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Unsecured medical tourism loans are personal loans with no collateral. These can be used to finance your surgical procedure.

Credit Score for Loan

Credit Score and Medical Loans
  • Usually, require a minimum credit score.
  • Do not require collateral and therefore have a higher interest rate.
  • In case of poor credit score, reapply with a strong credit co-applicant.

Approval and loan terms will vary by lender and will be based on your credit score.

Check your credit score for free at

These loans are also known as signature loans because your signature on the loan agreement is all that you bring to the table. Most medical loans are unsecured.


Did you know?

Bariatric, Dental & Cosmetic Surgeries abroad are the Number 1 requested Medical Tourism Loans.

Steps to Apply for Unsecured Medical Tourism Loan

Steps of Unsecured Loans

Steps for Unsecured Medical Tourism Loan

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Before you Apply?

  • How likely is your loan application to get approved: Credit bureaus use a scoring system based on the Fair Isaac Corporation (FICO). Your FICO score can range anywhere from 300 to 850. The better your score, the more likely you are to qualify for higher loan amounts and lower personal loan interest rates. If your score is under 620, your rate will be approximately 17.99% APR or more.
  • How competitive the interest rate is likely to be: The higher your credit score, the lower is your interest rate.
  • Whether any items on your credit report are inaccurate or could be removed to improve your score, contact an old lender to dispute late payments or request their removal of late payment, if possible.

What Do the Lenders Check?

  • Character: Lenders check whether the borrower has a history of default.
  • Capacity: Assessment of borrower's financial ability to pay off the loan.
  • Collateral: Assets like house, car.
  • Conditions: Financial conditions of the borrower.

After being ensured about these four things, the bank/financial institution offer an unsecured loan to the borrower.

Unsecured Loans Impact Your Credit – Late payments or a loan default could affect the interest rates you pay on future loans. See the FTC’s web site for more info about credit.

Overseas Surgery Medical Loan Approval Guidelines

Medical E-financing

  • Medical Tourism Corporation has a leading medical loan processing company as an affiliate to provide secured & unsecured loans.
  • The medical loan application is confidential & 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 12 months or more interest, zero down with low monthly payments are available.
  • There is no prepayment penalty.

Click here for Surgery Loans for Canadians, Australians and in the United States.

Possible Scenarios of Monthly Payment (MP)

Scenario 1: AMOUNT $4000 (CREDIT SCORE 580-650)

0 $410 $223 $162
$1000 $315 $172 $125
$ 2000 $220 $120 $87

Scenario 2: AMOUNT $4000 (CREDIT SCORE 651-739)

0 $406 $219 $157
$1000 $312 $168 $121
$ 2000 $217 $117 $85

Unsecured loans can be great personal loans as well. If the bank finds you to be a good fit in the scale of credit-worthiness, they will offer you a loan without any collateral.

We hope this page will assist you in finding the medical loan you are looking for. Popular medical tourism procedures that are financed are weight loss surgery, cosmetic & dental procedures.

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