Medfin

What Medfin does

Medfin Australia Pty Ltd is a specialised finance company that provides business and personal financial products exclusively to Australian healthcare professionals — doctors, dentists, veterinarians and allied health practitioners. Established in 1990 and operating today as a wholly owned subsidiary of National Australia Bank within the NAB Health specialist business, Medfin positions itself as Australia's oldest medical finance specialist. Its core product portfolio spans Equipment Finance (Finance Lease, Chattel Mortgage, Commercial Hire Purchase, Term Loan), Car Loans, Commercial Property Loans (including construction loans), Practice Loans for acquiring existing practices or partnership shares, Fitout Finance via a flexible Draw Down Facility, and the Med-e-credit line of credit for working capital. Home loans are delivered through a referral arrangement with NAB.

Underlying delivery is a relationship-led distribution model: dedicated relationship managers cover NSW/ACT, VIC/TAS, QLD, SA/NT and WA, supported by an accredited broker channel, an inside-sales customer service team, an online account portal with electronic document signing, and integrations with Equifax, illion, Experian, HICAPS and the broader NAB Group. Revenue is generated primarily through interest on loans and leases, plus origination, establishment and monthly maintenance fees across asset, practice and personal lending products.

The business is regulated under Australian Credit Licence 391697, with compliance obligations spanning the Privacy Act 1988, AML/CTF, Comprehensive Credit Reporting and Design and Distribution Obligations. Medfin increasingly layers AI-driven chatbots, fraud detection, sentiment analysis and predictive personalisation onto its operations, though these remain assistive rather than core differentiators of the lending franchise.

Name

Medfin

Legal name

Medfin Australia Pty Ltd

Website

https://medfin.com.au

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Short description

Medfin Australia is a wholly owned NAB subsidiary that provides specialised equipment, practice, commercial property, fitout, car and cash-flow finance exclusively to Australian healthcare professionals, distributed through regional relationship managers, an accredited broker channel and the NAB Health ecosystem.

Ownership category

akta.pro rank

Product category

Healthcare Professional Finance

NAICS

Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)

akta.pro secondary industry

Medical & Healthcare Personal Loans (Unsecured Installment) (FSAKAAAF)

Keywords

• Medical equipment finance
• Healthcare professional lending
• Practice acquisition loans
• Commercial property financing
• Cash flow facilities

Headquarters

HQ city

Saint Leonards

HQ country

Australia

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Equipment Finance: Finance solutions for medical equipment including Finance Lease, Chattel Mortgage, Commercial Hire Purchase, and Term Loans. Revenue generated through interest on loans and fees.
2. Practice Loans: Business loans for buying existing practices or shares in partnerships. Revenue from interest and origination fees.
3. Commercial Property Loans: Loans for purchasing commercial property for healthcare practices including construction loans. Revenue from interest, fees and charges.
4. Car Loans: Vehicle financing for both business and personal use for healthcare professionals. Revenue from interest and fees.
5. Cash Flow Finance: Line of credit facilities (Med-e-credit) providing working capital. Revenue from establishment fees, monthly account maintenance fees, and interest.
6. Home Loans: Referral arrangement with NAB for home loans. Medfin refers customers to NAB home loan experts.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Medfin is a specialised finance provider offering tailored lending products exclusively to Australian healthcare professionals. Its portfolio covers equipment finance, practice loans for buying existing practices, commercial property loans (including construction loans), fitout finance via a flexible Draw Down Facility, cash flow line-of-credit (Med-e-credit), car loans, and home loan referrals to NAB. Financing structures include Finance Lease, Chattel Mortgage, Commercial Hire Purchase, and Term Loan.

Product overview

Medfin is a specialized finance company offering a comprehensive suite of financial products tailored exclusively for healthcare professionals (doctors, dentists, vets, and allied health professionals). The product portfolio centers around practice-focused financing including Equipment Finance, Car Loans, Commercial Property Loans, Practice Loans, Fitout Finance, and Cash Flow Finance (Med-e-credit). These products are delivered through various financing structures such as Finance Leases, Chattel Mortgages, Commercial Hire Purchases, Term Loans, and Draw Down Facilities. Medfin operates as a subsidiary of National Australia Bank (NAB) and is part of the NAB Health specialist business, which also includes HICAPS for healthcare claims processing. The company connects customers to NAB Home Loans through referral partnerships and supports brokers through a dedicated accreditation program. Founded in 1990, Medfin is Australia's oldest medical finance specialist.

Differentiator

Problem solved

Functional benefit

Products and services

• Car Loans Motor vehicle financing for healthcare professionals covering both personal and business use, with options for personal car loans and business asset finance (ABN required). Up to 100% of purchase price can be borrowed.
• Equipment Finance Asset finance for medical and healthcare equipment ranging from small dental tools to large MRIs, as well as computers and office furniture. Available for new or used equipment through Finance Lease, Chattel Mortgage, Commercial Hire Purchase, and Term Loan structures.
• Commercial Property Loan Specialist commercial property financing for medical, dental, and veterinary practices. Offers up to 100% lending without additional security for approved applicants, plus staged construction loans for custom-built practice spaces with up to 12 months interest-only payments during construction.
• Practice Loan Business loans for healthcare professionals to purchase existing practice goodwill or acquire partnership shares, providing financing to own an existing healthcare practice.
• Fitout Finance Practice setup and refurbishment financing featuring a flexible Draw Down Facility. Medfin pays supplier invoices directly and repayments may start only when improvements are complete. Covers fixtures, fittings, furniture, medical equipment, and computers.
• Med-e-credit Cash Flow Facility A fast and flexible line of credit providing healthcare professionals with quick access to funds for operating expenses and working capital. Features overnight fund transfers for requests received by 3pm AEST and same-day RTGS option. Includes establishment fee and monthly account maintenance fee.
• NAB Home Loans (Referral) Home financing solutions provided through partnership with National Australia Bank. Medfin connects healthcare professionals with NAB home loan experts for purchasing, investing, upgrading, or downsizing properties.
• Medfin Broker Channel Accredited broker program supporting brokers who serve healthcare professionals. Provides tools and support for equipment, fitout, car finance, commercial property, and practice goodwill loans. Brokers require NAB accreditation and can join through approved aggregators.

Quantifiable outcome

• Can borrow up to 100% of equipment purchase price
• +3 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability5 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• NAB HealthcoreStrategic or Co-development PartnerNAB Health is a specialist healthcare banking division of NAB. Medfin works together with NAB Health to support healthcare professionals across all personal, business banking and health claim processing needs. NAB Health offers tailored financial solutions including transactional solutions, business and personal lending, trade and working capital solutions, and equipment finance.
• HICAPScoreStrategic or Co-development PartnerHICAPS is a NAB company and Australia's leading electronic claims service for healthcare providers. Provides terminals in over 30,000 healthcare practices with over 41 million claims processed annually. Covers 100% of Australian Private Health Insurers and various Government Schemes including Medicare Easyclaim.
• illionminorOthersCredit reporting body used by Medfin for credit checks and creditworthiness assessments. Contact: 1300 734 806 or [email protected].
• Equifax AustraliaminorOthersCredit reporting body used by Medfin for credit checks and creditworthiness assessments. Contact: 13 83 32.
• Experian AustraliaminorOthersCredit reporting body used by Medfin for credit checks and creditworthiness assessments. Contact: 1300 783 684.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Wisr Limited: Wisr is an Australian fintech consumer and SME credit provider offering personal loans and credit-building products. It represents an emerging digital alternative that could compete for smaller-ticket healthcare professional lending in the future.
• Plenti Group: Plenti is an Australian fintech lender providing automotive, renewable energy, and personal loans. Its automotive lending overlaps with Medfin's Car Loans for healthcare professionals, particularly through broker channels.

Direct peers

• Resimac: Resimac is a major Australian non-bank asset finance and mortgage lender specializing in prime and near-prime lending. Its asset finance division competes directly with Medfin's Equipment Finance and Car Loan products for healthcare professionals and other borrowers.
• Liberty Financial: Liberty Financial is an Australian non-bank lender providing mortgages, motor vehicle finance, and commercial lending. Its motor and commercial product lines are directly comparable to Medfin's Car Loans, Equipment Finance, and Commercial Property Loan offerings.
• Pepper Money: Pepper Money is a leading Australian non-bank specialist lender offering residential mortgages, asset finance, and personal loans. Its asset finance business overlaps with Medfin's equipment and vehicle lending, particularly for self-employed and professional borrowers.
• Scottish Pacific (BOQ Group): Scottish Pacific is a specialist SME finance provider (now part of BOQ Group) offering debtor finance, equipment finance, and commercial lending to small and medium businesses. It overlaps with Medfin's equipment finance and commercial lending offerings, though it serves a broader SME base.
• BOQ Specialist: BOQ Specialist is a division of Bank of Queensland focused exclusively on finance for professionals including doctors, dentists, lawyers and accountants. It is the most direct competitor to Medfin in the Australian professional specialty finance market, offering similar equipment, practice and property lending products.

Broad incumbents

• Judo Bank: Judo Bank is an Australian challenger bank focused on SME lending, including equipment finance and commercial property loans. It competes with Medfin for healthcare practice lending, though it serves a broader SME segment.
• Macquarie Bank Business Banking: Macquarie Bank offers business banking and asset finance products that overlap with Medfin's equipment finance and commercial property loans. While not healthcare-specialized, it is a credible competitor for larger practice finance deals.
• ANZ Professional Banking: ANZ Banking Group offers professional and commercial banking services including lending solutions that overlap with Medfin's product set. It is a broad incumbent rather than a healthcare specialist, but its scale makes it a competitor for practice acquisition and commercial property financing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/163707387352082

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Medfin