Medical Loans in Singapore - Bedok - Flexible Payback Plans

Why Choose Tradition Credit
for Medical Loans?

High Approval Rates

Our inclusive lending criteria mean higher approval rates, ensuring that more individuals have access to the financial support they need.

No Hidden Fees

Transparency is key to our operations. With Tradition Credit, what you see is what you get - no hidden fees, no surprises.

Fast Loan Approval

We understand the urgency of medical emergencies. Our streamlined process ensures quick approval and disbursement, providing you with the funds when you need.

Flexible Payback Plans

Everyone's situation is different. That's why we offer plans that let you pay back your loan in a way that works for you.

How can you manage the financial strain of unexpected medical emergencies? The fear of falling ill and facing insurmountable medical bills is a common concern for many. The unpredictability of health issues, whether it’s an accident or a sudden illness, adds to the stress.

This concern grows even more when it involves the health of a family member. Ensuring the safety and well-being of ourselves and our loved ones is paramount, and medical emergencies underscore the importance of having a support system.

In times of health crises, no matter how minor, it’s crucial to lean on trusted individuals for support. However, when faced with the financial burden that these emergencies can bring, one viable option is to consider securing a medical loan through traditional credit sources.

This approach can provide a lifeline by offering the necessary funds to cover medical expenses, thereby alleviating some of the financial pressures during such challenging times.

Tradition Credit, a stalwart in Singapore’s lending landscape since 1994, emerges as your trusted partner, offering a beacon of hope and support through its comprehensive medical loan solutions. With a legacy built on trust, reliability, and customer-centric services, we are dedicated to empowering you to navigate through life’s financial challenges with ease and confidence.

What is a Medical Loan?

A medical loan is a type of unsecured personal loan specifically designed to cover healthcare-related expenses. This can include costs arising from unexpected medical emergencies, necessary surgeries, or the management of chronic diseases.

Healthcare costs can be significantly high, as evidenced by data from Singapore’s Ministry of Health, which shows that even minor medical issues like a superficial ankle injury can incur bills around $1,000.

More complex medical situations requiring extensive consultations and prolonged hospital stays can result in expenses that soar into the tens of thousands.

Tradition Credit‘s medical loans are versatile, covering a wide range of medical expenses, including but not limited to surgical and non-surgical procedures.

Our team of professional and friendly financial consultants is here to support you through the loan application process. We take the time to understand your unique circumstances, offering personalized loan packages that meet your specific needs. At Tradition Credit, we’re more than just a lender; we’re your partner in navigating life’s financial challenges.

How Does a Medical Loan Work?

Applying for a personal loan through a bank can be a lengthy process, often taking as long as two weeks for approval. Additionally, banks have strict application requirements, making it difficult for those without a strong credit history to secure a loan quickly when they urgently need it.

Medical loans, on the other hand, are designed to cover all types of medical expenses, including routine check-ups, medications, surgical procedures, consultation visits, hospital stays, and subsequent follow-up visits.

At Tradition Credit, we recognize the urgency of medical emergencies. That’s why we’ve streamlined our loan approval and disbursement process to ensure you receive the funds swiftly and without hassle. Our goal is to ease your financial burden as quickly as possible, allowing you to concentrate on what truly matters: your health.

Moreover, with Tradition Credit, there are no hidden fees or surprises. We believe in providing clear, upfront information about all costs associated with your medical loan. Our commitment to fairness and transparency ensures that you can make informed decisions without worrying about unexpected charges.

Secure Your Medical Loan Today!

Applying for a medical loan at Tradition Credit is a straightforward process, designed to provide financial assistance promptly when you need it most. Our loans are accessible to Singaporeans, Permanent Residents, and foreigners, ensuring that everyone has the opportunity to receive the support they need during medical emergencies.

Start Your Application Online: Begin by filling out our simple online application form. This can be done from the comfort of your home, at any time that suits you.

Quick Response from Our Loan Officer: Once your application is submitted, one of our dedicated loan officers will contact you within the same day or the next. We aim to address your needs promptly, ensuring a smooth and efficient process.

Visit Our Office for Verification: Present the necessary documents for verification. For Singaporeans and Permanent Residents, bring your NRIC or passport and proof of income, such as CPF statements or bank statements. Foreigners are required to provide additional documentation, including a valid work permit and proof of residence.

Immediate Loan Approval and Disbursement: Our goal is to review and approve your loan application. Once approved, the funds will be disbursed to you immediately, allowing you to address your medical expenses without delay.

Apply for a medical loan with Tradition Credit today and experience peace of mind knowing that we’re here to support you every step of the way.

Call us now at 6283 1323

Our personal loans specialists will attend to you immediately
Monday - Friday: 11:30 - 20:00
Saturday: 11:30-19:00

Apply Online For Personal Loan

Tradition Credit: Your Compassionate Partner for Medical Loans

For over two decades, Tradition Credit has been a pillar of trust and integrity in Singapore’s lending industry. As a licensed moneylender and a proud member of the Credit Association of Singapore (CAS), we adhere to the highest standards of professionalism. Our longstanding reputation is a testament to our commitment to serving our clients with respect and understanding.

In times of health emergencies, Tradition Credit stands ready to provide the financial support you need with compassion, integrity, and efficiency. Our medical loans are designed to offer quick relief, transparent terms, and flexible repayment options, all backed by our legacy of trust and excellence in service.

Let us be your partner in health and financial well-being!

Contact Tradition Credit today to learn more about our medical loan options and how we can help you navigate through life’s unexpected challenges with confidence and ease.

FAQ – Interest rates and fees

What are the fees that moneylenders can charge?
With effect from 1 October 2015, all moneylenders are only permitted to impose the following charges and expenses:
- a fee not exceeding $60 for each month of late repayment;
- a fee not exceeding 10% of the principal of the loan when a loan is granted; and
- legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.
What should I consider before taking up a loan?
Before approaching a moneylender, consider other alternatives, such as the various financial assistance schemes offered by various Government agencies.
You are legally obliged to fulfil any loan contract you enter into with a licensed moneylender.
Borrow only what you need and are able to repay. Be mindful that if you are unable to meet the contractual terms, the late payment fees and interest payment will be a financial strain not just on yourself but also on your family.
What should I do after being granted a loan?
- Make sure the moneylender delivers to you the correct principal amount of the loan.
  The moneylender is only permitted an upfront deduction of a loan approval fee of up to 10% of the principal amount.
- Pay the loan instalments on time to avoid incurring late payment fees and late interest.
- You should retain all statement of accounts and receipts of payments, as documentation and evidence of payments.

Applying For Personal Loans in Singapore

We get you the cash when you need it.
Simple, fast and secure.
Borrowing with us is done in 3 easy steps.

Step 1
Apply Online

Complete our simple online application form, it only takes a few minutes. We will contact you & discuss your application & options.

Step 2
Submit and verify

Bring along your supporting documentation, we will verify your eligibility and confirm facility amount.

Step 3
Get Funds

Sign your documentation and you will get the funds on the same day. Many of our loans are funded within the same day of applying.

All The Great Loans in One Place. Tradition Credit.

Simple, Fast and Secure

Getting a fast cash loan in Singapore can be actually easier than it seems. Here in Tradition Credit, we offer a hassle-free and yet reliable fast personal loan application process online. Getting a fast cash loan in Singapore has never been easier. We have proven to have a strong and consistent track record in offering emergency fast credit cash loans to many Singaporeans in their time of need.

With many years of experience in handling individuals with imperfect credit score, we have still managed to offer fast personal loan packages to many within a short period of time legally. If you are looking to get a quick cash loan or personal loan in Singapore for your own financial needs, you should first engage our consultants and we will be more than happy to offer you a free consultation over the phone or even at our office.