If you need to have a major dental procedure done (like cosmetic dentistry, orthodontic treatments, teeth whitening, dentures, dental implants or root canal surgery), then it can be a major expense.
What should you consider when applying for Dental Finance?
- Try and get the lowest interest rate and fees that you can.
- Always consider the comparison rate when comparing loans. This rate shows you the interest rate plus fees. However, keep in mind the interest rate offered to you will likely be higher if you have bad credit.
- Choose a loan term that suits your needs and budget.
Can you apply for Dental Finance if you have bad credit?
Yes, but not all lenders will be prepared to offer you approval for one. At Finance One, we take a more personalised approach to finance and don’t let something as simple as bad credit rule you out. We are able to provide loans for dental expenses to everyday Aussies who happen to have a bad credit score.How can I check my credit score?
It can be a good idea to check your credit score before you apply for any loan, and to take steps to improve it if you can. This will improve your chances of getting the best loan, with the right loan amount and interest rate for your circumstances. You should be able to check your credit score for free online with Australia’s major credit reporting agencies, like Equifax, Illion and Experian.If you find you have a bad credit score...
- Making payment on any overdue credit payments.
- Reducing your level of debt through repaying loans in accordance with your loan contract, or through debt consolidation.
- Getting rid of multiple credit cards if you have them so you’re not racking up more debt with high interest rates and unmanageable repayments.
Should I apply to a lot of lenders to increase my chances of a Dental Finance approval?
No. If you have a bad credit score, this will only make it worse. Every time you apply for credit and are declined, it can damage your credit score.What are the alternatives to applying for Dental Finance?
There are alternatives to applying for dental finance, but they may not be as practical or cost-effective. For example, you can try and save up the amount you need, but that may take a long time and it may not be an option, particularly if you are in pain or don’t have enough savings. If you delay getting the help you need, you could end up with higher expenses. Using dental payment plans could also end up much more expensive than using finance to pay for the work upfront.The advantages of applying for a loan for Dental Expenses
The major advantages of being approved for dental finance are:
1. Getting the dental work you need done straight away, rather than waiting.
2. It’s usually cheaper than using a credit card.
3. You may have the option of taking out a secured loan to get a lower interest rate.
4. You can choose a loan term that suits your needs and budget.
5. It can help you to improve your credit score if you make all your repayments on time, as per the loan contract. This will make it easier for you to get finance on the best possible terms and conditions in the future.
How does Dental Finance work?
Dental finance solutions are often a type of secured or unsecured personal loan, where the money is used to pay for dental treatment. You apply for the loan amount you need to cover your dental work. Once approved, you choose a loan term and repayment schedule that suits your budget. You then make your regular repayments during the loan term, in strict accordance with your loan contract. At the end of the loan term, you will have fully repaid your loan plus interest and any other fees.Do I need Dental Finance if I have private health insurance?
Where can I apply for Dental Finance?
Personal Loan amounts ranging between $5,000 and $25,000*, even if you have bad credit.
You can apply for dental finance online, with personal loan amounts ranging between $5,000 and $25,000*, even if you have bad credit. Loan terms range from three to four years, with approvals for successful applicants granted in as little as 48 hours**. You can apply for secured or unsecured loans (though unsecured loans generally have higher interest rates) and your interest rate will depend on a number of factors, including your employment and credit history.
Apply for a Personal LoanWhat do I need to do to apply for Dental Finance?
- Evidence of your regular income.
- All of your bank account statements from the past three months.
Wanting to apply for a loan?
To find out more about how an unsecured loan with Finance One may help you pay for dental work, please contact us today.
Apply Online Now*Personal Loans over $15,000 must be secured.
**48-hour approvals are subject to satisfactory documentation being received to assess the application.
Normal lending criteria apply. Fees and charges are payable. Terms and conditions apply.
Finance One means:
Fin One Pty Ltd – ABN: 80 139 719 903
Australian Credit Licence: 387528
Disclaimer: The information above is of a general nature only and does not consider your personal objectives, financial situation or particular needs. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your particular circumstances. We do not accept responsibility for any loss arising from the use of, or reliance on, the information. Please note that approvals for loan applications are subject to satisfactory documentation being received to properly assess the application. Normal lending criteria apply. Fees and charges are payable. Terms and conditions apply.
