- Reasonable Requirements
- Interest-free options
- Treatment coverage
- Card acceptance
- Online portal
The requirements to be a candidate for a Med Loan card are very reasonable. Typically, you must have a credit score of at least 650 and make at least $30,000 per year to qualify. For these patients, there are potential loans that require no money down and a certain number of interest-free months. However, the company is very willing to work with you if you don't meet these requirements. If that's the case, you can still receive a loan, but you might have to pay more interest or money down.
Med Loan approves loans that range between $500 and $100,000. Depending on your credit score and your health history, you can go between 6 and 21 months without paying interest. After that interest-free period, you pay between 9.9% and 22.9% in interest. Med Loan functions through interest rates and not APR rates. Even though those interest rates are high, it's good that you will likely have a starting period in which you don't have to pay any interest.
You can use a loan from this company for essentially any medical procedure. The industries they cover include plastic surgery, dermatology, hair transplants, infertility and adoption, bariatric treatments and weight loss, hospitalization, dental procedures, vision, funerals, and even medical tourism. This is a wide array of industries, which means your credit card from Med Loan is flexible and will very likely work for the treatment you need it for.
A credit card from Med Loan acts like a regular credit card from either Visa or MasterCard. This comes with its own set of benefits, including the fact that you can use it at any facility that accepts Visa or MasterCard. In other words, you don't have to use a search engine to make sure your doctor is enrolled with Med Loan in order to use your loan; chances are very high that your provider will accept the card.
One customer service option that Med Loan can be praised for is its online patient portal. Through this, patients can log in to set up payments (whether you choose to pay them online or via mail). This provides flexibility, convenience, and transparency. For further questions you might have, they also provide a phone number, fax, and email address you can submit concerns to.
Med Loan Finance is a great option for a variety of customers in the sense that this card is widely accepted by most facilities, their loans can be used for a lot of different treatments, and they work with patients to cut costs on interest. This company can also be praised for its flexibility and willingness to work with customers who don't bring solid credit to the table.