Support When Insurance and Medisave Aren't Enough
MediShield Life and Medisave cover many medical costs, but gaps remain, dental care, specialist consultations, and treatment above claim limits often mean paying out of pocket. BST Credit's medical loan helps you cover the difference, from a licensed moneylender offering fair, transparent terms.
Apply for a Medical Loan
Loan Purposes
From hospitalisation to ongoing treatment, a medical loan can help you manage healthcare costs your insurance and Medisave don't fully cover.
Cover the out-of-pocket portion of hospital bills or surgical costs not fully covered by MediShield Life or your insurance plan.
Fund dental treatment or specialist consultations, costs that are often only partially covered, or not covered at all, by standard insurance.
Manage the ongoing costs of ongoing treatment or medication for a chronic condition, alongside your regular expenses.
Since funds are disbursed directly to you, you can use a medical loan to help cover a family member's healthcare costs too.
Fast support when treatment can’t wait:
Even with MediShield Life and Medisave, medical costs can add up quickly, particularly for specialist care, dental treatment, or extended hospital stays. A medical loan gives you the funds to cover the gap, so treatment decisions aren’t delayed by cost concerns.
As a licensed moneylender, we still walk you through your loan contract clearly before you sign, covering the loan amount, interest rate, repayment schedule and fees, so you can focus on recovery, not paperwork.
The maximum you may borrow at any time, across all licensed moneylenders in Singapore combined, depends on your annual income and residency status, as shown below.
Not sure what your monthly repayments might look like? Try our Loan Calculator to get an estimate before you apply.
| Annual Income | Singapore Citizen and Permanent Resident | Foreigners Residing in Singapore |
|---|---|---|
| Less than $10,000 | $3,000 | $500 |
| $10,000 but less than $20,000 | $3,000 | $3,000 |
| $20,000 and above | 6 times the monthly income | 6 times the monthly income |
These limits apply specifically to unsecured cash loans in Singapore. Here’s what borrowers should keep in mind:
As a licensed moneylender, we are bound by strict limits set by the Ministry of Law. Here is what applies to your medical loan:
Many hospitals in Singapore offer interest-free instalment payment plans directly, which are often a more affordable option than borrowing, so it’s worth checking with your hospital’s billing office first. It’s also worth confirming exactly what your insurance and Medisave will cover before deciding how much you actually need to borrow. If a loan is still the right option for your situation, borrow only the gap that remains. Our responsible borrowing checklist is a useful starting point before you apply.
Prepare Your Documents
Submit the necessary documents to verify your information, or apply with Singpass to have your particulars retrieved directly and skip manual uploads.
Are 21 years old or above
Singapore Citizen, PR, or valid Work Pass holder (EP, S Pass, WP)
Steady income, whether full-time, part-time or self-employed
NRIC (for Singaporeans/PRs) or Passport and Work Pass (for foreigners)
1. Last 3 months’ payslips
2. CPF contribution history
3. Income Tax Notice of Assessment
4. Bank statement showing salary crediting
1. Latest utility bill (within 3 months)
2. Tenancy agreement
3. Official letters sent to your home address
Loan Benefits
Support that lets you focus on treatment, not finances.
A quick, paperless application, so cost concerns don't delay a treatment decision.
Every rate and fee is disclosed upfront and capped within Ministry of Law limits, so you always know what you're agreeing to.
From hospitalisation to dental care to ongoing treatment, funds are yours to use as your healthcare needs require.
Real people and real guidance, from your first question through to your final repayment.
Loan Application Process
Apply online first, receive a verification call, visit our licensed office to review and sign the
loan contract, then receive your funds after approval.
Submit your loan application online with your basic details and preferred loan amount.
Our team will contact you to verify your details, understand your loan needs and guide you on the next step.
Visit our licensed office for in-person verification. The loan amount, repayment schedule, interest and fees will be explained before you sign.
Once your loan is approved and the contract is signed, the approved loan amount will be disbursed to you.
What Borrowers Say
See why borrowers trust BST Credit for clear loan terms, helpful service and a smooth application process.
FAQ
Answers to common questions about borrowing for medical expenses in Singapore.
A medical loan can be used for any healthcare-related cost, including hospitalisation, surgery, dental treatment, specialist consultations, and ongoing management of a chronic condition. Since funds are disbursed directly to you, there’s no restriction on how you use them, including covering a family member’s medical costs.
MediShield Life and private insurance cover many medical costs, but gaps remain, particularly for dental care, specialist consultations, and treatment above your claim limits. A medical loan can help cover this gap. It’s worth checking exactly what your insurance and Medisave cover first, so you only borrow what’s genuinely needed.
Possibly. Many hospitals in Singapore offer interest-free instalment payment plans directly, which are often more affordable than borrowing. It’s worth checking with your hospital’s billing office before applying for a loan, since this could reduce or remove the need to borrow at all.
The maximum you can borrow depends on your annual income and residency status, and this limit applies across all licensed moneylenders in Singapore combined, not per lender.
Licensed moneylenders in Singapore are regulated by the Ministry of Law to keep borrowing fair and transparent.
To apply for a medical loan with BST Credit, you should be 21 years old or above, be a Singapore Citizen, PR, or valid Work Pass holder (EP, S Pass, WP), and have a steady income, whether from full-time, part-time or self-employed work.
You can check the official Registry of Moneylenders maintained by the Ministry of Law. Always apply only through official websites or verified contact channels to avoid unlicensed lenders.
Read our full guide on how to check if a moneylender is licensed for a step-by-step walkthrough.
Submit Your Data
Submit your details and we'll help match you with the right loan option.
Insights & Updates
Straightforward guides on borrowing safely, avoiding scams, and making better money decisions in Singapore.
View More Updates
Licensed Moneylender Guides
