Medical Loans

What Is a Medical Loan?

A medical loan is a personal loan used to cover healthcare costs that Medicare and private health insurance don’t fully cover. In Australia, we’re fortunate to have a public health system that handles many of the basics, but it has its limits. Specialist appointments, dental work, elective procedures, ambulance callouts and many allied health services still leave you out of pocket.

A medical loan in Australia lets you cover those costs now and pay them back in manageable weekly, fortnightly or monthly instalments. City Finance offers these as unsecured personal loans, so there’s no need to put up an asset as security – the funds go straight into your bank account, and you use them however you need.

Some of the other things that have all – or part – of their total costs covered by Medicare include:

• Specialists visits
• Tests for treatment eg x-rays, pathology.
• Surgery and therapeutic procedures by doctors;
• Specific items that are part of the Enhanced Primary Care (EPC) program; and
• Specialised appointments as part of the Chronic Disease Management Plan
• Elective surgery (like cosmetic surgery)

What Doesn’t Medicare Cover?

Australia’s public health system covers a lot. But there’s still a long list of common treatments and services where you’ll be paying out of pocket:

• Most dental services, including fillings, extractions and orthodontics
• Ambulance callouts (unless you have state cover or private health)
• Cosmetic and elective surgery
• Glasses, contact lenses and eye examinations
• Hearing aids and audiology services
• Physiotherapy, podiatry, chiropractic and psychology
• Most medications (discounted under PBS, but never free)
• Many specialist appointments outside CDM plans

If your treatment falls into any of these categories, a medical loan can bridge the gap between what you need and what you can afford right now.

When you’re sick or recovering from surgery or treatment, the last thing you need is stress. It’s often detrimental to your health and affects your body’s ability to recover. If you’ve found yourself in a position where you need medical treatment but can’t afford to pay the bill, a personal loan may be the answer.

Our medical loans are approved quickly, often the very same day, so that you can receive the money within 60 seconds of signing the contract and attend to your health straight away. We’re able to offer a loan amount between $500 and $10,000.

We offer our medical loans as an unsecured personal loan, so no security or collateral is required – you will have the amount that you’ve approved for deposited as cash into your bank account and, from here, you can pay your medical bills as you please. Plus, if you find yourself in a situation where you’re able to pay off your personal loan early, you won’t be charged any early repayment fees, either.

Medical Loans for Bad Credit – We Look at the Full Picture

Worried your credit history might hold you back? City Finance offers medical loans for bad credit applicants, because we know that a less-than-perfect credit score doesn’t tell the whole story.

Instead of making a decision based on a number, our team considers your current financial circumstances, including your income, expenses, and ability to repay. If you have a steady income, whether that’s wages, Centrelink payments, or pension payments, there’s a good chance we can help.

We lend to pensioners, Centrelink recipients and people who have been knocked back by banks. Medical loans bad credit applicants qualify for are subject to standard eligibility criteria and responsible lending checks, but we genuinely try to find a way to say yes.

Am I Eligible for a Medical Loan?

Our eligibility requirements are straightforward. To apply for medical loans in Australia through City Finance, you’ll need to:

• Be 21 years of age or older
• Be an Australian citizen or permanent resident
• Have a form of regular income (wages, Centrelink, pension)
• Be able to provide 90 days of bank transaction history
• Have a valid form of ID

You may be wondering if you’re eligible if you’re unemployed or have a less than perfect credit history. The answer is yes, you can still be eligible. We recognise any form of government benefits – like Centrelink payments for example – as a form of income. If you don’t have a good credit score, we can still help.

What Supporting Documents and Information Do We Need to Process Your Medical Loan Application?

At City Finance, applying for a loan is simple. We don’t need a bunch of different documents, all we require is the following:

• A copy of your ID
• A short application form with details such as your address and phone number
• Proof of your income (either wages or Centrelink benefits)
• 90-day history of bank transactions

Not receiving regular income because you are a pensioner? We might be able to help – check out our pensioner loans.

Whether you need medical loans for surgery in Australia or financing for essential out‑of‑pocket health costs, City Finance has you covered. Our medical loans in Australia aren’t just about bridging a payment gap. They’re about helping you take control of your health when you need it most. 

From emergency procedures to elective treatments, our surgery loans in Australia can be tailored to match the exact cost and timeline of your care plan.

Compassionate Support, Rapid Funding

We know that health crises can strike suddenly. That’s why our medical loans process is designed for speed and simplicity:

1. Apply Online in Minutes
   Choose your amount up to $10,000 and select a term of 12 to 52 weeks.
   
   
2. Quick Confirmation
   We may get in touch via email, SMS or phone to confirm a few details about your required loan for surgery or treatment, just to keep things moving smoothly.
   
   
3. Same‑Day Funding
   Once approved, funds are deposited to your OSKO‑enabled account, often within 60 seconds, so you can schedule your procedure without delay.

All our surgery loans in Australia come with transparent, upfront fees and no penalties for early repayment or extra payments. We’ll work with you to set a repayment plan that fits seamlessly into your life, even if you’re on Centrelink.

Why Choose City Finance?

• Same-day funding in most cases – apply today, pay the bill today
• Borrow up to $10,000 with flexible repayment terms
• No early repayment fees – pay it off faster if your situation changes
• Inclusive lending – Centrelink, pensioners and bad credit welcome
• Personalised approach – we assess your situation, not just your score
• Automatic repayment debiting – set and forget, no missed payments
• More than 20 years helping Australians manage unexpected costs

What Can I Use a Medical Loan For?

Dental expenses

Dental work is one of the most common uses for medical loans in Australia, as it is largely excluded from Medicare, and private health only covers so much. A filling, a root canal, wisdom tooth removal, or orthodontic work can cost hundreds to thousands of dollars. If your teeth can’t wait, neither should your loan application.

Surgery loans – elective and reconstructive

Surgery loans in Australia are often needed for procedures Medicare won’t touch: cosmetic surgery, bariatric procedures, reconstructive work after injury, or elective orthopaedic treatment. City Finance can fund a loan for surgery up to $10,000, with same-day funding once approved.

Specialists appointments

Most specialist visits attract an out-of-pocket gap, even under the Chronic Disease Management plan. If you’re seeing a specialist regularly, those costs add up fast. A medical loan can cover the upfront fees so you can keep attending the care you need.

Ambulance bills

An ambulance callout in Australia can cost anywhere from $800 to $1,200+ if you’re not covered by state cover or private health insurance. It’s not a bill you can simply ignore. A personal loan from City Finance can help you clear it and pay it back over time.

Prescription medication and ongoing treatment

Long-term medication, rehabilitation, or allied health care (physio, speech therapy, psychology) can become an ongoing financial strain. Medical loans in Australia can cover these costs upfront, giving you the breathing room to keep up with treatment.

Is a Medical Loan Right for You?

Medical loans in Australia are best suited to situations where the cost is real, and the timing isn’t flexible. If you’re facing a health bill you can’t delay and the cash isn’t there right now, a personal loan is a practical way to bridge the gap.

If you’re considering a loan for surgery in Australia, it’s worth thinking about the repayment amount and whether it fits comfortably into your regular budget. Our team will work through this with you. We don’t want you in a loan that adds stress; we want to help relieve it.

Secure Medical Loans in Australia in 60 Seconds of Signing the Contract

Don’t let the cost of treatment delay your health. City Finance offers medical loans in Australia up to $10,000, with fast approval and same-day funding. Apply online in minutes.