See how a Jacaranda Finance Personal Loan can help you.
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
Medical costs can be highly expensive, even if you have private health cover. Thanks to Australia's world-leading healthcare system, most emergency surgeries won't cost you out of your own pocket.
However, you may face a time when you do have to pay for your medical needs, from smaller payments to larger, more important surgeries. Rather than worrying about withdrawing from your hard-earned savings to cover your medical bills, focus on your health and apply for a quick medical loan from Jacaranda Finance.
A medical loan is no different than any other personal loan: it's just a loan you use to pay for medical expenses, which you can specify in your application. These loans can be unsecured but you can also take out a secured medical loan by using an asset you own (such as a car) as security.
Jacaranda Finance's medical loans are one of top 10 most common reasons people apply for a loan with us, alongside loans for dental expenses. We offer medical loans from $3,000 all the way up to $25,000, with manageable repayments spread out up to as long as 36 months. Our interest rates are fixed as well, so you'll always know what you owe and where you stand.
As a 100% online lender, there's no hefty paperwork or long lines with us. Instead, we utilise state-of-the-art technology that allows you to:
Need a medical loan for a furry friend instead? Check out how our vet bill loans could help you!
Did you know that in 2022, the number of Australians delaying or avoiding medical treatment soared by nearly 50% due to cost? That's according to a report from the Productivity Commission, which also revealed that it has never been harder or more expensive to see a doctor and seek medical treatment.
Taking care of our health is becoming increasingly expensive, but it's often not something we can opt out of. That's where Jacaranda Finance comes in. You can use a medical personal loan to cover any medical expenses you would prefer not to pay for outright.
Here are just a few of the most common reasons we receive medical loan applications.
Whether you should have private health insurance or not depends on your situation. It can definitely help with certain medical costs and treatments depending on what you're covered for, and it also allows you to skip waiting in line and to choose your own doctor in a private room. But it can also be costly to have a policy on an ongoing basis, and not everything is covered by private health.
For a detailed breakdown on the pros, cons and costs of both private health insurance and Medicare, see our article on whether you need health insurance.
Our loans are designed to be fast, fair, and, above all, affordable, with no hidden fees. See the table below for a quick guide to our charges, or visit our fees page to learn more. For detailed information about who our products are designed for, please review our Target Market Determinations.
Am I eligible for a Loan with Jacaranda Finance?
You must meet the following basic eligibility criteria before submitting an application:
A personal loan is a fixed-term loan that allows you to borrow a set amount of money and repay it through regular instalments. Our online application process is designed to be fast and straightforward. Repayments remain consistent throughout the loan term so you can plan your budget with confidence.
Applying is Quick & Easy
Ready to get started? Apply now.
By submitting a full application for a personal loan, you are authorising a hard credit check. This means that other lenders will be able to see that you applied for a loan and could impact your credit score. Before you submit a full application with Jacaranda Finance, you can check if you qualify with no impact on your credit score*. This is called a soft credit check, and is only visible on your credit report to you.
How to check if you qualify for a secured personal loan?
If you’re considering applying for a loan with Jacaranda Finance, you can check if you qualify with no impact on your credit score*.
No, checking if you qualify uses a “soft” credit check meaning it does not impact your credit score or appear on your credit file to anyone but you. We recommend checking your eligibility before applying for a loan where possible to reduce the number of applications on your credit report.
To be assessed for a loan from Jacaranda Finance, you must meet the following basic eligibility criteria:
If you are unsure whether you’re eligible, you can check if you qualify with no impact on your credit score*.
We offer two main products at Jacaranda Finance:
For detailed information about who our products are designed for, please review our Target Market Determinations. Our Loan Repayment Calculator and our guide to Jacaranda Finance’s interest rates & fees could help you to predict your repayments before applying.
Using our loan repayment calculator you can estimate your repayments before applying.
Missed Payment Fees
For every missed payment, a fee will be applied. This cost is added to the account balance and can be paid with the next repayment cycle. If you’re concerned you’ll miss a repayment before the next due date, please contact our customer support team as soon as possible.
You can pay your loan back at any time at no extra cost. That means no early exit or payout fees.
Once you’ve been approved and have accepted your loan contract, we’ll automatically attempt to release the money to your account. Most customers get paid in 60 seconds3.
$3,000 - $25,000
