Grace Enfield, Content Writer
@grace_enfield
Yes, medical loans do exist, but most are just personal loans that can be used to cover the cost of medical expenses, such as a life-saving operation, a hospital stay or prescription drugs. You can get a medical loan from a bank, a credit union or an online lender. Hospitals may also provide medical loans, but these loans are funded by banks that partner with the hospitals.
The best medical loans are from LightStream because the company offers loans of $5,000 - $100,000 with APRs of 5.99% - 24.49% and repayment periods of 24 - 84 months. To qualify for one of these loans, you’ll need to have a credit score of 660+, according to multiple third-party sources.
Best Medical Loans (March 2023)
| Lender | Loan Amounts | APRs | Repayment Periods |
| $5,000 - $100,000 | 5.99% - 24.49% | 24 - 84 months | |
| $500 - $50,000 | 5.99% - 17.99% | 12 - 60 months | |
| $2,000 - $50,000 | 7.99% - 35.99% | Up to 60 months | |
| $1,000 - $40,000 | 8.05% - 35.89% | 36 or 60 months | |
| $2,000 - $50,000 | 6.99% - 35.99% | 24 or 36 or 48 or 60 months | |
| $5,000 - $50,000 | 7.99% - 29.99% | 24 - 60 months | |
| $2,000 - $35,000 | 9.95% - 35.99% | 24 - 60 months |
You can read more about the best medical loans on WalletHub. Then, you can estimate your potential rates with our free pre-qualification tool.
2022 Best Personal Loans Offer
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Are medical loans a thing?
Yes, medical loans are a thing and are available from banks, credit unions, and online lenders. Medical loans are just general-purpose personal loans that can be used to finance costly medical expenses, such as surgery, fertility treatment, prescriptions and emergency room visits.
The best medical loans are from LightStream because... read full answer
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