The pros and cons of secured vs. unsecured loans
When you’re in need of financial assistance, loans can be a valuable resource. However, before you borrow, it’s essential to
Compare medical loans
- Check your eligibility from a range of loan providers
- Apply today and borrow between £1,000 and £50,000
Why compare medical loans
Find out which loans you are eligible for without harming your credit score and apply online.
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You can then apply online and your application will be processed directly by the loan provider.
Why choose a medical loan?
From dental surgery to physiotherapy, fertility treatments to cosmetic procedures, medical costs can vary widely. A medical loan gives you the flexibility to pay for the care you need, when you need it — without draining your savings.
Borrow for a wide range of private medical treatments
Spread the cost with fixed monthly repayments
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What treatments can I use a medical loan for?
Medical loans are versatile and can cover a wide range of healthcare-related costs. Whether you’re looking for urgent care or planning ahead, loans can often be used for:
Private consultations or surgery — including orthopaedic, urology, ENT, and more
Cosmetic procedures — from laser eye surgery to aesthetic treatments
Dental work — including implants, crowns, braces, and major procedures
Fertility treatments — such as IVF and IUI, whether in the UK or abroad
Mental health support — including therapy, counselling, or private psychiatry
Rehabilitation — including private physiotherapy or recovery support
Diagnostic tests — such as MRIs, CT scans, or private health checks
What to consider before applying for a medical loan
Medical loans can be helpful, but it’s important to understand the full picture before making a decision.
Taking on debt to pay for healthcare is a personal choice, and you’ll need to be confident you can afford the monthly repayments. Compare the loan term, total repayment amount, and interest rate to see what fits your budget. You should also check if the treatment provider requires payment upfront or in stages.
Be mindful of using credit for non-urgent procedures, especially if the cost could be met through savings or interest-free options. And always speak with the clinic or provider first — they may offer payment plans or advice on funding.
Cover unexpected costs with a medical loan
Medical expenses can be stressful — especially when they’re urgent, ongoing, or not covered by the NHS. A medical loan can help you manage the cost of private healthcare by spreading payments over time, so you can focus on your health instead of your budget.
At MoneySpider, we help you compare medical loan options quickly and easily. Whether you’re funding one-off treatment or long-term care, we’re here to make things simple and transparent.
Is a medical loan right for my situation?
A medical loan may be suitable if you’re facing a healthcare cost that can’t be delayed and don’t have the funds available upfront. It can also be helpful if your treatment falls outside NHS eligibility or wait times are affecting your quality of life.
However, not all treatments require borrowing. Before applying, consider whether this is an urgent need, whether you’ve explored payment plans or insurance options, and if the repayments fit comfortably within your monthly budget.
Taking out a medical loan is a personal decision — one that should be based on both financial readiness and your healthcare priorities.
FAQ
Need more help?
What’s the typical amount I can borrow for medical treatment?
This depends on the lender and your personal circumstances, but many providers offer loans from around £1,000 up to £25,000 or more. The amount you’re eligible for will depend on your credit history, income, and affordability checks.
Can I use a medical loan for treatment abroad?
Yes, some lenders allow medical loans to be used for overseas treatment, such as dental work or fertility procedures. Just make sure to confirm this with the lender during the application process, as policies vary.
How long can I take to repay a medical loan?
Repayment terms usually range from 1 to 7 years. Shorter terms mean higher monthly repayments but less interest overall, while longer terms reduce monthly costs but may increase the total amount repaid.
Do I need to use a specific clinic or provider?
Not usually. Most lenders let you choose your own clinic or hospital, but some may ask for details of your treatment plan or provider, particularly for larger loan amounts.
Is a deposit required before I can apply?
Medical loans are typically unsecured, so no deposit is required. However, some treatment providers may still ask for a deposit to secure your appointment — it’s best to check directly with them.
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured against it.
