Why This Page Exists For Patients, Not Paperwork
Bills That Arrive All At Once
Medical costs rarely travel alone. A single procedure can trigger separate invoices from the specialist, the anaesthetist, the facility and the imaging lab. It is common to face gap fees even with private cover. Our role is to turn that stack into a clear schedule you can live with.
Costs Health Cover Doesn’t Fully Pay
Medicare helps, and private insurance helps, but many treatments still leave a gap. Hospital excess, known gap arrangements, out of pocket pharmacy items and travel to appointments all add up. A focused medical loan bridges the shortfall so you can follow your care plan without delay.
What A Loan From Loan Owl Can Cover
Hospital and Specialists
Use funds for hospital excess, day surgery fees, surgeon and anaesthetist invoices, imaging and pathology. If your care involves staged procedures, you can apply once and allocate the money across those bills.
Dental and Allied Health
From root canals and crowns to braces, wisdom teeth removal, physio blocks and psychology sessions. Where your
dental or mental health fund runs out, a small top up can keep treatment on track.
Devices, Rehab And Travel For Care
Hearing aids, CPAP machines, mobility aids and post‑op rehab programs often fall outside full cover. Regional patients may also need help with
emergencies like fuel, accommodation or parking for specialist visits. Your loan can include these practical costs that happen
last minute.
How To Apply For A Medical Loan At Loan Owl
- Gather your details – a treatment quote or estimate, valid photo ID and the last 90 days of bank statements.
- Apply online – the form takes minutes and works on mobile or desktop.
- Assessment – we review income, regular expenses and recent banking to confirm what is affordable.
- If approved – you review the amount, total cost and repayment dates. After acceptance, funds are sent to your bank account.
Costs You’ll See Up Front
You will see the establishment fee, any monthly service fee, any interest, the repayment amounts and the total payable before you accept. There is no fee for early payout. Paying out early reduces future charges because costs are recalculated to your payout date.
What Speeds Things Up And What Slows It Down
Faster Outcomes
- Clear, readable bank statements and ID uploaded with the application
- A treatment quote or itemised estimate that sets a sensible loan amount
- Bank account in the same legal name as your application
Faster Outcomes
- Incomplete documents or names that do not match between ID and bank account
- First time payee holds at your bank or public holidays
- Late evening approvals that move to the next business day
Compare Your Options Before You Borrow
Medicare And MBS Gaps
Check the Medicare Benefits Schedule item numbers on your quote so you know the rebate and the expected gap. Ask the provider for a written informed financial consent that lists all likely charges.
Private Health Gap Cover And Excess
Some insurers offer no gap or known gap arrangements with contracted providers. Call your fund to confirm your hospital excess and any annual limits before you decide on the loan amount.
Provider Payment Plans And State Ambulance Schemes
Many clinics allow staged billing for longer treatment plans. Some states offer ambulance cover memberships. Explore these options first to lower the amount you need to borrow.
How We Assess Affordability and Protect Your Data
Medical Loan FAQs
Can I use one loan across several providers?
Yes. Many customers split funds across a surgeon, anaesthetist, facility and imaging bill. Keep each invoice so you can track what was paid.
Do I need a confirmed surgery date to apply?
No. A written estimate helps us size the loan, but you can apply while dates are being set and choose a first repayment that matches your pay cycle.
Can I include hospital excess and post‑op medicines in the same loan?
Yes. You can cover the excess, gap fees and out of pocket pharmacy items within one approval if the total fits your budget.
What if my procedure is postponed?
Tell us as soon as it changes. We can move the first repayment to line up with the new date so your cash flow stays stable.
Will you contact my doctor or clinic?
No. Your application is private. We only review the documents you provide and will not contact providers without your permission.
How do you assess income if my hours drop during recovery?
We look at recent averages in your bank statements and set a schedule that remains affordable. If recovery takes longer, contact us early to discuss options.
Can I repay the loan early if a health fund reimbursement arrives?
Yes. You can make extra repayments at any time or ask for a payout figure. Early payout reduces future charges.
Do you accept Centrelink payments as part of income?
We may consider Centrelink alongside wages or other income. Approval depends on overall affordability and recent account conduct.
Will a credit check occur?
Yes. As part of our responsible lending practices we may check your report with Equifax, Experian or illion. We focus on your current position and ability to repay.
How quickly are funds available after approval and signing?
Most decisions arrive within hours. Funds are typically available within 24 hours after you accept the contract, noting your bank’s processing times.
Apply Now
.png)
%20(18).png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
%20(14).png)
%20(16).png)
.png)
%20(27).png)
%20(25).png)
%20(24).png)
%20(30).png){kind=small}
%20(17).png)
.png)