Medical loanS
Money when you need it most
Personalised rates from 5.35%¹
(comparison rate 6.14%)²
Our latest awards
Help yourself or loved ones with a medical expenses loan
Whether you need help paying a dental bill or a surgery loan, our medical loans are personalised to your needs.
NO DELAYS
If your medical expenses loan is approved and you accept the loan terms, you should receive your money within 24 hours.
NO HIDDEN COSTS
We’re upfront about costs and fees, so you can rest assured knowing how much your loan will cost.
LOWER RISK
Our medical expenses loans are unsecured. That means we don’t need you to secure your loan with an asset as collateral.
What our customers say
Better that the main banks Australia
Easy website to use, very accomodating.
No stress
I've been with Harmoney for 6 mths and the experience has been awesome. I just topped, and again the experience was awesome Australia
Fast and affordable Australia
Simple, 100% online
Step 1. Get to know you
Tell us how much you need for medical expenses. We also need to confirm your details and your finances.
Step 2. Get your loan terms
You’ll receive a quote for your medical expenses loan that includes all the details.
Step 3. Get your money
Send some final details after accepting the quote and your money will normally arrive within 24 hours.
What we offer
$2K - $50K
Loan limits
3 or 5 years
Loan terms
$275 or $575
Establishment fee
$0
Early repayment fee
- All loans are unsecured
- Rates from 5.35%¹ (comparison rate 6.14%²)
- Your rate is fixed for the life of the loan
- Establishment fee of $275 for loans under $5,000 ³
- Establishment fee of $575 for loans $5,000and over ³
- No monthly account keeping or early repayment fees
- You can repay weekly, fortnightly or monthly
Quick medical loan estimate
Try our loan calculator for an idea of the interest and repayments you could pay on a medical or surgery loan.
Common medical loan questions
View moreCan anyone apply for a medical expenses loan?
To be eligible to apply for a medical loan in Australia, you should:
Be aged 18 or older
Be an Australian citizen or Permanent Resident or a New Zealand citizen
Show proof of full-time or permanent part-time employment
Show proof of identity, such as a passport or Australian driver’s licence
Have a clear credit file without any defaults, judgments or bankruptcies
Need to borrow at least $2,000 with your loan
To be eligible to apply for a medical loan in New Zealand, you should:
Be aged 18 or older
Be a New Zealand citizen or Permanent Resident
Have a stable income
The conditions for medical expenses loans on Harmoney are the same as for most of our personal loans. We’ll tell you what documents you need to provide during your simple online application.
What can I use a medical loan for?
A medical expenses loan can help to cover your medical bills as well as other costs related to your treatment and recovery, from medication to travel, or living costs if you’re taking time off work.
Medical loans from Harmoney aren’t tied to a specific health issue or health care provider, so you can borrow money for a dental loan, cosmetic surgery loan or any other purpose.
Can I combine my loan with my health insurance?
If you can use your health insurance to pay some of your medical expenses, that could mean you don’t need to borrow as much on a loan, which will make repayment easier. Check with your health fund provider if you’re not sure what’s covered.
Do I need to use a certain health provider?
No, Harmoney medical loans are not tied to any specific medical provider or insurer. You’re free to use any private or public health service you choose, just let us know your plans when you apply for your loan.
Can I increase an existing loan?
If you need more money, you might be able to top up an existing Harmoney loan (if you’ve been making repayments for 6 months already) or you might consider a refinancing option such as debt consolidation.
Read our Top Up guide to find out if you’re eligible.
What happens if I there are changes to my financial circumstances?
If you’re finding it challenging to keep up with your repayments as planned, due to illness, loss of employment or other circumstances, talk to us. There are options and you may qualify for unforeseen hardship. The key thing is to get in touch early so we can work through it together.
Don’t let money be a worry
With a medical expenses loan covering costs, you can concentrate on recovery.
100% ONLINE – 24/7
Our online application process can be completed in minutes.
NO EARLY REPAYMENT PENALTY
If you’re able to pay back your medical loan early, there are no extra fees.
PERSONALISED RATE
Your individual interest rate is worked out based on your credit assessment.
About medical expenses loans
Whether a medical emergency’s come out of the blue or there’s a treatment you don’t want to delay, a medical expenses loan can be a valuable lifeline.
When you’re comparing medical loans, you need to be sure that the one you choose suits your circumstances and covers everything you need it to, which could be more than medical bills alone.
One important distinction between loans is whether they’re secured or unsecured.
Unsecured medical loan
An unsecured loan is not protected by an underlying asset. This means that you won’t have to put forward some of your own property (such as a house, car or expensive jewellery) to secure the loan, and risk losing it if you’re unable to pay your loan back as agreed.
Like all our personal loans, Harmoney medical expenses loans are unsecured.
Secured medical loan
A secured loan is protected by an underlying asset. Advantages of secured loans is that they can sometimes have lower requirements or a slightly lower interest rate, but this must be weighed against the risk of losing your property.
Harmoney does not offer secured loans.
Medical payment plans
Many health providers offer payment plans through a third-party finance company. These are usually instalment plans that can help you avoid paying out-of-pocket medical expenses on the day by making regular payments until your bill is settled. Unlike a personal loan, these payment plans only cover your medical fees and don’t extend to other expenses you may need help with.
Specialised medical loan
Some providers offer financing related to a specific service, such as a surgery loan, dental loan or cosmetic surgery loan. While these loans are designed for the specific needs of people choosing these treatments, they’re usually secured by an asset and may have less favourable terms than a personal loan.
Fixed and variable rates
Another important point to compare if you want to avoid surprises on your loan is whether it has a fixed or variable interest rate. A fixed rate, as the name suggests, remains the same all through your loan, so your repayments won’t increase. However, a variable rate may rise or fall based on market forces.
A fixed rate loan is the best choice if you want to know exactly how much to budget for every month and avoid the gamble of variable interest. All Harmoney loans have a fixed interest rate.
We’re here to help
Apply for a medical expenses loan online and get the care you need.
Make it happen today
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We're real people and here if you need us
If you need help, just give us a call on 1300 042 766 or jump on to online chat and one of our more than 30 specialists will be there to lend a hand.
