Some Healthy Customer Reviews
Medical Loans1 - up to $30,000
Money3 may be able to assist with your medical, cosmetic or dental expenses with a medical loan.
Whether the procedure you are considering is urgent and unexpected or elective and cosmetic; most medical and dental procedures are expensive and often unplanned. If you are in receipt of benefits1 or have had some form of bad credit1 in the past, then getting your loan approved may make the whole process even more difficult - elsewhere!
Hospital bills, IVF, laser eye surgery, plastic surgery, implants, root canals, dental crows, braces and many more procedures can be huge expenses and require loans in order to proceed.
- Dental Expenses - root canal treatment, dental crowns, braces, fillings
- Hospital Bills & Travel Costs
- Laser Eye Surgery
- Plastic Surgery
- Medication
- Consultation
- IVF
Money3 likes to 'give everyone a fair go', so even if you have been knocked back by other lenders, we'll review your application afresh. The easiest way to get started is to apply online right now by completing the short form above. We'll then be able to get back to you and go through how everything works.
1. Subject to verification, suitability and affordability
Example Medical Loans Costs Chart
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,110 | $7,110 |
| 24 months at 16.95% APR & 37.39% Comparison Rate | ||
| $7,500 | $5,042 | $12,542 |
| 36 months at 16.95% APR & 37.39% Comparison Rate | ||
| $10,000 | $6,427 | $16,247 |
| 48 months at 16.95% APR & 35.44% Comparison Rate | ||
EXAMPLE: A platinum unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,109.60 and a total repayment of $7,109.60. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 16.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 37.39%.
EXAMPLE: A platinum secured personal loan of $25,000 for 60 months has fees and charges totalling $14,850.43 and a total repayment of $39,850.43. The Minimum loan term is 24 months and the Maximum term 60 months. The term will be 60 months if you repay monthly, 130 fortnights or 260 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 20.38%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Australian Credit Licence 389067.
Medical Loan FAQs
A medical loan from Money3 can be used to cover a wide range of medical expenses. This includes costs associated with elective surgeries, dental procedures, fertility treatments, cosmetic surgeries, medication, and even unexpected medical emergencies. You can also use a medical loan for related expenses such as medical equipment, rehabilitation, and specialist consultations. Essentially, if you have a medical-related cost that isn’t covered by insurance or if you need help bridging the gap, a medical loan can provide the necessary funds.
Yes it can1. We understand that the cost of many elective procedures can be much cheaper overseas. The loan could cover some or all of your costs from flights, accommodation, treatment, consultation and medication.
With Money3, you can apply for a medical loan of up to $30,000. The exact amount you are eligible for will depend on your financial situation, including your income, expenses and credit history. Our loans are designed to be flexible, so whether you need a small loan for minor expenses or a larger amount for more significant medical costs, we can work with you to find a solution that fits your needs.
At Money3, we offer flexible repayment terms for medical loans, allowing you to choose a term that suits your financial situation. You can repay your loan over a period of 2 to 5 years. The length of your repayment term will affect your monthly payment amount, so in most cases the larger the loan amount, the longer the loan term will be.
If you have a medical invoice or quote that will help speed up your application, but it is not necessary in order to get pre-approved with Money3. If you want to find out how much you could borrow first, before researching treatment and comparing costs, apply online for your pre-approval quote. We will generally need some proof such as a quote or invoice later, before we can settle your loan.
The amount you apply for isn't always the amount your loan may be approved for. Even then the amount you are approved for may be more than you need. When you know how much your treatment is likely to cost, we can finalise your loan contract, so you are not borrowing more than you need.
Yes you could1. Your weekly income must be over $480 and could come from either benefits, earnings or both. See Loans on Centrelink.
Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer medical loans to customers receiving benefit payments.
Yes, we may be able to help either before or after treatment1. If you already have a medical bill, we may need to see that as part of your application. Our customer service staff may request this, once you have completed your online application.
Yes, you could1. With Money3, we will consider your application for medical treatment or expenses even with a bad credit history.
Yes, you can make early repayments on your medical loan with Money3 without any penalty. We understand that you may want to pay off your loan sooner than planned, and we encourage this by not charging any fees for early repayment. This allows you to reduce the overall interest you pay and become debt-free faster.
1. Subject to verification, suitability and affordability
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments
More personal loan options for you to check out
Emergency Loans
Got a problem that needs fixing fast? Our emergency loans up to $30,000 could be used for unexpected bills, repairs, medical or dental work, vet feed and more.
Fast Cash Loans
If you need to borrow money fast, our cash loans up to $30,000 could be the solution. Fast application and often funded in 24 to 48 hours.
Bad Credit Loans
At Money3, we'll give you a fair go - even if you have had credit problems in the past. We'll look at your income and expenses to work out whether the loan is affordable for you.
Single Parent Loans
As a single parent, Money3 will consider your application as long as your income, either from earnings or Centrelink* is $2,080 a month or more.
Personal Loan Calculator
Get an idea of your weekly, fortnightly or monthly repayments as you adjust your loan amount in our simple to use personal loan calculator.
Holiday Loans
Need to take a break? Get a holiday loan for up to $30,000 to cover all kinds of expenses from flights and hotels to transport and spending money.
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments
