Trusted by More than 2,000,000 Canadians since 2016

Healthcare Loans

  • chBorrow from $300 to $35,000 for healthcare costs
  • chRates from 9.99% - 34.99% APR
  • chCompare offers from Canada's top lenders
up Last updated

July 30, 2025

Medical procedures can get expensive, but with a good financing plan, you won’t have to dish out the big cheque all at once. Whether it is emergency dental work or a cosmetic procedure, you can reach out to the companies below for health and beauty related loans in Canada. Smarter Loans has providers for all types of medical loans.

Dental Work, Cosmetic Procedures, Weight Loss, Laser Vision, Hair Restoration, Dermatological Procedures and many other types of medical loans are available.

Choose one of the lenders below to be taken to their application or apply online here and we will connect you with a suitable lender for your healthcare loan.

Compare Lenders

AMOUNT
Up to $20,000
INTEREST RATE
19.8% - 34.99%
TERMS
36 months
AMOUNT
$1,000 - $5,000
INTEREST RATE
19.9% - 34.5%
TERMS
12 - 36 months
AMOUNT
$300 - $35,000
INTEREST RATE
9.99% - 34.95%
TERMS
9 - 84 Months
AMOUNT
$500 - $150,000
INTEREST RATE
9.99% - 34.99%
TERMS
9 - 240 months
AMOUNT
$500 - $25,000
INTEREST RATE
34.56% - 34.95%
TERMS
6 - 84 Months
AMOUNT
$500 - $2,500
INTEREST RATE
18.99%
TERMS
Variable
AMOUNT
$500 - $1,000
INTEREST RATE
Varies
TERMS
3 - 6 months
AMOUNT
$30 - $250
INTEREST RATE
0%
TERMS
N/A
AMOUNT
$20-$350
INTEREST RATE
0%
TERMS
N/A
AMOUNT
$150-$1000
INTEREST RATE
30.4% APR
TERMS
30 Days
AMOUNT
$500 - $15,000
INTEREST RATE
34.37%
TERMS
12 - 60 Months
AMOUNT
$100 - $1,500
INTEREST RATE
Varies
TERMS
2 months
AMOUNT
$1,500 to $10,000
INTEREST RATE
Varies
TERMS
12 - 60 months
AMOUNT
$100 - $20,000
INTEREST RATE
34.37%
TERMS
6 - 84 Months
AMOUNT
$1,000 – $15,000
INTEREST RATE
19.9% - 34.9%
TERMS
Line of Credit
AMOUNT
Up to $250
INTEREST RATE
0% APR (Has Fees)
TERMS
Varies
AMOUNT
$100 - $1,500
INTEREST RATE
Varies
TERMS
2 months

What is a Canadian healthcare loan?

When it comes to healthcare, most Canadians think themselves very lucky to have a largely public system, but the reality is a little different from perception. Whilst many aspects of healthcare are covered by provinces’ public plans, many aren’t, and the split is around 70:30 public:private expenditure. This is actually about average among OECD nations, and helps to explain why 17% of Canadians have gone into debt to pay for medical expenses – despite having access to a public healthcare plan, and despite a record 64% having access to private healthcare insurance as well. On average, Canadians hold $8,100 in healthcare debt.

So there are plenty of people struggling to cover their medical costs. And this is where healthcare loans come in: people can borrow the money they need to cover out-of-pocket healthcare expenses; they can then repay the loan over time, in affordable installments, and crucially after they have received the care they need. There is no need to delay medical care in order to try and save the necessary cash. Healthcare loans thus provide a vital route to timely care for those unable to afford large medical bills upfront.

Who can get a healthcare loan in Canada?

Healthcare

Healthcare loans have many of the same eligibility requirements as other types of personal loan. The basics are simple; borrowers must:

  • Be age of majority in their province
  • Hold valid, government-issued I.D.
  • Be able to show proof of address
  • Have an active bank account in their name

Secondary requirements also exist, but these vary from lender to lender. They may relate to:

  • Credit score
  • Employment type
  • Income
  • Existing debt levels
  • Assets

As with other types of personal loan, those with good credit, permanent employment and a low debt utilization ratio will find it easier to qualify for healthcare loans than other borrowers; there are however options for all types of borrowers, if you shop around.

What can a healthcare loan in Canada be used for?

Healthcare

Healthcare loans can be used to cover all manner of medical costs, including dental work, prescriptions, mental health care costs, consultations, hospital charges, physiotherapy, elective surgery, aesthetic medical procedures, and much more. There are no limits on which medical procedures can be paid for with loan funds, and loans from as little as $300 to as much as $35,000 are available on an unsecured basis.

Does having insurance affect my Canadian healthcare loan options?

Healthcare

27 million Canadians have some form of private health insurance, but that doesn’t mean they don’t still need financial assistance with healthcare costs. Insurance has its limits: only specific expenses are eligible; there are deductibles and co-pay to cover; many plans have caps on how much can be claimed (both over a certain time period and within certain treatment types); and many require users to pay for their expenses out-of-pocket, and wait for reimbursement. All of this means insurance, while valuable, leaves plenty of difficulties for those short on cash.

The good news is that having extended healthcare coverage does not impact your ability to access healthcare loans. Lenders recognize that many situations are not covered by private insurance. And if you need a loan simply to cover costs while you wait for reimbursement, this may even make it easier for you to access funds – as lenders will know you are due an influx of cash from your insurer, that can be used to pay off your loan.

Will getting a healthcare loan in Canada affect my insurance?

No, having or getting a healthcare loan will not affect your insurance. The two tools do not interact with each other.

Can I use a healthcare loan in Canada to cover my healthcare insurance premiums?

Healthcare

Private health insurance plans cost between $75 and $150 per month on average, and this is a big outlay for those not receiving coverage via their employer. But having coverage can save you significantly more than this, if you have high medical costs (either ongoing or one-off). For example, if your monthly prescriptions cost you upwards of several hundred dollars, but an insurance plan that covers 95% of prescription costs is available for a premium of $75 a month, then you are probably better off using the money to purchase coverage.

It is thankfully possible to borrow funds via a healthcare loan to pay for healthcare insurance premiums, rather than to pay for healthcare expenses directly. But you need to be sure of your numbers: your monthly loan repayments need to be affordable, and crucially less than you would be paying for your healthcare costs directly.

Awesome G.
04:46 26 Feb 25
I’m very honoured to shear my experience with this illustrious platform. To be able to systematically choose from a list optional to one’s profile without doing much leg work is truly rewarding. This platform allowed to expand my options and chose which lenders fit my profile, thank you and continue doing what you do best,, connecting people to available wealth opportunities.
Pat M.
03:10 26 Feb 25
Good place to get a loan
Chris “Stufphr” H.
02:07 26 Feb 25
When you feel in need of a loan do it smart and make it a Smarter Loans.
Dan Bott (.
01:41 26 Feb 25
Very Helpful, was assisted in a timely fashion and was ultimately able to receive assistance; I highly recommend!!!
joel K.
22:59 25 Feb 25
I have recommended this place to many friends I feel that this company goes out of their way to help people that they can and they are very easy to work with
Nate C.
13:22 27 Oct 24
This company is reliable, quick, and just has the best customer service and rates it is a easy process with quick results. Would definitely recommend to anyone that needs the help.
Vincent J.
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels H.
06:41 23 Oct 24
Personally love this opportunity and app. Super convenient and easy to use and super awesome variety of great loans. Thanks so much guys for making such an awesome site and app and being there for me over the years. :)
Tara H.
16:23 16 Oct 24
From beginning to end, my experience was great! Very professional and personable agents. They only asked questions that were needed for the loan and payments were extremely reasonable. Would recommend to anyone who needs emergency funds.
A S.
19:43 11 Oct 24
“ Thank you SO very much! My situation was tricky and you guys made the whole process so effortless. The way you guys handle the whole process so discreetly. That truly speaks to how well your office is run and the caliber of specialists who handled the processing of my entire loan!”

Why Choose Smarter Loans?

smart

Access to Over 50 Lenders in One Place

smart

Transparency in Rates & Terms

smart

100% Free to Use

smart

Apply Once & Get Multiple Offers

smart

Save Time & Money

smart

Expert Tips and Advice

As seen on
  • logo
  • logo
  • logo
  • logo
  • logo
  • logo