At Medicred, we aim to provide healthcare financing solutions to those who need them most. To ensure responsible lending, we have set eligibility criteria that all applicants must meet. Here is what we look for:
- Age: You must be at least 18 years old to apply for a loan.
- Residency: You need to be a UK resident with a valid UK address.
- Income: Applicants should have a steady income source that is sufficient to cover the loan repayments.
- Credit History: We assess your credit score and past borrowing behaviour. A history of missed payments or defaults may affect your application.
- ID Verification: To comply with regulations, we require valid proof of identity, such as a passport or driving licence, and proof of address.
- Affordability: We ensure that the loan repayments fit comfortably within your current financial situation, based on your income and monthly expenses to ensure you can manage the loan responsibly.
- Treatment in the United Kingdom: The healthcare treatment that you are wanting to finance needs to be provided in the United Kingdom. Treatment being received outside of the United Kingdom does not meet our Eligibility Criteria.
If you meet these criteria, you are eligible to apply. If you have any questions about eligibility or the application process, feel free to contact us.
Our loan pricing is regularly reviewed to ensure it provides fair value. This means the cost of your loan is proportionate to the benefit you receive, and we monitor outcomes to ensure this remains the case.
