The SMB Medical Loan: The Healthy Choice

When life throws you a curveball, we’ve got your back. An SMB Medical Loan can help you manage unexpected healthcare expenses.

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Excellent Trustpilot rating from 3,300+ reviews

Five-star customer review card with text: 'I had a great customer rep... I have bad credit but thought I'd try anyways only to be accepted!! Lass, 26 June 2024.'
Five-star review with text saying "Very fast at making it happen," followed by a comment about fast service within 24 hours. The review is dated June 20, 2024, and attributed to Robert.
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Get started with a SMB Medical loans

Facing unexpected medical expenses? An SMB Medical Loan can help cover the costs and give you peace of mind when you need it most.

  • Access to up to $20k

  • Trusted by over 30,000 Kiwis

  • Get funding in as little as 24 hours

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Up to $20,000, in 24 hours

Not secured to your home

Trusted by 30,000 Kiwis

Choose your new medical loan

All bases covered

Good

Peace of Mind

For life’s unexpected bumps. A quick solution for small medical expenses up to $5,000.

49.95%
$500 - $5,000
Up to 3 years

  • Get peace of mind that your home is not at risk by being tied to your loan with SMB.

  • We know that your financial life can be a challenge, use this loan to get you back on the road.

  • Your payments will not increase, and instead be fixed for the duration of your loan.

    • Not secured against your home

    • Payment schedule that suits you (weekly, fortnightly or monthly)

    • Helps your credit score

    • Approval - typically less than 24 hours

    • No Interest on missed payments

    • Financial advice and Guidance
      Weekly webinar sessions

    • Discount on completion of first loan
      Valued customer discount

    • Service Guarantee
      Cancel and repay your loan at any time… no fees

    • Personal Guarantee
      If you get in trouble, we will treat you like a person with empathy and dignity.

    • Pay down faster

    • Earn Repayment Holiday (coming soon)

    • Earn Emergency Loan (coming soon)

From $9.16/w

Based on a $500 loan over 3 years @ 49.95% interest rate. Total amount paid: $1,584.58.

Better

Recovery Boost

Focused Care, when you need it most. Designed for ongoing treatment or private hospital stays up to $15,000

29.95%
$500 - $15,000
Up to 5 years

  • Get peace of mind that your home is not at risk by being tied to your loan with SMB.

  • We know that your financial life can be a challenge, use this loan to get you back on the road.

  • Your payments will not increase, and instead be fixed for the duration of your loan.

    • Not secured against your home

    • Payment schedule that suits you (weekly, fortnightly or monthly)

    • Helps your credit score

    • Approval - typically less than 24 hours

    • No Interest on missed payments

    • Financial advice and Guidance
      Weekly webinar sessions

    • Discount on completion of first loan
      Valued customer discount

    • Service Guarantee
      Cancel and repay your loan at any time… no fees

    • Personal Guarantee
      If you get in trouble, we will treat you like a person with empathy and dignity.

    • Pay down faster

    • Earn Repayment Holiday (coming soon)

    • Earn Emergency Loan (coming soon)

From $5.49/w

Based on a $500 loan over 5 years @ 29.95% interest rate. Total amount paid: $1,686.50.

Best

Total Care fund

Comprehensive support for major medical costs, critical surgeries, specialised care or long-term treatments up to $20,000

19.95%
$500 - $20,000
Up to 5 years

  • Get peace of mind that your home is not at risk by being tied to your loan with SMB.

  • We know that your financial life can be a challenge, use this loan to get you back on the road.

  • Your payments will not increase, and instead be fixed for the duration of your loan.

    • Not secured against your home

    • Payment schedule that suits you (weekly, fortnightly or monthly)

    • Helps your credit score

    • Approval - typically less than 24 hours

    • No Interest on missed payments

    • Financial advice and Guidance
      Weekly webinar sessions

    • Discount on completion of first loan
      Valued customer discount

    • Service Guarantee
      Cancel and repay your loan at any time… no fees

    • Personal Guarantee
      If you get in trouble, we will treat you like a person with empathy and dignity.

    • Everyday low regular payments

From $4.50/w

Based on a $500 loan over 5 years @ 19.95% interest rate. Total amount paid: $1,428.99.

★★★★★

3,300+ 5-star Reviews

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24/7

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The SMB
Medical Loan

Improve your credit score

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🏡

Not secured against your home

An elderly person and a young girl walking arm-in-arm on a pathway, with greenery on both sides. Other people and a dog are visible ahead on the path.

😉

Pay off faster with one-off payments

30,000+ Customers

😍

Up to $20,000

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Tips and
ideas on
how to save

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⏰

Draw-down in as little as 24 hours

🥇

1 simple fixed rate

Apply in 7 mins

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NZ Call Centre

⌛️

Top-ups in 5 minutes

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Why SMB

A way to ‘yes’ in an industry of ‘no’

We’re here to help you achieve the future you want, no matter where you start.

  • You’re more than your credit score

    At SMB, we look deeper at your situation and your goals.

  • Help when you need it

    We want you to take control of your financial future. 
We’re just a call away, so let’s see if we can help.

  • Trusted by over 30,000 Kiwis

    With over 3,368 5-star reviews, know you’re in good hands.

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Personal loans for hassle-free funds, fast

  • Same-Day Funding

  • Not secured against your home

  • Lump sum payments help you pay off debt faster

  • Top-rated (5-Star) personal loans

  • Fixed Rate

  • Loans up to $20,000

Car Loans

Holiday Loans

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Medical Loans

Debt Consolidation

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Education Loans

Top Up Your Loan

Important

Things to consider before getting a medical loan

1

Interest Rates and Fees
Compare rates and understand all costs involved.

2

Repayment Terms
Choose a term that fits your financial situation, avoiding long-term high interest.

3

Credit Impact
Understand how it affects your credit score and explore if no-interest payment plans are available.

Your loan could be just three steps away

Flowchart depicting three steps: 1. Apply in 15 mins with an icon of a document; 2. Receive funds same day with an icon of a money bag; 3. Bingo! with an icon of a beach umbrella.

Our standard annual interest rates are 29.95% - 49.95%, with an establishment fee of $240 and a monthly account fee of $4. Normal lending criteria and responsible lending enquiries apply.

  • Our personal loans help fund life’s smallest to biggest moments. Our products are designed to provide customers with access to competitively priced credit whenever and wherever they need it.

    Take a look to see whether you qualify for a loan and and take a look at our loan products here.

  • Making your loan repayments on time, leads to a brighter tomorrow through positive credit reporting! SMB has partnered with credit bureau Equifax to ensure customers benefit from paying their loans on time. Making your payments on time will positively impact your credit score, which is a great way to get your score moving in the right direction.

    Want to know more about what your credit score is and how positive credit reporting works? Check out our article here.

  • We know your loan is important to you, so we work hard to get it to you quickly! If your loan is approved on a business day, we will make payment to your bank on the same day.

    The exact time that funds will become available to you will depend on your bank, but it should be within a few hours post approval!

    We'll keep you updated on the status of your application by email and text, and you can also call our friendly customer team FREE on 0800 27 28 36 to discuss the status of your application.

    Click here for more information on our loan application process.

    All loan applications are subject to responsible lending inquiries.

  • You sure can! 

    Basically, a top-up is a new loan, just with a portion of the funds being used to settle your previous loan balance.

    You just need to make sure the top-up is enough to clear your existing loan balance AND cover off what you need the new loan for.

    The amount you can top-up by is dependent on your individual circumstances! Each top up request for additional funds is subject to a full credit assessment.

    What we look at when we assess your top-up loan application:

    • You have a history of making payments on time on your current Flex Loan

    • That the new loan remains affordable and there has been no significant change in your circumstances including changes in income, expenses and other financial commitments

    • The new loan continues to meet your requirements and objectives

    • You have demonstrated good account behaviour reflecting a responsible borrower. This means your bank statements don't show:

      1. Reversals to other credit and/or utility providers

      2. Transfers and withdrawals causing reversals

      3. Problem gambling impacting your ability to meet payment obligations

  • You can request an early repayment at any time at no extra cost or penalty!

    Please call our repayments team FREE on 0800 27 28 36 before making an extra payment so we can provide you with the exact balance to pay and adjust your repayment schedule if necessary.

    Click here for more information on repaying your loan.

  • We want to ensure you have the best borrowing experience possible and we have a number of options available to keep you on track. We encourage you to contact us if you can’t make a payment – we can talk about your options and adjust your repayments!

    Our friendly repayments team are here to help – give them a call FREE on 0800 27 28 36 or send an email to repayments@savemybacon.co.nz.

    We understand that sometimes you can struggle financially, we are here to help you! Although it can be tempting to just ignore the situation and hope things will improve for the better, missing a payment may hurt your credit score! If you feel things might get out of control or if your individual situation has changed, all you need to do is give us a call and we can help protect your score, and work together to find a repayment solution that is suitable.

    Click here for more information on repaying your loan.

    Click here for more information on financial hardship.

FAQs

Infographic showing loan process: Step 1 - Apply in 15 minutes with document icon. Step 2 - Receive funds same day with money bag icon. Step 3 - Bingo! with beach umbrella icon, indicating success.

Ready to get started?