Serviceability

A lender's assessment of whether you can afford the repayments on a loan, based on your income, expenses, and existing debts.

In More Detail

Serviceability assessments can be more complex for medical professionals with irregular income — such as locums, practice owners, or specialists with a mix of employed and self-employed income. Lenders vary in how they treat this kind of income, which is part of why broker experience with this client group matters.

When to Seek Help

If your income doesn't fit a standard employed-PAYG pattern, ask a broker how different lenders on their panel assess serviceability for your specific situation.