Since May 1st, 2005, only absolutely necessary dental treatments are paid for by the health insurance companies. So the patient has to pay for many services. But if he has not taken out additional insurance early, the personal contribution for dentures can quickly exceed his own financial means.
It is all the more tempting to finance the new teeth with a loan. Such loans are often advertised in brochures and flyers placed in the dentist’s waiting room. It is worthwhile to carefully read the details of the loan for dentures in comparison.
Favorable conditions attract
The loans offered or brokered in the dentist’s offices offer very favorable conditions compared to conventional installment loans, starting with a loan amount of 250 USD. If the customer decides to run the loan for only six months, it is completely interest-free.
The effective annual interest rate is less than three percent for a one-year term, and the interest rate is accordingly higher for longer terms. Normal installment loans are usually more expensive and are rarely offered for smaller amounts. It is therefore always advisable to look at a loan for dentures in comparison.
Caution is advised
Whether you finance your dentures through your house bank or accept the offer of your dentist: Such a loan is always comparatively easy to get. There is a risk that the patient will choose more luxurious materials than are medically required, because: If you take out a loan for dentures anyway, you often succumb to the temptation to choose something really high quality. Here it is important to carefully weigh up materials in the medium price range and those that quickly cost a few thousand USD more in each individual case. Before you borrow, make sure that you can actually pay the monthly installments.
Credit for dentures directly from a bank
A comparison between the financing offer at the dentist and the offers of various banks is definitely advisable. This should begin as soon as the treatment and cost plan is available so that the funding is secured at the start of treatment. In addition to the house bank and other branch banks, you can safely consider online loan offers in your considerations.
Since there is no conversation with a bank advisor in this case, the information about a loan for dentures is relatively neutral and independent. Regardless of which financing you choose, each loan provider will carry out a credit check before making a commitment. There is no way around it.