Medical Loans
When doctor’s fees leave you feeling sick, our medical loans will do the trick.
Medical expenses tend to creep up on us and saving up for surgery often isn't a feasible solution. That’s where our personal loans can help.
A medical loan is a personal loan that’s used to pay for surgery and medical expenses not covered by Medicare or your private health insurance.
You simply apply for the funds you need to pay for your treatment and repay the loan in easy-to-manage repayments. It’s that easy!
Our personal loans come with:
From essential procedures that can't wait, to boosting your confidence with cosmetic surgery, our medical loans fund a variety of medical services.
In need of something else? This list is not exhaustive and you can still apply or contact us via live chat if you have any questions.
Use the personal loans calculator to estimate your repayments.
Read up on our education loans for medical students.
From competitive interest rates to no monthly fees, you’ll be saving smarter, not harder.
That means no shareholders. Our profits go back into new products and clever ways to help you manage your money.
Get a detailed look into the features across all of our personal loans. Compare personal loans
It’s normal to take your time deciding which loan is right for you.
If you’d like some assistance, call us on 133 282 for a chat.
Yes. Your loan contract will be set up for monthly repayments initially, but if you prefer to pay in weekly or fortnightly instalments simply call us on 133 282 or drop into a branch and we can arrange this for you.
An Unsecured Fixed Personal Loan charges a fixed interest rate for the entire life of the loan. This means you’ll enjoy the certainty of always knowing how much your repayments will be. However, you won’t be able to take advantage should there be a decrease in the lending interest rates.
An Unsecured Variable Personal Loan charges an interest rate that is subject to change. This means you could enjoy a lower rate, should the lending rates change. However, you could incur a higher interest rate if the lending rates increase.
A comparison rate encompasses the true cost of the loan, which includes the interest rate plus all the relevant fees and charges for a loan.
Loans are issued by Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions and fees apply.
Rates current as at 12 May 2022 and subject to change.
Your loan contract will state the minimum monthly repayment amount. You can arrange with us to make repayments on a weekly or fortnightly basis.
1. Comparison rate accurate for $30,000 secured loan over 5 years. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
2. Comparison rate accurate for $30,000 unsecured loan over 5 years. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
3. $3,000 minimum loan amount in branch, $5,000 minimum loan amount online. Available loan term is 1 to 7 years.
4. $3,000 minimum loan amount and $100,000 maximum loan amount available in branch. $5,000 minimum loan amount and $75,000 maximum loan amount available online. Available loan term is 1 to 7 years.
5. A $200 minimum withdrawal amount applies for redraws conducted in-branch. Redraw facility is available for Great Southern Bank Personal Loan products on offer from 6 June 2017.
6. It may be possible to have your loan approved and funded on the same day! To be eligible you must submit your application online before 11am AEST Monday to Friday (excluding public holidays), provide all required information and documents upfront, and accept the loan contract by 2pm. Payment of funds same day is unavailable if your application is referred for more detailed assessment. Subject to system availability. Time to receive funds may be affected by your bank’s clearance times. Lending criteria applies.
7. You will need to hold a Great Southern Bank everyday account when the loan is funded.