Estimate repayments for medical and dental procedures. Select your procedure type to pre-fill a typical cost, then adjust the loan amount, interest rate, term, and repayment frequency to see what your repayments could look like.
| Frequency | Repayment | Total interest | Total cost |
|---|---|---|---|
| Weekly | $109.80 | $2,129 | $17,129 |
| Fortnightly | $219.77 | $2,142 | $17,142 |
| Monthly(selected) | $477.00 | $2,172 | $17,172 |
Switching from monthly to weekly repayments could save you $43 in interest over the life of this loan.
| Procedure | Typical cost | Range |
|---|---|---|
| General(selected) | $15,000 | $5,000 - $50,000 |
| Dental (implants/orthodontics) | $8,000 | $3,000 - $30,000 |
| Cosmetic Surgery | $12,000 | $5,000 - $25,000 |
| IVF / Fertility | $15,000 | $8,000 - $30,000 |
| Laser Eye Surgery | $5,000 | $3,000 - $8,000 |
| Bariatric Surgery | $20,000 | $15,000 - $35,000 |
Select different procedure types to see how the typical cost affects your repayments. A dental procedure at $8,000 has very different repayments to bariatric surgery at $20,000.
Even a 2% difference in interest rate matters. On a $15,000 medical loan over 3 years, the difference between 7% and 9% is about $500 in total interest.
A shorter term means higher repayments but less total interest. A longer term makes repayments more manageable but increases the total cost. Find the balance that fits your budget.
Switching from monthly to fortnightly or weekly repayments can save you interest because the balance reduces faster. The comparison table shows all three side by side.
Lenders assess your ability to service the loan based on your income, existing debts, and living expenses. They want to see that repayments are affordable for you.
Your credit score and repayment history influence the rate you are offered. A stronger credit history generally means access to more competitive rates.
Medical loans are typically unsecured personal loans. Some lenders offer medical-specific products with streamlined approval if you can provide a treatment quote or invoice.
Lenders prefer applicants with stable employment. Most look for at least 3-6 months in your current role, though some lenders are flexible for contractors and self-employed borrowers.
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Subject to lender approval, terms and conditions apply.
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Yes. Personal loans are commonly used to fund elective procedures including cosmetic surgery, dental implants, IVF, and laser eye surgery. Options include standard personal loans, medical-specific finance products, and clinic payment plans. A broker-arranged personal loan often delivers a more competitive rate than in-clinic finance.
Interest rates vary by product type. Personal loans typically range from 7% to 14% p.a. depending on your credit profile and the lender. Clinic-arranged finance can be 10% to 18%. Some clinics offer interest-free plans at 0%, but these tend to have shorter repayment terms and administration fees that can make the total cost comparable to a low-rate personal loan.
Yes. Dental procedures are one of the most common uses for medical finance. Typical costs include implants ($3,000 to $6,000 per tooth), orthodontics ($6,000 to $9,000), veneers ($800 to $2,500 per tooth), and full-mouth rehabilitations ($20,000 to $50,000). A personal loan can cover any combination of dental treatments in a single application.
Some clinics offer 0% interest-free periods ranging from 6 to 24 months. These plans typically include administration fees and require the balance to be paid within the promotional period. Depending on the amount and term, a personal loan at 8% over 3 years may cost less overall than an interest-free plan with fees and a shorter repayment window.
Most medical-specific finance products require an invoice or treatment plan from your practitioner. However, standard personal loans may not require purpose verification, meaning you can apply based on the amount needed without providing a medical quote upfront.
Approval timelines depend on the finance type. Broker-arranged personal loans typically take 1 to 3 business days from application to settlement. Clinic-arranged finance can range from same-day approval to about 1 week, depending on the provider and the amount.
Results are estimates only and should not be relied upon for financial decisions. Actual medical loan repayments will depend on the lender, your credit profile, and the specific terms offered. Interest rates used are for illustration purposes only and may not reflect current market rates.
Subject to lender approval, terms and conditions apply.
This calculator is general information only and is not financial advice.