Dental Loans for Fillings, Braces, Cosmetic Dentistry

Name: Dental Loans
Creator: Savvy
Published: 2020-12-16T13:03:46+10:30

It won't affect your credit score.

Written by , updated on October 4th, 2023

Why compare personal loans through Savvy?

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Types of personal loan

Unsecured personal loans

With an unsecured personal loan, you can potentially borrow as much as $75,000 without the need to attach any valuable assets, such as your car, as security. These loans are the most widely available and often the quickest, with same-day approval possible.

Secured personal loans

Secured personal loans, on the other hand, make use of collateral. This lowers your risk profile in the eyes of a lender, potentially lowering your interest rate and expanding your borrowing power beyond what you may be able to get through an unsecured loan.

Variable rate personal loans

Variable interest rates remain open to fluctuation during your term. This means you can benefit from decreasing rates and save on your loan if the market heads in that direction, although you’ll also pay more if rates start rising.

Fixed rate personal loans

Fixed interest rates are locked at the beginning of your loan and remain constant throughout your repayments. This acts as a valuable protection against interest rate increases, as your loan will be unaffected, but you’ll miss out on potential drops as well.

Debt consolidation loans

If you’re paying off multiple debts at the moment, particularly those with high interest (such as credit card debts), consolidating them into one payment can not only make them more convenient to manage but also potentially save you money overall.

Travel loans

Looking to take off on a holiday with your family but want to pay it off at your own speed? Travelling can be expensive, so you can distribute the cost of your next trip over a period you’re more comfortable with by taking out a personal loan to pay for it.

Wedding loans

There are so many costs that go into making your dream wedding a reality, from venue hire to catering to dresses and suits and so much more. By taking out a personal loan, you can start planning the big day you want, even if you can’t pay for it upfront.

Renovation loans

Home improvements are desirable for a range of homeowners to help keep their living space fresh and interesting, not to mention increase its value. You can get past the financial hit of renovations with a personal loan paid in instalments.

Self-employed loans

Personal loans aren’t limited to PAYG employees, though. If you’re running your own business, you can still be approved for financing by submitting tax returns and other alternative documents instead of payslips and utilise your funds however you wish.

Student & education loans

There’s a variety of expenses which come with being a student, ranging from the cost of your courses, textbooks and computer to your accommodation. Taking out a personal loan can make these costs more manageable by spacing them out.

Green loans

Some lenders offer green personal loans, which are designed to be used for energy-efficient appliances and products such as solar panel and air conditioning installation in your home. You can qualify for lower interest rates and fees with this loan.

Common questions about dental loans answered

How long are dental loan terms?

You can lock in a dental loan for as little time as 12 months up to a maximum of seven years, although the term you're approved for will depend on a variety of factors relating to your personal profile and the size of the loan you're after.

How much will my repayments be?

This will depend on how much you want to borrow and for how long. However, you can use our online calculator to find out how much you will be paying in monthly repayments.

Can I use any medical practitioner?

Yes – because these loans are unsecured personal loans, you can use them to pay for a medical procedure with any professional practitioner you choose, rather than have that decision taken out of your hands.

Do you offer finance for braces?

Yes – in the same way, unsecured personal loans can be used to pay for any dental procedure you need, from braces to fillings to veneers and everything in between.

Do you lend money to people who are self-employed?

Yes – self-employed workers are just as able to borrow to pay for dental expenses as any other Australian. The only difference for these borrowers is that you won't be able to supply payslips, which are usually integral to the documentation requirements of a personal loan, so you'll have to bring your two most recent years' worth of tax returns.

Will I be able to access financing even if I've just started a new job?

Yes – our lenders can work with applicants who've just started a new job.

How long does the process take?

You can receive instant conditional approval on your personal loan within a minute or two of submitting your application, with the total processing and funding time able to take place within just 24 hours.

Your helpful guides on dental loans

Credit score check up

Not having the right credit score can be a kick in the teeth. Checking your credit score before approaching a lender is important because this will help smoothen the process of you accessing the funds you need. Lenders will look at your score to approve a loan. Most lenders will be reluctant to approve you for the amount you've applied for if you have a low credit score, but we're partnered with specialist lenders who can. Seeing if you match the criteria to be approved can help you avoid rejection.

What can delay the process?

There are a few ways your application can be delayed. Perhaps the simplest reason for this is if you don't have the right documentation, to which there's a simple and easy fix: ensure you have the right documents when you submit your application. This helps sidestep avoidable delays in the process. Additionally, if you've applied for many loans in the past and been rejected, you may find your application is delayed by your lender taking more time to assess it.

Credit card or personal loan?

If you find yourself in a situation where you need to sort out an emergency dental procedure you could be tempted to reach for your credit card which might seem convenient at the time, but a personal loan will likely be the better option in the long term. Personal loans generally come with lower interest rates when compared to credit cards which not only make them more affordable overall but will also help you manage your repayments better. You should look to avoid steep credit card interest at all costs.

Interest free payment plans

Interest free payment plans can seem like a better way to pay off your dental expenses. This means that you will not pay any interest on the amount that you have borrowed. However, these plans may only last for a select period before reverting to a higher interest. Personal loans, on the other hand, generally have low rates that are fixed throughout. Unless if you can take advantage of the interest free payment period, a personal loan can suit you better.