Bank offers credit for dentures.

In the medical tooth sector in particular, the statutory health insurance companies made significant cuts. But private health insurance companies are also reducing this treatment point more and more. There are good supplementary insurance policies for dentures, but that doesn’t always cover everything. What remains for the person concerned are loans for dentures.

Credit for dentures from a bank

Credit for dentures from a bank

What do the banks think about this? As a rule, the financial advisors are rather covered. If a car is financed, mostly without any ifs and buts, it is difficult to “look better” when you rent a car. The reason is that there is a vehicle license as security for the car. During dental treatment, however, the bridge or the impalate can hardly be placed in the safe. So, the credit for dentures is not granted in the same way as normal financing.

Note:
There is also the data protection clause. If a question about the medical necessity has to be raised, the applicant has to release the approval of the patient’s entries. With all respect, it remains to be doubted whether a bank clerk is able to recognize the necessity or the value.

Give reason or not?

The customer who intends to apply for a loan for his teeth at his house bank is certainly well advised to tick the reason for applying for the “Other” loan. This usually works with a small loan. If possible, the overdraft facility also helps, which you may be able to increase a bit after a bank conversation. Plan the cost of the interest. This saves you having to present all cost planning and treatment plans to the bank.

Ways of paying in installments

Larger dental practices offer their patients payment in installments. Usually no interest is charged over six months. Anything beyond that is determined with a low interest rate. In practice, this request for payment in installments is passed on to an external service provider. As a rule, this only deals with the financing of treatments. After the acceptance of the takeover, the dentist receives his fee immediately. After the end of treatment, monthly payments are made.

Note:
You conclude the contract with the service provider, not with your dentist. Most of the time, the additional costs for such a loan are much cheaper than at the house bank. The provider is very familiar with the dental sector and quick processing is guaranteed. If your dentist does not offer such a service, you can also find these providers externally on the Internet and seek advice.

Creditworthiness for a denture loan

Creditworthiness for a denture loan

Since it is a loan, a certain credit rating is also required when financing dentures. Here again, politics was not thought through to the end. Because whose income can rather be described as low could meet with rejection. But if this is offset by smaller amounts of the installments, negative entries in the Credit bureau are the knockout of the commitment. This is a problem in the system.

It is best to ask the respective company whether and from which sums a credit check takes place. Some allow amounts that are paid in six months to pass through without queries.

Then there are the loans without Credit bureau request. These providers act as intermediaries. In order to receive such a loan, however, a constant monthly income is required. The fees are often higher than usual due to the risk. If there is no creditworthiness, it is a possibility not to have to run around with missing teeth. It is important to be serious if you do not request any advance payments.

Trust pays off

Trust pays off

If there is none of these options to finance the new teeth, there is still good contact with your own dentist. It is best to clarify in a personal conversation. It makes sense to explain your own situation and to present a payment plan. Don’t forget that this is also a loan. Only make suggestions that must be followed and give the doctor the freedom to add interest. Fair remains fair and creates trust on both sides.

Dental prosthesis on a pump or immediate biting on credit has become a necessity for many since health insurance companies, regardless of whether legally or privately insured, only assume a fraction of the true cost of good dentures. Dental treatments and especially dentures or implants are not a cheap pleasure.

If you want it to be finer for chewing and smiling, you have to pay extra. And to make this possible, more and more dentists are filling tooth gaps. Those who have not earned enough, due to the sometimes considerable costs, have difficulty getting urgent dental treatments done well. Therefore, for many, the only way to pay the dentist is by taking out a loan.

Info:
In order to spread the expenses over a longer period of time, it is now common to take out a loan for a denture. Implants, prostheses or the “third party” teeth can already reach the purchase price of a small car.

For urgent dental treatment, loans with immediate payment.

For urgent dental treatment, loans with immediate payment.

Many dentists offer loans for dentures through financial institutions or specialized intermediaries. Interest-free (!) Installment loans that can be repaid at short notice are sometimes offered. However, with more substantial loans of more than 500 or 1000 USD and a term that exceeds one year, the interest rates become higher.

A comparison with conventional purchase loans is recommended here. A credit for dentures is only one variant of an earmarked instant loan.

Loan from an intermediary?

Loan from an intermediary?

The patient concludes a loan agreement with a bank or savings bank directly, or with the involvement of the dentist without detours or with the help of an intermediary. The payment is best made for the purpose of paying for the desired denture straight to the dentist. The prerequisite for the loan approval is a cost estimate prepared by the doctor (medical and cost plan).

Note:
As a rule, dental costs are fully financed, which are not covered by the benefits of statutory or private health insurance.

Some dental laboratories subsidize loans to get orders. With the subsidy from the laboratories, the annual percentage rate is usually cheaper for the patient than a normal bank loan. Those who repay their loan within six months often get away without interest. For the lender, a denture is not a security like a house, car or goods, because a denture can of course not be attached.

Conditions for obtaining the denture loan.

Conditions for obtaining the denture loan.

As with the ordinary installment loan, the financing bank carries out a credit check.

  • The borrower must be 18 years old, otherwise a guarantee from the parents is required.
  • The borrower needs a permanent, preferably multi-year residence in Germany.
  • The borrower must have a regular and secure income.
  • The income should come from a permanent, non-terminated employment relationship.
  • The income level must be above the respective statutory garnishment exemption limit.
  • The banks usually demand a net income of at least 1,500 USD per month.
  • There can be no negative Credit bureau entries.
  • No insolvency proceedings and no submission of property information, in accordance with § 802 c ZPO.

Interest and examples of the loans offered.

Interest and examples of the loans offered.

A denture loan is sometimes available from the dentist for free. In the internet comparison portals, loans range between 1 and 17 percent. The average is 3 to 6 percent. Comparing can save a small fortune here. As with any loan, negotiate with the house bank first. And also get quotes from several dentists.

Conclusion

Conclusion

As with any other lending business, however, there is also a risk that customers will over-finance themselves. First, think about whether it really has to be the super expensive “Hollywood Whips” or whether it is cheaper. If you want shiny teeth like a movie star, you don’t necessarily have such an income. Even a cheaper interim solution until the money is saved can often be cheaper and less stressful.