Medical Expenses Financing

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Get pre-qualified for loan offers with an easy online form

Won't impact your credit

Checking offers will not impact your credit score

Competitive payment options

Funding up to $100,000 and APRs as low as 4.99%1

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Same-day and next-day available for certain offers2
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Medical Expense Loans

Our health is a top priority. But unfortunately, health comes at a cost. If you have found yourself having to choose between your health and your finances, you may be in need of medical expenses financing.

Quick. Simple. Secure.

How To Apply For Medical Expenses Financing

1 Pre-qualify

Fill out easy online form to check for pre-qualified offers with no impact to your credit score

2 Select offer

Compare terms and payment options to select offer that’s best for you

3 Finish application

Complete application process on your selected lender’s website

4 Receive funding

After loan approval, your funds should arrive within 1-2 business days2

“The process couldn’t have been any easier. I filled out a short form that took me less than 2 minutes and within seconds I got multiple offers from lenders.”


- Mike T. (TN)

“It was important to me that I could review my offers without any impact to my credit score, before deciding on the best loan option.”


- Carol R (FL)

“I like the easy online and 100% paperless experience of Acorn Finance. I received my money two days after completing my application.”


- Bob S (WI)

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Learn More About Medical Expenses Financing

Keep reading to learn more.

Read more - FAQ

Is there such a thing as a medical loan?

Most loans that are marketed as medical loans are actually personal loans that can be used for any major purchase or expense. In some cases, healthcare financing companies offer their own payment plans and loans that are designed to be offered through your doctor’s office.
Medical loans can be used for a variety of healthcare expenses including insurance premiums, hospital bills, prescription medications, surgical procedures, and dental care.

What is a medical loan?

Medical loans are any type of loan that are designed to help patients cover minor and major medical expenses. They are typically structured as unsecured personal installment loans.
A medical loan may be offered through your doctor’s office, a healthcare financing company, your local bank or credit union, or an online lender such as LightStream, Upgrade, or SoFi. At Acorn Finance you can check offers from top national online lenders within 60 seconds or less. The best part – your credit score will not be impacted.
Medical loans offer another alternative to using cash or credit cards for your medical bills.

How do you finance medical expenses?

Many patients encounter costly medical expenses that are not covered by insurance – if they have insurance coverage at all. In these cases, financing provides an easy way to cover the gap.
You can finance your major or minor medical expenses a number of different ways including a credit card, healthcare credit card such as CareCredit, personal loan, home equity line of credit, home equity loan, or even in-house loans and payment plans offered by your doctor’s office.
Similarly, you can use a Health Savings Account (HSA) or Flexible Spending Account (FSA) if you have one offered through your employer. These accounts allow you to use money contributed before taxes for eligible healthcare expenses.

What credit score is needed for medical financing?

In most cases, lenders want to see a credit score of 660 and above in order to approve you for the best interest rates, and your application for medical financing is no exception. Some financial institutions do not work with borrowers with low scores at all, while others will approve applicants with poor credit as long as they are willing to pay higher rates and fees.
Online lenders are more likely to approve consumers with bad credit. For example, the online lender Upgrade offers unsecured personal loans to applicants with credit scores as low as 560.

Can I pay a medical loan with my HSA?

A Health Savings Account (HSA) allows employees to use pre-tax contributions to cover qualified medical expenses. Medical expenses can be paid for directly or reimbursed using the funds in the account, as long as they were incurred after you opened your HSA. You can also reimburse yourself for medical bills that are in collections or medical expenses that were paid for using a credit card. If your medical loan is a payment plan arrangement made directly with your doctor’s office or other healthcare provider, you may be able to use your HSA to pay. On the other hand, if your medical loan is through a third-party or if the expenses were incurred before you opened your HSA account, you will need to find another way to pay off the balance.
This is because payments made to reduce the balance of a credit card or loan are not qualified medical expenses but reimbursing yourself for out-of-pocket medical costs originally paid with the credit card or loan can be (as long as the expense was incurred after you opened the HSA).
In addition, you will not be able to use your HSA balance to pay any of the interest or fees associated with the loan or credit card.

How do medical procedures make money?

Doctors, surgeons, and hospitals make money from insurance payouts or from cash payments from their customers. Doctors with their own practice rely on these payments to keep their business running, whereas doctors who are contracted by a major healthcare network may receive a salary from that company directly. Although medical expenses are skyrocketing, which can be frustrating for consumers, healthcare providers still need to get paid to cover their own salary or operating costs. Healthcare financing can help you pay your medical bills more easily.

Can I get a medical loan with a 500 credit score?

Some lenders can still consider applicants that have low credit scores. For example, the online lender Upgrade allows borrowers with credit scores as low as 560 to obtain financing, while OneMain Financial and LendingPoint can qualify borrowers with credit scores as low as 600. In addition to credit score factors such as income or debt-to-income may impact eligibility.
If you have a credit score of 500, this is likely going to be too low for approval. While you can try, you may be better off trying to improve your credit first.
Thankfully, applicants with poor credit may still be able to get a medical loan if they can find a friend or family member who is willing to cosign for them. When you use a cosigner, the credit score and other qualifying information of that individual is used to help you obtain the loan.

Can I get a medical credit card with bad credit?

For the best odds at getting approved for a medical credit card, and the best chances of qualifying for the best rates, lenders will typically want to see a credit score of 660 and above.
However, you may be able to obtain a medical credit card even with moderately bad credit.
Healthcare credit cards to consider include CareCredit, the Wells Fargo Health Advantage card, and the AccessOne MedCard. Each of these financial institutions has their own list of qualifications for approval. For example, CareCredit has been reported to approve applicants with scores as low as 600. Some lenders such as AccessOne do not run your credit at all.
If you are able to find and qualify for a card with a 0% introductory APR, this can be one of the best ways to finance medical expenses as long as you pay off the balance in a timely manner.

How can I get a loan for surgery?

To get a loan for surgery, you can check with your doctor’s office or other healthcare provider first to see if they offer their own in-house financing. If not, you can pursue getting a personal loan from a variety of different financial institutions including banks, credit unions, and online lenders. Online lenders and credit unions typically offer the best rates and the fastest access to cash without the strict loan requirements of the big name banks.
So just how do you find the best loan for surgery without spending tons of time? Acorn Finance. It’s easy. Simply fill out the form online and receive personalized loan offers within 60 seconds or less. With no impact to your credit score, you really have nothing to lose – and everything to gain.

Can you pay a medical loan in installments?

Medical loans are typically structured as installment loans, meaning that the loan balance is paid back in equal monthly installments. Paying for any major expense in this way is a more manageable way to cover the cost as opposed to shelling out the cash up front. Similarly, your doctor’s office may be able to offer you a payment plan that is also set up in equal installments.

What are the pros & cons of medical financing?

The major benefit of medical financing is that it helps consumers afford the medical care they need, with or without insurance. If you need a surgery, medication, medical test, or other treatment that you would otherwise not be able to afford, the option of medical financing can help make healthcare more accessible to you. Personal loans provide patients with quick access to cash, flexible loan terms, and unrestricted use of funds – all at competitive interest rates that are often lower than credit cards.
On the other hand, some forms of financing can come with high interest rates, and scams are common. Consumers must be careful not to be taken advantage of by predatory lenders.
Before choosing a financing offer, make sure you have done your homework. Time crunch or not, you should start by comparing offers at Acorn Finance.
Need medical expenses financing? Check offers now!
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