Medical Loan

Affordable Medical Loans in Australia

Small Cash Loans from $200 to $2,000 paid within 60 minutes

Apply Now

A hospital bed with a monitor and a drip stand

Loans from

$200

to $2,000

Paid within 24 hours

Repay over 1 to 12 months

Weekly or fortnightly repayments

Loans from

$200

to $2,000

Paid within 24 hours

Repay over 1 to 12 months

Weekly or fortnightly repayments

What Is a Cash Direct Medical Loan?

Medical bills have a way of arriving at the worst possible time. Maybe your private health insurance or Medicare doesn't cover the full cost of a procedure. Maybe the treatment is considered optional or non-urgent, but it still matters to you, and you don't have the funds sitting around to pay for it upfront.

A Cash Direct Medical Loan is a small, short-term loan of between $200 and $2,000, designed to cover exactly these kinds of gaps. Rather than paying a medical bill in one lump sum, you can spread the cost over affordable weekly or fortnightly repayments, over 1 to 12 months.

It's one of several Small Cash Loans we offer, if your need is specifically dental-related, our Dental Loan may be a closer fit.

A stethoscope beside a clipboard on a desk

What Can a Medical Loan Cover?

A Cash Direct Medical Loan isn't limited to emergencies. It can also help with planned or elective treatment that private health insurance doesn't fully fund. Examples include:

Laser eye or optical procedure loan
Cosmetic surgery loan
Lap band surgery loan
Hip replacement loan
Hair replacement loan
IVF Treatment loan

Whatever the medical expense, we may be able to put together a loan solution between $200 and $2,000 to suit it.

How Fast Can I Get the Money?

Once your application is completed and approved, funds can land in your account within 24 hours, and in some cases a Small Cash Loan may be paid within 60 minutes of approval. Turnaround can vary depending on your bank and when you apply, so treat these as general guides rather than guarantees.

If you'd like to plan ahead before you apply, you can use our Small Cash Loan Calculator to get a feel for what your repayments might look like at different loan amounts and terms.

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How to Apply in 3 Simple Steps?

Start your application: click here to start your application, with your bank statement and proof of ID on hand.
We review your details: we'll get in touch to finalise your application and confirm your loan amount and term.
Funds are on their way: once approved, your money can be paid within 60 minutes to 24 hours, depending on your bank.

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Small Cash Loans, which include Medical Loans, can be paid within 60 minutes upon approval. Specifically, once a medical loan application is completed and approved, cash can be in your account within 24 hours.

Yes, Cash Direct welcomes Centrelink, single parents, and pensioner applicants for medical loans. They provide Cash Loans, Personal Loans, and Vehicle loans for people receiving Centrelink Benefits, though Cash Direct is not affiliated with or endorsed by Services Australia.

Medical Loans are repaid over 1 to 12 months with affordable weekly or fortnightly payments. You have the option to repay your loan any time without being charged additional fees, which will also reduce your overall interest and fee cost.

To get started with a medical loan application, you will need a current bank statement and some proof of ID.

For Small Loans ($2,000 or less), which include Medical Loans, an APR doesn’t apply because these loans are fee-based only.

Yes, low doc loans are still available in Australia, particularly for self-employed individuals and small business owners who may not have traditional income documentation. These loans allow borrowers to provide alternative documentation, such as Business Activity Statements (BAS), bank statements, or an accountant’s letter, instead of standard payslips or tax returns. However, they often come with higher interest rates and may require larger deposits compared to standard loans.

For Medical Loans (which are Small Loans of $2,000 or less), there is an establishment fee of 20% of the amount borrowed and a monthly fee of 4% of the amount borrowed. For example, a $1,000 loan repaid over 4 months would equate to a total payable of $1,360.

Cash Direct offers Medical Loans ranging from $200 up to $2,000.

Medical Loans are designed to help with unexpected medical expenses where private health insurance or Medicare doesn't cover the full cost. They can also assist with procedures deemed optional or not urgent but important to you. Examples include laser eye or optical procedures, cosmetic surgery, lap band surgery, hip replacement, hair replacement, and IVF Treatment.

Yes, you can repay your loan any time without being charged additional fees. Repaying early will also reduce your overall interest and fee cost.

Besides Medical Loans, Cash Direct offers other loan types including Vehicle Loans, Centrelink Loans, and Visa Loans. They generally provide Small Loans of up to $2,000 and Medium Loans between $2,001 and $5,000.

All Set? Get Started With Your Application