Sometimes we need some emergency dental work done, but we don't have the funds. It's also a good idea to get regular check-ups to prevent future damage, but these can be costly too. If you don't have the money you need, it's a good idea to look into a dental loan.
A Medical loan can help you pay for a whole procedure or part of one. Let's take a more in-depth look into the types of care you may need a loan for and what are the options.
Compare Dental Loans
- High Probabilities of Approval
- New to Credit borrowers
- Fast funding
- Checking their rates won’t affect your credit rating
- Member bonuses
- Fixed and variable rates with no hidden fees
- Straightforward and speedy sign-up
- Flexible payment options
What Is a Dental Loan?
A dental loan is a personal loan where you borrow money specifically for dental care. It works similarly to other personal loans, and the amount you are lent will depend on your credit score. Having a bad credit score will affect whether or not you get one and how much.
They are unsecured, so don't rely on an object for collateral. This can make interest rates a little higher, though. Shop around before deciding which company to borrow from.
How to Apply?
After you've researched online and in your city, you have found the company that you want to get a loan from. You should compare interest rates and payback methods to help you decide.
You will then need to apply for the loan you need. This can usually be done online, but if you aren't too familiar with how things work on the internet, you can usually speak over the phone. If they have an office nearby, you can head in for a chat one-to-one.
You will also need to agree on how long a period you have to pay it back. This is referred to as a payment plan or financial plan and is the final terms of the agreement between the borrower and the lender.
When Can a Dental Loan Help?
Taking out a loan can be very helpful in a few situations. Occasionally we may bite on something hard and lose a piece of our tooth. This is a dental emergency to get it fixed before the root becomes exposed.
We don't always have the right amount of money to cover these urgent situations, however. A loan can be beneficial in times like these, even if it's just a small one.
A dental loan can also come in handy if you are told your child needs braces or some other treatment from an orthodontist. This can be costly, and it's often better to take out a loan to pay for it when needed and then pay it back slowly. It's useful for all kinds of emergency, dental surgery, or other treatments when you don't have any insurance in place.
How to Get Dental Loans in the US
Anyone can apply for a loan of up to or around $25,000. It is a personal loan as banks are very resistant to give out loans for such things. Dental and implant financing is one of the most common types of personal loans, and many companies will be happy to help. You will need to talk to a few different companies to shop around for the best rates available.
Do Dentists Allows You to Make Payments?
A lot of patients use their insurance to pay for most, and sometimes all of their dental work. However, not everyone has insurance. Some dentists will allow you to use financing to pay for the treatment, which will enable you to pay for it over time. You will need to check with your current dentist to see if it's an option for you. A payment plan is an excellent choice for those who don't have the money to pay for treatment upfront.
Finance Dental Work: Options
There are a few different ways to finance the dental work you need. Let's take a look at some options.
Most Americans nowadays own a credit card. It's the best way to prove a good credit score, and you can't get a loan without one. The fact that credit cards let you pay for something and then pay it back in installments after means that it's an excellent choice to pay for dentistry. Dental credit cards do exist, and it's an excellent idea to look into this if you find you need immediate treatment.
You will have to speak with your dental practice to see if they offer payment plans. This means that you can pay for the treatment in installments instead of one big lump sum.
Personal Loan for Dental Work
Taking out a personal loan of up to $25,000 means you have the opportunity to pay for any kind of dental procedure. You can borrow all the money at once and then pay it back over a specified period.
Factors That Impact Dental Costs
Affordable dental care isn't available to everyone. There are a few factors that determine how much work you need doing will cost.
Where you live can be a huge factor. Different cities have different economies, so the cost of dental healthcare will reflect this.
Whether or not you have insurance will affect the price quite a lot, unfortunately for those who don't have it. Without insurance, the price will usually be a little more.
Coding of Procedures
Depending on what treatment you need and what procedure code it has can make it more or less expensive.
Quality of Care
If you go to the best dentist in town, it's obviously going to cost significantly more than a less established dentist. You get what you pay for regarding the quality.
Compare Dental Loans
- Soft pull
- Low credit score requirement
- No prepayment penalty
- Long terms of the loan
- Discount for automatic monthly payments
- Available in all 50 states
- Referral bonus of up to $400
- No origination fee
Main Procedures That Dental Loan Covers
Below is a list of all the main procedures and treatments that a dental loan will cover.
In this procedure, your dentist will apply a tooth-colored resin to repair the damage. It's a good option if you don't have a lot of money as it's a lot cheaper than crowns and veneers.
If you have missing teeth, your dentist will consider a bridge to fill the gap. This helps to bring back the function of the tooth and to make your mouth look full again. The bridge is attached to the two teeth on either side and can be a costly procedure.
This is a common practice used to realign crooked teeth. It often requires many trips to the dentist, and it isn't cheap. Look out for a brace payment plan near you to help manage the financial side.
Contouring and Reshaping
This is a cosmetic procedure where the dentist removes enamel to change the shape, length, or surface of a tooth.
Cosmetic Gum Surgery
Cosmetic gum surgery can remove or reshape the gum around a particular tooth. For each tooth, it can cost anything between $50 and $350. It depends on the rates in your area and the quality of work.
Crowns are a standard procedure if you have a large cavity that needs to be capped. For each tooth, you can expect to pay between $800 and $1,700. Insurance may cover a part of it, but rarely the entire cost.
These can range from $1,000 to $3,000, and you may need to add on the cost of a crown too. They are not cheap by any means, so it's a good idea to ask around where you live to find a good deal and also a good quality dentist.
Heat cured dentures are the best to get and can set you back up to $3,000 for a whole set. However dentures last a long time, so they’re a good investment.
These are some of the cheaper procedures out there, and it should be easy to find financing near to where you live.
This is a kind of invisible brace that's used to help align teeth. It can cost up to a hefty $7,000, so a lot of people opt for a loan to help pay for this.
This is a severe infection that can affect the gums and even damage the jawbone. It is incredibly costly to undergo surgery, and many seek payment plans or loans to help out.
For a root canal, you will often need to visit the dentist a few times, and the costs can add up. It will usually come out to around $1,000.
If you suffer from sleep apnea, you may have been recommended a device to push your tongue and jaw forward to help you breathe better. These can cost up to $2,000 at your dentist.
If a tooth is left to go bad for so long, it may need to be extracted. This can cost you anything between $75 to $300 without surgery. With surgery, it can go up to $600.
TMJ syndrome can cause extreme pain in your jaw due to several reasons. It usually requires surgery, and will cost up to $50,000. This is a costly procedure and most seek out a loan to cover the expenses.
Teeth whitening is a cosmetic procedure that you may decide to have if you have very stained teeth. It isn't so expensive, but you will need to go for various sessions so it can get costly.
Wisdom Teeth Removal
Occasionally wisdom teeth need to be removed as they can rot due to poor dental hygiene. They are the hardest teeth to reach, so it's no surprise. For one tooth, it can cost between $75 to $200 with an anesthetic.
Veneers can make the surface of your teeth look more perfect and protect them from damage. Each tooth for traditional veneers can cost up to $2,000.
Top 3 dental loans
The important thing with dental issues is that they’re treated fast. Whether it’s a root canal, you need fillings, or you’ve cracked a tooth, dental pain can be relentless in ruining your day and it’s near-on impossible to distract yourself from the pain. Unfortunately, we often find ourselves thinking first about how to afford treatment, especially if insurance doesn’t cover at least part of the costs. That’s why people across the US turn to Lending Club as a means to pay for their much-needed dental treatment.
Lending Club lets you borrow up to $50,000 with repayment terms ranging between 24 and 84 months. What’s more, APR can go as low as 4.99% for an installment loan, but if you’d prefer, you can also make use of the revolving line of credit options that are available. The online application only takes a few minutes to complete and you’ll receive your financing within just a few days.
Upstart gives its customers the chance to reclaim their smiles and shed any self-consciousness due to having bad teeth. We’re not all as comfortable as we’d like to be when it comes to showing off what’s inside our mouths, and are forced to change the way we smile, laugh, or even speak. Given how expensive dental treatment can be, even if it’s at least partially covered by insurance, turning to lenders like Upstart means you can receive the care you need and worry about costs later.
Upstart borrowers can lend up to $30,000 and with APRs as low as 6.18%, depending on your credit score. Making an application has no effect on your credit rating and should you be accepted, you’ll receive your funds within hardly any time at all. Plus, there are no prepayment penalties, so you can pay off your loan early if it suits you. As an Upstart customer, you can expect to save over 20% on what you’d spend using your credit card.
Don’t suffer in silence with a nasty toothache. While there are plenty of online lenders out there that will sting you at the first chance they get, LendingPoint works a lot differently. This company gives you the chance to borrow with reliable terms and rates of interest, without having to worry about a loan agreement that will substantially harm your quality of life. LendingPoint lets you borrow up to $25,000 and tailors a repayment schedule that works for your budget and schedule.
You only need to have a 585 credit score to be eligible for a LendingPoint loan and applying only takes a few minutes. Once you’ve been accepted, you could receive your funding as soon as the next business day, given that you provide the required documents as quickly as possible. Applying won’t harm your credit score either, so if you’re suffering from a bad toothache, you really have nothing to lose by turning to LendingPoint.
Dental Loans With Bad Credit
It is still possible to get a dental loan with bad credit, but the interest rates will be significantly higher, and it may be more of a challenging process. Check with different companies to see what your options are. Bad credit also makes it more challenging to obtain a dental plan. It's not impossible, though.
Dental care can often be urgent, and many people don't have the funds to pay for something in an emergency. At least not the whole amount. A dental loan is a great way so co-fund your treatment or pay for it all. You can pay it back in small amounts across an agreed period.