Medical Loans

In need of cash now? Let Cigno help you find a solution.

Worried About Medical Bills?

Some medical expenses can be overwhelming, especially if the full cost or part of the cost of a procedure is not covered by Medicare or insurance policies. But, there are other options that can help you cover those expenses.

Medical loans are there to help those who need to get treatment safely and affordably. A medical loan, a type of personal loan, is commonly acquired to use for medical care payments. It is offered by traditional banks and lenders, and usually not tied to any collateral. It can be a good option for people who do not have private health insurance.

The same way as any other form of personal finance, borrowers of medical finance must apply for a loan first. Upon approval, you get the money upfront and make repayments over time, together with any subsequent interest and fees.

Medical loans can be used for medical expenses and living costs of recovery while taking time off of work. It can also be used to cover the cost of hospital expenses, specialist appointments, medical equipment, and even travel expenses.

What Does A Medical Loan Cover?

Cosmetic surgeries

Any elective surgeries or optional procedures performed at a private hospital or clinic.

Dental procedures

To cover excess charges or those that aren’t covered by insurance.

Medical treatments

To purchase specific medicines, treatments, or drugs.

Personal medical device costs

For recovery or treatment of specific conditions that require medical equipment or devices.

Specialist doctors appointments

To cover the cost of regular visits to a specialist.

Hospital expenses

To cover the costs if you stay in the hospital, and for specialised procedures such as X-rays or MRIs.

Travel expenses

To cover the costs of travel and accommodation for a medical treatment.

What Medical Loan Options Are There?

Unsecured personal loans

If you don’t have suitable assets (e.g. a house or a car) to secure a loan against, Cigno can still help you find an appropriate unsecured loan.

Secured personal loans

You can offer a vehicle, real estate, or other valuables as security for a secured personal loan. It could increase your chances of approval and possibly lower your rate.

Short term loan

Are you looking for a quick loan to help you pay off your medical expenses? Get the money you need and pay it off quickly with a short-term cash loan through Cigno.

How Should I Compare My Medical Loan Options?

Borrowers should consider the following before taking out a medical loan:

Why Should I Apply Online for a Loan with Cigno Loans?

5 Minute Application

Enquiring through Cigno is super-fast and should take you less than 5 minutes.

Decision in Seconds

Through our partner, you get connected instantly to a provider.

Paid Fast*

Get paid fast during standard banking hours. *Subject to the eligibility criteria and the disbursement policy of the partner that we connect you with.

Get Started Now

We will strive to connect you with a partner who can help with a Medical Loan Financial Solution.


For more information, check out our FAQ’s.