Return to Blog

Need a medical loan but have bad credit?

A medical loan is a type of personal loan that you can use for any medical, dental, cosmetic, surgical treatment or healthcare expense.

At Fair Go Finance, you can apply for a medical loan and be funded up to $10,000 depending on your financial circumstances. It’s quick and easy.

For those struggling with a bad credit report, we understand finding a bad credit medical loan may be hard, which is why we also try and cater for these customers too.

What level of bad credit is acceptable?

We can help customers with certain levels of bad credit to obtain a medical loan. Firstly, we can consider the following types of bad credit;

*Please note that any loan defaults – (paid or unpaid) will need to be a minimum of 6 months old. We will also review how many loan enquiries you have made. If you have not made:

  • 3 or more enquiries within the last month or
  • 5 or more enquiries in the last 3 months or
  • 50 enquiries in total over the last 5 years

Then hopefully we will still be able to assist you. It is important to know that most lenders do not look favourably on applicants who shop around and apply at numerous places. If you are considering taking out a loan, make sure you research which lender suits your individual situation first. One of the worst things you can do is to fill out countless applications in the hope that one may work.

Is it hard to apply for a medical loan with Fair Go Finance?

No, not at Fair Go Finance. It’s quick and easy. You can apply for a medical loan right now with our online application form.

Assuming you are approved, you can use your medical loan to cover or spread the cost of any medical treatment or procedure or any health related like medical emergency, elective surgery or ongoing care.

How fast can I get a medical loan with Fair Go Finance?

If you complete our online application form, use our free bank statement service option and provide a few other required documents straight away, that is all you need to do. We will do the final assessment and we promise that the day we formally approve your loan will be the same day the money will be transferred into your account. We have helped thousands of Aussies and we certainly hope that we will be able to help you out too.

Is there anything else I should know about a medical loan?

A medical loan is really just another type of personal loan and it operates in the exact same way. It will have a set term, set payments and at Fair Go Finance your medical loan can be repaid early without being penalised by early repayment fees.

If you have any other questions about our medical loans, you are always welcome to contact us via our online chat service or call our customer service team. So, if you are in need of a medical loan today, with or without bad credit, please apply with us, we’re here and ready to help!

See what our customers are saying

Read all reviews

Are you eligible to apply?

  • I am 18 years or older
  • I have not entered into bankruptcy or part 9 agreement within the last 6 months
  • I am willing to provide my Bank Statements online
  • My income is not solely from Centrelink
Please note: Bank statements can only be submitted via our secure online service.