Loans as they should be
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Borrow up to $45,000 for a range of loan purposes
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Simple online application
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Loan terms from 12 to 60 months
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No early repayment fees
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Fast finance – funds typically disbursed within 24 hours of approval
Learn more about our medical loans
When unexpected health challenges arise, the financial pressure can create more stress than the medical issue itself. Having healthcare is always beneficial, however, elements that aren’t covered can catch people off guard. That’s where a medical loan from Rapid can help.
We provide fast, flexible finance to help you manage everything from emergency treatment to planned procedures – without delay.
Whether you’re dealing with out-of-pocket surgery costs, dental treatment, fertility support, or ongoing specialist care, a secured personal loan for medical expenses can offer peace of mind and financial breathing room. At Rapid, we make the process simple and fast, tailored to these unexpected circumstances – because you shouldn’t have to compromise on health.
Why Use a Personal Loan for Medical Expenses?
Medical costs are usually unpredictable – and often urgent. While health insurance, Medicare, or savings might cover some of your treatment, many Australians still find themselves out of pocket when it matters most. A personal loan for medical expenses offers immediate access to funds for critical or elective care, fixed repayments so you can budget with confidence, and flexibility to cover a wide range of treatments or services.
We understand that medical care can bring on extra stress financially and personally, so our personal loans are designed to give you peace of mind rather than waiting for insurance approvals.
Quick and Easy Medical Loan Application Process
We understand that when it comes to your health – or the health of a loved one – time is critical. That’s why we’ve made our medical loan application fast and hassle-free.
You can apply online at any hour of the day, which takes just minutes, and you’ll receive a response usually within one business day.
Here’s how it works:
- Apply online – complete your secure application in minutes
- Quick review – we’ll assess your loan based on your income and financial profile
- Provide your vehicle info – our loans are secured by your registered car
- Get approved – if eligible, your funds can be released quickly, usually within 24 hours if you’re granted approval
- Focus on your recovery – with fixed repayments and no early payout penalties
We’re here to make it easier. That’s why you will always know where you stand, and never be surprised by hidden fees.
Medical Loan Options
No two medical needs are the same – and that’s why we offer flexible medical loan options to suit a range of treatments and budgets. You can use a secured medical loan to cover costs like:
- Elective surgery
- Emergency procedures or hospital bills
- Dental surgery or orthodontics
- IVF or fertility treatments
- Counselling services
- Physiotherapy or rehabilitation
- Specialist consultations
- Health-related travel or accommodation
Rapid medical loans range from $2,001 to $45,000, with loan terms and repayment options tailored to your needs. Fixed interest rates mean your repayments stay the same throughout your loan, so there are no surprises down the track. Our loans are secured by your registered vehicle, and eligible borrowers can enjoy our personalised customer serviced, flexible repayment plans and fast disbursement of funds.
Am I Eligible for a Medical Loan?
If you need help managing medical expenses, you may be eligible for a Rapid medical loan if you:
- Are 18 years or older
- Are an Australian citizen or permanent resident
- Have regular income
- Can manage your loan repayments
- Own a registered vehicle that can be used as loan security
We know that sometimes health costs come during already stressful times – and we won’t automatically decline your application if you have a less-than-perfect credit history. Our team will review your full financial situation and look at more than just your credit score.
We are here to help Australians who need support that is fair and affordable, especially when they need it most.
What Documents are Needed to Apply for a Medical Loan?
To speed up your loan assessment, it’s helpful to have the following documents ready when you apply:
- A valid form of ID
- Proof of income
- Details of your current expenses and debts
- Information about the vehicle you will be using as security
Our online application process is designed to be as smooth as possible. Once we have your documents, we aim to finalise your loan decision quickly – so you can move forward with care, confidence, and peace of mind.
How It Works
1. Apply Online
Get started with our simple online application and be on your way in just a few clicks! Our secure online platform keeps your information safe.
2. We’ll Get In Touch
Your application will be reviewed and one of our friendly loan consultants will be in touch soon! We’re here to help.
3. Receive Funds
We take our commitment to being fast seriously! If you applied in the morning and were approved, your funds could be available the very same day.
Why go with Rapid for your loan?
Loans Tailored to You
Our auto and personal loan products were created with our customers in mind. We live in the real world too, so we created flexible loan solutions to suit most circumstances.
Quick and Easy Process
Our online application takes just minutes and our secure online portal allows you to upload your essential documents quickly and conveniently.
Personalised Service
Like everything at Rapid, we make sure dealing with our professional customer service representatives is straightforward and simple. We’re here for you!
Trusted Lender
We’ve funded loans for over 50,000 happy customers to make life happen. Our people are experienced, professional and understand that life isn’t always straightforward.
Explore Our Other Loan Types
Dental Loans
For when you want to smile big.
Vet Bill Loans
For the extra member of the family
Renovation Loans
For when the house needs a refresh
Travel Loans
For your next dream holiday
Medical loan questions
Who can apply for a medical loan?
Generally, most of the time lenders prefer if you’re working full time before you apply for a medical loan. However, even if you’re not working full time, you can still apply with Rapid if you are:
– A casual or part-time employee with 3+ months tenure
– Recipient of government benefits combined with wages
– A self-employed business owner or subcontractor
What do I need to apply for a loan?
Getting your documentation ready to support your application for a loan isn’t hard but there are three basic things we need to know:
– Your identity
– Your financial circumstances
– Your lifestyle
You can find out how it works before you start your online application so you can make sure you’ve got everything you need before you get into it.
What can I use a Rapid Loans medical loan for?
There are a few things you can use your Rapid Loans medical loan for:
Dental loans, including emergency procedures for a cracked tooth, important work like wisdom teeth removals or root canals, along with basic dental maintenance like hygienist appointments or standard checkups.
You can also use a medical loan for specialist appointments that aren’t covered by things like Medicare, or aren’t included in your insurance. You may also be eligible for the Chronic Disease Management program. If your condition is eligible to be a part of the program, you can receive up to five rebates per calendar year on part of the price of your specialist appointment. However, you’ll still need to pay a part of the cost from your own pocket, which is where a medical loan can offer the additional financial support you need.
If you don’t have ambulance cover, ambulance costs are only free for citizens of Tasmania and Queensland, so if you’re in another state you’ll be required to pay for this life saving service. If you’ve recently required an ambulance and now have a large bill that you can’t afford to pay, you can take out a medical loan with Rapid Loans and just pay it back over a period of time.
Another option you can apply for a medical loan for is cosmetic procedures. Many times cosmetic procedures are not urgent, but that doesn’t mean you have to wait to get yours done. Cosmetic procedures are often expensive and are rarely covered by Medicare. Medicare may only cover part of a cosmetic surgery’s costs if it’s to improve the function of a malformed body part or if it’s linked to an accidental injury.
If you want a cosmetic procedure but don’t have funds, you could have it done sooner by taking out a Rapid Loans medical loan.
How do I apply for a Rapid Loans medical loan?
The Rapid Loans medical loan online application is quick and easy. To make it more convenient for you, we’ve set up everything online so you can complete the process online from a computer or your phone. In just a few steps, your medical loan can be submitted. Before you start, you’ll need a few things:
- Gather your identity and financial documents.
- Read the “Your Privacy and the Provision of Credit” document.
- If you agree to the above document, click “Apply Now” on our website and fill out the online form. We ask only for the necessary information that we need to process your application.
- Wait for a phone call in just a few business hours from one of our friendly consultants. Our goal is to get back to you in less than 3 business hours.
We are professional lenders who are dedicated to responsible application assessment. This is why every lending application is carefully examined to make sure each of our clients are applying for a suitable loan for their medical needs and meet important affordability criteria. Then, our team will review your application. If you’re approved, you may even have the funds in your account within 24 hours but sometimes we can even arrange it within the same day.
What is a p.a. comparison rate?
The comparison rate gives you a true understanding of the cost of the loan per year. In addition to interest rate charged, it factors in the cost of fees and charges, repayment frequency, loan term and loan amount.
Do you charge early repayment fees?
No, Rapid Loans does not charge any fees for early payouts or additional repayments on top of the normal repayment schedule.
Do you offer fixed interest rates?
Yes, personal and car loans from Rapid Loans have a fixed interest rate outlined in your contract. This will vary depending on a number of factors such as borrower profile, loan product and principal amount.
Will the funds be available the same day?
We always aim to be as quick as possible with transferring funds to successful applicants. Depending on the time and day of the successful application, the funds may be available in the client’s bank account the same day or the next business day.