Canadian medical loans can bridge the gap between what’s covered under our medical plan and what you and your loved ones need. While our health care system does cover the majority of basic medical costs, some are considered optional while others aren’t approved for coverage.

Some of these expenses may be manageable, but others are simply too expensive to pay out-of-pocket in one shot. Even routine care such as dental and optometrist exams can be costly. Then there’s the cost of the treatments and products you need later.

Provinces and territories may offer some coverage for acupuncturists, chiropractors, massage therapists, naturopaths, osteopaths, and physiotherapists, or they may not. Even if you have limited coverage through your regional healthcare, you’ll need private health insurance once you reach your visit maximum. Otherwise, you will pay for ongoing treatments to reach full recovery.

Thankfully, Canadians have several options available to them to obtain the funds needed for care. Depending on your financial and personal situation some may not be available to you or they could be extremely expensive. Let’s take a look at some of them and why Canadian medical loans are often your best option.

Credit Card

Credit cards are great for emergencies, but they’re not a viable long-term solution. Interest compounds on the outstanding balance and most credit cards charge at least 19.99% interest. Minimum payments aren’t going reduce your debt. You could even find that the balance increases.

Credit card balances should be paid in full before your next statement. Clearly, that’s not possible for most people if they charge a substantial amount.

Bank Loan

Obtaining a loan through a bank or credit union can be a good option. However, these institutions are very particular and they will scrutinize your credit and finances. You will need to visit their office, provide proof of income, and then wait to see if you’re approved. You may wait days or even weeks before they let you know.

If you have less than pristine credit or you’ve moved or changed jobs, there’s a very good chance they’ll turn down your application. Either that or they will ask you to secure the loan with collateral such as your car or home or you will need a co-signer. Neither is a great option for most people.

Canadian Medical Loans

Canadian medical loans have less stringent requirements. They will do a soft credit check, but it doesn’t appear on your credit file. Luckily, they don’t have a minimum credit score requirement and use artificial intelligence to assess your application instead.

The process is quick, simple, and completely online. You don’t need to schedule an appointment, provide proof of income, or worry if you have one small problem on your credit report. An AI assessment is more comprehensive and more forgiving.

Canadian medical loans through FlexMoney also offer many payment options such as weekly, bi-weekly, bi-monthly, and monthly. Our handy online calculator can help you find the ideal balance between the amount of your payment and how long you want to take to repay.

FlexMoney does not charge you unnecessary fees either. Many lenders charge their customers an “origination fee” just to set up their account. This can cost you between 0.5 – 8% of your total loan amount.

Some Canadian medical loans also include a penalty if you want to pay extra payments, a lump sum, or even pay it off completely. FlexMoney does not charge these penalties either.

What Types of Procedures Can I Finance?

Here’s a list of some of the most common reasons you might want Canadian medical loans. However, we’ll consider any procedure providing you meet our simple qualifications mentioned below.

Cosmetic Surgery

Cosmetic surgery is considered optional and consequently it isn’t covered by Canadian health care. However, feeling good about yourself shouldn’t be something you put off. You deserve to look and feel great.

Canadian medical loans can help you divide the substantial cost of your preferred procedure into very manageable payments. Some of these include liposuction, breast reduction, augmentation, reconstruction, or lift, tummy tuck, nose job, eye lid lift, face lift, chin implant, or a butt lift.

Cosmetic Dental Procedures

Nothing makes a person look better than a happy smile. If you’re struggling with how your teeth look, cosmetic dental procedures are often the solution. However, they can also be extremely expensive.

Why sacrifice your looks when you could have the smile you’ve always wanted? Canadian medical loans can cover the cost of veneers, tooth contouring, bonding, crowns, laminating, and invisible braces.

Fertility Treatments

You want to have a baby and then you discover that only four of Canada’s provinces and territories cover fertility treatments. You live in an area that isn’t covered.

Fortunately, Canadian medical loans can cover the high cost of procedures such as in vitro fertilization, intrauterine insemination, and embryo transfer.

Gender Transition Procedures

Some provinces and territories offer some coverage, while others cover nothing at all. If you’re considering gender transition, Canadian medical loans can cover the costs of voice surgery and training, Adam’s Apple reduction, hormone replacement therapy, testosterone treatments, and pectoral implants.

Hair Loss Treatments

Balding can negatively impact your self-esteem and add years to your appearance. Luckily, Canadian medical loans can provide you with funds for treatments such as hair transplants, low-level light therapy, and platelet-rich plasma.

Eyesight Correction Procedures

You’re tired of the expense and hassle of eyeglasses and contact lenses, but discover corrective treatments are extremely expensive. Even though many companies offer financing, the interest rate can be very high on their loans.

Canadian medical loans offer an affordable alternative that can pay for laser eye surgery, photorefractive keratectomy, small incision lenticule extraction, intraocular lenses, and refractive lens exchange surgery.

Limb Protheses

You’ve lost a limb and discover that your region does not cover your prosthetic. Even worse, it will cost up to $15,000.

Canadian medical loans can provide the money you need to obtain a cutting-edge prosthetic so you can stay active and engaged.

Dermatological Procedures

Everyone wants to look good, but many dermatological procedures require repeat treatments and they’re expensive.

Fortunately, Canadian medical loans can pay for as many treatments you need so you can look the way you want. Treatments covered include varicose and spider vein therapies, cosmetic injections such as Botox and fillers, chemical peels, dermabrasion, and hair removal.

Weight Loss Procedures

You’ve tried every diet under the sun, without positive results. Now you’re ready to get serious and want to invest in other options, but they’re expensive.

Take heart, Canadian medical loans can provide the money you need for gastric banding, gastric bypass, intragastric balloon, and more.

Routine Dental Care

Routine dental care can be very costly and too much to pay in one shot. Canadian medical loans can help you spread the cost through affordable payments.

Get the funds your need to cover check-ups, cleanings, bridges, braces, fillings, repairs, caps, root canals, extractions, dentures, and gum surgery.

Prescription Medications

Many Canadians are shocked when they discover that their prescription medication isn’t covered by health care. These may include drugs for anorexia, weight loss, weight gain, hair growth, and fertility. Many of these treatments are ongoing, making the cost extremely prohibitive.

Canadian medical loans are a good option when you want these medications. Budget for your prescriptions and pay equal, affordable payments.

Hearing Procedures & Devices

Your hearing is important, but many devices and procedures aren’t covered or only partially covered under regional health care. Luckily, Canadian medical loans can provide funds for cochlear implants, hearing aids, and implantable hearing aids.

Requirements for FlexMoney Canadian Medical Loans

FlexMoney is a leader in Canadian medical loans. We won’t waste your time and our process is totally transparent. Here are our basic requirements.

  • Canadian citizen who is at least 20 years old.
  • Actively working with the same employer for at least three months.
  • Earning at least $2,000 per month in the last three months.
  • Have a mobile phone and email address.
  • Presently have an open and active bank account with a Canadian financial institution showing at least three months of transaction and banking history.
  • Borrowing between $500 and $15,000.
  • Want to repay within six months and five years.

Unfortunately, FlexMoney can’t guarantee 100% approval. Please do not apply if you are currently enrolled in an active bankruptcy, consumer proposal, or credit counselling program.

We can’t consider your application if your income is based on Employment Insurance, the Disability Tax Credit, and government benefits related to COVID-19 either. Please provide complete and accurate information in your application to avoid loan refusal.

The FlexMoney Advantage

Canadian medical loans are easily accessible through FlexMoney. The entire process is conducted online and your application will only take minutes to complete. Apply from any device at any time of the day.

Even better, we’ll let you know whether you’re pre-approved within minutes. If you agree with our terms, sign your documents digitally. FlexMoney offers fast cash, privacy, professionalism, and security. We never share your information.

If you agree with the interest rate and the terms, you can sign your loan documents digitally. Our Canadian medical loans offer money in your bank account within 24 hours.

Have questions for us? FlexMoney offers telephone, email, and online support. Visit our website for more information or to start the application process now. Our simple, affordable Canadian medical loans allow you to immediately acquire care and repay with terms that suit your life.