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Everyday Heroes! Now you can buy or refinance up to 90% with Australia's only LMI free loan for Nurses, Teachers, Firefighters and Police.^




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2yr variable rate




Comparison rate*




Key features

  • Borrow up to 90%

  • $0 application fee

  • 100% offset facility

  • $0 monthly fee

  • $395 annual fee


1 - 3 yr fixed rate




Comparison rate from*




Key features

  • Borrow up to 90%

  • $0 application fee

  • 100% offset facility

  • $0 monthly fee

  • $395 annual fee

Why don't all banks offer 90% loans without LMI? And why are we different?

You're not going to like this... 

The truth is they already do - just not for you.

For years the big banks have given LMI waivers to an 'exclusive' list of professions borrowing over 80%.

Doctors, Judges and Lawyers have been enjoying LMI free purchase and refinance loans and saving tens of thousands of dollars in Lender's Mortgage Insurance in the process.

All the while good credit borrowers in equally respectable professions have been overlooked.

It isn't fair, but we don't expect that to change anytime soon either.

Want the good news...?

There are banks out there who care about customers as much as their bottom line - you just haven't heard of them.

Smaller banks are just as secure as big ones. But unlike big banks, they typically specialise in one type of customer group.

These banks know that certain professions are just as safe to lend to as Doctors. Better yet, their rates are often lower because they don't waste millions on brand ads and brokers channels.

We specialise in helping small banks like these bring their amazing products directly to the people that deserve them the most.

That's probably how you found us!

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Calculate how much you can save.

^ Terms & conditions apply. Eligible good credit applicants only.
Calculations are estimate only. Speak to a Parker Lane mortgage specialist to receive a FREE personalised quote.

Who is eligible and what exactly is LMI again?

Eligible Applicants

Not so long ago, certain professions were revered with equal respect to the likes of Doctors and Lawyers.

We call them Everyday Heroes: Professionals serving the community, keeping us safe, well, educating our young and caring for our sick and old.


Everyday Heroes

  • Nurses

  • Teachers

  • Police

  • Fire Fighters

  • Paramedics

  • And more...

LMI explained?
LMI stands for Lender's Mortgage Insurance. LMI is the insurance premium you (the borrower) pays to protect the bank from you.

The greater the risk (the higher the loan as a % of the value) the higher the premium.

LMI is payable on loans above 80% and it is the number one reason why:

  • Home Buyers take years longer to get into the market and repay their mortgage

  • Home Owners are forced to remain in bad loans paying thousands more each year in wasted interest

It isn't unreasonable to expect more and we can help you get what you deserve. 

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Loan Information

Loan Details


  • Life-of-loan discount off the standard variable interest rate
  • Deposit your money into a 100% offset facility which allows you to reduce the interest on your home loan
  • Save money with no monthly fees
  • Low annual fee of $395
  • Use your money your way by making extra repayments without penalty and redraw your money as you need it
  • Benefit from flexible repayment options – pay weekly, fortnightly or monthly
  • Available for owner occupied or construction purposes
  • You can borrow up to 98% of the property value with lenders mortgage insurance. Lenders mortgage insurance will apply if you are an eligible borrower are you borrow over 90% of the property value.
  • If you borrow 80% or less of the property value Lenders mortgage insurance may not be required.
Package Benefits Interest rate and fee discounts on your loan, plus discounts on other products and services: Enjoy all these benefits for one annual fee of $395
  • Transaction fee free banking
  • $0 annual fee on our low rate credit card – saving you $40
  • $0 application fee on personal loans – saving you $195
  • A 10% discount on the first years premium on home and/or contents and/or car insurance
Loan to Value
  • Borrow up to 95% of the value of the property
    • Lender's Mortgage Insurance (LMI) applies above 90% (appoved applicants only)
  • Capitalise LMI up to 98%
Acceptible Securities
  • Residential properties
  • Vacant land
  • Construction

Fees and Charges

New Money Offer - $0 application fee applies to application, legal and valuation fee with only one valuation fee waived. Government charges or any exit costs may be incurred from your existing lender. Additional fees may also apply. Please refer to your lender for a schedule of fees and charges.

  • $0 applicaiton fee
  • $0 valuation fee (first valuation only)
  • $0 monthly and $395 annual fees
  • Redraw fee: Internet (BPAY®, internal and external transfers) $0: Staff Assisted $30


To qualify, at least one borrower (not guarantor) must be employed/engaged in one of the occupations listed below.

  • Police Department employee (sworn officer or civilian)
  • Ambulance Officer (including specialist paramedics)
  • Qualified Nurses (including hospital and nursing home/aged care facilities)
  • Prison Officers
  • Professional Fire Fighters
  • Qualified / Licenced Teachers (currently employed in a school)
  • Legal Practitioner
  • Accountant
  • Medical Doctor
  • Dentist / Orthodontist
  • Judicial Officer
  • Veterinary Surgeon
  • Optometrist / Ophthalmologist
You can apply if you:
  • Are over 18 years of age
  • Have a regular income
  • Have 5% genuine savings OR equivalent rental payment history
  • Are not bankrupt
  • Are an Australian citizen, a permanent resident or have an approved working Visa
  • Have not had defaults on any Loans, Credit cards, Interest free finance or Store cards in the last 5 years
  • Have been in your current job longer than 6 months
What you may need to apply:
  • Your personal details, such as your current and previous address, phone number and email address
  • Details of your income, employment, any assets (e.g. home, car or savings) and debts (mortgages, loans and credit cards) you currently have.
Self employed
  • Full documentation applicants acceptable.

Comparison Rate Explained

The comparison rate is ASIC's standard for comparing loans of $150K over 25 years. Comparison rates may not be the best way to compare the value of loan options which are for different amounts and terms.

Why people love us

3,000+ happy customers and counting

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At Parker Lane we've famous for being the little brokerage that wins big awards for satisfying our customers.

With more than 3,000 happy customers in just 4 years, we estimate that on average we save people $35,579 by financing with us.

The most direct path to big savings


Take the 10 minute challenge with one of our friendly first home experts.


Get Approved
Once you get qualified we'll lock in a plan and get you approved ASAP. 


Settle Loan
We'll take care of settlement so you can relax.

Work With us How Ever You Like

Get self qualified

Curious? Take the 60 second qualification quiz to see if you pre-qualify. 

Book a FREE appointment

Get the lowdown fast a confidential 10 minute session with one of our expert advisers.

Thousands of 5-Star Success Stories just like this one


Out of 5

woman 5

Amanda N

Stockwell, SA

"We found staff at Parker Lane professional and and helpful in every way, making the process stress free and easy.
Keely helped us by offering a variety of loans and options, some options we would never have considered or known about based on our situation.
Alana always kept us up to date and we highly recommend anyone looking at refinancing, consolidating or for any other loans with Parker Lane.
Thank you Keely and Alana for assisting us during this process, we are very excited about paying off our home loans sooner."

Tired of scrolling?

Get a hold of a Parker Lane human on 1300 13 17 11.

OR email hello@parkerlane.com.au to get the help you need.