Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $12,389.76. WARNING: This comparison rate is valid only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 14.49% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 11.42% (14.49% comparison rate) with a maximum of 21.24% (45.56% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months. For more details and examples visit our rates and fees page.

Need money to cover medical bills?

If you require an urgent medical procedure or wish to fund a cosmetic surgery you have been wanting, you can access an easy medical loan from Jacaranda Finance. Medical costs can be highly expensive, even if you have private health cover. Rather than worrying about sourcing money to cover your medical bills, worry about your health; consider quick medical loans from Jacaranda Finance to alleviate some of your stresses.

 

Why choose Jacaranda for medical loans?

Jacaranda Finance is an online lender which allows us to deliver fast and efficient services to all of our clients. We are an award-winning lender specialising in delivering quick loan outcomes; we were the first lender in Australia to deliver a 60-second payout. We endeavour to process loans within 60-minutes2 and support instant transfers on approval.

  • 100% Online
  • Quick and Easy
  • $2,500 – $15,000
  • Inclusive Lender
  • 60-Minute Outcomes2
  • Bad Credit OK

Get your cash in 60-seconds once approved3

Medical loans Australia

Loans for medical bills are a type of personal loan designed to specifically cover medical expenses. Whether you require medical loans for cosmetic surgery or a medical emergency loan, Jacaranda Finance will have a personal loan option to suit your needs. We offer two types of loans: medium loans, and large loans.

Our medium and large loan types are secured medical loans. This means that an asset must be attached to the loan as security for the lender; you can use either a car, motorbike, or caravan as collateral. If you would like more information about our personal loan fees and charges, please refer to our costs page.

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Medium Loan

Security Options: Secured and Unsecured
Loan Amount: $2,500 to $4,600
Loan Term: 9 to 24 months

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Large Loan

Security Options: Secured and Unsecured
Loan Amount: $5,000 to $15,000
Loan Term: 9 to 24 months

How Jacaranda’s medical loans work

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Our tech

We’ve won numerous awards for our state-of-the-art technology. We have created one of Australia’s smartest, 100% online application processes to make applying for a loan quick and easy. We use technology to understand your personal financial position, and we don’t just judge your credit score, which is why we’re able to help more customers that apply with us.

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Our speed

The 100% online application can be completed in minutes, and will ask you questions about your personal situation as well as automatically request access to read-only copies of your bank statements. 90% of applications have an outcome at the end of the process. The rest of the applicants typically have an outcome within 60-minutes during normal business hours.

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Australian-based and family-owned

All of our teams are based in Australia to help Australians. We have one of the best customer service reputations in Australia, which is backed up by our reviews on every review platform. We’re almost 10 years old and we’ve been family-owned since the beginning. We value good old-fashioned values and we are committed to giving our customers the best experience possible.

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60-second payouts

For most clients who have NPP-enabled bank accounts (which is 90% of bank accounts), the funds will be available and ready to use in your bank account within 60-seconds of accepting your contract. If you do not have an NPP-enabled bank, you will receive your funds overnight on the day you are approved.

How do I get approved?

Start the application process
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Apply online, it’s simple and easy

Submit an application via our 100% online application. This could take you as little as 8 mins 1 to complete. Most applicants have an outcome from their application within 60 minutes2.

applications
Accept your contract & we release your money instantly

Once you digitally sign your contract, we’ll release your money instantly3. Most clients have their money in their bank account and ready to use straight away (even on weekends).

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Manage your account effortlessly

Through our customer portal, you can manage your loan and repayments with ease. Check balances, make extra repayments and payout your loan early at the click of a button.

iPhone
Apply online, it’s simple and easy

Submit an application via our 100% online application. This could take you as little as 8 mins 1 to complete. Most applicants have an outcome from their application within 60 minutes2.

applications
Accept your contract & we release your money instantly

Once you digitally sign your contract, we’ll release your money instantly3. Most clients have their money in their bank account and ready to use straight away (even on weekends).

money
Manage your account effortlessly

Through our customer portal, you can manage your loan and repayments with ease. Check balances, make extra repayments and payout your loan early at the click of a button.

Over 4,800 Reviews On Trusted Platforms

Sometimes we offer customers incentives encouraging an honest review be it negative or positive based on their experience. It is possible that some reviews were written by customers who received a reward.

Last updated: 03/05/2022

Super easy and fast system, applying was seamless and money was instant!

Shaan Johari – GOOGLE REVIEW

Jacaranda is always helpful, wonderful customer service every time. Contact is easy and quick.

naomie falconer – GOOGLE REVIEW

Brilliant service and quick action during application process the best there can be when it comes to quick loans.

Nathan Ross – GOOGLE REVIEW

It is easy to apply online, fast, reliable and they will try to help you as much as they can. I can recommend it to my friends and relatives. Thank you very much.

Dianita Miguel – GOOGLE REVIEW

Excellent service once again from Jacaranda. Great improvements to the application process, very easy & efficient.

Jim Mccullough – GOOGLE REVIEW

Excellent 5 STAR customer service and always available with a quick response. Very happy with advice and the fantastic service provided. Quick, hassle free and easy. Thank you.

Brendan Lau88 – GOOGLE REVIEW
 

Eligibility criteria

Our applicants must meet the standard eligibility criteria stated below so that we can process their application. Please ensure that you can say ‘yes’ to the following:

  • You are at least 18 years old
  • You are an Australian citizen or permanent resident
  • You have had a consistent income into your bank account for at least 90 days
  • You have a mobile phone number and email address
  • You have internet banking set up

Supporting documents required

We also require supporting documents to be submitted along with your application. Please ensure that you provide the following documents to receive the fastest possible loan outcome:

  • 100 points of identification
  • The reason for your loan
  • Your basic personal information (name, date of birth, address etc.)
  • Your online banking login details
  • Your myGov login details (if you receive Centrelink benefits)

What can I use a medical loan online for?

You can use a medical personal loan to cover any medical expenses you cannot afford outright. However, you will need to let us know the medical bills you will be covering in your online application form. These are some of the most common reasons we receive medical loan applications:

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Dental expenses
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Elective surgery

Surgery patients need, but don’t need to be done right away

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Constructive surgery

Knee reconstruction, hip replacement etc.

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Cosmetic surgery

Facial cyst removal, liposuction, rhinoplasty, breast augmentation etc.

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Urgent or emergency surgery

Urgent, possibly life-threatening medical conditions, serious injuries from an accident, acute appendicitis

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Laser eye surgery
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Non-surgical procedures

Blood tests, x-rays, MRIs, physical therapies

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Specialist appointments

Gastroenterologist, dermatologist, cardiovascular surgeon consultations etc.

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Medicines
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Rehabilitation

Physiotherapy, occupational therapy, speech pathology etc.

Medical loans for bad credit

Searching ‘how to get a medical loan for surgery’, but worried your credit score may stop you? Jacaranda Finance is an online lender; this allows us to be more lenient in our credit requirements than traditional lenders. We offer bad credit personal loans to eligible applicants that meet our lending requirements. We conduct a thorough financial assessment on each of our applicants by utilising current bank statements. If we find that an applicant can reasonably manage their loan repayments, even with a bad credit history, we may be able to provide them with a medical loan.

We follow the responsible lending guidelines set by ASIC and therefore must still conduct credit checks on all of our applications. However, a bad credit score will not stop you from accessing medical finance from Jacaranda Finance. We are a financially inclusive lender; we put more focus on your ability to repay your loan currently, rather than your past.

Health Insurance in Australia

Private health insurance in Australia is ‘community rated’; this means everyone can purchase the same product at the same price (excluding Lifetime Health Cover and Age-based discounts). A health insurer cannot refuse you any cover you wish to purchase. When looking into purchasing private health, here are some things you may wish to consider:

What does your plan cover?

Medicare covers most Australians for some health care; typically, you are either fully covered or are charged a gap fee. However, Medicare doesn’t cover everything so you may choose to take out private health insurance to give yourself comprehensive cover.

How does your plan operate?

There are two main categories of cover: hospital and general treatment cover. You can buy combined policies for both categories or separately.

Are you immediately covered for pre-existing conditions?

If you are purchasing health insurance with a pre-existing medical condition, you should check with your provider whether you are covered straight away. Your health insurance provider may require you to wait a twelve-month waiting period before you are covered.

What government surcharges or incentives may affect your insurance?

The Private Health Insurance Rebate, Lifetime Health Cover rules and Age-based discount affect how much you pay for private health insurance. The Medicare Levy Surcharge also affects people earning above a predetermined threshold who don’t hold private hospital cover.

How does Medicare work?

Medicare is an affordable, accessible and high-quality health care system offered to most Australian residents. You can get a Medicare card if you live in Australia or Norfolk Island and meet certain criteria. You may be eligible for Medicare if you are here from another country, but limitations may apply.

Over 4,800 Reviews On Trusted Platforms

Sometimes we offer customers incentives encouraging an honest review be it negative or positive based on their experience. It is possible that some reviews were written by customers who received a reward.

Last updated: 03/05/2022

Super easy and fast system, applying was seamless and money was instant!

Shaan Johari – GOOGLE REVIEW

Jacaranda is always helpful, wonderful customer service every time. Contact is easy and quick.

naomie falconer – GOOGLE REVIEW

Brilliant service and quick action during application process the best there can be when it comes to quick loans.

Nathan Ross – GOOGLE REVIEW

It is easy to apply online, fast, reliable and they will try to help you as much as they can. I can recommend it to my friends and relatives. Thank you very much.

Dianita Miguel – GOOGLE REVIEW

Excellent service once again from Jacaranda. Great improvements to the application process, very easy & efficient.

Jim Mccullough – GOOGLE REVIEW

Excellent 5 STAR customer service and always available with a quick response. Very happy with advice and the fantastic service provided. Quick, hassle free and easy. Thank you.

Brendan Lau88 – GOOGLE REVIEW
 

Frequently Asked Questions

Need a hand?
24hr loan processing.

Jacaranda is 100% online. So, we do not accept applications over-the-phone. However, if you need some help navigating what the best loan is for you, our friendly team is more than happy to answer any questions you may have.