HECS/HELP Debt
Reduces borrowing capacity for most — but not for medicos under our policy.
What is HECS/HELP Debt?
HECS (now HELP) is Australia's federal student loan program. Repayments are made automatically through the tax system when your income exceeds the threshold — ranging from 1% to 10% of income depending on earnings.
Why it matters for you
Most lenders treat HECS as a hard expense — reducing borrowing capacity by $80K–$120K on a $100K salary. Under Wity's medico policy, HECS can be excluded entirely from the serviceability assessment, restoring that borrowing capacity. A significant benefit for medical and allied health professionals.