Compare Medical Loans from 50+ Australian Lenders
Cover procedures, treatment gaps, dental, fertility, cosmetic, rehab and more—with clear, fixed repayments.
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Care Without the Cash Crunch
Finance health costs with fast decisions, fair terms and repayments that fit your budget.
Borrowing Range
Typical amounts $2,000 to $50,000+
Fixed Repayments
1 to 7 year terms for certainty
Fast Approvals
Same-day outcomes possible for complete files
Secured or Unsecured
Choose flexibility or sharper pricing with security
Direct-to-Provider
Pay clinics or specialists at settlement if needed
Any Medical Purpose
Elective or essential care, dental, fertility, rehab
How it works
We match your profile to lenders that fund medical and dental procedures—quickly and fairly.
Apply online in 3 minutes
Share your details, treatment type and budget. No lengthy forms.
See matched options
Compare secured vs unsecured, terms, fees and comparison rates.
Upload documents
Provide ID, income evidence and bank statements for assessment.
Settle & pay providers
Funds to you or directly to clinics, dentists or specialists.
Backed by over 50+ lenders
Giving you the best chance of being approved.
A quick guide to medical loans
Medical loans are personal loans used to cover out-of-pocket healthcare costs—whether essential or elective. They spread expenses for surgery, dental work, fertility treatments, vision care, rehabilitation and more into predictable repayments. Pricing is risk-based and depends on your credit profile, income and requested amount.
You can opt for unsecured loans for speed and flexibility, or secured loans (e.g., using a car) to access sharper pricing or higher limits. Comparing offers and checking the comparison rate ensures you understand total cost before committing.
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Jump to the section that best fits what you need.
Types of medical loans
Pick a structure that suits your treatment timing and budget:
What can I use a medical loan for?
Medical loans cover a wide range of healthcare needs in Australia, from essentials to elective procedures:
Surgery & Hospital Gaps
Pay hospital excesses and procedure gaps not fully covered by Medicare or private health. Keep treatment timelines on track without draining savings.
Dental & Orthodontics
Finance implants, crowns, root canal, wisdom teeth removal, Invisalign and veneers. Bundle multiple treatments into one fixed repayment.
Fertility & IVF
Cover IVF cycles, egg freezing, genetic testing and related medications. Predictable repayments help plan for multiple stages of treatment.
Cosmetic & Reconstructive
From rhinoplasty to breast reconstruction or liposuction, fund procedures that improve confidence or follow medical recommendations.
Vision & Hearing
LASIK, cataract gaps, specialty lenses, hearing aids and audiology support—financed with clear terms and fixed instalments.
Rehab, Physio & Mental Health
Support ongoing therapy after injury or surgery, psychology and psychiatry services, or intensive outpatient programs with steady repayments.
Medications & Devices
High-cost prescriptions, injectables, CPAP machines, mobility aids and at-home medical equipment can be included in one facility.
Travel & Accommodation for Treatment
When you need to travel for specialist care, include flights and stays so access to treatment isn’t delayed.
Case Study
Alana & Chris
IVF funded without delaying care
Challenge: Facing upfront IVF costs not fully covered by insurance.
Solution: Unsecured medical loan over 4 years with direct clinic payments.
Alana and Chris in Melbourne needed to begin IVF quickly but were short on up-front funds for medications and the first cycle. Through Emu Money, they compared matched options and chose an unsecured medical loan with fixed repayments and no monthly fee. Funds were paid directly to their clinic and pharmacy, letting them start immediately while keeping a predictable budget.
How much can I borrow with a medical loan?
Typical loan sizes range from $2,000 to $50,000+, depending on the procedure, income stability and overall commitments. Secured loans may allow higher limits and sharper pricing; unsecured prioritises speed and flexibility. Lenders review recent bank-statement conduct and serviceability to set a suitable maximum so repayments remain manageable.
Medical Loan Repayment Calculator
Estimate repayments before you apply. Adjust amount, term and rate to see how it fits your budget.
Balance over time
Am I eligible for a medical loan?
Eligibility focuses on affordability, income stability and a clear plan for the funds (e.g., quotes or treatment plans). Stronger profiles and secured options can unlock sharper pricing. Clean recent bank-statement conduct improves approval odds.
You may be eligible if you are:
An Australian resident aged 18+
Employed, self-employed or receiving acceptable income
Able to demonstrate serviceability via bank statements
Meeting minimum credit criteria (score/history)
Borrowing for a legitimate medical or dental purpose
How to apply for a medical loan?
Complete a quick online application and upload documents. We’ll compare offers across secured vs unsecured and coordinate settlement to you or directly to your provider so treatment isn’t delayed.
Documents you may need:
Photo ID (driver’s licence or passport)
Recent bank statements (3–6 months)
Payslips or income evidence (or tax returns if self-employed)
Quotes, treatment plan or invoices
Asset details if offering security
How to save money on a medical loan
Compare more than just the headline rate—fees and the comparison rate influence the true cost. Shorter terms reduce total interest, while longer terms lower monthly outgoings. If your provider allows staged payments, draw down only what you need. Consider secured options for sharper pricing if appropriate, and check early-repayment policies so you can pay it off faster without penalty.
Example: Term impact — $15,000 at 12.49% p.a. (approx.):
| Term | Approx. Monthly Repayment | Total Interest (approx.) |
|---|---|---|
3 years (36 mths) | $501 | $3,036 |
4 years (48 mths) | $397 | $3,996 |
5 years (60 mths) | $336 | $5,160 |
Understanding medical loan options
Structure and features affect flexibility and cost. Here are key options to consider:
Secured vs Unsecured Loans
Secured loans (often against a car) may allow larger amounts and sharper rates but put the asset at risk if repayments are missed. Unsecured loans are faster and more flexible, usually at higher rates.
Fixed vs Variable Rates
Fixed rates provide certainty over the whole term. Variable rates can change with the market and may save money if rates fall—but could rise.
Direct-to-Provider Payment
Some lenders pay clinics or pharmacies directly at settlement. This prevents delays and ensures funds are used for treatment as intended.
Staged Drawdowns
For multi-step treatments, staged drawdowns let you access funds as invoices arise, helping reduce interest on unused amounts.
Early Repayment Flexibility
Look for extra repayments and early payout with low or no penalty so you can clear the balance sooner and save on interest.
Rate-for-Risk Pricing
Sharper pricing is offered to stronger profiles. Improving bank-statement conduct and reducing other debts before applying can help.
Testimonials
Verified Review
I would like to highly recommend Eujin from Emu Money for the excellent service provided during my loan process. His guidance, professionalism, and clear communication made the entire experience smooth and stress-free. I truly appreciate his support and would confidently recommend Emu Money to anyone seeking loan assistance.
Chathushka H.
Verified Review
I made an enquiry with emu money and within 30 minute's, I had Ryan call me. He got the ball going straight away, and made everything so easy and was always keeping me updated with texts. I can not recommend this guy enough! Thanks again Ryan!
Ruairi M.
Verified Review
I couldn't be happier with the service I received! Robyn made the whole car finance process so simple and stress free. She explained everything clearly, kept me updated the whole way through, and went above and beyond to find me the best deal. I honestly didn't think it would be this smooth, but she took care of all the hard work and I was in my new car before I knew it. Highly recommend to anyone looking for finance.
harry b.
Verified Review
I had an amazing experience with Wendy Fonseka from Emu Money! Wendy guided me through the refinancing of my personal loan, helping me secure a much better interest rate and significantly lower repayments. Her efficiency, reliability, and professionalism were outstanding every step of the way. I'm incredibly grateful for her support and can't recommend her highly enough. I'll definitely be spreading the word to friends and family—thank you, Wendy!
Raam G.
Verified Review
What a great bloke to deal with... Thank you Brad for all your help and making our dream a reality. We will be contacting you again shortly.
John Z.
Verified Review
We have received a tremendous service from Geetu and team they have helped us smoothly in getting the loan approved. I will definitely recommend to my friends and family.
Kiranjit K.
Frequently Asked Questions
Medical Loan FAQs
These helpful FAQs will help you find the answers you need. If you can't find what you're looking for, you can request a callback below.
