Affordable Medical Loans in Australia

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 typically repaid within 6 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.