Dental finance: can I get a loan to fix my teeth?
If you had a recent visit to the orthodontist or dental practice, you might have been given a pricey treatment plan. Dentists and orthodontists typically prescribe a lot of expensive treatment. Getting a loan for major dental work or orthodontics can feel overwhelming as there’s lots of different dental finance solutions available with varying pros and cons. Here we will look at whether getting a loan for dental is a good idea, the process for dental finance and whether you can get a dental loan with bad credit score.
Is a loan for dental work a good idea?
As you’ve probably guessed, a loan can be a helpful option if you need help to fix your teeth. And there are many reasons why people might need dental loans: they may have had an accident or illness that has caused damage to teeth; they could have had dental issues since childhood; or perhaps they simply want to enhance their smile with cosmetic dentistry
Either way, it’s important that you do some research before taking out any type of loan so that you know exactly what kind of options are available to suit your personal circumstances, and how much they’ll cost.
How much will my treatment cost?
The cost of dental work depends on the type of treatment needed and the level of dental cover included your health insurance policy. The price could range anywhere from $500 to $20,000 or possibly more, and will vary depending on the complexity of dental work needed, the duration of treatment and the materials needed to carry out your treatment plan.
Braces are an example of a common treatment that can vary greatly in price depending on the type of braces you choose and how long they need to be worn for. Braces can cost anywhere from $1500-$10,000, depending on whether you want traditional metal brackets or clear ceramic ones, Invisalign, or need extended treatment for a complex issue.
Can I get money for braces?
If you need a loan to pay for dental treatment including braces or other dental work, there are options available with various lenders.
Dental loans are usually offered in instalments that must be paid back over time – usually
between one and five years. The interest rate will depend on several factors: the amount being borrowed, the credit rating and income of the borrower, and the length of treatment. Your income must also be steady, so that you can make monthly repayments.
What is the process for dental finance?
The process for dental finance is simple. If you’re 18 years or older, you can apply for a personal loan to fix your teeth by filling out our online application. Once you’ve submitted it, we’ll review your information and get back to you within 24 hours.
What are the benefits of taking out a loan to fix my teeth?
There are a number of benefits to taking out a loan to fix your teeth. If it’s been on your mind for years and years, but you haven’t been able to afford it yet or have been putting it off because of financial issues, then finally getting your dental care and treatment started will make all the difference in how happy and confident you feel each day. Maybe you have an upcoming wedding, honeymoon or holiday, and would love to improve your smile for the special occasion.
In addition to dental finance, we also help with wedding loans and holiday finance.
Bad credit and dental work
You may still be able to get dental finance if you have a bad credit score. However, it’s likely that you will have to pay more for your loan and possibly a higher interest rate. This is because it’s more risky for lenders to lend money to borrowers with poor credit histories. Also, if the lender does decide to offer a loan, they may require collateral or an upfront deposit (also known as a “down payment”) in order for the borrower to qualify for financing.
There are still plenty of great options out there – you just need to know what questions to ask before signing any contracts or making any decisions about which types of financing would work best for your situation. Having a trusted finance broker on your side (who will protect your credit score) can make all the difference. Some brokers also offer wholesale interest rates which mean you get the very best finance deal possible.
Want help with dental finance?
If you’re reading this, it’s likely that you not only need dental work, you also need help with the cost of carrying out out your dental treatment. We are finance specialists who will help you get access to market leading dental finance and help you work through financial issues that are holding you back from getting the treatment you need. We can also help if you don’t have any savings or assets to use as collateral in order to secure a loan.
If you’d like to speak with a
trusted finance broker to help choose the best option for financing your dental expenses, contact the team at FLOW. We are here to help!
Jade Coote – Finance Specialist
Jade is the Co-founder and owner of FLOW Financial Services. She is passionate about providing customers with amazing service and helping them achieve their dreams whether it be purchasing a car, boat, caravan or whatever it may be. With over 7 years experience, Jade has formed close relationships with lenders and takes great pride in her extensive knowledge within the industry. Contact Jade today to discuss your finance needs.
