Cover medical expenses

Focus on the right medical treatment and let an Upstart powered personal loan cover the rest.

Fund your medical expenses quickly and easily

Average medical loan $5,142.52** | 3 & 5 year terms2 | 5.22% - 35.99%2
cover unexpected medical expenses
Cover Unexpected Medical Expenses
Emergency or urgent medical expenses don’t have to destroy your finances
use a personal loan for elective procedures
Elective Procedures
Use a personal loan for IVF, surgery, or orthodontics, among other procedures
lower rates compared to credit cards
Lower Rate
10% lower rates than traditional models.3
fast and easy application process
Fast and Easy Process
99% of applicants get money just 1 business day after accepting their loans.4

Medical loan FAQ


What is a medical loan?

Since not all medical costs are covered by your health insurance, an Upstart medical loan can be used to pay for out-of-pocket health costs. As a medical financing option, you can use this loan toward unexpected hospital bills and planned medical procedures.

Also, if you already have existing medical loans, consolidating multiple loans into one, unsecured personal loan can help make managing your debt simpler. While most loans through Upstart are unsecured, certain credit unions may place a lien on other accounts you hold with the same institution. It is important to review your promissory note for these details before accepting your loan.


Can I use a medical loan for elective procedures?

A medical loan gives you the flexibility to finance the procedures you feel you need. Elective procedures can be costly — whether you’re thinking about LASIK eye surgery, fertility treatments, or a hip replacement procedure, medical loans can help in these situations.

For example, you can use an Upstart powered personal loan for some of these expenses:

  • Infertility treatments (IVF/in vitro fertilization)
  • Cosmetic surgery
  • Orthodontics, veneers or Invisalign
  • Hair loss/hair replacement
  • Weight loss, gastric bypass


Why not just use my credit card?

Although credit cards can be used to finance medical costs, credit card interest rates can be significantly higher than medical loan rates. If you use your credit card toward other purchases outside of medical bills, you might notice varying monthly payments, too. With a medical loan, you’ll have a fixed monthly payment for a set duration of time. This means no surprises month over month so you can focus on a speedy recovery.


Are there other ways to save on my medical expenses?

Yes, there are ways to lower the cost of your medical expenses overall. You can:

  • Choose a health insurance plan for your current and future needs
  • Ensure your health providers are in-network
  • Negotiate your medical debt with your provider and insurance company
  • Use preventative care services

When consolidating your existing medical debt with Upstart, you might qualify for a lower interest rate. Reducing your interest rate can potentially save you hundreds of dollars over your loan term.


What will a medical loan do to my credit score?

Checking your rate for an Upstart powered medical loan doesn’t negatively impact your credit1, because only a “soft credit check” is conducted. Once you accept your medical loan offer and rate, a “hard inquiry” is done to verify your credit information and history.When a hard credit inquiry is performed, your credit score may be impacted temporarily.

** The average loan amount for medical bills is based off of actual borrowers who identified "medical bills" as their primary use of funds as for the last 90 days as of April 1, 2022.