Applying for a loan with Medicred is quick and easy. Simply follow these steps:
- Complete the Application Form – Visit our website and fill out the loan application form with your details. Ensure all information is accurate and up to date.
- Decision in Principle – we will process your application and complete a Credit & Affordability Check then provide you with a decision quickly, usually within minutes. If further checks are required, it may take up to 24 hours.
- Identity Check – You will need to provide your proof of identity (driving licence or passport with an NFC chip). We will send you a link to complete this at a convenient time.
- Loan Agreement – Once you have passed the Identity Check we will send you a loan agreement to check and e-sign.
- Direct Debit Set-up – We will send you a link to authorise your bank for the monthly Direct Debit payments.
- Funds Released – Once all the steps are complete we will release the funds to the approved bank account.
If you have any questions during the process, feel free to contact us for assistance.
