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Unexpected medical expense?

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.

How does a medical loan work?

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!

Medical loans from Great Southern Bank

Our personal loans come with:

  • A personalised interest rate.
  • $0 monthly account fee.
  • Fee-free extra repayments.
  • No penalties for early payout.
  • Free redraw – in case you need your additional repayments.3
    What can I use a medical loan for?

    From essential procedures that can't wait, to boosting your confidence with cosmetic surgery, our medical loans fund a variety of medical services.

    Our customers have used medical loans for:

    • Audiology services
    • Bariatric surgery
    • Cosmetic surgery
    • Dental and orthodontics
    • ENT surgery
    • Elective surgery
    • Hair restoration surgery
    • Hip replacements
    • Laser hair treatments
    • Knee surgeries
    • Obstetrics
    • Orthopaedics
    • Respiratory condition treatment
    • Sleep apnoea treatment

    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.

    Take the stress out of doctor’s bills

    Use the personal loans calculator to estimate your repayments.

    Studying medicine?

    Read up on our education loans for medical students.

    Eligibility checklist

      You must be

    • At least 18 years of age
    • A permanent resident of Australia
    • Receive a regular income
    • Have not been bankrupt or insolvent in the last five years
    • You’ll need

    • An email address and contact number
    • Existing Great Southern Bank customer number (if you're already a customer)
    • Australian driver's licence, Medicare or passport details
    • Employment and income details
    • Details of any existing loans and expenses
      How to get a medical loan
      1. Apply online
      It should take 10 minutes.
      You will need proof of ID and your current financial situation.
      2. Approvals
      If approved, you will receive your loan contract to accept online.
      3. Access your money
      Your loan is paid into your Great Southern Bank account.4 You can also view repayment details online and on our mobile banking app.
      We've been putting customers first for more than 75 years.
      Flexible loan options

      Pay it off your way.

      Clever features to help you save money

      From personalised interest rates to no monthly account fees, you’ll be saving smarter, not harder.

      We’re customer owned

      That means no shareholders. Our profits go back into new products and clever ways to help you manage your money.

      A personalised rate* tailored to your credit score

      Unsecured Fixed Personal Loan
      Loans from $5,000 to $75,000.
      Interest rate from
      Comparison rate from2
      Used for

      Medical loan FAQs

      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.

      What is a personalised interest rate?

      A personalised interest rate is an interest rate based on an assessment of your credit score. If you have an excellent credit score and a good history of repaying loans, credit cards and other bills, you’ll likely be offered a lower interest rate.

      When you apply for a personal loan your individual situation and your credit score will be considered when calculating your personalised interest rate.

      Learn more with our guide to understanding our personal loan interest rates.

      What is a comparison rate?

      A comparison rate will help you identify the true cost of the loan, which includes the interest rate plus all the relevant fees and charges for a loan.

      Can I make repayments on a weekly or fortnightly basis?

      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.


      Calculate your medical loan repayments

      An ideal loan for a range of purposes. Learn about personal loan types
      Available for new or used cars and motorbikes up to seven years old. Learn about personal loan types
      Available for electric and hybrid cars up to seven years old. Learn about personal loan types
      Available for eligible green purchases. Learn about personal loan types
      Must be between $5,000 and $100,000.
      Loan term (years)
      Repayment frequency
      Estimate your credit rating
      Tell us what you think your credit rating may be and we can estimate your interest rate. What’s a credit score?
      Estimated repayments
      Interest rate for good credit
      Comparison rate2
      This estimate is based on information you've provided. Your interest rate and repayments will be confirmed on assessment.
      Apply now
      Apply in 10 minutes
      Your total repayments will be $XX,XXX. Your total interest will be $X,XXX.

      The calculations provided are estimates only and are based upon the information entered by the user. The calculations do not include upfront or continuing credit fees and charges and do not constitute a loan application or variation to an existing facility, loan offer or loan approval.

      Your contracted personal loan repayments will be set to a monthly frequency, meaning you will need to meet the agreed repayment amount by the due date stated on your loan contract each month. To meet this minimum monthly amount, you can however make repayments weekly or fortnightly.

      Ready to apply?
      Your funds could be a few clicks away.
      Apply now

      Learn more about personal loans

      Handy tips to help you find the loan that's right for you.
      Tips on how to get a personal loan

      Looking for a personal loan but unsure how to get started? We can help! This guide offers tips and advice for getting a personal loan.

      Read more
      How much do braces cost?

      Do we offer a loan for braces? Yes, you can opt for a dental loan which can fund dental work that is not covered by Medicare or your private health insurance. Pay for any dental procedure & we’ve got you covered.

      Read more
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      Get in touch
      We're here to help.
      Call 133 282

      Mon - Fri: 8:00am - 7:00pm (AEST)
      Sat: 8:00am - 4:00pm (AEST)

      Find a branch
      Speak to one of our friendly staff at a branch near you.
      Connect online
      Chat to us or browse help topics and FAQs.
      Important Information

      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 7 March 2024 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 examples are accurate for a personal loan amount of $30,000 secured loan over a term of 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 examples are accurate for a personal loan amount of $30,000 unsecured loan over a term of 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. 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.

      4. You will need to hold a Great Southern Bank everyday account when the loan is funded.

      *The rate you are offered is calculated based on your personal circumstances and credit history. A few different factors are considered, including:

      • Your credit score.
      • Information provided in your application.
      • Existing loans.
      • The loan amount and your perceived ability to repay the loan.

      Your personalised rate won’t be confirmed until you receive an offer from us (if approved) and is subject change before your loan settles.