Medical Loans: Best Rates for September 2025

If you’re looking for medical loans for a big medical expense, consider BHG Financial. This lender offers large loans and long repayment terms to match. 

A long repayment term can make a big loan more affordable because monthly payments are typically lower. In exchange, you’ll pay more total interest.

Although this lender accepts even “fair” credit, you won’t qualify for BHG’s biggest loans if you don’t have excellent credit. And if you plan on getting a large loan, BHG Financial’s origination fee can be steep. For instance, a $200,000 loan with an 4.00% origination fee means BHG will keep $8,000.

To get a loan from BHG Financial, you’ll need to meet the following requirements: 

• Administrative: Have a Social Security number and email address
• Credit score: 660+

BHG Financial’s average borrower has a score of 744, no past bankruptcies or collections and an annual income of $241,000. Not all of BHG Financial’s loans, loan amounts, rates or terms are available in all states. 

LightStream offers online loans with no fees. It also has a rate-matching program called Rate Beat. If you get a better rate while you’re shopping around, LightStream might beat it by 0.10 percentage points.

Because of this, you may want to apply for a few other loans directly after accepting LightStream’s loan — try to do all the applications within 14 days so the hard-pull credit checks have the least impact on your credit score. 

If another company gives you a better rate, don’t accept it right away. Instead, send that loan offer to LightStream at least two days before it sends you your money. If the competitor’s offer qualifies, LightStream will beat its rate.

Note also that LightStream doesn’t have preapprovals or prequalifications for their loans. 

LightStream doesn’t specify its exact credit score requirements, but you must have good to excellent credit to qualify. Most of the applicants that LightStream approves have the following in common: 

• At least five years of on-time payments under a variety of accounts (credit cards, auto loans, etc.)
• Stable income and can handle paying their current debt obligations
• Savings, whether in a bank account, investment account or retirement account

LendingClub Patient Solutions isn’t a true personal loan. Instead, it’s a medical financing option. It partners with doctors and dentists to offer low-cost payment plans to eligible patients. You can borrow as little as $500, and 0% financing may be available. 

The obvious downside to LendingClub Patient Solutions is that it’s only available with select providers. Ask yours if it partners with LendingClub. You can also search for providers when you’re prequalifying on LendingClub Patient Solutions’ website. 

If your provider doesn’t participate, and you don’t need to borrow much, you can find small personal loans online instead. 

LendingClub Patient Solutions doesn’t specify what credit score it requires, but you can check eligibility online. At minimum, you must meet the requirements below to qualify: 

• Age: At least 18 years old
• Administrative: Have a Social Security number, U.S. address and a valid government-issued ID

A quick loan can be a lifesaver if you need care urgently, like a sore tooth. That’s where SoFi might help. 

It states that from 2023 to 2024, 83% of SoFi borrowers got same-day funds on most types of loans. However, you have to apply before 6 p.m. EST on a weekday.

SoFi loans start at $5,000, so they won’t work for everyone. To qualify for its lowest rates, SoFi will also ask to keep a portion of your loan as an origination fee. Compare offers that do and don’t include an origination fee to see which one works best in your favor.

You must meet the requirements below to get a loan from SoFi:

• Age: Be the age of majority in your state (typically 18)
• Citizenship: Be a U.S. citizen, an eligible permanent resident or a non-permanent resident (including DACA recipients and asylum seekers)
• Employment: Have a job or job offer with a start date within 90 days, or have regular income from another source
• Credit score: 680+

Personal loan platform Upgrade offers both secured and unsecured loans. A secured loan requires collateral. With Upgrade, collateral is your car or, for eligible homeowners, your built-in cabinetry and light fixtures. 

Collateral can help make it easier to get approved or a lower rate, since it lowers the risk for the lender. If you fall too far behind, Upgrade can make up some of its losses by repossessing your collateral. 

Collateral or not, Upgrade isn’t typically the cheapest for those with stellar credit. Its minimum APR is 7.99%, and it charges an origination fee of 1.85% - 9.99% on every loan. Many lenders waive this fee if you have excellent credit.

To qualify for a loan through Upgrade, you must meet the requirements below:

• Age: Be at least 18 years old (19 in some states)
• Citizenship: Be a U.S. citizen, permanent resident or live in the U.S. with a valid visa
• Administrative: Have a valid bank account and email address
• Credit score: 580+

Upstart could be perfect if you have bad or no credit. It has an ultra-low 300 minimum credit score requirement, and if you have at least an associate degree, you might not need credit at all. The same applies to current college students.

Getting a medical loan with bad credit has its downsides. Between higher rates and origination fees, borrowing will be expensive. Be sure to have a plan to pay back what you borrow before signing your loan agreement.

Upstart has transparent eligibility requirements, including:

• Age: Be 18 or older
• Administrative: Have a U.S. address, personal banking account, email address and Social Security number
• Income: Have a valid source of income, including a job, job offer or another regular income source
• Credit-related factors: No bankruptcies within the last three years, reasonable number of recent inquiries on your credit report and no current delinquencies
• Credit score: 300+ (unless you’re an eligible college student or graduate, in which case Upstart could approve you with no credit)