Medical equipment finance for doctors, dentists and vets

Who finances medical equipment, and what do they publish?

Two groups: the banks, through their healthcare and equipment finance teams, and lenders that specialise in medical, dental and veterinary practices. Checked on each lender's own page on 30 September 2026; rates are set for each practice, so none is shown. Terms change without notice.

Is Medfin owned by NAB?

Yes. Medfin Australia Pty Ltd is a wholly owned subsidiary of National Australia Bank and part of the NAB Health specialist business, according to Medfin's own disclosure. It holds its own Australian Credit Licence (391697), and Medfin states that its obligations are not deposits or other liabilities of NAB.

Lease or chattel mortgage for medical equipment?

Own what you will use for its whole working life: treatment chairs, surgical tables, sterilisers. On a chattel mortgage the practice owns the equipment and deducts the interest and depreciation. Lease what you will replace as the technology moves, such as imaging, diagnostics and practice IT: CommBank's healthcare leasing through CHG-MERIDIAN finances 100% of the cost, spreads the repayments over the asset's effective life and lets you upgrade, return or renew at the end, while a finance lease at Medfin or BOQ Specialist ends with a residual payment.

GST needs a check with your accountant first. Many health services are GST-free, and the ATO publishes guidance on which health services and equipment are, so what your practice can claim, and when, depends on its GST position. A chattel mortgage brings any GST credit forward to the next BAS; a lease spreads it across the rentals.

Practice fit-outs and staged payments

A fit-out is paid in stages while it is built. CommBank publishes an Equipment Construction Facility that pays your supplier in instalments during construction, with interest charged only on the funds drawn and full repayments starting once the equipment is ready to use. For practices that buy regularly, CommBank's Master Limit pays each invoice you send, with repayments starting when the assets are delivered. BOQ Specialist publishes fit-out finance and lets you consolidate all practice assets into one agreement.

Finance for new practitioners and new practices

CommBank's Healthcare Start Well is built for the early years: repayments are lower for the first two years and then step up over the remaining term of three to five years, which costs more interest in total. Expect to show your professional registration, your experience and a plan for the practice's income alongside the usual financial documents, and compare the step-up against a level loan over the same term.

What does a broker need to quote medical equipment?

• The supplier's quote or invoice, itemised where it covers several pieces of equipment.
• The practice's last two years of financial statements and tax returns, and the current BAS.
• Your professional registration, and details of the practice entity and its owners.
• A summary of existing equipment finance and practice loans.