Secured Medical Loans
A secured medical loan is one secured by a collateral (assets belonging to the borrower in order to decrease the risk assumed by the lender). This collateral may be fortified if the borrower fails to meet the loan requirements.
Secured medical loans applications are more quickly accepted due to a smaller perceived risk to the medical lender. Interest rates associated with secured medical loans can be lower than unsecured loans. Also, the amount of medical loan that can be obtained is higher in case of a secure loan. Secured medical loans are more accessible to those with bad or no credit history.
Approval of your medical loan depends upon your credit rating, your employment and financial status, your income, your outgoings, and the level and type of collateral.
Medical Tourism Corporation has a leading medical loan processing company as affiliate to provide secured and unsecured loans. The medical loan application is confidential and secure. With one medical loan application the patient gets their application processed by multiple lenders. The application usually takes about two hours to process. Loans with twelve (12) month interest, zero down with low monthly payments are available. Also, there is no prepayment penalty.
Click here to apply for a secured medical loan
We hope this page will assist you in finding the medical loan you are looking for.
Overseas Surgery Medical Loan Approval Guidelines