The medical loans lending companies sector specializes in providing financing options for healthcare expenses. This industry includes various players, such as online loan platforms and traditional lending institutions. They typically offer personal loans tailored for medical bills, dental procedures, and cosmetic surgeries. With increasing healthcare costs and limited insurance coverage, demand for medical financing options is on the rise. Furthermore, technological advancements have led to more streamlined application processes, enhancing accessibility for borrowers. Furthermore, partnerships with healthcare providers remain crucial, enabling patients to receive timely care without financial constraints.

This list highlights 23 medical loans lending companies, varying in size from small firms with fewer than 50 employees to larger entities employing hundreds. They are headquartered across multiple countries, including India, the United States, and Australia, and were founded between 1996 and 2020. Specializing in financial solutions for individuals facing medical expenses, these companies provide various offerings, from direct medical loans to patient financing options. Their innovative approach and services continue to cater to a growing market with increasing healthcare needs.

Continue reading to discover the top medical loans lending companies.

Top 23 Medical Loans Lending Companies Companies

1. LoanTap Financial Technologies

• Website: loantap.in
• Ownership type: Venture Capital
• Headquarters: Pune, Maharashtra, India
• Employee distribution: India 100%
• Latest funding: Other (Debt), $2.9M, February 2023
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: loantap-financial-technologies

LoanTap Financial Technologies, founded in 2016 and based in Pune, Maharashtra, is a financial services company that specializes in personal and business loans. The company operates through a user-friendly online platform, allowing for quick approval and disbursal of funds. LoanTap offers a variety of loan products tailored to meet the needs of consumers and businesses, including instant personal loans, MSME loans, and specialized loans for events such as weddings and holidays. Notably, they also provide medical loans, catering to individuals seeking financial assistance for healthcare expenses. As of February 2023, LoanTap secured funding amounting to ₹29,00,111, which reflects ongoing investor confidence in their business model and growth potential. With a workforce of around 288 employees, LoanTap is committed to delivering customized loan products, particularly targeting millennials and professionals in need of flexible financial solutions.

2. LendingUSA

• Website: lendingusa.com
• Ownership type: Private
• Headquarters: Los Angeles, California, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: lendingusa

LendingUSA, founded in 2015 and based in Los Angeles, California, is a private consumer financing company that specializes in providing personal loans and financing solutions. With a workforce of around 60 employees, the company operates primarily in the United States. LendingUSA serves a variety of sectors, including medical, pet services, funeral services, and tax resolution. In the medical sector, they offer financing options for services such as audiology, chiropractic care, cosmetic surgery, dental procedures, dermatology, general healthcare, LASIK, medical devices, and weight loss treatments. Their approach allows consumers to access necessary medical services through manageable payment plans, while also enabling healthcare providers to increase sales by offering financing options to their patients. This dual focus on both consumers and merchants highlights LendingUSA's commitment to facilitating healthcare access through financial solutions.

3. United Credit

• Website: unitedcredit.com
• Ownership type: Private
• Headquarters: Irvine, California, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2011
• Headcount: 51-200
• LinkedIn: united-medical-credit-inc-

United Credit, founded in 2011 and based in Irvine, California, is a private financial services company that specializes in consumer loans for medical and retail purposes. The company offers a range of loan options aimed at individuals seeking financial assistance for medical procedures, such as cosmetic and plastic surgery, bariatric surgery, fertility treatments, and dental procedures. United Credit has built a network of relationships with multiple lenders, allowing them to provide various financing solutions tailored to the needs of consumers. Their online application process is designed to be user-friendly, ensuring that individuals can easily access the funds they need for medical services. The company has evolved from its original focus as United Medical Credit to include retail loans, but it retains a strong emphasis on medical financing, making it a significant player in this niche market.

4. Rapid Loans

• Website: rapidloans.com.au
• Ownership type: Private
• Headquarters: Varsity Lakes, Queensland, Australia
• Employee distribution: Australia 84%, Zambia 8%, South Africa 8%
• Founded year: 2003
• Headcount: 11-50
• LinkedIn: rapid-loans-ltd

Rapid Loans, established in 2003 and based in Varsity Lakes, Queensland, Australia, is a financial services provider that specializes in quick and accessible loan solutions for individuals. The company has a workforce of approximately 49 employees and focuses on delivering a range of loan products tailored to meet various financial needs. Their offerings include personal loans, vehicle financing, and specific loan types such as medical loans, vet bill loans, and dental loans. Rapid Loans emphasizes customer service and aims to assist clients in achieving their financial goals. They have served over 50,000 customers, providing support for various life events, from weddings to home renovations. The company operates primarily in Australia, with a small presence in Zambia and South Africa, and has not reported any recent funding activities.

5. Credabl

• Website: credabl.com.au
• Ownership type: Private
• Headquarters: Sydney, New South Wales, Australia
• Employee distribution: Australia 100%
• Latest funding: January 2022
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: credabl

Credabl is a financial services company based in Sydney, New South Wales, Australia, founded in 2016. The firm focuses on providing tailored loans and financing solutions specifically for medical professionals, including doctors, dentists, and veterinarians. With a team that understands the unique circumstances of healthcare practitioners, Credabl offers a range of products such as business loans, personal loans, and equipment financing. Their approach is centered on delivering a streamlined and efficient loan process, ensuring that clients can access the funds they need without unnecessary delays. Credabl has built a reputation for exceptional customer service, as evidenced by numerous positive reviews from satisfied clients. The company operates entirely within Australia, catering exclusively to the financial needs of medical professionals.

6. Finbot Private Limited

• Website: finbot.in
• Ownership type: Private
• Headquarters: Hyderabad, Telangana, India
• Employee distribution: India 100%
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: finbot-private-limited1

Finbot Private Limited, founded in 2018 and based in Hyderabad, Telangana, India, is a financial services company that specializes in healthcare finance solutions. The company offers a variety of loan products specifically designed for healthcare practitioners, including doctors and hospital administrators. Their services include doctor loans, equipment loans, and project loans, all aimed at meeting the unique financial needs of the healthcare sector. Finbot operates through a digital platform that simplifies the loan application process, allowing for quick access to funding. With a workforce of 11-50 employees, the company has successfully catered to over 1,000 customers and facilitated loans amounting to over 800 crore INR. Their platform connects healthcare providers with multiple lenders, ensuring competitive interest rates and efficient loan processing. Finbot's focus on healthcare finance positions it as a significant player in this specialized market.

7. Splash

• Website: splashfinancial.com
• Ownership type: Venture Capital
• Headquarters: Cleveland, Ohio, United States (USA)
• Employee distribution: United States (USA) 94%, India 3%, Netherlands 3%
• Latest funding: Series B, $44.3M, June 2021
• Founded year: 2013
• Headcount: 51-200
• LinkedIn: splashfinancial

Splash Financial, founded in 2013 and based in Cleveland, Ohio, is a financial services company that specializes in personal loans and refinancing options. Notably, they provide tailored solutions for medical school loans, catering to individuals seeking financial assistance to manage their educational debt. Their platform allows customers to check rates and apply for loans from a network of lenders, streamlining the borrowing process. With a workforce of approximately 142 employees, Splash has established itself as a relevant entity in the financial services industry. The company secured $44.3 million in Series B funding in June 2021, reflecting strong investor interest in their business model and growth potential.

8. Arogya Finance

• Website: arogyafinance.com
• Ownership type: Private
• Headquarters: Mumbai, Maharashtra, India
• Employee distribution: India 100%
• Founded year: 2011
• Headcount: 11-50
• LinkedIn: arogya-finance

Arogya Finance, founded in 2011 and based in Mumbai, Maharashtra, is a private company that provides medical loans to individuals for various healthcare expenses. The firm focuses on assisting those who may not have access to traditional banking services, particularly in a country where health insurance penetration is low. Arogya Finance offers a range of loan products, including standard loans, pre-approved loans, and specialized loans for cancer treatment. They have developed partnerships with numerous healthcare providers, enabling patients to secure financing directly for their medical needs. The company employs innovative risk assessment tools to evaluate borrowers, allowing them to lend to individuals without collateral or formal income proof. This approach has positioned Arogya Finance as a vital resource for many families facing medical emergencies, helping them avoid financial distress during critical times.

9. Radius

• Website: bank.lendingclub.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1987
• Headcount: 51-200
• LinkedIn: radius-bank

Radius, known as LendingClub, is a digital marketplace bank based in Boston, Massachusetts. Founded in 1987, the company has evolved to provide a wide array of financial services, including personal loans, banking products, and investment opportunities. LendingClub aims to simplify the borrowing process and enhance financial wellness for its members. A notable aspect of their offerings is the LendingClub Patient Solutions, which focuses on healthcare financing. This service allows patients to secure loans for various medical treatments, including dental care and fertility services, with amounts reaching up to $65,000. The company operates entirely online, which helps keep costs low and offers competitive rates to borrowers. With a commitment to customer service and financial accessibility, Radius has positioned itself as a relevant player in the medical loans sector.

10. Proceed Finance

• Website: proceedfinance.com
• Ownership type: Private
• Headquarters: Lincoln, Nebraska, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: proceedfinance

Proceed Finance, founded in 2016 and based in Lincoln, Nebraska, is a private healthcare financing provider that specializes in dental and medical financing solutions. The company offers a range of financing options designed to make necessary treatments more affordable for patients. Their services include patient pre-qualification, which can be completed quickly and without affecting credit scores, and flexible repayment terms that cater to various financial situations. With loan amounts ranging from $2,500 to $75,000, Proceed Finance aims to bridge the gap between healthcare providers and patients, ensuring that financial constraints do not hinder access to essential medical services. The company emphasizes transparency and customer service, providing a straightforward application process and quick funding to support healthcare providers in delivering care. Their commitment to patient satisfaction and provider partnerships underscores their role in the healthcare financing industry.

11. Avant

• Website: avant.com
• Ownership type: Private Equity
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 93%, Other 7%
• Latest funding: December 2022
• Founded year: 2012
• Headcount: 501-1000
• LinkedIn: avant-us

Avant, LLC is a financial technology company based in Chicago, Illinois, founded in 2012. The company specializes in providing personal loans and credit card services, utilizing proprietary technology to evaluate creditworthiness. Avant aims to assist individuals in managing their financial needs through accessible lending solutions. Their product range includes personal loans for various purposes, such as debt consolidation, home improvement, and notably, medical loans. This inclusion highlights their commitment to addressing specific financial challenges faced by consumers. With a workforce of approximately 859 employees, Avant operates primarily in the United States, ensuring a strong presence in the domestic market. The company has not reported any recent funding, indicating stability in its operations and a focus on its existing product lines.

12. Harmoney

• Website: harmoney.com.au
• Ownership type: Private
• Headquarters: Auckland, Auckland, New Zealand
• Employee distribution: New Zealand 80%, Australia 10%, Fiji Islands 9%
• Founded year: 2013
• Headcount: 51-200
• LinkedIn: harmoney-ltd

Harmoney is a private lending company based in Auckland, New Zealand, founded in 2013. The firm specializes in providing personal loans for a variety of purposes, including debt consolidation, home improvements, and notably, medical expenses. Operating primarily online, Harmoney allows customers to apply for loans quickly and receive funding often within 24 hours. The company emphasizes flexible financial solutions tailored to individual needs, which is particularly important in the medical sector where costs can be unpredictable. Harmoney has been recognized for its innovative approach in the financial services industry, ranking in the Top 10 for the 2023 Australian Financial Review Most Innovative Companies Awards. With a workforce of around 143 employees, the company has a significant presence in New Zealand, with a smaller footprint in Australia and Fiji. Harmoney's commitment to customer service is reflected in their high ratings and positive customer feedback, further solidifying their role in the personal loan market.

13. NOW Finance

• Website: nowfinance.com.au
• Ownership type: Private
• Headquarters: Melbourne, Victoria, Australia
• Employee distribution: Australia 98%, Philippines 2%
• Founded year: 2013
• Headcount: 51-200
• LinkedIn: now-finance

NOW Finance is a private financial services company based in Melbourne, Victoria, Australia, founded in 2013. With a workforce of around 90 employees, the company specializes in providing personal loans to Australian consumers. Their offerings include a range of loan products such as debt consolidation, car loans, home renovation loans, and notably, medical loans. NOW Finance aims to simplify the borrowing process by eliminating fees and ensuring a straightforward application experience. They have garnered recognition in the industry, winning awards for their personal loan products, which reflects their commitment to customer satisfaction and service quality. The company operates primarily within Australia, with a small percentage of its workforce located in the Philippines. They have not reported any recent funding, indicating a stable operational model without reliance on external investment.

14. LendingPoint

• Website: lendingpoint.com
• Ownership type: Private Equity
• Headquarters: Kennesaw, Georgia, United States (USA)
• Employee distribution: United States (USA) 97%, Other 3%
• Latest funding: Other (Debt), $110.0M, March 2021
• Founded year: 2014
• Headcount: 201-500
• LinkedIn: lendingpoint

LendingPoint is a financial technology company based in Kennesaw, Georgia, founded in 2014. The firm specializes in providing unsecured personal loans, with a focus on making financing accessible to consumers across various credit scores. Their loan offerings include debt consolidation, home improvement, emergency loans, and notably, medical loans. LendingPoint utilizes proprietary technology to assess creditworthiness, aiming to facilitate affordable financing solutions for individuals. The company has received significant funding, with a reported last funding amount of $110 million in March 2021, which underscores its growth and operational capacity in the financial services sector. LendingPoint serves a wide customer base, having expanded its services to include small business and merchant point-of-sale lending solutions, further enhancing its market presence.

15. Alivio Capital

• Website: aliviocapital.com
• Ownership type: Private
• Headquarters: Monterrey, Nuevo Leon, Mexico
• Employee distribution: Mexico 86%, Brazil 14%
• Founded year: 2009
• Headcount: 51-200
• LinkedIn: alivio-capital

Alivio Capital, founded in 2009 and based in Monterrey, Nuevo Leon, Mexico, is a private company dedicated to providing financial solutions for medical expenses. With a workforce of approximately 43 employees, the firm has established itself as a key player in the medical financing sector. Alivio Capital specializes in offering loans for a variety of medical treatments, including surgeries and urgent care, allowing patients to pay in installments. The company has facilitated over 85,000 loans, demonstrating its active role in helping individuals access necessary healthcare services. Alivio Capital operates primarily online, which enables quick loan applications and approvals, catering to the urgent financial needs of patients. They collaborate with a network of over 1,000 doctors and medical facilities, ensuring that patients can choose their preferred healthcare providers while managing their financial obligations effectively.

16. Nitstone Finserv

• Website: nitstone.com
• Ownership type: Private
• Headquarters: Bengaluru, Karnataka, India
• Employee distribution: India 100%
• Founded year: 2017
• Headcount: 11-50
• LinkedIn: nitstonefinserv

Nitstone Finserv is a private financial services company based in Bengaluru, Karnataka, India, founded in 2017. With a team of 11 to 50 employees, the company specializes in a variety of loan products tailored for both individuals and businesses. Their offerings include personal loans, business loans, and notably, medical loans, which cater specifically to the financial needs of salaried individuals facing medical emergencies. Operating through an online platform and physical branches, Nitstone Finserv aims to provide accessible financial solutions. As a non-deposit taking Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India, they focus on evaluating financing gaps and structuring customized solutions for their clients. Their commitment to empowering customers through financial services is evident in their product range, which also includes loans for self-employed professionals, such as doctors, further highlighting their involvement in the medical financing sector.

17. Lm Pay S.A.

• Website: mediraty.pl
• Ownership type: Private
• Headquarters: Warsaw, Masovian Voivodeship, Poland
• Employee distribution: Poland 100%
• Founded year: 2010
• Headcount: 11-50
• LinkedIn: mediraty

Lm Pay S.A., founded in 2010 and based in Warsaw, Poland, is a private company that specializes in medical financing. The firm provides loans for a variety of medical procedures, including dental care, plastic surgery, and rehabilitation services. With a robust network of over 15,000 clinics throughout Poland, Lm Pay S.A. has established itself as a key player in the medical financing sector. The company offers flexible repayment options, allowing patients to manage their medical expenses more effectively. Each year, approximately 40,000 individuals utilize their services, highlighting the demand for accessible medical financing solutions. Lm Pay S.A. has also received recognition for its services, including awards such as the Laur Klienta in 2017 and 2018, which underscores its commitment to customer satisfaction and service quality.

18. Hfa

• Website: paybyhfa.com
• Ownership type: Private
• Headquarters: Franklin, Tennessee, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: healthcare-financing-of-america-llc

Healthcare Financing of America, LLC (Hfa) is a private healthcare financing company based in Franklin, Tennessee. Established in 2018, Hfa focuses on providing medical loans and patient financing solutions through a user-friendly digital platform. The company aims to alleviate the financial burden of medical expenses for patients while also supporting healthcare providers in enhancing patient care through accessible financing options. Hfa's platform offers real-time approvals, a streamlined application process, and various loan products designed to meet the specific needs of patients and providers alike. By facilitating quick access to funds, Hfa helps ensure that patients can receive timely medical care without the stress of financial constraints. The company operates entirely within the United States and has a small team dedicated to improving the patient financing experience.

19. GMoney Loans

• Website: gmoney.loans
• Ownership type: Private
• Headquarters: Mumbai, Maharashtra, India
• Founded year: 2020
• Headcount: 51-200
• LinkedIn: gmoneyloans

GMoney Loans, founded in 2020 and based in Mumbai, Maharashtra, is a private healthcare finance company dedicated to making quality healthcare accessible and affordable. With a workforce of approximately 79 employees, GMoney has quickly established itself in the industry by offering innovative financial solutions tailored for the healthcare sector. Their services include medical loans, cashless claim assistance, and advance payments against mediclaim, which help alleviate the financial burdens faced by patients and healthcare providers alike. Operating in over 100 cities across India, GMoney collaborates with numerous hospitals to enhance the medical financing process, ensuring that patients can receive timely treatment without the stress of upfront costs. Their commitment to improving healthcare access is evident in their partnerships with healthcare facilities, where they provide support in revenue cycle management and reimbursement claim assistance. GMoney aims to serve the middle class of India, addressing the financial challenges that often accompany medical care.

20. Nimble Australia Pty Ltd

• Website: nimble.com.au
• Ownership type: Corporate
• Headquarters: Gold Coast, Queensland, Australia
• Employee distribution: Australia 76%, United Kingdom (UK) 12%, India 12%
• Latest funding: September 2024
• Founded year: 2005
• Headcount: 51-200
• LinkedIn: nimble-australia-ltd

Nimble Australia Pty Ltd, founded in 2005 and based in Gold Coast, Queensland, is a corporate entity that specializes in providing quick cash and personal loans to consumers across Australia. With a workforce of approximately 51-200 employees, Nimble has established itself as a player in the lending market, focusing on small loans, emergency loans, and personal loans. Their loan offerings range from $300 to $5,000, with terms varying from a few weeks to nearly two years. Nimble emphasizes fast approval processes, aiming to deliver funds within 60 minutes of loan confirmation. They have facilitated over 1.7 million loans since inception, showcasing their operational scale and customer reach. The company also highlights its commitment to customer service, with an Australian-based call center available for support. While they do offer medical loans, they also cater to a wide array of personal financial needs, which may dilute their positioning as a dedicated medical loan provider.

21. iFinance Canada

• Website: ifinancecanada.com
• Ownership type: Corporate
• Headquarters: Toronto, Ontario, Canada
• Employee distribution: Canada 100%
• Latest funding: April 2022
• Founded year: 1996
• Headcount: 51-200
• LinkedIn: ifinance-canada

iFinance Canada, based in Toronto, Ontario, has been providing financing solutions since 1996. The company specializes in offering various financing options for medical, dental, pet care, home improvement, and automobile needs. Their medical financing products, such as Medicard and Dentalcard, are specifically designed to assist patients in affording necessary medical and dental procedures through manageable monthly payment plans. iFinance Canada serves both consumers and businesses, facilitating access to healthcare services by removing financial barriers. With a workforce of approximately 57 employees, the company operates entirely within Canada and has built a network of over 10,000 merchants across the country. Their commitment to providing instant approval and flexible payment options positions them as a significant player in the medical financing sector.

22. SAVY.lt

• Website: gosavy.com
• Ownership type: Venture Capital
• Headquarters: Vilnius, Vilnius, Lithuania
• Employee distribution: Lithuania 94%, United Kingdom (UK) 6%
• Latest funding: Seed, April 2015
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: savy-lt

SAVY.lt, founded in 2014 and based in Vilnius, Lithuania, operates as a peer-to-peer lending platform. The company connects borrowers with lenders, facilitating access to various financial products. These include consumer loans, refinancing options, and loans tailored for specific purposes such as home improvement, education, and notably, medical and health services. With a workforce of 34 employees, SAVY aims to provide a user-friendly online platform that serves both individual consumers and businesses. The company has gained recognition for its commitment to responsible lending practices, and its operations are regulated by the Bank of Lithuania. Although SAVY has not reported any recent funding, it has established itself as a significant player in the Lithuanian lending market, having issued a total of 114 million euros in loans to date.

23. FinCredit Limited

• Website: fincredit.co.ke
• Ownership type: Private
• Headquarters: Nairobi, Nairobi, Kenya
• Employee distribution: Uganda 50%, Kenya 50%
• Founded year: 1999
• Headcount: 11-50
• LinkedIn: aar-credit-services-limited

FinCredit Limited, founded in 1999 and based in Nairobi, Kenya, is a private micro-finance institution that specializes in providing a variety of financial services. The company operates in Kenya, Uganda, and Liberia, focusing on enhancing financial accessibility for both individual consumers and businesses. FinCredit offers tailored financial solutions to meet urgent needs, including logbook loans, salary check-off loans, pension loans, and notably, medical insurance financing. Through its partnership with AAR Insurance, FinCredit enables clients to access quality medical insurance, addressing a critical area of financial need. With a workforce of approximately 85 employees, the company has built a reputation for innovation and customer-centric services, aiming to enrich the lives of its clients through beneficial financial products.

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