CosmediLoans vs Humm: Which Is Best for Medical Financing?
Quick Verdict
Humm (formerly Certegy Ezi-Pay) offers interest-free payment plans up to $30,000 through participating providers, making it a strong option for medium-sized procedures at partnered clinics. CosmediLoans compares 20+ lenders and covers any procedure up to $100,000 with no requirement for provider partnerships. Humm is a solid choice when your provider participates and the treatment is under $30,000. CosmediLoans is better for larger procedures, patients who want rate comparison, or when your provider isn't a Humm partner.
Feature Comparison
| Feature | CosmediLoans | Humm |
|---|---|---|
| Maximum Amount | $2,000 – $100,000 | Up to $30,000 (Big Things) |
| Interest Rate | From 6.99% p.a. (personalised) | 0% (merchant absorbs cost) |
| Repayment Term | 1 – 7 years (flexible) | Up to 60 months (provider dependent) |
| Provider Requirement | Any medical provider | Must be a Humm partner |
| Establishment Fee | Varies by lender ($0–$450) | Up to $99 (Big Things) |
| Monthly Fee | None | $8/month (Big Things) |
| Credit Check | Soft pull (no impact) | Full credit check |
| Best For | Any procedure, any provider | Medium procedures at partner clinics |
How CosmediLoans Works
CosmediLoans connects you with a personal broker who compares medical loan offers from over 20 Australian lenders. Your broker finds the most competitive rate for your procedure and circumstances. There is no credit impact for the initial assessment, the service is free, and you can use the funds at any medical provider.
How Humm Works
Humm provides interest-free payment plans at participating merchants. Humm Little Things covers purchases up to $2,000 in 5 or 10 fortnightly instalments. Humm Big Things covers $2,001 to $30,000 over 3 to 60 months. The merchant absorbs the interest cost, so not all providers offer Humm. An establishment fee and $8 monthly fee apply on Big Things plans.
Who Should Use Which?
Choose CosmediLoans If…
- Your procedure costs more than $30,000
- Your provider is not a Humm partner
- You want to compare rates across 20+ lenders
- You prefer no monthly account fees
- You want to avoid a hard credit check for the initial enquiry
Choose Humm If…
- Your provider offers Humm and the treatment is under $30,000
- You want genuinely interest-free payments
- You prefer a known instalment schedule through your provider
- You value the simplicity of in-clinic sign-up