Whether it’s a small dental procedure or an elective surgery, medical expenses can really put a dent in your budget. If you are unsure where to turn, Nifty Loans offers fast medical loans up to $10,000. So, whether the procedure is small or large, Nifty may have a loan option to suit your needs.
Medical loans are a form of personal loan used to cover the cost of medical expenses. Loans for medical bills can be used for bills from $2,500 to $10,000 to be repaid over 9 to 24 months.
Medical expenses can be very expensive. Medical loans can be used to take away this immediate financial burden to be repaid in smaller, more manageable instalments over time plus interest. Medical loans with Nifty fall into two categories: medium loans and large loans.
You can use medical personal loans for any medical expense that costs money. You will just need to let us know what the medical expense is for and how much it will cost. Here are some of the most common reasons people apply for medical loans with us:
If you are receiving Centrelink benefits and need some extra money to cover your medical expenses, we may still be able to provide you with a medical loan. We consider most forms of Centrelink income as regular income. As long as you have been receiving your Centrelink payments for the last 90 days and meet the rest of our eligibility criteria, we may be able to provide you with a medical loan for Centrelink customers.
Are you looking for medical loans for bad credit Australia? Here at Nifty, we like to take a more inclusive approach to lending. As long as you have the means to repay your loan, we may be able to provide you with a medical loan for bad credit. We must conduct a credit check by law, however, we will put more focus on your current financial situation.
We use a secure bank statement service to look at your bank statements and your current income and spending. If we believe that you can comfortably repay your loan, we may be able to provide you with a medical loan for bad credit. All applications are subject to assessment. We adhere to the responsible lending guidelines set by the ASIC, so we will never lend an applicant money that they cannot afford to repay.
We are a 100% online lender, meaning that from application to approval, everything is done online. We offer two types of personal medical loans: medium loans and large loans.
For more information about our loan tiers and the fees and charges associated with them, please visit our costs page or use the loan slider.
Medium loans are either unsecured or secured loans. This means that you have the option of using an asset as collateral against the loan. These loans are between $2,500 and $4,600 and can be repaid over 9 to 24 months.
Large secured loans range from $5,000 to $10,000 and can be repaid over 9 to 24 months. Large loans must have security.
Ready to apply for a same day medical loan with Nifty? Complete our quick and easy, 100% online application form by following these simple steps:
Use our loan slider to select how much you wish to borrow and over what repayment term.
Once we have received your application, our team of loan experts will begin processing. This can take just 60 minutes* if you apply within our business hours.
If your loan is approved, we will get in contact to let you know. We will also let you know if your application was unsuccessful.
We will send you a copy of your electronic contract. We suggest that you read your contract carefully and make yourself familiar with any terms and conditions that will apply to you. Once you have done so, electronically sign and return your contract.
Once we have received your signed contract, we will transfer your funds straight to your bank account. You could have your money within just 60-seconds**!
We have a few standard eligibility requirements that all of our applicants must meet. Please ensure that you can say ‘yes’ to the following:
If you are looking for the fastest possible loan outcome, please ensure that you have all of these documents available when you apply.
You can borrow any amount between $2,500 and $10,000. You will repay this amount over your determined repayment period.
We must conduct credit checks on all of our applications. However, we can be more lenient in regards to credit scores. We will focus more on your current finances by looking at your bank statements and assessing whether you can afford your monthly repayments. We may still be able to provide you with a bad credit loan.
We will set up a direct debit in line with your pay cycle. We will automatically debit your account on this day. When your loan has been repaid in full, the repayments will stop.
This will depend on how much you wish to borrow and your current financial situation. For a more detailed breakdown of our fees and charges, refer to our costs page.
We do not charge early repayment or exit fees. If you wish to repay your loan before the term of your loan ends, you are free to do so. This can save you on monthly fees and interest.
We consider most forms of Centrelink income as regular income. If you have been receiving your payments for at least 90 days and meet our eligibility criteria, we may be able to provide you with a loan.
