Enjoy Perfect Health with a Choice Medical Loan in Singapore

Focus on your recovery while the medical loan takes care of the rest. There are loans for medical expenses to ensure your cash flow isn’t disrupted, allowing you to preserve your funds and settle a medical emergency.

Low-interest loans
Finance for medical procedures of all kinds
Flexible repayment structure
Receive cash instantly upon approval

What exactly is a medical loan in Singapore?

A medical loan in Singapore is an unsecured loan for healthcare financing. Whether you need the loan for medical bills on a day-to-day basis or an urgent medical treatment — the uses are endless with a medical loan.

During medical emergencies, when your insurance coverage is not enough to cover the high bills and out-of-pocket expenses exceed your budget, a medical loan can be a lifesaver.

With a loan for medical procedures, you don’t need to worry about your bills snowballing or forking out extra cash — work on your health while we settle the funds.

How will a medical loan in Singapore benefit you?

Low interest rates and fees

At R2D Credit, you aren’t just securing a loan for medical expenses — but you’ll be enjoying affordable interest rates well-within MinLaw’s approved limits. We’re here to lighten your financial burden so you can nurture yourself back to health.

Secure sufficient funds quickly

It is never a good sign when medical bills start piling up; it’s always good to stay prepared. With a medical loan in Singapore, receive a sum of up to six months your salary and pay off any treatment or medication with ease.

Personalised healthcare financing

Our loans for medical procedures and expenses are tailored to your financing needs and repayment ability without straining your cash flow. With our medical loans, you’re getting customisable repayment plans that accommodate your financial situation without stressing your budget.

Additional medical coverage

When Medisave and insurance struggle to keep pace with rising medical costs, our medical loans are excellent options for those in urgent need of healthcare funds. Our medical loans in Singapore provide all-inclusive coverage, even for A&E, ambulance transport, and surgeries.

Perks of a medical loan with R2D Credit

Discover what makes our medical loans unique at R2D Credit.

24-hour online application

Accommodating loan solutions

Qualified team

Legally established and licensed

Your well-being matters — secure your healthcare financing with us!

Common FAQs about medical loans in Singapore

How does a medical loan work?

A medical loan is a short-term unsecured loan similar to a personal loan. When applying for a medical loan from a legitimate money lender like R2D Credit, we will review your desired loan amount and your credentials before offering approval to you. The loan terms, such as repayment schedule, interest rates, and applicable fees, are transparent and within MinLaw’s regulatory guidelines.

Once you receive the loan approval and endorse the loan contract, the loan funds will be disbursed to your bank account or in cash within the same day. You will make monthly repayments until the loan is fully paid off.

How do I qualify for a medical loan in Singapore?

Singaporean, Singapore Permanent Resident (SPR) or foreigner holding a valid work pass
Minimally 18 years old
Employed/ Self-employed

Do medical debts affect my chances of getting a medical loan?

As long as the debt remains with your healthcare provider, it should not affect your credit score and, hence, is not likely to affect your chances of getting a loan for your medical expenses with R2D Credit.

If you can’t manage large medical expenses, a medical loan in Singapore can help you make a one-time payment and let you repay in instalments. This can ease your cash flow. Alternatively, if you can’t afford to pay your medical bills after drawing on MediShield Life, Medisave, and health insurance, you may apply for assistance from Medifund, an endowment fund set up by the government to help Singaporeans who face financial difficulties in paying their medical bills.

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

Your medical loan application should be accompanied by your proof of identity (e.g. NRIC, passport, Employment Permit for foreign applicants) and proof of income (e.g. Bank statements, CPF contributions, and payslips from the last 3 months, and latest income tax statement).

What are the common uses of medical loans in Singapore?

Emergencies

Medical emergencies can happen at any time, leaving many unprepared for large medical bills that exceed their budget or insurance coverage. When this happens, a loan can come in handy for financing medical procedures without delays.

Dental Treatments

A medical loan can cover expensive dental procedures like dental implants, root canals, and crowns, which are usually not covered by health insurance. With the costs of root canal treatment going as high as S$1,400 and dental crowns at S$500 to S$3,000 per tooth, a medical loan may offer much support without putting a dent in your savings.

LASIK Eye Surgeries

Insurance and Medisave do not cover LASIK surgeries if they are done for cosmetic purposes. You must be ready to fork out S$1,000 to S$6,000 in cash for such medical treatments unless you have a loan.

Cosmetic Surgeries

Cosmetic surgeries are becoming popular but are generally not covered by health insurance or Medisave. Medical loans offer financial support for a variety of procedures ranging from facelifts and nose jobs to weight loss surgeries and liposuction.

Pay Off Family’s Medical Bills

When any of your family members are in dire need of medical treatment but don’t have the funds for it, you may use a medical loan to pay for their medical procedures and bills. This allows the patient to focus on recovery rather than stressing about finances.

Can I still apply for a medical loan if I have a bad credit score?

Yes, you can apply for a medical loan in Singapore despite your negative credit score. However, you are more likely to receive preferential rates and loan terms if you have a good credit history.

Why should R2D Credit be my go-to lender for a medical loan?

R2D Credit is an approved money lender in Singapore with a team of highly qualified loan officers who are experienced in providing emergency financing services and handling a wide range of loans for borrowers with diverse needs. We pride ourselves on being one of the best money lenders in Singapore, with thousands of five-star Google reviews. Whatever your financial concerns, we will have the perfect solution for you.