Forum
Last updated: 

Can hospitals offer loans?

A friend of mine has a son who became an outpatient last night due to a car accident. The car he was riding unfortunately loses its brakes. Him, together with other passengers were rushed to the Emergency Room. My friend cannot afford to pay the bills since it went up to the roof due to thesurgery that has been done to his son. While in the counter, an emergency staff walked up to her and offered a bank that offers on-the-spot loans because it is in partnership with the hospital.

User comments

  • user image

    No Name

    It is better to not take the loan and just borrow from someone you know because loans that happened in the hospitals makes those persons vulnerable. Most likely, there will be no contracts or whatever because the hospital is taking advantage of the situation of those who are in need. Most of those loans will surely have high interests that will make you free from your debt to the hospital but not from the bank which is the partner of the hospital.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

Can I transfer money to the bank from my credit card?

I have debts that need to be paid would it be a good idea for me to use a personal loan in order to pay these debts?

Can loan money be used for damage compensation?

I want to new home loan right now. Because my home has been falling due to flooding. So what are requirement document to take home loan?

What are the terms and conditions for me as a creditor to file a debtor for bankruptcy?

Tomorrow is my marriage with my lovely girlfriend. But today my company, house and my all property have been seized through government due to a lot of loans. So now what will happen next with me?

Related Reviews

Quick Cash has the lowest published interest rates on the market and no processing fees

Citi Personal Loans / Citibank Singapore

One other good thing CIMB credit cards have is that there are no annual fees

The CIMB CashLite personal loan is based on your available credit card credit limit therefore you have to be a CIMB cardholder to apply for it. One other good thing CIMB credit cards have is that there are no annual fees but CIMB doesn’t publish their interest rates online. The actual interest rate is personalised based on your risk profile and credit history so you might very well end up with a higher interest rate than advertised.

CIMB CashLite / CIMB Bank Berhad Singapore Branch

MoneySmart exclusive rate of 3.5% (7.27% p.a.) for new loan customers with only 1% processing fee

The OCBC ExtraCash Loan is a true personal loan as it allows you to borrow up to 6X your monthly salary. However, I must warn that the interest rate is kinda high. If you don’t require that much money, I recommend that you consider the OCBC Cash-on-Instalments loan which is slightly cheaper. However currently with OCBC personal loan, you can get a MoneySmart exclusive rate of 3.5% (7.27% p.a.) for new loan customers with only 1% processing fee. For existing loan customers, you pay an interest of 4.7% p.a. (EIR 9.46% p.a.).

OCBC ExtraCash Loan / Oversea-Chinese Banking Corporation

You can actually apply for a credit card and personal loan at the same time

To apply for a UOB Personal Loan, you’ll need either a UOB CashPlus account or UOB credit card as UOB draws from your credit card limit. If you’re new to UOB, you can apply for a credit card and personal loan at the same time but note that terms & conditions like the fee schedule of the credit card will also apply to your UOB Personal Loan. UOB bank is one of the few banks that provide instant approval for personal loans for submissions between 7am to 8pm by new UOB customers.

UOB Personal Loan / United Overseas Bank

$199 cashback for loans of $1,000 and above if you apply through MoneySmart

Although standard Chartered personal loan’s published rates aren’t that awesome, you still get a much lower interest rate as well as $199 cashback for loans of $1,000 and above if you apply through MoneySmart for your loan amounts of $1,000 to $250,000. Like most of its competitors, Standard Chartered Bank promises next-day cash. You can apply via MyInfo via MoneySmart to get instant approval and loan disbursement

Standard Chartered CashOne Personal Loan / Standard Chartered Bank Singapore

DBS personal loans are based on either your credit card or personal line of credit

DBS personal loans are based on either your credit card or personal line of credit. Thus if you have DBS credit card or DBS Cashline and a DBS deposit account, you can apply through internet banking and get your loan processed immediately and credited instantly into your account. However if you don’t have a DBS credit card you can still get this loan, but you will have to furnish your income documents and obviously you won’t get the funds right away

DBS Personal Loan / DBS Bank