Home loans for Bankers

Home Loans for Bankers Sydney | No LMI Mortgage Broker | Buyvest

Home loans for banking professionals

Home loans for bankers.
No LMI. $0 cost.

Waived LMI at up to 90% LVR for staff of eligible banks, even if you apply through a different lender. Your Sydney banker mortgage broker, 35+ lenders, $0 cost.

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35+
Lenders
90%
Max LVR, no LMI
$45k+
Max LMI saved
$0
Cost to you

How do home loans for bankers work?

As a banking professional, some lenders waive Lenders Mortgage Insurance (LMI) when you borrow up to 90% of the property value. Many add a sharper rate and waive establishment and service fees through their professional banking teams. On one purchase that can save you $13,000 to $45,000 or more. This waiver is based on where you work, not a registration or a designation. If you are employed by an eligible bank, you may qualify.

Here is the part worth knowing: your own employer does not need to run a staff deal. Another lender can waive LMI for you based on the bank you work at, which is why comparing matters. And the policies swing a lot from one lender to the next. Some set an income floor, some set none. Some want six months at your current bank, others just one, or two years of banking experience anywhere. Some count your bonus in full, some cut it back. Some cover contractors, some do not. Tracking all of that is what we do as a mortgage broker for bankers. We compare 35+ lenders and walk you into the best one, not just whatever your own bank offers.

First home buyers can stack the LMI waiver with the NSW stamp duty concession and save a big chunk upfront. Already own property? Use your equity to invest or refinance with the LMI waived again. Our service costs you $0, and you deal with the same broker from first call to settlement.

The numbers

How much LMI do bankers save?

LMI is one of the biggest upfront costs when you buy with less than a 20% deposit. As a banking professional, you skip it entirely at up to 90% LVR. The bigger the property, the more you save.

Property valueLVRLoan amountLMI (non-banker)Banker saves
$600,00090%$540,000~$13,400~$13,400
$750,00090%$675,000~$16,800~$16,800
$900,00090%$810,000~$20,200~$20,200
$1,000,00090%$900,000~$22,400~$22,400
$1,250,00090%$1,125,000~$28,000~$28,000
$1,500,00090%$1,350,000~$33,600~$33,600
$1,800,00090%$1,620,000~$40,300~$40,300
$2,000,00090%$1,800,000~$44,800~$44,800

Estimates only. LMI varies by lender, insurer, state, and your profile. Assumes standard residential, owner-occupied, principal and interest. The banker waiver runs to 90% LVR. Use our property deposit calculator for your numbers, or book a free consultation and we will work out your exact saving.

How much can you save with a banker home loan?

We check your employer eligibility, work out your borrowing power across 35+ lenders, and show you what you save on LMI, fees, and interest. Clear answers, no pressure.

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MFAA member. 10+ years lending experience. $0 cost to you.

Why Buyvest

Why use a mortgage broker for bankers?

You know lending better than most clients, but the staff-waiver market is a maze of employer lists, tenure rules, and bonus policies. We know it cold, and we go straight to the best fit.

35+ lenders compared

Some waive LMI for staff of any major bank, some only their own. Tenure runs from one month to six, or two years in the industry. We line them all up and show you the winner, not just your own employer's deal.

LMI waived. $13k to $45k+ saved

A regular borrower pays about $22,400 in LMI on a $1M property at 90% LVR. You pay nothing. Paid LMI before, or sitting on your employer's loan? Refinance with the waiver and stop paying it.

Your bonus income read right

STI, commission, deferred equity. Some lenders count your bonus in full over two years, some cut it back or ignore it. The right lender can add $50,000 to $200,000 to your borrowing power.

Professional banking divisions

Staff pricing and fee waivers you will not find in a branch. We deal with the professional teams directly, and track cashback offers when you switch.

$0 cost, best interests by law

The lender pays us when your loan settles. Your rate is the same either way. The Best Interests Duty means we must recommend what is best for you, not your employer's product.

Reviewed every year

As you move from analyst to leadership, better rates and larger loans open up. We review your loan every year and call you when a better deal appears.

Which banking employers qualify for waived LMI?

The banker waiver is employer-based, so you do not need a professional registration. If you work at an eligible institution, you may qualify. Staff of the big four have the widest lender choice, and staff of major second-tier and regional banks are covered by at least one lender, though a few lenders limit their waiver to the big four. These employers are covered by at least one lender:

  • Commonwealth Bank (CBA)
  • Westpac
  • ANZ
  • NAB
  • Macquarie Bank
  • ING
  • Bank of Queensland (BOQ)
  • Bendigo and Adelaide Bank
  • HSBC
  • AMP
  • Suncorp Bank
  • Bankwest
  • St.George
  • Bank of Melbourne
  • BankSA
  • Unloan

Eligibility varies by lender, so if your employer is not listed and you think you may qualify, ask us and we will confirm straight away.

How is a banker's eligibility verified?

Through your employment, not a registration. Most lenders want an HR confirmation letter or a letter from your direct manager stating your role, employment type, and start date, plus a couple of recent payslips. Tenure rules vary: some lenders accept as little as a month at your current bank, others want six months by settlement, and some accept two years of cumulative Australian banking experience even if you only just started your current role. On income, some lenders set no minimum for bank staff and others want you above a set level, so the lender choice matters, especially early in your career.

Who does not qualify for a banker home loan?

Casual staff usually miss out, as do most former employees once they leave banking, and staff of fintechs or neobanks that are not regulated banks. Insurance-only and other non-bank financial firms generally fall outside the waiver too. Some lenders do extend it to long-serving retirees, so it is worth asking. If you do not qualify, other paths in include the Home Guarantee Scheme, a guarantor loan, or a 20% deposit, and we can still find your best deal across 35+ lenders.

Your income

How do lenders assess banker income?

Your base salary is the easy part. Bonuses, commission, and deferred pay are where lenders differ most, and where the wrong choice quietly costs you borrowing power.

Base PAYG salary

Every lender takes 100% of this with two payslips. Just changed banks? Some lenders want you past probation, others accept your first payslip and as little as a month of tenure.

Bonuses and STI

Corporate, institutional, and investment roles often earn 10% to 60% of base in bonus. Some lenders count it in full over two years, others average or discount it. The right one can add $50,000 to $200,000 to your borrowing power.

Commission income

Mobile lenders and business bankers earn commission on top of base. Some lenders treat commission paid through payroll like salary, others average it over 6 to 12 months. Lender choice changes the result a lot.

Deferred pay and equity

LTI, restricted shares, and equity grants. Most lenders ignore unvested equity, some count vested shares at market value. If a big slice of your pay is deferred, the lender you pick decides whether it counts.

Overtime and allowances

Branch, contact centre, and operations roles often earn overtime and shift loadings. Some lenders count these at full value with steady history, others cap or exclude them.

Side income

A consulting gig, a rental, or a small business on the side. Some lenders add it to your salary, others treat it as self-employed with two years of returns. We find the one that counts it.
Self-employed guide
Your career stage

What is the best banker home loan for your career stage?

The right move depends on where you are in your career, what you earn, and where you want to end up.

Graduate or early-career banker buying your first home

A banker home loan lets you buy with a 10% deposit and no LMI, and at the lenders with no income floor it works even on a graduate salary. NSW first home buyers can also pay less stamp duty, or none at all. Read our first home buyer guide.

Example scenario

Tom, graduate analyst at a major bank, earning $85,000. He has $80,000 saved and wants a $750,000 apartment in Sydney. At 90% LVR his loan is $675,000. He needs about $75,000 deposit plus around $2,500 in legal costs. As a first home buyer under $800,000 in NSW he pays zero stamp duty. As a banking professional he pays zero LMI, where a regular borrower pays about $16,800. Tom's upfront cost is about $77,500 instead of about $94,300.

Mid-career banker upgrading to a family home

The equity in your current home can fund the deposit on your next one. Keep the first as an investment, and at lenders that extend the waiver to investment it can apply there too. The trick is a lender that counts your bonus in full. Read our buying your next home guide.

Example scenario

Priya, business banking manager earning $160,000 plus $30,000 STI. She owns a $750,000 apartment with $280,000 equity and buys a $1,100,000 family home. She keeps the apartment as an investment. At 90% LVR her new loan is $990,000. Zero LMI saves her about $24,600. The right lender counts her bonus at 100%, lifting her borrowing power by $80,000 or more over a lender that discounts or ignores the STI.

Senior banker building an investment portfolio

At the lenders that extend the waiver to investment properties, you can grow a portfolio with less LMI drag, though bank-staff investment waivers are less common than owner-occupied, so lender choice matters. We set up each loan on its own to keep your structure clean, spread across lenders, and you can chat to your accountant about the tax side.

Example scenario

Daniel, senior corporate banker earning $220,000 plus $80,000 STI. He owns a $1.5M home and one investment property, and paid LMI on both before he knew about the banker waiver. Refinancing both to a lower rate with the LMI waived, he saves $12,000 or more a year in interest, and picks up cashback of $4,000 per property, $8,000 across the two. No LMI is payable on the refinance even though both sit above 80% LVR.

Recently changed banks or on a contract

Just moved to a new bank? Some lenders accept as little as a month of tenure for the waiver. Others want six months at your current employer but accept two years of cumulative banking experience instead, so if you have been in banking a while across different roles, you likely still qualify. For fixed-term contractors, some lenders say yes and some say no, so the lender choice is everything. Read our self-employed home loan guide.

Refinancing your existing home loan

Paid LMI the first time, or sitting on your own employer's loan and never compared the market? Refinancing as a banking professional means you switch without paying LMI again, even above 80% LVR. Add a lower rate and staff fee waivers and you can save thousands a year. Some lenders add cashback too, and we track them.

Rentvesting: rent where you live, invest where it grows

Work in the CBD but cannot afford to buy there? Rentvesting lets you rent near the office and buy an investment property where prices grow. With select lenders, your LMI waiver applies there too, at up to 90% LVR. Chat to your accountant about the tax side. Explore pathways to ownership.

Borrowing power

How can bankers maximise their borrowing power?

Our founder spent 8+ years inside a major bank approving and declining loans. He knows what gets a yes. Your application gets built to be approved at the highest amount.

Pre-assessed before submission

Most brokers submit and hope. We check your file against the lender's credit rules first, and present bonus and deferred pay the way credit assessors expect, so it moves faster.

Tested across every lender

On the same income, the gap between lenders can be $200,000 to $400,000. We find the one that counts your bonus at 100% and reads rental income the most generous way.

Straight to the professional team

Staff pricing and LVR limits you cannot get through a branch. We deal with the professional lending teams directly and push for sharper pricing.

Quick wins before you apply

A credit card cuts your borrowing power by $30,000 to $50,000 for every $10,000 of limit. Cancelling unused cards can add $100,000 or more.

Your schedule respected

Banking hours are long, especially in corporate and institutional roles. Weekdays 9am to 9pm, weekends 9am to 6pm. We handle everything to settlement.

Inside lending experience

Ali Hasani spent 8+ years as a Senior Mobile Lending Specialist at one of Australia's big four banks. MFAA accredited, with a perfect settlement record.
Meet the team
How it works

How do you get a banker home loan?

1

Free assessment

We confirm your employer eligibility and read your income, then find the lender with the highest LVR and waived LMI for your situation.
2

Compare and choose

See your best options side by side. Waiver limits, rates, fee waivers, and which lender reads your bonus and total pay best.
3

Settle with zero LMI

We handle the application, valuation, and settlement. Your loan settles with no LMI, then we review your rate every year.
Plan ahead

How much can I borrow as a banker?

Your results will look different to standard calculators, because the banker waiver lets you borrow at a higher LVR without the LMI bill.

Property deposit calculator

Enter your savings and see your maximum purchase price at 80% and 90% LVR, stamp duty included. Your 90% result is real, with no LMI on top.
Calculate

Home equity calculator

See how much equity you can pull from your current property for your next home or investment.
Calculate

Mortgage repayment calculator

Estimate your repayments across different rates and terms before you commit.
Calculate

Home loans for bankers, banker home loans, bank staff home loans and waived LMI for big four bank staff, business bankers, mobile lenders, corporate and institutional bankers and banking professionals across Sydney and Australia-wide.

Client reviews

5.0 ★★★★★ on Google

★★★★★
"Ali is the best broker, very informative and runs you through several scenarios to get you the best outcome."
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★★★★★
"Best home loan lender. I purchased a property recently, and this team managed to obtain my loan within a short turnaround period. I would rate you as one of the best brokers in Ryde."
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"Incredible service! Mojtaba was fast, responsive, and always ahead of the game. We were able to close quickly thanks to their diligence and expertise. Truly a pleasure to work with."
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FAQ

Frequently asked questions about home loans for bankers

Real answers to the questions banking professionals ask us every day.

What is a banker home loan?
A home loan with special perks for staff of eligible banks. The big one is waived LMI above 80% LVR, up to 90%. You may also get a discounted rate, waived establishment and service fees, and other staff pricing. Lenders offer it because banking professionals have steady incomes, strong financial literacy, and low default rates.
Why do bankers get special home loan deals?
Strong financial literacy, stable jobs, and competitive pay. Lenders also value the wider relationship: a banking professional who brings a home loan often holds savings, cards, and investments with the same institution. Some lenders offer the waiver specifically to win staff from competitor banks.
How much deposit does a banker need?
With the right lender, 10% and no LMI. On a $1,000,000 property that means $100,000 instead of $200,000. Use our property deposit calculator to see your maximum purchase price.
Do I need to work at a specific bank?
You need to work at an eligible bank, but the list is broad. Staff of the big four have the widest choice, and staff of major second-tier and regional banks are covered by at least one lender. You do not have to apply with your own employer, another lender can waive LMI based on where you work.
How long do I need to have been employed?
It varies. Some lenders want as little as a month at your current bank, others six months by settlement, and some accept two years of cumulative Australian banking experience anywhere. Recently switched banks but been in the industry a while? You likely still qualify.
Is there an income requirement for a banker home loan?
It varies by lender. Some set no minimum income for bank staff, others want your income above a set level. The waiver is based on your employer, so at the no-floor lenders it helps early-career staff on lower salaries. Your borrowing power still depends on income and debts.
What is the maximum loan amount for bankers?
It depends on the lender, and the caps move. Some cap the waiver at a lower loan size than the medico waivers, so we check the current limit for your lender. What you can borrow still comes down to your income, debts, and expenses.
Can I get waived LMI on an investment property?
At some lenders, yes, though bank-staff investment waivers are less common than owner-occupied and the terms vary. Some cover investment at up to 90% LVR, others cap it lower or stick to owner-occupied only. We set up separate splits so your investment lending stays clean, and you can talk to your accountant about the tax side.
Can contractors get a banker home loan?
Some lenders accept contractors with as little as a month of employment, others exclude fixed-term contractors, consultants, and casual staff outright. If you are contracting at a bank, we find the lenders that accept your employment type and the ones that do not.
How does bonus income affect my borrowing power?
A lot. Corporate, institutional, and investment roles often earn 10% to 60% of base in bonus. Some lenders count 100% of it over two years, others average it, cut it back, or ignore it. The right lender can add $50,000 to $200,000 to your borrowing power.
Can I get a banker home loan if I recently changed banks?
Yes. Some lenders want just a month at your current bank. Others want six months by settlement but accept two years of cumulative banking experience as an alternative. If you have been in banking a couple of years across different employers, you likely qualify even after a recent move.
Does my debt-to-income ratio affect my banker home loan?
Yes, at some lenders. High debts next to your income, including card limits and HECS, can pull your maximum LVR back under the waiver. Each lender draws the line in its own place, and the lines move. Clearing unused cards and paying down debt helps.
Can I get interest-only repayments with a banker home loan?
It depends on the lender. Some allow principal and interest only under the waiver, others allow interest-only converting to principal and interest. One common pattern is interest-only up to 80% LVR for owner-occupied and up to 90% for investment. Tell us early, it shapes the lender choice.
Can I build a home with a banker home loan?
Sometimes. Some lenders rule land, building, and construction loans out of the staff waiver, others consider construction case by case. If building is your plan, we check the current policy for you before you commit.
Do banker home loans have higher interest rates?
No. Banker home loans usually match or beat standard rates. Several lenders add a staff rate discount through their professional lending divisions, and some waive package, establishment, and service fees. Rates move daily, so ask us for today's best.
Can I refinance and avoid LMI as a banker?
Yes. You can refinance to a lender with waived LMI even above 80% LVR. Handy if you paid LMI before, or if you are on your own employer's loan and have never compared the market.
What documents do I need?
ID, employment verification (an HR letter or a letter from your manager confirming your role and tenure), proof of income (two payslips showing base and any bonus or commission), bank statements, and details of any loans. We give you a checklist built for your situation.
My spouse is a banker. Can we get a banker home loan?
Yes. Joint applications with an eligible banking professional can get the waiver. Most lenders want the banker on the loan, not just as a guarantor. Your partner's income counts toward borrowing power too.
Can I combine the LMI waiver with stamp duty concessions?
Yes. The waiver comes from the lender, stamp duty concessions from the NSW government, so you can stack them. On a $750,000 first home in NSW, that can mean zero stamp duty and zero LMI, saving $16,800 or more in LMI alone, plus the full stamp duty.
How quickly can I get pre-approved?
Banking staff with simple PAYG income and confirmed employment can be pre-approved within a couple of business days, and some lenders turn a first look around in a day. Pre-approval lasts about 90 days.
Should I use a broker or go to my own bank?
Your bank only offers its own product. A broker compares 35+ lenders, which differ on LVR, loan caps, tenure rules, bonus treatment, interest-only, and contractor eligibility. Even if your own bank runs a staff deal, another lender may offer a sharper rate or more borrowing power. As a mortgage broker for bankers, that is exactly what we compare. The service costs $0.
How much does a mortgage broker cost?
$0. The lender pays us a commission (typically 0.45% to 0.65% of the loan) at settlement. Your rate is the same either way. Meet our team.
I work at a bank that does not offer a staff waiver. Can I still get waived LMI?
Often, yes. Some banks do not run their own staff deal but are on the eligible employer list at another lender. The broadest waivers cover staff of most major banks regardless of whether that bank offers its own deal. We find the external lenders that will waive LMI based on your employer.
Can I get a banker home loan with a trust or company structure?
It depends on the lender. Some say the staff waiver is not available to company or trust borrowers. Others allow it where the eligible banker is a borrower, whatever the ownership structure. If you use a trust or company, the lender choice decides whether you keep the waiver.
Are there postcode restrictions on banker home loans?
At some lenders, yes. For prestige or high-value areas, a lower LVR policy can override the staff waiver. Most standard metro properties are fine. We check your suburb before we apply.
Do school fees affect my borrowing power as a banker?
Yes. Lenders count school fees as a committed expense. Private fees of $20,000 to $40,000 per child per year cut your borrowing power. Some lenders treat them more harshly than others, and we find the one that hits you least.
What loan features do bankers get access to?
All the usual: fixed and variable rates, 100% offset, redraw, splits, interest-only where allowed, and lines of credit. Some lenders waive package fees for staff. The waiver does not limit your features, though it usually needs a packaged home loan.
How much can a banker borrow?
It depends on your income, debts, expenses, and the lender. Bankers can often borrow more than others on the same base salary when bonus and commission are counted in full. Comparing across 35+ lenders gets you the most. Use our mortgage repayment calculator to estimate repayments.
How do credit cards affect my borrowing power?
A lot. Lenders treat your limit as fully spent, even if you clear it monthly. A $10,000 limit cuts borrowing by about $30,000 to $50,000, and several cards can cost you $100,000 or more. Cancel unused cards before you apply.
Can I get a banker home loan with HECS-HELP debt?
Yes. HECS lowers what you can borrow but will not stop approval. Lenders count the compulsory repayment as a committed expense. Some lenders treat HECS more kindly than others, and we know which.
Do buy now pay later accounts affect my application?
Yes. Active Afterpay, Zip, or Humm accounts count as debts and cut your borrowing power. Some lenders view them poorly. Close them before you apply.
What happens if I leave banking?
Nothing bad. The waiver is checked when you apply, and once settled your loan is unchanged. Only catch: a future refinance needs you to still be at an eligible bank for a new staff waiver.
Are there property type restrictions on banker home loans?
The waiver covers standard homes: houses, townhouses, and apartments. Some lenders limit small apartments, high-density buildings, or rural properties, and a lower LVR policy can apply to prestige properties. It usually needs to be a standard packaged home loan.
What is debt recycling and can bankers use it?
It turns home loan debt you cannot deduct into investment debt you can, using equity and separate splits. Talk to your accountant about whether it suits you, then talk to us about the loan setup.
Can I buy multiple investment properties with a banker home loan?
Yes. There is no set limit on properties, as long as each sits within the lender's caps and you have the borrowing capacity. Some lenders cap total lending with them, so we spread loans across lenders and set up each on its own. Chat to your accountant about the tax side.
Can I get a banker home loan on a temporary visa?
Some lenders accept temporary visa holders, though the terms can differ: a lower LVR, a bigger deposit, or property limits, and some want all income in Australian dollars. Citizens and permanent residents get the widest choice. Contact us to check your visa type.
All professions

Which professions qualify for no LMI home loans?

Use your professional status to skip LMI and get cheaper rates, whatever your industry.

Doctors

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Dentists

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Veterinarians

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Pharmacists

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Optometrists

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Podiatrists

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Physiotherapists

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Chiropractors

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Psychologists

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Osteopaths

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Sonographers

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Lawyers

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Accountants

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Auditors

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Actuaries

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All no-LMI loans

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Your best banker home loan is one call away.

We compare 35+ lenders, confirm your employer eligibility, find the highest LVR with waived LMI, read your bonus income right, and handle everything. $0 cost.

0426 002 202 Let's meet

MFAA member. 10+ years lending experience.

Banker home loan Sydney specialists helping banking professionals across 220+ suburbs and Australia-wide. Meet our team. Service regions: Sydney CBD, Sydney Central, Eastern Suburbs, Northern Beaches, North Shore, Inner West, Sutherland Shire, Hills District, St George, Canterbury-Bankstown, Western Sydney, Penrith.