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Medical
Loans
in Singapore (May 2025)

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Master All Your Loan Moves


ROSHI brings trust, wisdom and rewards to your borrowing journey.
Our name, inspired by "Rōshi" (老師 / ろうし), meaning "old master" in Japanese (Lǎoshī in Chinese), reflects our commitment to helping our customers master their loan moves with wisdom and confidence.

Updated May 14, 2025

MEDICAL LOAN CALCULATOR
Calculate your repayments

Loan Amount
34

$1,000

$200,000

Term
3

3 Months

48 Months

Monthly Interest
Your Monthly repayment will be
$9,700.88
Total Repayment

$58,200.00

Total Interest

$13,200.00

List of Medical Loan Providers in Singapore (May 2025)

Moneylender Max. Loan Amount
(Singaporeans)
Max. Loan Amount
(Foreigners)
Monthly Interest Rate Google Reviews ROSHI Approved
  • ROSHI partners exclusively with carefully vetted licensed moneylenders who meet our rigorous quality standards. The ROSHI approval check mark indicates that a moneylender has successfully passed our comprehensive evaluation
  • Best Licensed Moneylender 6 times monthly income 6 times monthly income 1-4% 5.0
    Orange Credit 6 times monthly income 6 times monthly income 1-4% 5.0
    1 2 Lend 6 times monthly income 6 times monthly income 1-4% 5.0
    EZ Loan 6 times monthly income 6 times monthly income 1-4% 5.0
    1 Fullerton Credit 6 times monthly income 6 times monthly income 1-4% 5.0
    1st Credit SG 6 times monthly income 6 times monthly income 1-4% 5.0
    365 Credit Solutions 6 times monthly income 6 times monthly income 1-4% 5.0
    Quick Credit 6 times monthly income 6 times monthly income 1-4% 5.0
    Raffles Credit 6 times monthly income 6 times monthly income 1-4% 5.0
    1 Cash 6 times monthly income 6 times monthly income 1-4% 5.0
    Close More Moneylenders

    *Today's Moneylenders Rates - 14 May 2025

    • Medical Loans Basic

    • Tips and Hints

    • FAQ

     

    Funding Medical Bills

    Medical loans help patients pay essential health expenses and medical bills usually not fully covered by insurance or personal savings. These types of personal loans cover costs for critical medical procedures, treatments, surgeries, hospital stays when financial circumstances are challenging.

    Comparing Medical Loan Options

    With borrowers often under both financial and health stress, lender practices require revision around critical factors including:

    Interest Rates
    The most reputable money lenders offer reasonable rates given applicant vulnerabilities.
    Approval Speed
    Professional lending providers decide quickly so treatment delays do not impact patient health.
    Allowed Usage
    Loan amounts should cover any legitimate medical costs both short and long-term.
    Lifeline and Obligations

    By financing unforeseen treatment expenses, medical loans can provide an important lifeline. But steep borrowing expenses still remain.

    Enabling Care
    Medical loans help finance urgent medical procedures or follow-up requirements.
    High Interest Expenses
    With interest rates potentially exceeding 3% per month, borrowers must still budget responsibly for loan repayments following care.
    Check Insurance Coverage

    Contact your health insurance and get clarity if treatment, medication, or medical device qualifies for any coverage before applying for a loan.

    Compare Interest Rates & Terms

    Research and compare multiple lending options, repayment plans, loan amounts and approval requirements to identify the most economical option.

    Discuss Payment Plans With Healthcare Providers

    Many hospitals and clinics offer their own lending options or payment arrangements. Discuss whether they can split costs over time with low or zero interest to avoid taking on a high interest medical loan.

    Consider Secured Loan Options

    Besides unsecured personal loans, secured options that use an asset like a car as collateral may offer lower interest rates.

    Check Charitable Assistance Eligibility

    Many nonprofit groups, charities, religious organizations and community sources provide assistance grants for specific health costs.

    Share Full Medical Details with Lender

    Providing all details about your condition, required procedures, estimated costs, and impact on income will provide a clear picture to lenders.

    What additional costs may come with medical treatments?

    Apart from surgery fees, continued care like follow-up appointments, complications requiring longer hospitalization, long-term medications, and supplemental procedures can increase costs of medical treatments in Singapore.

    Who can qualify for medical loans?

    Medical loans are open to Singapore Citizens, PRs with minimum 12 months employment, and foreigners holding valid S Pass, EP, DP, or work permits that have been working in Singapore for at least 6 months.

    What documents do applicants need?

    All applicants should provide NRIC, FIN, proof of income statements, and employers’ letters verifying employment terms. Singaporeans might also need to provide CPF contribution history.

    How long does the application process take?

    Applications can be submitted online and applicants can finalise contracts and receive funds on the spot at local Singapore money lender branches right after signing the contract.

    Can borrowers with existing debt qualify for a medical loan?

    Yes, some reputable money lenders work with borrowers even with those with lower credit scores and existing debt.

    Types of Personal Loans

    Don’t be a fool
    馬鹿なことはやめろ
    Borrow Wisely

    Mastering your loan moves starts with understanding the real cost of borrowing. We believe in empowering you with the right knowledge to make smart financial choices, not quick fixes that lead to debt traps. Our commitment is helping you borrow wisely and stay in control of your money. 

    Read Our Borrowing Guide
    Borrowing Wisdom Collection

    .Don't be a fool! #roshi #singapore #lending #borrowing

    Trust the original! #roshi #singapore #lending #borrowing

    .Don't be a fool! #roshi #singapore #lending #borrowing

    Trust the original! #roshi #singapore #lending #borrowing

    .Don't be a fool! #roshi #singapore #lending #borrowing

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