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Medical Loans
Fast. Free. No impact on credit score.This won’t affect your credit score
A medical loan is a type of personal loan that's used to finance a medical procedure. You could use the proceeds to finance part or all of a whole range of private medical treatments, such as rhinoplasty, breast enlargement, tummy tucks and more. You would then repay the balance over a flexible term. This is typically offered as a secured loan, which is held against a personal asset, or an unsecured loan where the rate is based on your credit history.
Medical loans are a way to manage the costs of private healthcare and surgery. Companies providing private medical care often offer finance packages for treatment but by comparing loan rates with Norton Finance, you can find and choose an option that best suits your financial situation.
Like other types of loan, there are two main types of medical loan to choose from:
Medical loans can be secured against an asset. For example, you might borrow against the value of your property if you’re a homeowner. You can often get lower interest rates, but if you don’t keep up with your repayments, your home will be at risk.
Alternatively, the loan may be unsecured, which means assets aren’t involved in the agreement. This may alter the terms you’re offered, usually increasing the interest rates, as it’s considered a riskier arrangement for the lender. cons of taking out a medical loan
Loans for medical treatment can be used for a variety of procedures, allowing you to access medical care without spending time on a waiting list.
With an ever-increasing range of options available, cosmetic surgery loans are available for those who want to undergo cosmetic treatment.
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Medical loans have many benefits. They can help you cover the financial costs of cosmetic surgeries, such as boob jobs, breast implants and weight loss procedures.
Repayments can be made over a period that suits your financial situation. Choose from short-term loans to be paid off between one and five years or a long-term loan over 30 years. You can also choose between a secured or unsecured loan and benefit from a type that works for you.
If you are unable to meet repayments as agreed, you are at risk of harming your credit score. However, by talking to advisors and finding a loan that works for you, you are less likely to be at risk.
Our secured loan calculator can help you decide how much you could afford to borrow.
Click apply for a loan to start your journey
Fill out our online form for your personalised rates
Get the loan that best suits your circumstances
Our medical loans range from £3,000 to £500,000. How much you can borrow will depend on your circumstances and needs. For a more accurate picture, speak to one of our team members today.
On secured loans, we may charge a broker fee of a maximum 12.5% of the loan, to a capped limit of £3,995. We don't charge broker fees on unsecured loans.
When you apply, we search a comprehensive market of medical loans to match your personal circumstances.
You can apply for a loan with Norton Finance, where our team of experts will work hard to find a loan that's right for you.
At Norton Finance we can help you get the loan you need for your circumstances and your surgery.
Alternatively, funding your medical surgery through a third party may offer better terms than a hospital or clinic. To find the best rate speak to us today.
Likewise, before you accept a medical loan, you'll be provided with all the information necessary for repayment, so you can predict and easily manage your monthly payments.
Getting a loan, or putting things on finance, can make paying for procedures a lot simpler, especially when you go through Norton Finance.