A Medfin line of credit is a fast and flexible way to cover unexpected expenses

Managing cash flow across staff, patient care, upgrades and fees can be a tricky balance. Unexpected expenses and opportunities can crop up at any time. With Medfin’s Med-e-credit, you’ll have fast, flexible and convenient access to funds to cover operating expenses or provide working capital – because quick access to finance keeps your healthcare practice in good shape.

Benefits you’ll enjoy with a Med-e-credit facility

  • Revolving line of credit

  • Sign documents electronically to save on paperwork and time

  • Variable interest rate

  • No set principal repayments

  • The funds will be available to use in a couple of business days after signing your loan documents

  • Interest is only charged on the funds you use, and when you use it – not on the total amount approved

  • No security required²

Fast lending when you need it the most

We find the right financial solution for thousands of healthcare professionals each year. When you need fast access to funds, our finance specialists are just a phone call away.

Let’s chat about how our tailored approach is all about you.

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Managing cash flow in your practice

If the answer is yes, consider the advantages of finance solutions like commercial hire purchases, lease or that can spread repayments over a longer period and may provide tax benefits.

Med-e-credit FAQ

You can request funds to be drawn down either online using the Account Services form or over the phone with Medfin’s Client Service team on 1300 728 718

And it’s the same process for when you want to pay funds back onto your Med-e-credit or Property Line of Credit account.

No, you will nominate and link a primary business account to your line of credit.  You can change the nominated account at anytime by calling Client Services on 1300 728 718.  This is to protect you and the security of your business credit limit.

The account name must match the name on your Medfin line of credit facility loan documents.

To verify the account is linked to the right business bank account, we need a copy of a bank statement, or cheque that shows that the name on the account matches the name on your line of credit documents.

Yes. There is a one-off establishment fee payable on settlement of your new line of credit and a monthly account maintenance.

1. All funds transfer requests received by 3pm (AEST) on a banking day will be processed overnight. Same day funds transfer option (RTGS) available; fees, charges, terms and conditions applicable.

2. Provided eligibility criteria are met.

All facilities with Medfin and National Australia Bank Limited are subject to eligibility criteria, credit assessment and approval. Terms & conditions, fees & charges apply (available upon request).

Because we do not know your personal objectives, please consider whether these products and services are appropriate for your circumstances. Before acting on any of the information on this website, please seek independent financial and tax advice.