Healthcare costs can add up fast, especially when insurance doesn’t cover elective procedures or unexpected medical expenses. Many patients turn to LendingPoint for its flexible loan terms and simple online application process. But while LendingPoint personal loans can be a great fit for some, others look for alternatives that offer lower APRs (annual percentage rates), higher approval rates, or options better suited to specific credit profiles.

When comparing healthcare financing options, it helps to consider the full picture — from prequalification and credit requirements to repayment terms and overall flexibility. Finding the right lender can make care more affordable for patients and help providers offer accessible, transparent payment solutions. Here are some top LendingPoint alternatives to consider.

Cherry

Cherry offers point-of-care financing built specifically for healthcare. Patients can apply in 60 seconds with a soft credit check, receive an instant decision, and finance up to $50,000 without hurting their credit score.

If approved, they can choose between short-term, interest-free Pay-in-4 plans or extended monthly payment options with true qualifying 0% APR — no deferred interest. Funds are available for immediate use, so patients can move forward with treatment without delay — often the same day.

For practices, Cherry approves 80%+ borrowers across credit profiles, provides upfront payment within 2-3 business days, and charges the lowest merchant fees in the industry. What’s more, each approval is exclusive to the practice — meaning loan funds can only be used where the patient applied. On top of enhancing cash flow, this can encourage patient loyalty and ultimately contribute to practice growth.

Key Takeaways — Cherry

• 60-second application with soft credit check and instant approval decision
  
• 80%+ approval rate across credit profiles; funds available for immediate use
  
• Borrow up to $50,000 with flexible repayment terms up to 60 months
  
• True 0% APR available for qualified borrowers; no deferred interest
  
• No origination fees, late fees, or prepayment penalties
  
• Providers receive upfront payment within 2–3 business days
  
• Lowest merchant fees in the industry
  
• Dedicated customer support team for patients
  

Avant

Avant is an online lender known for its accessibility for borrowers with fair or bad credit. Patients can prequalify online with a soft credit check and, once approved, receive loan funds as soon as the next business day.

Loan amounts range from $2,000 to $35,000, with repayment terms from 12 to 60 months. APRs start near 9.95% and can reach up to 35.99%. Avant charges an origination fee of up to 4.75%, and its loans are unsecured.

For providers, Avant can be a helpful resource for patients with lower credit scores who need predictable monthly payments and transparent loan rates.

Key Takeaways — Avant

• Online personal loan provider offering $2,000-$35,000 for healthcare costs
  
• 12–60-month repayment terms with APRs typically 9.95%-35.99%; no 0% APR options
  
• Prequalification via soft credit check; full application triggers hard credit check
  
• Clear loan options for borrowers with low credit scores or fair credit
  
• Funding available in 1-2 business days; not as fast as healthcare BNPL
  
• Approvals not exclusive to practice; funds disbursed directly to borrower
  

Best Egg

Best Egg provides personal loans that work well for medical bills, elective procedures, or the consolidation of healthcare-related credit card debt. Borrowers can prequalify online to check rates and loan terms without a hard credit inquiry.

Loan amounts range from $2,000 to $50,000, with repayment terms between 24 and 84 months. APRs vary by credit score and range from approximately 7% to 36%. There’s an origination fee, but no prepayment penalties.

Best Egg’s predictable repayment structure and competitive rates make it one of the best personal loans for patients seeking to refinance existing balances or cover a major purchase in care.

Key Takeaways — Best Egg

• Personal loans up to $50,000 with 24-84-month repayment terms
  
• Fixed interest rate, lower APRs for borrowers with good credit; no 0% APR options
  
• Soft credit check for personalized loan offers; hard credit check for full application
  
• Origination fee applies but no prepayment penalties
  
• Suitable for borrowers consolidating medical or credit card debt
  
• Competitive rates and flexible loan options for healthcare needs
  
• No upfront payment or exclusive approvals; funds disbursed directly to borrower
  

LendingClub

LendingClub offers traditional installment loans that patients can use for larger healthcare procedures. Borrowers can prequalify online, compare rates, and complete the full loan application quickly.

Loan amounts reach up to $60,000 with repayment terms of 24 to 84 months. Fixed interest rates range from about 8% to 36%, depending on creditworthiness. LendingClub charges an origination fee between 0% and 8% and requires a hard credit check before loan approval.

For providers, LendingClub suits patients seeking predictable monthly payments and longer repayment timelines for higher-cost treatments.

Key Takeaways — LendingClub

• Loan amounts from $1,000 to $60,000; fixed monthly payments
  
• Repayment terms from 24-84 months with APRs of 8%-36%; no 0% APR options
  
• Soft credit check for prequalification; Hard credit check required during final underwriting process
  
• Origination fee 0%-8%; no prepayment penalties
  
• No upfront payment to practices or exclusive approvals; funds disbursed directly to borrower
  
• Good for borrowers consolidating medical debt or refinancing balances
  

Prosper

Prosper operates as a peer-to-peer lending marketplace offering unsecured loans that can be used for medical and elective procedures. Patients can prequalify online, view loan rates, and complete funding in as little as two business days.

Loan amounts reach $50,000, with repayment terms of 24 to 60 months and starting APRs of 8.99% that go as high as 35.99%. Prosper does charge an origination fee between 1% and 9.99%.

Prosper works best for borrowers with good or excellent credit who want fixed monthly payments and transparent loan rates for healthcare financing.

Key Takeaways — Prosper

• Soft credit check for prequalification; hard credit check for full application
  
• Borrow up to $50,000 with repayment terms from 24–60 months
  
• Fixed APRs between 8.99%-35.99% depending on credit score requirements; no 0% APR options
  
• Origination fee of 1%-9.99% deducted from loan proceeds at disbursement
  
• Ideal for refinancing medical bills or funding a major purchase in care
  
• No upfront payment to practice or exclusive approvals; funds disbursed to borrower’s checking or savings account
  

SoFi

SoFi is a technology platform and online lender offering unsecured personal loans that can be used for higher-cost medical procedures. Borrowers can prequalify online without affecting their credit (though a full application triggers a hard inquiry), choose from term lengths of 24 to 84 months, and borrow up to $100,000.

APRs start around 8% for qualified applicants, and SoFi doesn’t charge origination fees or prepayment penalties. Borrowers with excellent credit will have access to the lowest rates available.

For healthcare providers, SoFi is ideal for patients with strong financial profiles who prefer flexible repayment terms and the stability of a fixed-rate loan.

Key Takeaways — SoFi

• Prequalification via soft credit check; hard credit check for full application
  
• Larger loan sizes: personal loans up to $100,000 with 24–84-month term lengths
  
• APRs starting near 8% with no fees for late payments; no 0% APR options
  
• Autopay discount available for eligible borrowers
  
• Borrowers without good credit may face high interest rates
  
• Funding in 1-3 business days for large procedures or medical debt consolidation
  
• Fixed rate and no prepayment penalties
  
• No upfront payment to practice or exclusive approvals; funds disbursed directly to borrower
  

Upstart

Upstart uses AI-driven underwriting to expand eligibility for borrowers with limited credit history or a fair credit score. Patients can apply online, prequalify with a soft credit check, and receive next-business-day disbursement once approved.

Loan amounts range from $1,000 to $50,000, with terms of 36 or 60 months. APRs range from approximately 7% to 36%, and an origination fee may apply.

For providers, Upstart helps more patients qualify without adding in-house risk. Its quick funding and flexible criteria support timely access to care.

Key Takeaways — Upstart

• AI-driven underwriting considers credit history and annual income
  
• Minimum loan amount of $1,000, maximum loan amount of $50,000; 36- or -60-month terms
  
• APRs typically 7%–36%; origination fee may apply; no 0% APR options
  
• Prequalification via soft credit check; hard credit check for full application
  
• Funding for approved borrowers in 1-3 business days
  
• Expands eligibility for patients with fair or low credit scores
  
• No upfront payment to practice or exclusive approvals; funds disbursed directly to borrower
  

OneMain Financial

OneMain Financial serves borrowers across the credit spectrum, offering secured loans and unsecured loans that can be used for medical expenses. Loan amounts range from $1,500 to $20,000, with repayment terms of 24 to 60 months. APRs run from 18% to 36%.

Funds can be deposited into a bank account within hours of approval, and there are no prepayment penalties. OneMain’s strong branch network and customer support make it accessible for borrowers who prefer an in-person application process.

Key Takeaways — OneMain Financial

• Secured and unsecured loans for medical or dental procedures
  
• Small loan amounts compared to other lenders: $1,500–$20,000 in financing with 24–60-month terms
  
• High APRs: 18%–36% based on creditworthiness; no 0% APR options
  
• In-person or online application; funds available same day in some cases
  
• No prepayment penalties and strong customer support
  
• Accepts borrowers with poor credit or lower credit scores
  
• No upfront payment to practice or exclusive approvals; funds disbursed directly to borrower

Provider FAQs

Can patients prequalify without affecting their credit score?

Most personal loan providers and fintech lending platforms allow prequalification through a soft credit check, letting borrowers compare loan offers, rates, and repayment terms without impacting their credit profile. This is the ideal way to find the best rates or terms before completing a full application that triggers a hard credit inquiry.

What credit score do patients need to qualify for a healthcare loan?

Each lender sets its own minimum credit score and eligibility criteria. Some focus on borrowers with good or excellent credit, while others are designed for fair or poor credit profiles. Borrowers are likely to face higher rates without a cosigner if they have a low credit score, limited credit history, and high debt-to-income ratio. If you’re rebuilding credit, consider lenders that specialize in inclusive financial services or partnerships with credit unions and community-based financial institutions.

How soon will borrowers receive their loan funds?

Funding times vary, but most online financial institutions offer fast funding — sometimes same day or next business day after loan approval. Disbursement typically happens via direct deposit into the borrower’s bank account (with the exception of Cherry that pays providers directly), giving them immediate access to loan proceeds for medical procedures or follow-up care.

What fees should borrowers expect?

Common fees include origination fees based on the loan amount, and occasionally late fees for missed or delayed payments. Some lenders may charge prepayment penalties for paying off a loan early, but many do not. Instruct patients to carefully review APRs and interest details before signing, especially if they’re comparing debt consolidation loans or deferred interest promotions that promise lower rates.

What’s the difference between secured and unsecured loans?

Secured loans require collateral like a vehicle or home equity, while unsecured loans rely on creditworthiness and income. Most healthcare loans are unsecured, making them ideal for borrowers with strong credit history. Borrowers with fair credit or valuable assets may find that secured options offer lower interest rates or larger funding amounts through traditional financial institutions.

Can borrowers refinance or consolidate existing medical debt?

Yes. Many borrowers use personal loans as debt consolidation loans to combine multiple medical or credit card balances into one fixed-rate loan with predictable monthly payments. Refinancing can also lower APR, simplify budgeting, and help rebuild credit history when payments are made on time.

Do healthcare loans affect credit score?

Yes. On-time payments help strengthen credit history and improve creditworthiness, while late or missed payments can negatively impact a borrower’s credit report. Because most lenders report activity to major credit bureaus, paying consistently can help build positive credit over time.

Are personal loans only for healthcare expenses?

No. Personal loan purposes vary. In addition to medical financing, they can also cover other major purchases like home improvements, student loans, or emergencies.

Are these loans available in all states?

Personal loans for healthcare financing are available nationwide but vary by lender and state. Some lenders restrict maximum loan amount or loan type in specific areas, and business-day cutoffs affect same-day or next-business-day funding. Residents of West Virginia, for example, will find that Upstart loans are not available in their state. Patients should confirm local eligibility and lending restrictions before applying.

Final Thoughts on Loans Like LendingPoint

When comparing loans like LendingPoint for healthcare financing, it’s clear that every platform brings something different to the table. Traditional personal loan lenders like SoFi, Best Egg, and LendingClub give borrowers access to structured installment loans with fixed rates, while fintech providers such as Upstart and Avant make fast funding more accessible for those with fair or poor credit. These financial institutions and lending platforms can be useful for general personal finance goals — but they aren’t built specifically for healthcare.

Cherry stands apart as a true healthcare financing solution. Designed for medical, dental, plastic surgery, veterinary, dermatology, and aesthetic practices, Cherry simplifies the payment process by meeting patients where they are financially.

Providers receive upfront payment, higher treatment acceptance with an 80%+ approval rate across credit profiles, and the lowest merchant fees in the industry. Patients benefit from a 60-second application that doesn’t impact credit score, flexible payment plans, and true 0% APR for qualified borrowers — no deferred interest.

Whether you’re a provider seeking a reliable financing partner or a patient ready to move forward with care, Cherry offers the best balance of accessibility, affordability, and trust. Get started with Cherry today to learn how patient financing can transform your practice.