Unexpected hospital bills can throw your finances off balance overnight. Whether it’s surgery, dental work, or urgent treatment not fully covered by insurance, the right medical loan for emergency expenses can help you bridge the gap quickly. Below, we’ve rounded up the top 10 medical loans offering fast approval, competitive rates, and flexible repayment terms. Each option is ideal for covering emergency medical costs without draining your savings.
1. SoFi
SoFi is a strong choice for large emergency medical loans thanks to its competitive fixed rates and no origination fees. You can typically borrow from $5,000 up to $100,000, making it ideal for major procedures or hospital stays. Funding can arrive as soon as the same day once approved. SoFi also offers unemployment protection and financial planning tools, which can be helpful if your emergency affects your ability to work. If you have good to excellent credit, this lender delivers some of the lowest rates available for medical emergency financing.
2. LightStream
LightStream, a division of Truist, is known for low-interest unsecured loans and same-day funding. Loan amounts range from $5,000 to $100,000, which works well for high medical expenses like surgeries or fertility treatments. There are no fees: no origination fees, no late fees, and no prepayment penalties. If you have strong credit, you could secure a very competitive APR. LightStream is particularly appealing for borrowers who want a straightforward medical loan for emergency expenses without hidden charges.
3. Upstart
Upstart uses artificial intelligence to evaluate more than just your credit score, making it a good option for borrowers with fair or limited credit history. Loan amounts typically range from $1,000 to $50,000, with fast funding often available the next business day. While origination fees may apply, Upstart’s flexible approval model makes it accessible for those who might struggle to qualify elsewhere. If your emergency medical bill can’t wait and your credit profile isn’t perfect, Upstart may be worth considering.
4. LendingClub
LendingClub offers personal loans that can be used for emergency medical costs, including dental procedures and hospital bills. Loan amounts usually range from $1,000 to $40,000, and funds can arrive within a few days. While origination fees apply, LendingClub provides flexible terms and joint loan options, which can help increase approval odds or lower rates. It’s a practical solution if you need mid-range financing and want predictable monthly payments during your medical recovery.
5. Prosper
Prosper is another peer-to-peer lending platform that works well for medical emergency loans. You can borrow between $2,000 and $50,000, depending on your credit profile. Approval decisions are often quick, and fixed-rate terms make budgeting easier during stressful times. While there may be origination fees, Prosper’s transparent rate structure helps you understand total repayment upfront. For borrowers with fair to good credit, this platform can provide accessible funding when urgent medical bills arise.
6. Avant
Avant specializes in loans for borrowers with fair credit, making it a realistic option if your score isn’t ideal. Loan amounts generally range from $2,000 to $35,000, with fast approval and next-day funding possible. While APRs can be higher than those of prime lenders, Avant provides predictable installment payments and an easy online application. If you’re dealing with urgent dental surgery or unexpected medical procedures and need quick cash access, Avant can fill the gap.
7. Best Egg
Best Egg is known for fast funding and competitive rates for borrowers with good credit. Loan amounts typically range from $2,000 to $50,000, and funds may be available within one business day. While an origination fee may apply, many borrowers appreciate the streamlined process and transparent repayment schedule. For medium to large medical expenses, Best Egg offers a reliable personal loan option with manageable fixed monthly payments.
8. Discover Personal Loans
Discover Personal Loans provides unsecured loans from $2,500 to $40,000 with no origination fees. Funding can be fast, often within a few business days after approval. Borrowers benefit from fixed rates and flexible repayment terms up to seven years. Discover is especially appealing if you want a reputable national lender with transparent terms and strong customer support while managing emergency healthcare costs.
9. Marcus by Goldman Sachs
Marcus offers no-fee personal loans with competitive fixed rates and flexible terms. Loan amounts typically range from $3,500 to $40,000. There are no origination fees or prepayment penalties, making it easier to repay early if your financial situation improves. For borrowers with strong credit, Marcus can provide cost-effective financing for surgeries, hospital bills, or urgent treatments without piling on additional fees.
10. Upgrade
Upgrade combines personal loans with credit-building tools, making it suitable for borrowers working to improve their financial profile. Loan amounts range from $1,000 to $50,000, and funds can arrive quickly after approval. While origination fees may apply, Upgrade offers flexible terms and educational resources to help manage repayment. If you need an emergency medical loan but also want to strengthen your credit over time, Upgrade is worth exploring.
How to Choose the Best Medical Loan for Emergency Expenses
When comparing medical loans, focus on APR, fees, funding speed, and repayment flexibility. If your credit is strong, prioritize lenders with no origination fees and low fixed rates. If your credit is fair, consider platforms that evaluate more than just your score. Most importantly, borrow only what you need and confirm that monthly payments fit your budget even during recovery. By selecting the right emergency medical loan, you can handle urgent healthcare expenses without long-term financial stress.