Medical loans for cosmetic or elective surgery. Apply for personal loans for medical procedures from $2,100 to $15,000. Apply today now.
Monzi is a lender-finding service. We do not offer financial advice. Consider seeking independent legal, financial, taxation or other advice to check how the information and ideas presented on this website relate to your unique circumstances.
What are medical loans?
Medical loans are personal loans used to pay for some medical expenses and procedures. Depending on your situation, you may be eligible for up to $15,000.
Certain medical procedures can quickly throw your budget off-track. After all, not every procedure will be covered by health insurance. Moreover, not every Australian will have private health cover.
You may, as a result, find yourself looking online for loans for medical procedures. Throw poor credit history in the mix, and your traditional finance options may be limited. This is where bad credit personal loans might come into play.
Apply on our site and we may be able to pair you with a money lender willing to consider your application.
What are loans for medical expenses?
Loans for medical expenses are personal loans designed to cover the costs associated with ongoing medical issues.
Medical expenses can include payments for things like:
- medical practitioners, nurses or chemists
- dental or orthodontists
- in-home carers
- medical aids
- artificial limbs, prosthetic eyes or hearing aids
- maintaining a guide dog
- nursing homes etc.
What are loans for medical procedures?
Loans for medical procedures are simply personal loans that cover the cost of a medical procedure. Generally, consumers use these medical loans to cover elective or cosmetic surgeries.
In other words, a personal loan may be an option for covering non-emergency procedures like:
- breast augmentation
- arm lift
- liposuction
- body contouring
- tummy tuck
- breast reduction
- nose job
- facelift
- etc.
Medical loans for weight loss surgery
Weight loss surgery involves a variety of procedures performed on obese people looking to lose weight. Often, however, these surgeries are not covered by health insurance.
People generally consider weight loss surgery for either health or cosmetic reasons. Cosmetic procedures include things like a tummy tuck or liposuction. On the other hand, bariatric surgeries involve altering and drastically restricting your digestive system; common examples include:
- gastric bypass
- lap band
- gastric sleeve
- gastric balloon
- duodenal switch.
Moreover, the total cost of your surgery will depend on your personal situation as well as your health insurer’s policies. For example, gastric bypass surgery may cost up to $6,000 with private health cover, and up to $18,000 without insurance.
Does Monzi offer medical loans?
Technically, we do not offer medical loans ourselves; however, we’ve built up a wide network of lenders that may be able to assist you.
Therefore, once you apply on our site, we try to match you with a potential credit provider. If successful, the lender will first assess you and provide an outcome.
The below table outlines just a few examples of the medical loans past Monzi customers went on to be approved for:
Medical loans | Amount (AUD) | Approved |
---|---|---|
Medical loans Australia | $3,000 | ✓ |
Loans for medical bills | $15,000 | ✓ |
Medical loans for weight loss surgery | $7,000 | ✓ |
Be aware, you are not guaranteed to be offered a loan. If you are, it may not refelect the above table.
Can you get a medical loan with bad credit?
Yes! As we mentioned above, Monzi works with lenders that may be able to consider your medical loans application, even if you need a loan as a bad credit borrower.
When you apply with Monzi, we ask you to enter your online banking details. Don’t stress – this isn’t anything dodgy. We simply ask for your details so the lenders in our network can get a better understanding of your current relationship with money.
Our system pulls read-only copies of the last 90 days of your bank statements. Monzi then passes this information onto a potential lender. Therefore, lenders can quickly get an understanding of your:
- income
- expenses
- spending and saving habits
- repayment history with other lenders.
What are interest-free medical loans for cosmetic surgery?
Interest-free medical loans for cosmetic surgery are medical loans that cover the cost of the procedure, and which the borrower only repays the principal.
These medical loans are not available through Monzi.
Each lender in our network will charge interest as well as other fees and charges on top of the loan principal. Therefore, interest-free medical loans are not available through Monzi’s lender-finder service.

How can I get a dental loan?
You can apply for a personal loan which you can, in turn, use on dental procedures and expenses.
Due to the non-critical nature of dental procedures, most dental is not covered by Medicare. Therefore, people without private health may need to look to alternative options.
Common dental procedures include:
- fillings
- teeth removal
- crown
- straightening
- alignment
- braces and retainers
- dentures
- etc.
Luckily, Monzi works with lenders that may be able to offer loans for dental.
What can I use Medical loans Australia for?
The great thing about personal loans is they can be used to cover most personal expenses. Moreover, a personal loan or medical loans for medical expenses can cover any costs associated with surgery or treatment.
Past Monzi clients have used their personal loans to cover:
- Surgery. Many past Monzi customers have used their funds to cover elective surgeries, as these are often not covered by Medicare.
- Appointments. Regular visits to your GP or specialist can quickly add up. Therefore, a personal loan may help you cover the cost of these visits, regardless of your insurer’s policy.
- Hospital costs. The cost of staying at a hospital can quickly snowball. After X-rays, MRIs, treatment and tests, your bill may add up quickly.
- Ongoing treatment. Your costs may continue to add up post-hospital. If you require ongoing medical supplies or equipment, a personal loan may be useful.
You can, in a nutshell, spend your money where you see fit. After all, nobody understands your unique situation better than yourself.
What credit score do I need for medical loans?
There is no minimum credit score required for a personal loan for medical bills. Rather, your credit score is simply one criterion lenders consider when assessing your application.
In other words, your credit history only plays one part of the assessment process. Lenders will also take into account your current:
- income
- expenses
- repayment history
- saving and spending habits.
As a result, you may be approved for a loan with bad credit because you’re earning a consistent income and have great repayment history with other lenders.
How can I apply for medical loans online?
You can apply for loans online through Monzi’s lender-finder service. In fact, our entire application process is 100% online.
In other words, you’re free to apply with Monzi as long as you have a device with an internet connection. It doesn’t matter if you’re still in your pyjamas or on the bus home from work; you can apply with Monzi.
In addition, our application is completely paperwork free.
Is it possible to get a loan without a credit check?
It may be possible to access no credit check loans; however, you are not guaranteed to be offered one through Monzi’s network of credit providers.
This is because a credit check is conducted at the discretion of the individual lender. Moreover, as each lender within our network is a completely separate company, we cannot speak on their behalf.
Why should I choose Monzi?
While we already think we’re the best lender-finder in the game, it’s you we’re trying to convince. So, here are just a few key reasons why past Monzi customers keep returning, time and time again.
It’s free
Obviously a major plus for most consumers; Monzi’s service is always completely free to use.
Consumers never pay a cent for our service, regardless of the outcome. In other words, Monzi is always free, regardless of whether we successfully match you with the lender of your dreams or not.
Easy medical loans application
Lodging an application on our website couldn’t be easier. See, our smart online loans system is streamlined and takes away a lot of the hassle of applying for finance online.
Crystal clear and above board
You can be sure every lender in our network is reputable and legitimate. Specifically, every lender we work with is fully-licenced by ASIC. Furthermore, every lender takes its responsible lending objectives seriously.
In addition, all the rates, fees and terms associated with your loan will be included in your loan contract. If you’re unhappy with anything included in the contract, you are under no obligation to approve what’s offered to you.
Bad credit? No dramas
Monzi works with lenders that live in the real world. Therefore, they realise a few missed payments or defaults from your past do not paint the whole picture.
That’s why the lenders in our network assess every application on a case-by-case basis. Furthermore, our system pulls copies of your bank statements, allowing lenders to quickly get an understanding of your current relationship with money.