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Medical Loan in Singapore | Pay Urgent Bills & Expenses Easily

In search of quick and easy finance for medical procedures or loans for medical bills that cost several thousands of dollars? Look no further than Goldstar Credit’s medical loan in Singapore — we always have your back, even in times of emergency.
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Graphic of doctor consulting charts, a patient, syringe and medical shield

Relieve the stress of hefty medical bills with a medical loan

You deserve to spend time restoring and caring for your health instead of worrying about medical treatments and procedures that aren’t covered by health insurance plans. A custom, flexible loan for medical bills can come in particularly handy in this respect.

At Goldstar, we’re a licensed money lender who goes the extra mile and offers a listening ear to all your health concerns so we know exactly how we can help with our medical loan. We offer loans for medical treatment with hassle-free application processes and competitive rates so you can get the funds you need easily and affordably.

How can Goldstar Credit help in your search for a loan for medical bills?

As the adage goes, health is wealth. Goldstar Credit is happy to help you lighten the load of your medical bills with our personalised medical loan, no matter how much your income is or your nationality.

We are here to provide the assistance you need, so relax, sit back and concentrate on nursing yourself back to health. Providing finance for medical procedures is what we do best — let us help you figure out a suitable loan that would work for your medical bills and procedures.

hospitalization loan

How does a medical loan in Singapore work?

Our loans for medical bills are unsecured personal loans, so you don’t have to worry about the necessity to pledge any valuable asset or collateral in exchange for the medical loan you need. You can get your hands on loans for medical treatments easily, with no risk on your part.

Our loans for medical expenses or procedures are disbursed in a lump sum right after you’ve signed on the loan contract agreement. Any processing fee that applies will be deducted from your approved medical loan sum at this point. You can use the funds to finance your medical procedures or treatments straightaway.

When it comes to repaying your medical loan, you are expected to make your instalment payments punctually by the due dates stated in your loan contract agreement. Your loan contract agreement will clearly illustrate your loan repayment schedule. Be sure to adhere to it to avoid racking up late payment fees and charges!

Are there restrictions on the type of medical treatments covered by a medical loan in Singapore?

There are loans for medical procedures of all kinds. Our medical loans in Singapore can be used for pretty much any medical condition or treatment, no matter if they are superficial or complex in nature. You can even use your medical loan to fund aesthetic procedures if those are the kind of medical procedures you have in mind.

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Why consider a Medical Loan from Goldstar Credit

Benefit #1: Competitive and fair interest rates

We strive to help you, not add on to your financial stress. And that’s why we offer competitive interest rates that are fair, regardless of your income level. Our interest rates start from as low as 2.27% monthly.

Benefit #2: High-speed approval and disbursement

We fully understand your need to get hold of funds urgently. In light of that, we aim to complete your loan application process in 30 minutes or less even if you’re a new customer of ours.

Benefit #3: Flexible repayment plan

Our loan packages are highly customised and flexible. This means you can choose from a variety of loan tenure options and repayment schedules that fit your needs and financial capability best.

Benefit #4: Transparent loan terms

We believe in being 100% transparent in all our dealings — our customers deserve nothing but the best, most honest professional service.

Benefit #5: No hidden fees

Hidden fees are a no-no in our books. Anything interest- and fee-related to your loan package will be made known to you right from the start without any sugar-coating.

Get a loan for medical bills & focus on staying in the pink of health!

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Top 6 situations where medical loans are useful

  • Orthodontics

  • LASIK and other optical procedures

  • Fertility treatments

  • Weight-loss surgeries and treatments (e.g. bariatric procedures)

  • Chronic health conditions

  • Emergencies

FAQs on Goldstar Credit’s loans for medical expenses

1. What kind of medical procedures can be covered by a medical loan?

A medical loan can cover any kind of medical procedure, really. That being said, most people who take up loans for medical expenses do so to foot the bills of medical treatments and procedures that aren’t claimable under their health insurance plans.

  • Here’s a non-exhaustive list of uses of a medical loan:
  • Dental problems
  • Chronic health conditions
  • Back pain
  • Eye surgery
  • Medical emergencies
  • Non-surgical procedures
  • Surgical procedures
  • Follow-up checkups and appointments
  • Medical consultations
  • Medication
  • Medical tests and comprehensive health checkups

2. Why do people take loans for medical expenses?

Not everybody has spare cash on hand to cater to medical treatments and procedures. This is especially true for medical emergencies that happen when we least expect it, as well as health conditions and procedures that aren’t covered by one’s private health insurance plans, MediShield Life and Medisave.

That’s not all. Certain medical costs aren’t a one-off thing — there could be multiple follow-up checkups and appointments, further complications that necessitate subsequent surgeries, long-term pricey medication needs, etc.

All these costs add up quickly and furiously, making it tough for the average person to afford the ever-rising healthcare costs in Singapore. This is where loans for medical procedures may come in handy as they offer immediate access to funds.

3. What’s the loan tenure period and interest rates offered on a medical loan?

At Goldstar Credit, we offer flexible loan tenures of up to 12 months, and interest rates from as low as 2.27% monthly for our highly personalised medical loans.

4. Am I eligible for a medical loan?

A. You are eligible for a medical loan so long as you can furnish proof of consistent income and are at least 18 years old.

We do not discriminate — we offer medical loans to Singaporean citizens, Permanent Residents as well as Foreigners who live and work here.

Here at Goldstar Credit, we strongly believe that everybody deserves the assistance, which is why we provide loans for medical procedures to ease the load. Everybody’s health is prized and invaluable.

5. What kind of documents must I prepare when submitting a loan application?

You’ll need to prepare your:

  • NRIC/ Passport/ Work Pass
  • Payslips from the latest 3 months
  • Access to your Singpass for IRAS NOA or CPS statement retrieval
  • Address proof for foreigners only (e.g. Utility bill, phone bill, tenancy agreement)

6. How to apply for a medical loan?

Here at Goldstar Credit, we’ve intentionally kept the loan application process streamlined, quick and simple.

  1. Send in your medical loan application online
  2. Get the results on your loan application status in 20-30 minutes.
  3. Receive your loan in cash or PayNow after signing off on the loan contract

7. How fast can I get cash from my medical loan?

You can get cash from your medical loan instantly after agreeing to and signing off on the loan contract.

8. I don’t have a good credit score. Can I still apply for a medical loan?

A. Yes, you may apply and receive approval for a medical loan even though you don’t necessarily have a good credit score. We do not discriminate against borrowers who don’t have the best credit scores.

9. Will I be penalised if I repay my medical loan early?

A. No, don’t worry. We do not charge early repayment fees, unlike banks and financial institutions.

CTA Banner: Pay your medical bills with a flexible medical loan in Singapore today!

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Advantages Of A Medical Loan

A medical loan can help take the burden and stress off your finances so you can focus on getting the treatment you need. With our quick and easy application and approval process, you may be able to get the funds for your procedures much faster than if you had to wait for your insurance to check and decide whether the particular surgery or condition is covered or not.

In situations where your health insurance or Medisave do not cover other medically related expenses such as additional living expenses during your recovery and treatment, a medical loan would also come in handy. Some medical insurance policies would require you to pay your medical bills upfront before reimbursing you, and if you need a quick, reliable and safe option to access cash, you should also consider taking out a medical loan. 

Apart from the almost instant cash loan, you can also rest assured that our medical loans cover a wide range of procedures from cosmetic surgeries to LASIK to orthoptics and more.

If you have dependencies such as aging parents or young children, or even family members who fall critically ill and in need of urgent financial assistance, as a matter of life and death, a medical loan would be one of the best options for you.

 
when to consider and where to get them quickly

Situations Where Medical Loans Can Come In Handy

Not only do our medical loans cover medical surgeries, they can also be used to fund various medical costs such as:

  • Plastic surgery
  • Skin cosmetic surgery
  • Orthodontics
  • LASIK and other optical procedures
  • Fertility treatments
  • Weight-loss surgeries and treatments (e.g. bariatric procedures)

Be it any form of medical emergencies or procedures, we have an array of loan options tailored to suit your needs.  Have a particular procedure in mind? Our friendly team of experts will be more than happy to provide you with more details. 

At Goldstar Credit, we require no property or assets collateral and offer interest rates from as low as 2.27%. You can also loan up to 6x your monthly salary with a flexible repayment schedule of up to 12 months. We also offer a minimum of $300 and up to $50,000 in personal loans.

Goldstar Credit is a licensed money lender certified by the Registry of Moneylenders under the Ministry of Law. When it comes to medical emergencies, you should seek a certified moneylender you can trust. Our cash loans and terms are transparent and there are no hidden fees, which should be the least of your worries when dealing with crises. 

No one should suffer because of healthcare costs and Goldstar Credit is here to offer a timely financial assistance to tide you through any medical crisis. 

Click here to apply for a medical loan or speak to our team of loan officers to find out more about the different loans and schemes to suit your financial needs. 

 

License Number: 131/2024 | UEN : 200923881E

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We charge competitive interest rates and fees, which is why so many of our customers keep returning to us.

As a Goldstar customer, you get to enjoy:
Loan interest rates of 1-4% a month*
A maximum of 5-10% in processing fees*