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Medical Loans

Time to invest in your health? Take control of your finances. Apply online and get a response in 60 seconds.

Start here

Find out your estimated interest rate in 2 minutes

Already have a rate? Retrieve your rate
13 28 26
Get my rate estimate

Why choose a Latitude loan?

Simple application

  • Apply online in under 7 minutes
  • Only a few documents needed for ID and income verification

Flexible financing

  • No early repayment fee on variable loans
  • Access additional repayments you’ve made when you need them with Redraw on variable loans

Solutions to suit you

  • Our team will help you through the process
  • Loan options tailored to your specific needs

What can I use my medical loan for?

You can use your Latitude medical loan if you're borrowing for one of the below categories:

  • Audiology services
  • Bariatric surgery
  • Cosmetic surgery
  • Dental/Orthodontics
  • ENT surgery
  • Hair restoration surgery
  • Laser hair treatment
  • Laser eye surgery
  • Obstetrics
  • Orthopaedics
  • Sleep apnoea treatment
  • Veterinary care for your pet

Get an estimate of your repayments

I'd like to borrow
$200,000
Loan term
4 years
At an interest rate of
8.99% p.a.
8.99%
(10.67% Comparison rate p.a*)
29.39%
Fixed or Variable?
Repayments every
Estimated repayment including typical fees
$5,012/month
Total interest paid
$39,359
Total amount paid
$240,546
ⓘ View Fee Breakdown
Get your personalised rate

This calculator is provided for illustrative purposes only and does not constitute a quote or pre-qualification. The interest rate you may be offered can differ from the interest rate displayed above and will be based on your personal circumstances. The total amount paid includes establishment and monthly fees. See all Fees & Charges for this product.

Compare our fixed and variable loan options to find the right fit

Frequently asked questions

How is my interest rate determined?

What is a comparison rate?

What is redraw?

Secured vs Unsecured loan?

Fixed Loan

Best for stability

Variable Loan

Best for flexibility
Interest rate from
8.99
%
p.a.^
to
29.39
%
p.a.^
Comparison rate from
10.67
%
p.a.*
to
30.97
%
p.a.*
 Interest rate from
9.49
%
p.a.^
to
29.39
%
p.a.^
Comparison rate from
11.16
%
p.a.*
to
30.97
%
p.a.*
  • Rates remain fixed for the entire loan term
  • $500 early termination fee (up until the final 3 months of loan term)
  • Flexible repayment options with weekly, fortnightly, or monthly repayments
  • Rates are subject to change throughout the loan term
  • No early termination fee
  • Flexible repayment options with weekly, fortnightly, or monthly repayments
  • Redraw extra repayments at no cost

Why choose a fixed rate?

A fixed rate makes budgeting easier. It’s ideal if you want certainty and peace of mind. Your interest rate stays the same, no surprises, no changes.

Why choose a variable rate?

A variable rate offers flexibility. Ideal if you want to pay off your loan early with fewer restrictions.

Establishment fee $395

Loan service fee $16.50 per month

Direct debit fee $0

BPAY® payment handling fee $1.95

Late payment fee $45 if minimum repayment is not made by the agreed date

Early termination fee $500 (up until the final 3 months of loan term)

Loan amount From $5,000

Repayment frequency Weekly, fortnightly, or monthly

Loan terms

  • 2 to 7 years
  • Secured or unsecured

Establishment fee $395

Loan service fee $16.50 per month

Direct debit fee $0

BPAY® payment handling fee $1.95

Late payment fee $45 if minimum repayment is not made by the agreed date

Early termination fee $0

Loan amount From $5,000

Repayment frequency Weekly, fortnightly, or monthly

Loan terms

  • 2 to 7 years
  • Secured or unsecured

Frequently asked questions

How is my interest rate determined?

What is a comparison rate?

What is redraw?

Secured vs Unsecured loan?

Calculator and tools

Loan repayment calculator

Budget planner

Applying for a Latitude Personal Loan is simple

1. Check your rate

Get your personalised rate online in 2 minutes without impacting your credit score.

2. Apply online

Submit your ID details and proof of income. Get a response within 2 business days.

3. Accept

Accept your loan contract digitally through our customer portal.

4. Get your funds

Funds released within 24 hours of receiving your signed contract and banking details.

Check your eligibility

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Frequently asked questions

What can I use my Latitude Medical Loan for?

Application and approval

Fees, charges and interest

Frequently asked questions

What can I use my Latitude Medical Loan for?
What can I use my Latitude Medical Loan for?

You can use your Latitude Medical Loan for medical procedures if you're borrowing for one of the below health categories:

  • Audiology services

  • Bariatric surgery

  • Cosmetic surgery

  • Dental/Orthodontics

  • ENT surgery

  • Hair restoration surgery

  • Laser hair treatment

  • Laser eye surgery

  • Obstetrics

  • Orthopaedics

  • Sleep apnoea treatment

  • Veterinary care for your pet

If you have something in mind, or want more information on Personal Loans for medical and surgical procedures, give us a call 13 28 26 to discuss a solution that suits you.

How much can I borrow with a Latitude Medical Loan?

The minimum amount you can borrow for a Latitude Medical Loan is $5,000, with the maximum depending on your circumstances and current financial situation.

How do I make repayments on my Latitude Medical Loan?

You can opt to make weekly, fortnightly or monthly repayments by Direct Debit or BPAY®.

Payment via BPAY® will incur a payment handling fee of $1.95.

BPAY® and the BPAY® logo are registered trademarks of BPAY Pty Ltd ABN 69 079 137 518.

Useful forms to manage your Latitude Medical Loan

Direct debit set up form [PDF]

Third party authority [PDF]

What is redraw?

Redraw is a feature of Latitude Variable Rate Personal Loans that gives access to additional repayments you've made on your loan. There's no cost to redraw and no need to reapply for a new loan. Call 1300 973 422 to see if you are eligible.

Do all Latitude personal loans allow redraw?

Only Latitude Variable Rate Personal Loans have redraw available.

Application and approval
When will I get a decision on my Latitude Medical Loan application?

In most cases, you can expect to receive a decision on your medical loan application in 1-2 working days.

How long till I receive funds for my Latitude Medical Loan?

Once your Latitude Medical Loan is approved and signed, your funds are usually available the next business day or no more than two working days (depending on your circumstances).

What is the eligibility criteria for a Latitude Medical Loan?

At a minimum, you will need to:

  • be currently employed and earning at least $25,000 gross per annum
  • be an Australian Permanent Resident
  • be at least 18 years of age
  • Be able to demonstrate a good credit history for the last 5 years
  • Be free from bankruptcy for the last 7 years

Other credit and approval criteria will apply depending on your situation. In most cases, you can expect to receive a decision on your loan application in 1-2 working days.

Do I need to provide security for a Latitude Medical Loan?

Whether you need to provide security or not will vary depending on your personal circumstances and the loan amount you have applied for.

Fees, charges and interest
Will the interest rate on my Latitude Medical Loan be Fixed or Variable?

You can choose whether your Latitude loan is fixed or variable. Interest rates may vary depending on the type of Latitude Medical Loan you apply for. Fixed loans have a fixed interest rate for the term of the loan. With a Latitude Variable medical loan the interest rate could change during the term of your loan.

How is interest calculated on a Latitude Medical Loan?

Interest is calculated daily and charged to your account on a monthly basis.

Will I be charged a fee for making extra payments?

With a Latitude Medical Loan, you can make extra payments whenever and however you like. Be aware that for a Fixed loan, an early termination fee of $500 applies if you payout your loan in full up until the last 3 months of the loan. Payment handling fees of $1.50 apply when making extra repayments via BPAY®. BPAY and the BPAY logo are registered trademarks of BPAY Pty Ltd 69 079 137 518.

How can I avoid paying late fees on my Latitude Medical Loan?
  • Paying by direct debit saves you time and the hassle of manual repayments, it also helps you to avoid fees from missed or late payments.
  • Make sure you have sufficient funds in your account so all direct debits and other scheduled payments can be made.
  • If your circumstances change which could affect your repayments, call us on 13 28 26 to discuss your options.
  • You can also make additional repayments so you pay off your loan sooner and save on interest1.

    • 1Early termination fee applies.

    Important information

    ^ Approved customers only. Terms, conditions, fees and charges apply for Latitude Personal Loan. All applications are subject to lending and approval criteria.

    Loan terms range from 2-7 years for Latitude Personal Loan.

    Latitude Variable Personal Loan rates range from 9.49% p.a. to 29.39% p.a. (comparison rates 11.16% p.a. to 30.97% p.a.).

    Latitude Fixed Personal Loan rates range from 8.99% p.a. to 29.39% p.a. (comparison rates 10.67% p.a. to 30.97% p.a.).

    * The Comparison rate for the above products are based on $30,000 over 5 years.

    WARNING: These comparison rates apply only to the example or examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

    EXAMPLE: A personal loan of $30,000 borrowed for 5 years with an interest rate of 15.99% p.a. (17.61% p.a. comparison rate), would equate to a total amount payable of $45,330 (including a $395 establishment fee and $16.50 monthly loan servicing fees).

    Results from the calculators should be used as an indication only, and they do not represent either a quote or pre-qualification or approval for a loan. The calculator should only be used as a guide to see how loan repayments can vary when you change the loan amount, interest rate and loan term. Fees and charges are payable and the calculators do not take these into account.

    1 You can make additional payments at any time, however, an early termination fee may apply on a Fixed loan up until the last 3 months of your loan term.