Loan for medical expenses

Medical and dental costs can sometimes appear unexpectedly. A treatment, dental procedure, specialist visit, prescription, or health-related service may create an expense that is difficult to cover from your monthly budget.

Monefit gives you access to a flexible credit line of up to €15,000. If approved, you can use only the amount needed for your medical or dental expense and repay according to the applicable terms.

A flexible credit line for health-related personal expenses.

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What is a loan for medical expenses?

A loan for medical expenses is credit used to cover private healthcare, dental, treatment, or other health-related costs.

These costs may include:

• Dental treatment
• Specialist appointments
• Private medical services
• Prescriptions or medical equipment
• Physiotherapy or rehabilitation
• Eye care or glasses
• Unexpected treatment costs
• Other health-related expenses

With Monefit, the product is not a dedicated medical loan. It is a flexible credit line that may be used for different personal expenses, including medical or dental costs.

Before borrowing for healthcare costs, it is worth checking whether the expense can be covered by public healthcare, insurance, employer benefits, or a payment plan with the provider.

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Why medical expenses can be difficult to manage

Healthcare costs can be hard to predict. Some expenses are planned, while others appear suddenly and need attention sooner than expected.

Dental treatment, specialist care, and private medical services can also involve several stages of payment. You may need to pay for consultation, treatment, follow-up, prescriptions, or related services separately.

A credit line can offer flexibility because you do not need to borrow one fixed amount upfront. You can use only the amount needed and keep unused credit available.

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Medical loan or credit line — what is the difference?

A traditional medical loan is usually paid out as one fixed amount and repaid over an agreed period.

A credit line works differently. If approved, you receive access to a reusable credit limit. You can withdraw only the amount needed for the expense and leave the rest unused.

Traditional medical loan	Monefit credit line
One fixed payout	Flexible credit limit
Usually used for one treatment or invoice	Can be used for different personal expenses
Full amount is borrowed upfront	Use only the amount needed
New application may be needed later	Available credit may be reused
Fixed repayment schedule	Flexible repayment options

This can be useful if treatment costs are uncertain or paid in stages.

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What medical or dental costs can a credit line be used for?

A Monefit credit line may be used for personal health-related expenses, such as:

• Dental treatment
• Specialist consultations
• Private healthcare services
• Prescription costs
• Glasses or eye care
• Physiotherapy
• Rehabilitation
• Medical equipment
• Follow-up appointments
• Other treatment-related costs

Before using credit, compare available options and make sure the repayment fits your budget.

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When can a credit line help with medical expenses?

A credit line may be relevant when a health-related expense is necessary, the cost is manageable, and repayment is affordable.

Common examples include:

Dental treatment

Dental costs can be high and may need to be paid before or shortly after treatment.

Specialist appointments

Private specialist appointments can create costs that are not always fully covered.

Treatment paid in stages

Some healthcare costs involve several payments over time.

Prescriptions or equipment

Medication, glasses, mobility aids, or other health-related items may be needed unexpectedly.

Rehabilitation or physiotherapy

Treatment plans may involve repeated visits and separate payments.

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Why choose Monefit for medical expenses?

Monefit is designed for flexible personal credit and digital account management.

Use only what you need

You do not need to withdraw the full approved credit limit. Use only the amount required for your medical or dental expense.

Credit line up to €15,000

Depending on your financial situation and creditworthiness assessment, you may receive access to a credit limit of up to €15,000.

30 days interest-free

Monefit offers up to 30 days interest-free, depending on how and when the credit is used and repaid.

No collateral required

You do not need to pledge property, a vehicle, or other assets.

Apply and manage online

The application and credit line management are digital.

Reusable credit limit

As you repay, available credit may become usable again, depending on the product terms.

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How Monefit works

1. Apply online

Submit your application digitally and provide the information needed for assessment.

2. Creditworthiness assessment

Monefit reviews your financial situation and repayment ability.

3. Receive your credit limit

If approved, you receive access to a personal credit limit.

4. Use the amount needed

Withdraw only the amount required for your medical or dental expense.

5. Repay according to the terms

Repay according to the applicable terms. As you repay, available credit may become usable again.

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Use credit carefully for healthcare costs

Medical and dental costs can be important, but borrowing should still be considered carefully.

Before using credit, ask yourself:

• Is the expense necessary now?
• Is it covered by public healthcare, insurance, or employer benefits?
• Does the provider offer a payment plan?
• Can the cost be split into stages?
• How much do I actually need to use?
• Can I afford the repayments?
• What is the total cost of credit?

A credit line should not be used if repayments would create ongoing financial pressure.

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How much does a medical expenses loan alternative cost?

The total cost depends on:

• The amount used
• The repayment period
• The interest rate
• Applicable fees
• Whether repayments are made on time

Always review the full cost, repayment terms, and representative example before using credit.

Representative example:

A credit line of €1,000, total amount paid by the consumer and the amount of repayments €1,216.58, fixed interest rate of 37.85% per annum and APR of 45.89% per annum. The credit cost rate has been calculated on the assumption that the credit line will be used in full and will be repaid in 12 equal repayments at equal intervals from the month after the credit line was put into use.

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Who can apply?

You may be able to apply for a Monefit credit line if you meet the basic requirements and pass the creditworthiness assessment.

Typical requirements may include:

• You are at least 18 years old
• You are a resident of Estonia
• You have regular income
• You can verify your identity
• You can provide the information required for a responsible credit assessment

Approval is not guaranteed and depends on Monefit’s assessment.

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Responsible borrowing

A medical expenses loan or credit line should only be considered when the cost is necessary, the amount is manageable, and repayment fits your budget.

Monefit assesses every application individually and follows responsible lending principles. Credit is only granted after a creditworthiness assessment.

Before applying, make sure you understand the full cost of credit and how repayments will affect your monthly budget.

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Alternatives to borrowing for medical expenses

Before using credit for medical or dental costs, compare other options.

Public healthcare

Some treatments may be available through public healthcare, depending on the service and eligibility.

Insurance

Health, dental, travel, or private insurance may cover part of the cost.

Provider payment plan

Some clinics or providers may offer staged payments or instalment options.

Employer benefits

Some employers offer health-related benefits, insurance, or wellness support.

Savings

If available, savings may be cheaper than borrowing.

Credit line

A credit line may be relevant if the cost is necessary, manageable, and repayment fits your budget.