Low rate medical finance

If you are faced with unexpected medical expenses, a RateSetter medical finance plan is the easier more affordable way to help you manage the cost of your healthcare


Medical loans

Medical expenses for you or your family members can come suddenly and unexpectedly. RateSetter staff will handle your loan application quickly and professionally to ensure minimum delay to you or your family.


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Takes 1 minute and won't affect your credit score

Fast and professional finance for medical expenses

RateSetter is Australia's leading peer-to-peer lender, connecting lenders with creditworthy individuals. Finance all or part of your out-of-pocket medical expenses with the clinician of your choice. Finance is a simple and stress-free, with low monthly repayments and no teaser rates or hidden fees.

  • Low interest rates

    We reward good borrowers with low rates

  • Flexible loan options

    Secured and unsecured personal loans from $2,001 to $45,000, from 6 months to 5 years

  • Simply smarter

    No exit fees, no early repayment penalties, and easy online loan management

  • Fast online application

    1 minute RateEstimate. 5 minute application

A RateEstimate is obligation-free and doesn't impact your credit score. If you successfully receive a RateEstimate, you can proceed to the 5 minute online application.

Cover for all type of medical procedures

We provide finance for a wide range of medical procedures, including:

  • General surgery
  • Bariatric surgery
  • Cardiology
  • Dermatology
  • Ophthalmology (including laser eye surgery)
  • Orthopaedic
  • Gynaecology / IVF
  • Otolaryngology (ENT)
  • Urology
  • Plastic, reconstructive, and cosmetic surgery

Medical loans in 48 hours

Save time before applying by making sure:

  • You are aged 21 or over
  • You are an Australian citizen or permanent resident
  • You have a regular source of income
  • You have a good credit history

Get a RateEstimate now
  1. 1

    Apply online in 5 minutes

    Complete our fast and simple application in less than 5 minutes
  2. 2

    Hear from us in 2 hours

  3. 3

    Get a decision in 24 hours

  4. 4

    Receive your funds in 48 hours

A healthier alternative to high interest credit cards

You could save thousands by using RateSetter medical finance instead of your high-interest credit. See how we compare:

personal loan
credit card
Comparison rate11.17%*19.75%
Monthly payments$328$741
Interest paid over 3 years$1,815$3,333
Savings with RateSetterUp to $1,518

*Comparison rate based on rates available for a 3 year, $10,000 unsecured personal loan for a borrower with a good credit history as at 5 May 2017. WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Your personalised rate may be different to the example. ‡Credit card rate stated is RBA F5 average ‘standard' credit card interest rate as at April 2017 and excludes any annual or monthly fees. Credit card calculation assumes repayment of $10,000 balance over 3 years. Both calculations assume 36 equal monthly payments and no prepayment amounts.

Helping Australians stay healthy


Value of personal loans funded

30,000+ delighted borrowers

Pay for treatment with Australia's top rated personal loans

RateSetter is rated 4.8 / 5 by our borrowers on independent review website ProductReview.com.au and 5 / 5 by rating agency Canstar. RateSetter offers the highest rated personal loan in Australia. 


"I'm very time poor and I was travelling overseas in a week and managed to finalise a loan. All of my queries were answered by email and I was able to speak to staff whenever I needed clarification."

Mirella Sydney

"Thank you for making the borrowing such a wonderful experience. The team at Ratesetter have made the application so user friendly. '...'  I would recommend highly to borrowers that want hassle free experience. Thank you"

Jose Sydney

"I found the whole process very easy - very helpful, friendly staff. It's great that you can log in anytime to see your balance etc. and pay extra if you are able without penalty - much, much better than any bank."

Frank Melbourne
Sydney Morning Herald - Borrowers

"Watch out big banks, here comes RateSetter"

News - Borrowers

"RateSetter may be about to revolutionise the unsecured credit sector in the same way Aussie and Wizard rocked the mortgage market in the 1990s"


Frequently asked questions

Ready to apply for a medical loan?

Get a RateEstimate now

RateSetter personal loan repayment terms range from a minimum of 6 months to a maximum of 5 years. Interest rates range from 4.0% p.a. (comparison rate 11.17% p.a.) to 17.9% p.a. (comparison rate 18.43% p.a.), subject to change depending on the rates offered by lenders in our Lending Markets.

*Representative example: Based on $10,000 loan with a 36 month term for a borrower with a good credit history at a comparison rate of 11.17% p.a. the estimated total amount payable including all applicable fees is $11,815 (interest payable is $1,337.40).

Rates stated as at 6 November 2018 and are subject to change. RateSetter credit criteria and terms and conditions apply.

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