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Quick Medical Loan

Last updated: April 11, 2024
Written by: Digido Financial Writers Team | Reviewed by: Anna Kireeva

Key takeaways:

  • A medical loan is a type of loan that you use for medical purposes.
  • You can borrow money if you or a family member gets sick.
  • Digido does not give out medical loans at this time.
  • However, you can still apply for a personal loan from Digido and use the money for your personal needs, such as buying medicine.
How much money do you need?
10 000
min ₱ 1 000
max ₱ 10 000
You will have to return*: 10 000
All your data is under secure protection!
*Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval
Who can get a Digido loan?
You are 21-70 years old
You are a Filipino citizen
You have a valid government ID

A medical loan is a kind of credit that you use for health purposes. You can borrow money if you or some of your relatives are sick. You apply for a medical loan if you must to pay hospital bills or buy medicines that are expensive.

The focus of our discussion today is medical loan in the Philippines. Most medicine payments in the Philippines are known to be out-of-pocket, especially when receiving care in private institutions. Insurances cover only a small part of the costs.  The Philippine population is growing, and with it the cost of the health care industry. In 2018, they amounted to an estimated 766.9 billion Philippine pesos. (1) By the end of this tutorial, you will learn how to apply for medical credits, where to get them, and what requirements you need to prepare.

Get a Quick Medical Loan at Digido
  • In only 4 minutes you can Receive Up to PHP 25,000
  • Get your first loan with 0% interest Rate

Can I Take a Medical Loan at Digido?

At the moment Digido is not issuing medicine loans. For now, it only offers standard personal loans. Nonetheless, this should not prevent you from applying for a loan from Digido. You can still apply for a personal credit at Digido and use the money for your personal demands. For example, you can buy medicine or pay for a carer to look after your relative. 

 Here are the requirements of Digido for a personal loan:

  • You should be a Filipino citizen;
  • You should be between 21 and 70 years old;
  • You should be employed or be able to provide a proof of income source;
  • You should have a Philippine mobile number.
  • Your mobile number must be active. A Digido employee is going to call you and use this phone number to verify your details.
  • Before you may apply for a loan, you should sign-up for an account online.

The great thing about a loan in Digido is that you do not have to go to any physical location. There is no need to stand in a queue. Once you are approved, you will also get your funds deposited to your bank account. By the time you have to pay, you also do not need to go to a bank or any physical location. You can make online transfers to pay your credit.  

If you borrow from Digido, you want to know that there are no installment options here. You have to pay the debt in full plus the interest.

Calculate your loan cost and click ‘Apply Now’ to Get a Quick Loan:

I want to borrow ₱ 10000
Min: ₱ 1000
Max: ₱ 20000
Payment Terms 10 days
7 days
21 days
My Monthly Gross Income ₱ 20000
You return*: 10 000
All your data is under secure protection!
We recommend taking a loan!

* Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval.

Check out Digido’s additional benefits:

All operations are performed online - you don't have to leave your house
In only 4 minutes you can receive up to 10,000 pesos in your bank account, and up to 25,000 pesos for repeat borrowers.
We don't require guarantors representation, documentation, or guarantee deposits.
We only require 1 government valid ID

Apply now

What makes Digido Personal Loan stand out?

Learn How to Get:
🔎 Multi-Purpose Loans in the Philippines
🔎 Fast Loan in 15 Minutes

What Are the Advantages of a Medical Loan?

Not all of us have saved enough money for emergencies. Sad reality of life is that we live from paycheck to paycheck. As such, we do not have funds on stand-by if health issues arise. This is why we want the support of financial institutions, especially if we are in a medical emergency situation.

It is also worth noting that health emergencies arise in times that we least expect it to. Below are some of the advantages of getting a credit for medicine treatment.

  1. Fast Cash – you can get approved in as short as 14 hours. This is crucial, as most medical credits only happen during a time of emergency. What do you think is going to happen if you have no money? You cannot buy medication, and the patient’s condition will just get aggravated.  
  2. Easy Terms – many medical loans offer installment terms, especially so if you are applying for a loan in a bank or a private financial institution. This is important because a health problem can pull a family down financially. If a medical emergency happens to you, you will need some time to recover financially.
  3. Hospital security – some hospitals ask for a down payment before they perform any operation. While this is illegal, you can never be sure enough if the hospital where you brought your loved one is going to ask for a down payment. A medical loan that you secure within two days can help you pay this down payment. After you pay it, the hospital can start treating you or the patient.

These credits are important. You get money when you need it at the same time that your family members are pitching financial aid.

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5 Situations for Taking Medical Loan

Here are some situations where you may need a medical credit:

– For medical operation  – this can be because of a sudden medical issue like a heart attack, or if an accident happened to you or your relative.

– For medicine procedure – sometimes, it takes several days before a doctor can assess that a surgery is needed. If this happens, you may be financially unprepared. As such, you know where you can get a money.

– For health treatment for your family– in some situations, someone you love may get sick. In this case, you want to provide financial aid, but your personal funds are not enough. 

– For health expenses – some people want to take medication regularly. Sometimes, you may run out of funds, but you need money to buy pills for them. It is in this situation that a credits comes in handy.

– For your hospital bills  – you may also fall ill and end up in hospital with hospital bills to pay. It is a relief that you can file for a loan online. What this means is you will have money in your bank account without having to go out.

Whatever your situation is, a medical loan application in the Philippines is useful. Explore your options, and then list down the best companies where you can apply. Save that information in your phone.

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Requirements for a Medical Loan

Here is a quick snapshot of what you prepare to apply for a loan:

  1. ID – you have to present a government ID to prove your identity;
  2. Proof of income – you can submit a Certificate of Employment or ITR document (2) from the Bureau of Internal Revenue.

Some companies may also ask for a proof of address. In this case, you will provide a photocopy of your credit card bill or utility bill.

Get a Quick Medical Loan up to PHP 25,000

Read Useful information about:
🔎 How to Get 1 hour Loans Online in the Philippines
🔎 How to Get Gadget Loan apps in the Philippines


  • What is a medical loan?
    A medical loan is a personal loan that is used to pay for medical expenses, such as if you need quick money for a medical procedure.
  • Can I get a medical loan?
    Yes, if you meet the bank's requirements.
  • Are medical loans legal?
    Yes, many companies in the Philippines issue medical loans legally and have a registration number in the government registry.
Disclaimer and Editor’s note

Articles sources


Digido Financial Writers Team is a team of experts in the field of finance and credit, specializing in writing articles for Digido blogs.
Anna Kireeva
Author pages:
Anna is a marketing communications professional who specializes in digital marketing strategies and long-form content.

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