A denture loan requires not only legally insured dentist patients, but often also members of private health insurance companies who have opted for a favorable tariff with only partial reimbursement of private teeth. The financing includes the share of the costs for the dentures, which does not carry the respective health insurance.
New teeth? – Financing through the dentist
Most dentists offer their patients a financing of their own share of the dentures. If the Dentist settles the own contributions directly, he can either arrange on his own responsibility an installment or mediate a dental loan to a cooperating with him bank. With average amounts, similar to the trade, lending is common without the presentation of salary evidence for denture financing. More and more dental practices use a dental billing center to bill their patients for their own shares.
Depending on the region, the patient agrees to a loan for the dentures own contribution before the treatment on request of the patient or concludes a payment agreement only after the invoice has been issued. The regional dental clearing houses, which offer an installment agreement only after the invoice is issued, do not reject the respective request of a patient in principle, so that even with a Credit bureau negative feature an installment payment of the own contribution for the denture is possible.
Almost no dentist patient is aware of a significant difference between an installment loan and a payment agreement: In contrast to a loan, the dental clearing house may, as a creditor, terminate a payment agreement made after the invoice has been issued, without prior reminder.
Another disadvantage of dentistry financing through dentists’ billing service is that they offer a maximum of six installments in many regions.
Borrowing for dentures via a commercial bank
Patients can apply for a standard installment loan without proof of use to fund their dentures. In this case, significantly longer terms are possible than with installment payments in the dental practice or through the dental clearinghouse.
For low-income dentists, the choice of a long repayment period is an obvious choice, as the bank’s statement of accounts checks that the applicant can pay the monthly installment of the denture loan on a regular basis.
Dentist patients, who receive additional income in addition to the main income, also pay attention to which bank evaluates these as relevant for the household bill when comparing loans to finance their dentures.
Some commercial banks offer discounted dentistry loans when the borrower proves the use of money for this purpose. The corresponding offers are cheaper than the installment loans of the same bank issued for free use.
Whether they are cheaper than unrestricted rate loans from other financial institutions, the denture patient examines a loan comparison. A loan offer for the dentures on favorable terms also submit the special banks, which lend to individuals only for the financing of medical treatment.
The organized personal loan for new teeth
An alternative to bank credit is the private denture loan that patients can apply for on various platforms. This possibility of dental prosthesis financing is also suitable for denture recipients whose Credit bureau contains a negative entry or their income varies widely.
Many private lenders registered on the credit platforms base their decisions on social criteria and the intended use of money. They deliberately prefer to make inquiries from people who find it difficult to obtain credit from traditional banks.
Eligible for a quick credit subscription is the most accurate indication of the intended use. For the setting of the credit request, the statement that this is the payment of the own share of dentures sufficient. However, the private lenders draw the credit request more if the patient provides additional information revealing the need for the dentures, such as visible front teeth to be replaced.
5 Tips on Credit for Dentures
1. Obtain information
If you want to take out a loan for a denture, you should inform yourself in advance. So it should be made clear whether the award of the loan is made through a bank or the dentist. In addition, the interest and the duration of the repayment should be inquired.
In any case, it is necessary to read this carefully before signing a loan agreement and to pay close attention to the fine print in order to find any hidden costs. Particular attention should be paid to whether third parties are involved in the lending or not, because dental laboratories often subsidize corresponding offers.
This can make the cost appear cheap, but also drive significantly higher in longer term.
2. Pay attention to hidden costs
Since loans for a dentures are completed by the dentist himself, especially the terms and conditions must be given special attention. If there are any positions that can not be classified by the client, it is advisable to consult with the doctor or the lending bank to clarify them. In no case should the contract be signed unless all modalities have been clarified.
The revocation right must also be considered, because this must point out all eventualities. If this is not the case, the customer may well have an unlimited right of withdrawal, which should then be exercised.
3. These documents are required for the application
Who wants to take a loan for dentures, of course, must prove his credit rating. Here it may happen – unlike normal installment loans – that the Credit bureauauskunft itself must be obtained. This must then be handed over to the practice together with the current employment contract. Also, the last pay slip or a bank statement confirming the receipt of money must be attached as a rule.
An identification is usually not necessary, because the personal data are retrieved in this case via the health card. But it can happen that in case of doubt, a request from the bank is requested.
4. These things have to be considered
The repayment of the installments is usually not to the dentist, but always to the bank. If you trust your dentist, you should not have any problems with this. However, caution is advised when the repayment to the dentist’s account should be made. Such an approach opens the door to fraud.
In addition, the customer should always get a complete salary and cost plan. From this must inevitably emerge the loan amount, which appears later on the loan agreement. In any case, the loan agreement must be handed over to the customer in its original form – if only one copy is to be handed over, one may well be skeptical.
5. Make comparisons
It is also important to make a comparison with this type of loan. The own dentist does not always have the cheapest offer. So there are also deals directly from banks that make dentures affordable. It is important that the health and cost plan of the bank can be presented. The latter then checks whether financing is possible on the given terms. Comparisons can save very high percentages on interest rates.
Unlike financing locally, there is no laboratory or other third party involved. Therefore, longer terms can be offered at a quite moderate interest rate. In addition, many different points can be designed much more freely than if this is done directly through the dentist.