Business Loans

Medical fitout finance
for Australian
practices

Finance your GP practice, specialist rooms, or day surgery fit-out from lease signing to opening day. We compare 50+ lenders with specialist healthcare fitout experience.

🏥
Specialist healthcare fitout lenders on panel
Pre-approval before your builder starts
🏛️
50+ lenders compared in one application
📋
New practice and startup pathways available
Get a finance quote
Free · No impact on your credit score
Secure · Australian team · No obligation
50+
Lenders compared
24hr
Pre-approval
$0
Upfront options
5.0★
Google rating
100%
Australian team

At EasyAsset, medical fitout finance is a specialist niche we work in every day. Whether you are fitting out a GP consulting suite, specialist rooms, radiology or imaging suite, allied health practice, or a private day surgery, we work with lenders who understand the compliance requirements, long fitout periods, and clinical infrastructure costs involved in medical premises. We help practitioners navigate staged drawdown facilities, healthcare practice loans, equipment and fitout bundles, and the specific lender requirements for clinical environments including infection control fitouts, medical gas reticulation, and theatre-grade HVAC. If it needs to meet AS/NZS 3003 and your patients depend on it, we can fund it.

How it works

How medical fitout finance works

Medical fitout finance is structured as a staged drawdown facility aligned to your builder’s progress payment schedule. Here is how the process works from lease to opening day.

1

You sign your commercial lease and receive fitout specifications

Most landlords provide a fitout guide or tenancy schedule detailing what is permitted. Some provide a landlord incentive or contribution toward fitout costs. Your finance application can begin at this stage, before any works commence.

Start your finance application as soon as your lease is signed
2

You obtain builder or contractor quotes

Your fitout finance application is typically based on accepted quotes from licensed builders and tradespeople. Lenders want to see the fitout cost broken down by trade. Most lenders require at least one formal quote before approving a staged drawdown facility.

Itemised builder quotes support your application
3

Finance is approved before works commence

Pre-approval means you know your funding is in place before your builder starts. This protects you from project delays caused by funding gaps mid-construction. Settlement typically occurs in stages aligned to your builder’s progress payment schedule.

Pre-approved before your builder starts
4

Funds are drawn in stages as works are completed

Unlike a standard loan, fitout finance is drawn progressively. As your builder completes agreed milestones and issues progress claims, your lender releases the corresponding funds. You only pay interest on the amount drawn at each stage, not the full facility limit.

Interest charged only on funds drawn at each stage
5

Fitout complete, you open and begin trading

On practical completion, the final drawdown is released to your builder. Your facility converts to a standard repayment schedule and you begin making repayments from your trading revenue. The fitout generates depreciable deductions from day one.

Open for business, repayments begin from trading revenue
Types of fitout finance

Which fitout finance structure suits your practice?

Four structures available for medical fitout finance. The right one depends on your fitout complexity, trading history, and whether you want to bundle clinical equipment with construction.

🏗️
Fitout loan

A term loan for the full fitout cost, with staged drawdowns tied to your builder’s progress payment schedule. The most common structure for medical fitouts. You repay over a fixed term of 3 to 7 years with the fitout itself as the primary security.

Draws aligned to builder progress claims
Fixed term and repayment schedule
Interest only on drawn amounts during construction
Available from specialist commercial lenders
📋
Unsecured business loan

For smaller fitouts or businesses that do not want to use the fitout as security. No charge over the fitout asset. Typically available up to $250,000 and approved based on your business revenue and credit profile rather than asset security.

No security required over the fitout
Faster approval for smaller fitouts
Available up to $250,000 from non-bank lenders
Higher rate reflects the unsecured nature
🔧
Equipment and fitout bundle

Combine the fitout construction cost with examination chairs, patient monitors, ultrasound machines, and other clinical equipment under one facility. Particularly useful when both fitout works and equipment are sourced at the same time.

One loan covers construction and equipment
One monthly repayment
Single application and settlement process
Equipment assessed as additional security
💵
Sale and leaseback on existing fitout

If you own an existing fitout in a leased space, you may be able to sell the fitout asset to a lender and lease it back, unlocking working capital for a new fitout or other business needs without disrupting your current operation.

Unlock cash from existing fitout asset
No disruption to current operations
Suitable for refurbishments and upgrades
Available for established businesses with fitout assets
Structure recommender

Which fitout finance structure suits your practice?

Answer 4 quick questions and our recommender will suggest the best fitout finance structure for your medical practice, instantly, with no phone call needed.

Find your ideal medical fitout finance structure

4 questions · Takes about 30 seconds · Instant recommendation

Question 1 of 4

What type of medical practice are you fitting out?

Eligibility

Who qualifies for medical fitout finance?

Most Australian businesses with a signed commercial lease and an ABN can access fitout finance. Here is what lenders look at.

Signed commercial lease
A signed commercial lease is the fundamental starting point for fitout finance. Most lenders want to see a lease term that covers the finance term. A minimum remaining lease term of 3 years is typical.
Active ABN and trading history
An active ABN is required. Established businesses with 12 or more months of trading history have access to the full range of lenders. New businesses can still access fitout finance but may need a stronger asset position or personal guarantee.
Builder quotes or contracts in place
Lenders typically require formal quotes from licensed builders before approving a staged drawdown facility. Having your builder under contract before applying strengthens your application and speeds approval.
Landlord incentive or contribution
Many commercial landlords offer a tenant incentive toward fitout costs. Lenders want to see this factored into your total fitout budget. A larger landlord contribution reduces the amount you need to borrow and can improve your approval prospects.
Personal guarantee for smaller businesses
Most commercial lenders require a personal guarantee from directors or principals, particularly for smaller businesses or new operations. This is standard practice and does not affect your credit score unless you default.
No property security for smaller fitouts
Fitout loans up to around $250,000 are often available without real property security. The fitout itself is the security. For larger fitouts, some lenders may require a general security agreement over business assets.
Typical scenarios

3 typical medical fitout finance scenarios

Medical fitout costs vary significantly by practice type, clinical specification, and location. Here is how the numbers typically look across three common project sizes.

GP practice
🩺
$280,000
Single GP consulting suite, 3 rooms, new premises
TypeStaged fitout loan
Term5 years
Rate (est.)7.9% p.a.
DepositNone required
Approval pathFull or low doc
Estimated monthly repayment
~$5,690
approximately $1,313 per week
New GP opening first practice
Staged drawdowns aligned to builder progress. Consulting rooms, reception, waiting area, and medical fitout funded together.
Specialist clinic
🔬
$580,000
Specialist rooms plus X-ray room with lead shielding
TypeStaged fitout loan
Term7 years
Rate (est.)7.9% p.a.
DepositNone required
Approval pathFull doc
Estimated monthly repayment
~$9,250
approximately $2,135 per week
Specialist opening new consulting rooms
X-ray room shielding and all clinical infrastructure funded under one facility. Medicare provider timeline factored into drawdown schedule.
Day surgery
🏥
$1,200,000
Day surgery fit-out including 2 operating theatres
TypeCommercial fitout facility
Term7 years
Rate (est.)7.5% p.a.
Deposit10%
Approval pathFull doc
Estimated monthly repayment
~$19,000
approximately $4,385 per week
Private day surgery or specialist group
Full theatre fit-out including laminar flow HVAC, medical gas reticulation, scrub rooms, and recovery. Specialist commercial health lender required.

Indicative repayments only. Actual rates depend on your profile, lender, and fitout scope.

Clinical zones vs support

Clinical zones versus support areas: cost split in medical fitouts

Medical fitout costs are driven by clinical compliance requirements. Understanding how your budget splits between clinical zones and support areas helps you finance the right amount and prioritise your specification decisions.

Clinical zones High compliance cost

Infection control and surface specificationsAll surfaces in clinical zones must meet infection control standards. This typically means seamless vinyl or epoxy flooring, coved skirting, specific wall finishes, and cabinetry with no horizontal surfaces where contamination can accumulate. These specifications cost significantly more than standard commercial finishes.
HVAC and air filtration requirementsClinical areas require HVAC systems designed to AS 1668 standards, with controlled air changes, pressure differentials between zones, and HEPA filtration in higher-risk areas. Theatre and procedure rooms require more demanding specifications again. HVAC is often the largest single line item in a medical fitout.
Medical gas reticulationPractices requiring piped oxygen, nitrous oxide, or medical air need certified medical gas reticulation installed by licensed medical gas plumbers. This is a specialist trade with a small number of practitioners, and lead times can affect your project program.
X-ray room shieldingAny consulting room with fixed X-ray equipment requires lead shielding to walls, floor, and ceiling. A radiation physicist must certify the shielding design before construction. This is often overlooked in early budget estimates and can add $30,000 to $80,000 to project cost.

Reception and support areas Standard commercial cost

Waiting areas and receptionWaiting room and reception fitout costs are closer to standard commercial rates. Good acoustic separation from clinical areas adds cost, but finishes and fixtures can be specified at a wider range of price points than clinical zones.
Consulting rooms without clinical fit-outStandard consulting rooms for psychiatry, psychology, occupational therapy, and similar non-procedural disciplines can be fitted out at significantly lower cost than rooms requiring clinical infrastructure. Finance amounts can be right-sized to reflect this split.
Administration and back of houseStaff rooms, storage, administration offices, and sterilisation rooms (other than the clinical fit-out components) are typically costed at standard commercial rates. Sterilisation room fit-out is the exception and carries specific bench, sink, and workflow requirements.
Technology and communicationsPractice management software, integrated call systems, patient display systems, and network infrastructure are commonly bundled into medical fitout finance. These are depreciable equipment items that can be included in the same facility as the construction works.
Fitout calculator

Estimate my repayment

Adjust the sliders to estimate your repayments. Speak with our team for an exact quote based on your profile.

Loan amount $400,000
Loan term 5 years
Interest rate 7.9% p.a.
Repayment frequency
Estimated repayment
$8,091
per month
Loan amount$400,000
Total interest$85,486
Total repayable$485,486
Number of repayments60
Get an exact quote →
Indicative only. Actual repayments vary based on lender, credit profile, and fees.
Tax benefits

Tax benefits of financing your medical fitout

Fitout finance has specific and favourable tax treatment. Structured correctly, the after-tax cost of your fitout is significantly lower than the headline price.

01
Depreciation on fitout assets
Once your fitout is complete, it becomes a depreciable asset on your business balance sheet. The ATO assigns effective life ratings to fitout components including flooring, partitioning, lighting, electrical fit-outs, and air conditioning. Depreciation reduces your taxable income annually.
02
Instant asset write-off for eligible businesses
Under current ATO temporary full expensing rules, eligible businesses may write off the full cost of fitout components in the year they are first used or installed. Your accountant should assess which components qualify and in which financial year the deduction is most beneficial.
03
Interest deductions on fitout loans
The interest component of your fitout loan repayments is deductible as a business expense across the full loan term. Combined with depreciation, the effective after-tax cost of your fitout is materially lower than the headline price.
04
GST on fitout costs is claimable
GST-registered businesses can claim the full GST component of fitout construction costs and equipment purchases on their BAS. On a $500,000 fitout that is over $45,000 back in your cash flow.
05
Capital works deductions under Division 43
For fitout work that constitutes structural improvements to a leased premises, a Division 43 capital works deduction may apply. Your accountant should assess the split between depreciable plant and equipment versus capital works to optimise your deduction strategy.
How to apply

Get your fitout funded in 4 steps

1

Submit your details

Fill in the quick form above with your business details, estimated fitout cost, and whether you have builder quotes in place. No credit check, no commitment. Takes about 2 minutes.

2

We compare lenders

A specialist matches you to commercial lenders from our panel of 50+ who offer fitout finance for medical practices, including lenders with specific experience in clinical fitout costs and compliance requirements.

3

Get pre-approved

Pre-approval in as little as 24 to 48 hours so you can proceed with your builder with confidence that your funding is in place before works commence.

4

Drawdown as works progress

As your builder completes milestones and issues progress claims, we coordinate the drawdown releases. You only pay interest on what has been drawn. On practical completion, your loan converts to a standard repayment schedule.

Get a free quote →
No credit check · No obligation · Australian team
FAQ

Medical fitout finance FAQ

Does medical fitout finance cover X-ray room shielding?+
Yes. Lead shielding for X-ray rooms is a specific and commonly underestimated cost in medical fitouts. It can be included in your fitout finance facility as a construction cost. A radiation physicist must certify the shielding design before works commence, and your lender will need to see this certification before releasing the relevant drawdown.
Can I include medical equipment in the same facility as my fitout?+
Yes. Examination chairs, patient monitors, ultrasound machines, and other clinical equipment can often be bundled into the same facility as the fitout construction costs. This gives you one loan, one repayment, and allows the equipment and fitout to be coordinated as one project.
How long does a medical fitout typically take to complete?+
Medical fitouts typically take 10 to 20 weeks depending on complexity. Practices with medical gas reticulation, X-ray shielding, or theatre-grade HVAC take longer due to specialist trades and certification requirements. Staged drawdown facilities are structured around your builder’s program and your specific project timeline.
Do I need to have a builder selected before applying?+
No, but having builder quotes in place speeds up approval significantly. You can apply for pre-approval before selecting a builder, and then proceed to formal approval once quotes are in hand. This allows you to negotiate with builders knowing your funding is effectively confirmed.
Can I finance a fitout for a new business with no trading history?+
Yes, though the pathway differs. New businesses and startups can access fitout finance through lenders who assess the strength of the business plan, the location, the lease terms, and often require a personal guarantee or additional security. EasyAsset works with lenders who specifically cater to new business fitouts.
What happens if the fitout costs more than expected?+
Overruns are common in construction. Most fitout finance facilities can be increased mid-project with a variation approval. It is important to notify your lender early if costs are tracking higher than the original quote rather than waiting until the final claim. We recommend including a contingency of 10 to 15% in your initial finance amount.
Can the landlord's fitout contribution be included in the finance arrangement?+
The landlord contribution typically reduces the total amount you need to borrow rather than being paid through the finance facility. Some lenders structure the facility net of the expected landlord contribution. Your solicitor and lender can advise on the best way to document the incentive in the context of your finance.
Ready to get started?

Get your medical fitout finance quote today

Free · No credit check · Pre-approval in 24 hours · Australian team

Get a free quote →