If you have to go to the dentist today, you can take a big wallet with you. Since the statutory health insurance companies have slashed their service catalog, the patient has had to pay extra for new teeth. A sum of several thousand USD is not uncommon. Not every patient has so much money on the high edge and has to take out a loan for new teeth.
Partial payment contract if the patient describes his situation
The patient can freely decide where to take out the loan for new teeth. The house bank is ideal, but also direct banks from the Internet. The dentist often also offers a partial payment contract if the patient describes his situation. Often dentists also work with partner banks who can make loan offers.
If you look at the costs, which often amount to 10,000 USD and more, which the patient has to finance himself, many patients cannot avoid a loan. If implants become necessary, a single tooth can already cost 2,000 USD. Implants are not part of basic care, so the patient has to pay for them out of his pocket.
If the patient cannot afford these high-quality dental services, he should check the existing financing options. It is important that information about financing is obtained before the start of treatment.
The initial situation
Banks do not offer a special loan for new teeth directly. Here the patient could apply for an installment or consumer loan, which can also be used freely. The bank does not ask for the purpose of such loans. The bank is only interested in whether the patient can meet the credit requirements. The conditions that banks require for a loan are the same for almost all lenders.
If the patient can show a regularly incoming and sufficiently high income, he has already fulfilled part of the conditions. The impeccable Credit Bureau is also very important and should not be burdened with negative entries. If this is the case, the loan can be rejected, regardless of how high and how secure the income is.
Before applying for credit for new teeth, the patient should of course know what the costs will be. For this, he can have a cost estimate made at the dentist. If there is enough time, it makes sense to look at a cost estimate with another doctor. How high the loan amount can then depend on the customer’s creditworthiness. But not only that, the conditions of the bank also play a decisive role.
It should not only focus on the offer of the house bank. If you consult several offers, you will get a better overview of whether the loan is cheap or not. In general, the loan for new teeth can be taken out at any bank if the creditworthiness allows. The money is then transferred to the customer’s checking account. It is not necessary to set up a separate account.
The dentist loan
Many dentists know about the problems of their patients and the high dental costs. For this reason, the dentist offers his patients a loan. This is pleasant for patients in that they do not have to apply for a loan themselves.
Of course, the loan does not come directly from the dentist, but rather works with financial service providers who transfer the loan amount to the dentist and agree on payment in installments with the patient. However, with this type of financing, the patient has no comparison options, including with regard to interest.
Credit from the bank
The loan for new teeth can of course also be taken out at a bank. The customer can opt for a normal installment loan or look for special loans for medical treatment. The credit comparison should be important here, because the terms and conditions can be very different. The patient should not only target the house bank, but also include the direct banks from the Internet in the search.
When comparing loans, the criteria are the loan amount, the interest, the terms and the monthly rate. If the customer finds a provider after entering the aforementioned numbers, he can apply for the loan directly via the comparison. However, with a loan for new teeth from the bank as well as at the dentist, it is also important to ensure that the creditworthiness looks as described in the initial situation.
If the customer can meet the conditions, the loan is approved and the loan amount is paid out. Checking the loan application is usually fairly quick when the credit requirements are met.
The overdraft facility as a credit solution?
Most bank customers have a so-called overdraft facility. The bank makes this available to its customers if there is regular income. Banks are quite generous in their approval and often provide up to three net monthly salaries. If a customer earns 3,000 USD net, he could have a disposition of 9,000 USD. Sufficient as a loan for new teeth.
That’s how many loan offers you get
However, the overdraft facility is an expensive affair, and it is not uncommon for interest rates to be in the mid double digits. If the customer knows that he can pay the overdraft facility in a relatively short time, he would be a solution for quick credit requirements. Under no circumstances should it be used if there is no possibility of a quick return. Because the overdraft facility is always used and never returned, the overdraft facility adds up automatically. Often, an installment loan is still due because the overdraft facility has become confusing.
The bad Credit Bureau
However, if the patient has a bad Credit Bureau, it does not look good with a conventional loan. Few banks then approve a loan. The way out could then be a Credit Bureau-free loan. However, this is almost only processed through credit agencies. Basically not a bad thing, but the customer has to calculate the commission of the brokerage in his credit needs.
Sufficient income is also important for these loans. There must also be a permanent position. The Credit Bureau does not matter, the credit does not appear in it. However, the loan amounts are limited. There are three loan amounts, $ 3,500, $ 5,000 and $ 7,500. At both of the latter loan levels, a long-term activity must be proven.