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.
See personal loans from 50+ lenders and find a rate that works for your procedure.
Subject to lender approval, terms and conditions apply.
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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.