Medical Loan

Lending Bee® medical loan helps with hospital visits, emergency procedures, operations & medication that easily cost thousands of dollars. We offer unsecured medical loans up to $300,000 SGD with longer loan tenures.

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We'll cover the costs. You just need to recover.

As the saying goes, “health is wealth”. One of the most important things in life is that you and your loved ones are happy and healthy.

However, life is unpredictable and a medical emergency can strike anytime. When a medical emergency befalls, it is not only the mental and emotional aspects of your life that are strained. Your finances will take a toll as well.

In times of a medical emergency, securing funds should be a quick and simple process. This is where a medical loan can come in handy.

A medical loan is intended to specifically fund your medical costs that cannot be covered by your health insurance. They cater for scheduled or emergency surgical procedures, necessary medical procedures, out of network charges, medical debt consolidation, or any other medical cost that may arise.

A medical loan from Lending Bee® can help to ease the burden of your medical costs, so that you can fully concentrate on what matters most: your health.

Benefits of a Medical Loan with Lending Bee®

Our medical loan stands out as we provide our borrowers with a wide range of unique benefits.

Fast loan approval
& disbursement

loan tenures

Ease of application
and approval


FAQ on Lending Bee's Medical Loans

Frequently Asked Questions

How does a medical loan work?

A medical loan is a form of unsecured personal loan that helps you pay for your medical expenses.

More often than not, these medical expenses are not covered by your MediSave and health insurance.

There may be times when your health insurance may not be able to fully cover the cost of your medical fees, due to their restrictions or limits.

A medical loan will be your next best option if you are looking to clear your medical bills.

What are some uses of a medical loan?

With a medical loan, you will be able to cover for the for costs including, but not limited to:

  • Surgical procedures
  • Non-surgical procedures
  • Consultation visits
  • Emergency surgery
  • Hospitalization costs
  • Medicine
  • Follow-up visits
  • Medical tests

What makes your medical loan different from other financial institutions?

The three main differentiating factors between our medical loan compared to other financial institutions are:

  • Speed
  • Ease of application
  • Service rendered

We believe in providing you with a medical loan in the shortest time possible.

This is why we have streamlined our borrowing process into 3 simple steps.

Moreover, we do not go through rigorous credit checks and also do not require much paperwork.

Ultimately, our experienced loan officers will be there to guide you on the best medical loan package for your needs and provide professional advice so that your medical expenses will be well taken care of.

What are the things to consider before applying for a medical loan?

1. Type of loan required

Before you enter into any loan contract, it is important to discern between secured and unsecured loans.

  • Unsecured loans have a lower borrowing threshold. However, they do not require collateral.
  • Secured loans have a higher borrowing threshold. However, they require collateral.

2. Interest rates

Ensure that you are getting the best interest rates as they will significantly affect your monthly repayments.

Additionally, there may be hidden fees that you might be unaware of:

  • Origination fees
  • Service fees
  • Underwriting fees

Lending Bee® does not practice any of such fees. Additional fees, if any, will be made known to you before you sign your loan contract. 

3. Loan tenure

Your loan tenure will also have an impact on the cost of your total loan. Ensure that you work with a loan tenure that is comfortable with you so that you can make comfortable repayments.

4. Your current financial situation

This is going to be the most vital factor. Know where you currently stand in your finances so that you will be able to make better financial decisions, especially on the loan amount that you are looking to apply for.

What are some of the common medical procedures and their cost?

Below is a list of some common and emergency medical procedures, and the estimated costs after government subsidization, under a public hospital, class B2 (do expect to pay more if you opt for a private hospital):

Source: Ministry of Health Singapore

Why do people consider taking out a medical loan?

The medical costs do not just stop after a surgery. There are many other things that have to be taken into consideration

Think follow up check-ups, further complications during surgery which may result in a longer hospital stay and medication.

There may also be some situations where the problem cannot be solved with just a single surgery. The patient might have to be on long term medication, or require subsequent surgeries thereafter.

All these equate to additional costs. This is why we have served many borrowers looking to apply for a medical loan.

As we strive to help with your medical financing costs, you will then be able to devote your time to what matters most: your health.

We understand that medical emergencies and procedures can place quite a dent on your finances, which is why our medical loan can provide you with the timely financial assistance that you require.

Who is eligible for a medical loan?

To qualify for a loan with Lending Bee®, you’ll simply have to:

  • Be a Singapore Citizen, Permanent Resident or a Foreigner with a valid work permit
  • Be at least 21 years old
  • Be permanently employed for at least 3 months

What documents are required to obtain a medical loan?

For Singaporeans / PRs:

  • Proof of identity (NRIC, passport)
  • Proof of income (CPF / bank statements)
For Foreigners
  • Work Permit / S Pass / E Pass
  • Proof of residence (Utility bills, phone bills, tenancy agreement, etc.)
  • Payslips / bank statements

What is the application process for a medical loan like?

At Lending Bee®, all applications for our medical loans are kept fast and simple.

  • Step 1: Submit your application via our online application form.
  • Step 2: We will drop you a call regarding your loan application status within the hour.
  • Step 3: Head down to your selected Lending Bee® branch, do a face-to-face verification, sign the contract and receive your loan.

How fast can I receive my loan?

We will disburse the funds to you immediately after you have accepted and signed our loan contract at any of our branches.

I have existing loans with other licensed moneylenders / Lending Bee®. Am I still eligible for a loan?

Yes, you are still welcome to apply for a loan with us!

Lending Bee® aims to help as many borrowers as possible and provide them with one of the best loan packages in the market.

We are here to serve your needs.

I have a poor credit score. Can I still apply for a medical loan?

Yes, you can still apply for a medical loan with us. We aim to help our borrowers regardless of their credit scores.

This is why we do not have specific restrictions with regard to credit scores.

Will I be charged if I make early repayments?

No, we do not charge any fees for early loan repayments.

Outstanding interests, if any, will also be nullified once you have finished repaying your loan earlier than the date stipulated in your loan contract.

Will my loan documents and information be mailed to my home?

No, we do not mail any of your loan information to your home.

All loan details will be kept digital, and private with us, unless a physical copy is requested.

Additional Resources on Medical Loans

Our Latest Customer Reviews

Borrow with confidence. Lending Bee® licensed moneylender has more than 1,900 positive customer reviews on Google Business.

Virginia N R
Virginia N R
30 November 2023
Mr Soh was clearly explaining to me about the loan payment. He was very friendly and easy to converse with. Thank you! ☺️
25 November 2023
Soh is friendly and helpful, explains well
23 November 2023
Mr. Soh very professional
23 November 2023
I was serve by Dominic..
Aliff luffy
Aliff luffy
22 November 2023
Ok lah there never discriminate Malay.. very easy to get loan here if u Malay rather the go else where around here.. ? Better choose lending bee
Deetot Mario
Deetot Mario
21 November 2023
Thank you mr soh. Fast and steady 👍🏼👍🏼
Muhammad nuh
Muhammad nuh
19 November 2023
Ms soh good service
Coleen Ortiaga
Coleen Ortiaga
19 November 2023
Mr. Soh is very helpful and accommodating.
19 November 2023
My agent Soh has been very nice and helpful the process was very quick and efficient i would definitely come here again
Jae Town
Jae Town
18 November 2023
Good and fast service!

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