3 Credible Loans for Medical Bills

Loans for Medical Bills

Loans for medical bills are designed to help manage and finance medical treatment by covering thousands of dollars in hospital bills.

Even with health insurance, you may end up paying a fortune for medical expenses. That’s when medical loans come in handy to pay back your outstanding bills.

In the United States, not all medical treatments are covered under health insurance and you might have to apply for a medical loan for any premeditated surgery or emergency treatment.

Loans for Medical Bills – The Financial Help for Hospital Expenses

Medical loans are unsecured personal loans that are applied to pay for outstanding medical debts or emergency procedures or planned surgeries without having to risk your assets for health treatments.

One can apply for a medical loan to pay for the following:

  • Elective surgeries
  • Dental treatments (root canals and more)
  • IVF treatments
  • Plastic surgeries
  • Out-of-the-network medical expenses

Without insurance, an individual may face significant financial strain due to deductibles and unpaid medical bills. Hospital bills can also ruin one’s finances and damage one’s credit score.

Medical loans are a helpful alternative to high-interest credit cards and other options. Taking a personal loan for medical expenses can be a viable option when dealing with pricey medical debts and hospital stays.

If your credit score is low, there are ways to get a medical loan with bad credit.

That said, let’s compile the list of top loan providers for medical bills in the USA.

Loans for Medical Bills – The TOP 3 Lenders to Finance Your Medical Expenses

1. Avant

Avant is one of the renowned loan providers in the USA for getting secured or unsecured loans. You can borrow money from Avant to cover your medical expenses, even with a bad credit score.

Once your loan application is approved, funds will be deposited into your account the next business day.

Moreover, Avant does not ask for hidden charges that you might be asked to pay later. It only asks for simple fixed monthly payments.


  • Lenders may not offer medical loan services in all states, so applicants are advised to verify availability before applying.
  • Borrowers with a minimum income of $24,000 and a credit score of 580 are eligible to apply for a medical loan from Avant.

For more info, visit https://www.avant.com/

2. Upstart

Upstart is an Artificial Intelligence-based lending platform or in other words loan-matching services provider to get you the best bank options for getting a medical loan.

At Upstart, you can borrow money from Upstart-powered banks with high approval rates and deliver the ultimate digital experience.

Both good and bad credit score holders can apply for a medical loan to pay their outstanding hospital bills.

The platform is known for providing its users with a fast and convenient loan application procedure. Almost 99% of the borrowers received funds in their account on the next business day after applying.


  • The minimum credit score required to get the loan is 580.
  • The borrowers can use the medical loans for elective procedures, including IVF, dental treatments, surgery, or emergency treatments.
  • Checking your rate for getting a medical loan would not impact your credit score negatively.

For more info, visit https://www.upstart.com

3. LightStream

For individuals with good credit scores looking for a medical loan, LightStream could be the best option to pay their out-of-pocket hospital bills.

The good thing about LightStream medical loans is that there are no penalties for prepayment and no hidden charges for anything.

After applying for the loan, the amount will be credited to your account on the next business day.

Applying for a medical loan and getting the loan is now a hassle-free experience, thanks to the straightforward services offered by LightStream.

You also get a discount on a medical loan if you opt for the autopay service provided by LightStream.


  • Borrowers with a minimum of 660 credit scores are eligible to get medical loans from LightStream.
  • LightStream offers medical loans in most states of the US, excluding Rhode Island and Vermont.
  • Those in a big financial crisis can apply for a medical loan with LightStream.

For more info, https://www.lightstream.com/medical-financing

See Also

What is a VA Loan?

Loans for IVF

Home Loans for Healthcare Workers

Medical Loans for Bad Credit

How to Dispute Medical Bills

Current Version
January 19, 2021
Written By
Victoria Abigail Friedland

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