Medical Expenses Loans
We understand that unexpected medical expenses can be stressful and financially challenging. That’s why we’re here to provide the support you need to prioritise your health and well-being. With a Mega Cash GO medical expenses loan, you can cover the costs of treatments, procedures, and medical bills without delay, ensuring that financial concerns don’t hinder your access to essential care. Our medical expenses loans come with flexible terms and competitive rates, so you can focus on your recovery and peace of mind, knowing that you have the financial assistance you need when it matters most.
What is a Medical Expenses Loan?
A medical loan is a special type of personal loan designed to help cover out-of-pocket medical expenses not covered by Medicare or private health insurance. You can borrow up to $5000 to fund a wide range of healthcare services including psychology sessions, cosmetic procedures, fertility treatments, laser eye surgery, and more. With competitive interest rates and flexible repayment options, a Mega Cash GO medical loan ensures that you can prioritise your health and well-being without financial constraints.
Why apply for a Medical Expenses Loan?
In Australia, we are fortunate to have Medicare, which provides essential coverage for a wide range of medical services. However, some services remain uncovered or are only partially subsidised, leaving individuals to pay the gap. These treatments, tests, or procedures often come with substantial costs. Faced with these out-of-pocket expenses, many Australians turn to medical loans to finance the treatments they require or desire.
Here are several reasons why a medical loan could be the right choice for you:
- Access Essential Care: A medical loan provides immediate access to vital healthcare services, ensuring you receive the best possible care.
- Timely Treatment: Delaying necessary medical treatments due to financial constraints can exacerbate health issues and lead to poorer long-term outcomes.
- Peace of Mind: Knowing that financial assistance is available to cover medical expenses can provide you with peace of mind during times of illness or injury.
- Quality of Life: Invest in treatments and interventions that can boost your quality of life, such as corrective surgeries, mobility aids, or mental health therapies.
- Protect Your Savings: Safeguard your savings for future goals or emergencies while still addressing your healthcare needs.
What does a Medical Expenses Loan cover?
Whether you’re facing unexpected medical expenses or planning for elective procedures, our medical loans provide the financial support you need to prioritise your health without worrying about the immediate costs. Some of the healthcare expenses typically covered by a medical loan include:
- Elective surgeries
- Cosmetic procedures
- Specialist consultations
- Allied health services such as physiotherapy, occupational therapy, speech pathology, podiatry, and chiropractors
- Mental health or psychology services
- Medical tests such as blood tests or scans
- Medications
- Hearing and audiology treatments
- Eye surgeries such as LASIK or cataract surgery
- Prescription glasses or contact lenses
- Fertility treatments such as IVF
- Disability or aged care services
Types of Mega Cash Go Loans:
| Loan Feature | Small Loan | Personal Loan |
|---|---|---|
| Loan Amount | $300 to $2000 | $2050 to $5000 |
| Costs | 20% establishment fee + 4% of loan amount per month | Establishment fee of $400 + 36% p.a interest |
| Loan Terms | 1 to 12 month duration | 2 to 24 month duration |
Get the treatment you need, when you need it! Get Started Today.
Frequently Asked Questions
View all FAQ'sAm I eligible for a Mega Cash GO Medical Expenses loan?
If you are over 18, an Australian citizen or permanent resident and receive an income, you may be eligible for a Mega Cash GO Medical Expenses loan.
We verify all your details to make sure you’re in a position to repay. Our top priority is to ensure that you have a great experience and are able to comfortably repay your loan.
How much can i borrow for a Medical expenses loan?
Mega Cash GO offers loan between $300 and $5000! The amount you can borrow will be based on the amount you ask for and your personal circumstances at the time you apply.
Mega Cash GO will perform an identity and credit check with a credit reporting bureau, as well as assess your income and expenses to ensure that the product you choose is right for you.
How much does it cost?
You’ll always see a clear breakdown of all your fees and repayments before you confirm your loan. As a quick reference, though, here’s a general breakdown of fees:
Small Loan: If the principal amount you borrow is between $300 – $2,000 you’ll pay:
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Establishment fee: 20% of the principal amount
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Monthly loan fee: 4% of the principal a month
Medium Loan: If the principal amount you borrow is between $2, 050 – $5,000 you’ll pay:
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Establishment fee: $400 flat rate
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Interest Rate: 36% p/a
What do i need to get started?
Mega Cash GO has tried to make our application process quick and easy! We don’t like paper and boring consultation meetings. We do still need to know some things though…
What you will need to apply:
- Your internet banking details
- Two of the following forms of identification (driver licence, Medicare card or passport number)
- Your BSB and bank account number (so we know where to deposit your money)
- Plus all the usual stuff like your name, DOB, Address, employment information and details on your current expenses.
How do i apply for a Medical Expenses loan?
Apply: Apply here and answer some basic questions or download our app and apply.
Link: Link your bank account for instant approvals and cash delivery.
Verify: For security purposes, we’ll request that you verify your ID.
Approval: Your loan application is either approved or Denied. Either way, you’ll know if your loan’s been approved before the end of the day.*
*application must be received before 3:30pm AEST
Cash delivered! Once you’re approved, we’ll send you a direct deposit in minutes.
How quickly will i get my money?
We understand the importance of fast financing, especially while you’re focused on your recovery. Our technology enables you to upload all necessary documents directly from your mobile or computer, allowing us to provide you with a speedy response.
Once you’re approved, you’ll receive your funds within 5 minutes of confirming your loan.*
*Loan must be approved by 3:30pm AEST during banking days. Otherwise, the payment will be processed on the next business day. Clearance time is subject to your bank.
WARNING! Do you really need a loan today?
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
- For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.
- Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan.
- If you are on government benefits, ask for an advance from Centrelink: www.humanservices.gov.au/advancepayments
The Government MoneySmart website shows you how small amount loans work and suggests other options that may help you.* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
Apply and manage your loan in-app today!
