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Medical expenses loan

Money when you need it most

Personalised rates from 6.99%¹

Won’t affect your credit score

Canstar winner 5 years in a row
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Help yourself or your loved ones with a medical expenses loan

Between medical bills and time off work, medical expenses can take their toll. Take back control with a medical expenses loan.

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Once you have approved the terms of your medical expenses loan, the money should be approved within 24 hours.

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There are no nasty surprises at Harmoney. After paying your initial establishment fee there will be no more fees to pay, provided you keep up with your payments.

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No need to provide security. At Harmoney, our medical expenses loans are unsecured, so your assets are safe.

Simple, 100% online

Step 1. Get to know you

Let us know how much you need to borrow to help with medical expenses and send us the personal and financial information we need to get started.

Step 2. Get your quote

We’ll send you a detailed quote for your medical expenses loan so you know exactly what you’re signing up for.

Step 3. Get your money

Your money should arrive within 24 hours of accepting your quote and sending a few final bits of information.

What we offer

$2K - $50K

Loan limits
3 or 5 years

Loan terms
$200 or $450

Establishment fee

Early repayment fee
  • All loans are unsecured
  • Rates from 6.99% p.a. – 24.69% p.a.¹
  • Your rate is fixed for the life of the loan
  • You can repay weekly, fortnightly or monthly
  • Establishment fee of $200 for loans under $5,000 ²
  • Establishment fee of $450 for loans $5,000 and over ²

Find out more about our rates and fees

Quick medical loan estimate

Get a personalised snapshot of your interest and repayments on a medical loan using our free online loan calculator.

Common medical loan questions

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Can 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 loan guides 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 worries add to your problems

With a medical expenses loan covering costs, you can concentrate on recovery.

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Unlike many loan providers, we’re happy for you to pay back your loan early and we don’t charge any extra fees.

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Pay an individual interest rate calculated using your personal credit assessment.

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100% ONLINE – 24/7

Apply online at any time and be done in a matter of minutes.


About medical loans

Whether it’s ongoing treatment, rehabilitation, an unexpected injury or a long-planned procedure, a medical expenses loan can ease the financial burden of your treatment and let you focus on your recovery.

Before applying, it’s important to understand the various features of a medical expenses loan and how they will affect you.

Unsecured medical loan

An unsecured loan does not require an asset, such as property or a vehicle, to be put forward as security. This means if you default on the loan you don’t risk losing your asset.

Medical expenses loans from Harmoney are always unsecured.

Secured medical loan

Secured loans often have lower interest rates than unsecured loans, but they carry a higher risk. A secured loan requires an asset to be offered up as collateral, such as a computer or jewellery. If you are unable to make the repayments on a secured loan your assets are repossessed and sold to cover the cost of your loan.

We do not offer secured loans at Harmoney.

Medical payment plans

Medical payment plans are offered by many health providers as an alternative to upfront payment of medical bills. They involve payments made at regular intervals until the debt is settled. Where these loans differ from personal medical loans is that they only cover medical bills, the loan cannot be used to cover other costs such as equipment, or everyday expenses if you are forced to take time off work.

Specialised medical loan

Medical, dental and cosmetic procedures can sometimes carry their own specialised loans; however, they often have unattractive terms such as high interest rates, long loan terms and the requirement for assets as security.

Fixed and variable rates

It’s important to understand the difference between fixed and variable interest rates and how they will affect your medical loan.

A variable interest rate rises and falls based on market values, meaning your repayments could differ greatly from month to month. A fixed rate remains the same throughout the term of the loan, meaning your repayments will stay the same every month.

Harmoney medical loans always have a fixed interest rate so you know what you’ll be paying from start to finish.

We’re here to help

Apply online for a medical expenses loan and get back to focusing on your recovery.

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We're real people and here if you need us

If you need help, just give us a call on 0800 427 666 or jump on to live chat and one of our more than 30 specialists will be there to lend a hand.

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Terms and conditions

1. Subject to approval and funding. Harmoney’s interest rates range from 6.99% p.a. to 24.69% p.a. and are offered based on the individual borrower’s credit assessment according to Harmoney’s credit scorecard. In order to be approved and list your loan you must meet Harmoney’s credit criteria and responsible lending requirements. Fees, charges, terms and conditions apply. 99% of loan applications are funded within 24 hours of loans terms being accepted (based on loans submitted in 2018).

2. Establishment fee of $200 for loans from $2,000 to below $5,000 and $450 for loans from $5,000 to $50,000. Fixed rates range from 6.99% p.a. to 24.69% p.a. on 36 to 60 month terms, with no early repayment penalties.