Medfin Finance: A Trusted Partner for Healthcare Professionals
At Griffith Malayalees, we’re always on the lookout for services that benefit our community members, especially those in the healthcare sector. Recently, we’ve heard positive feedback from multiple community members about Medfin Finance (www.medfin.com.au), a specialist finance company that has been serving doctors, dentists, vets, and allied health professionals since 1990. We’d like to share some insights about their services that might be valuable for our healthcare professionals.
Competitive Rates and Lower Fees Several of our community members have financed their cars through Medfin and reported positive experiences. One member who took out a car loan just last month (September 2024) shared specific details about the competitive interest rates offered. For their $50,000 car loan in September 2024, Medfin provided a fixed rate of 7.44% (reduced from 10.02%) and a variable rate of 8.14% (reduced from 9.81%) for a 5-year term. This was notably lower than the 10-12% fixed rates typically offered by dealerships.
Additionally, our members consistently found Medfin’s documentation fees to be quite reasonable. The one-off fee was $475 at settlement, significantly less than the $1,200 to $2,000 often charged by dealerships for similar services.
Disclaimer: The interest rates and fees mentioned in this article reflect one community member’s experience with a $50,000 car loan in September 2024; actual rates and charges may vary significantly based on individual circumstances, credit history, loan terms, market conditions, and other factors. Please contact Medfin Finance directly for current rates and terms applicable to your situation.
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Convenience and Efficiency In the fast-paced world of healthcare, time is of the essence. Our community members appreciated that all documentation was processed online, eliminating the need for time-consuming office visits. This efficiency allowed them to focus on their practices and patients without the added stress of financial paperwork.
Comprehensive Financial Solutions While the shared experiences were primarily with car financing, Medfin offers a wide range of financial solutions tailored for healthcare professionals. These include:
- Equipment finance for keeping your practice up-to-date
- Car loans for healthcare professionals
- Home loans with features tailored to healthcare professionals
- Practice loans for buying into or establishing your own practice
- Commercial property loans for investing in your practice space
- Fitout finance for creating or renovating your ideal practice environment
- Cash flow finance for managing day-to-day expenses
Personalized Service Medfin prides itself on understanding the healthcare industry and offering personalized service. For those interested in exploring Medfin’s services, you can contact
Emma
- Email: EAxford@medfin.com.au
- Phone: 0413 614 530
Official Number: 1300 361 122 for new enquiries and your local Relationship Manager
Part of the NAB Group It’s worth noting that Medfin is a wholly owned subsidiary of National Australia Bank (NAB), one of Australia’s largest banking groups.
In conclusion, based on the positive experiences shared by multiple members within our Griffith Malayalee community, Medfin Finance appears to be a valuable option for healthcare professionals seeking financial solutions. Their competitive rates, lower fees, convenient processes, and industry-specific expertise make them a noteworthy choice in the world of healthcare finance.
Remember, while these experiences have been positive, it’s always wise to do your own research and consider your personal financial situation before making any financial decisions. We encourage our community members to continue sharing their experiences and help each other make informed choices.
Disclaimer: The information contained in this article is gathered from multiple sources believed to be reliable as at October 2024 and is intended to be of a general nature only. It has been prepared without taking into account your personal objectives, financial situation or needs. Medfin does not guarantee the accuracy or reliability of any information in this article which is stated or provided by a third party. Before acting on the information in this document, you should seek professional advice and consider whether it is appropriate for you in light of your objectives, financial situation and needs. You should consider the relevant Product Disclosure Statement and Financial Services Guide (available on request) before deciding whether to acquire, or to continue to hold, any of Medfin’s products. Fees and charges are payable. Terms and conditions apply and are available on request from Medfin. Medfin’s credit products are subject to eligibility and lending criteria.
©2024 Medfin Australia Pty Ltd ABN 89 070 811 148 Australian Credit Licence 391697. Medfin is a wholly owned subsidiary of National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 (NAB) and part of the NAB Health specialist business. Medfin’s obligations do not represent deposits or other liabilities of NAB. NAB does not guarantee Medfin’s obligations or performance, or the products or services Medfin offers. You may be exposed to investment risk, including loss of income and principal invested.
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