In recent years, the cost of dental treatments and services has often been quite a burden to some individuals who seek quality care for their teeth. Hence, many individuals seek out options for dental loans that would help cover the cost associated with getting quality services for their teeth.
Recognizing the need to select the most efficient dental loans, we have helped to curate a list of some of the best dental loans in this article.
As earlier stated, we would be exploring the best dental loans, their distinctive features, interest rates, and other valuable information that would enable you to decide on the dental loans that align with your specific budget and needs.
Individuals who are unable to pay for their dental procedures can seek out loans from the lenders we have highlighted in this article.
5 Best Dental Loans of 2024
SoFi
The first place on the list of places to get the best dental loan is SoFi. SOFi is a renowned lender that offers dental loans to individuals who are unable to pay for their dental procedures.
SoFi’s dental loans have a competitive interest rate, and they also offer a 0.50% discount for individuals who sign up for automatic payment of loans. This discount can ultimately help to save money and reduce the financial stress that comes with repaying the loan amount.
In addition, SoFi features a flexible repayment term for their dental loans, which usually range from 2 to 7 years. This allows individuals to choose a term that suits their budget and needs.
Obtaining a dental loan from SoFi is relatively easy. It has a streamlined application process that does not include an origination fee or prepayment penalties. If you have a good credit score, SoFi is one of the ideal lenders to seek a dental loan from.
LightStream
LightStream is yet another top contender in offering the best dental loans, as they are well known for giving out low interest rates and the same funding for individuals who seek loans for their oral care.
They offer a variety of loan terms ranging from two to seven years; this allows borrowers to choose a loan term that aligns with their needs and budget.
Also, LightStream features a Rate Beat Program, which can be of great benefit to individuals who seek a dental loan. The best bet is that the interest rate for LightStream dental financing can beat a competitor’s rate by 0.10%.
LendingPoint
LendingPoint is also another lender that offers the best loans for dental care and treatments. It offers dental financing ranging from $2,000 to $36,500, including APRs ranging from 15.49% to 35.99%. If you have a wide range of credit scores, LendingPoint is an ideal place to seek out your dental loan.
Furthermore, LendingPoint does not charge any origination fees or prepayment penalties, making it a good choice for those who need to finance dental procedures.
Upgrade
Upgrade is a lender that offers dental loans ranging from $1,000 to $50,000, with APRs ranging from 8.49% to 35.99%. It is a good option for those with fair or bad credit, as the lender considers factors beyond credit scores when evaluating loan applications.
Upgrade offers repayment terms ranging from 2 to 7 years, allowing borrowers to choose a term that fits their budget and financial goals. Additionally, Upgrade does not charge any origination fees or prepayment penalties, making it a good choice for those who need to finance dental procedures.
Discover
Discover is a well-known financial institution that offers personal loans ranging from $2,500 to $40,000 with APRs ranging from 5.99% to 24.99%. Discover’s dental loans are unsecured, meaning borrowers do not need to provide collateral to secure the loan.
Discover offers repayment terms ranging from 3 to 7 years, allowing borrowers to choose a term that fits their budget and financial goals.
Additionally, Discover does not charge any origination fees or prepayment penalties, making it a competitive choice for dental financing. Discover also offers a 0.25% autopay discount for those who sign up for automatic payments, which can result in significant savings over the life of the loan.
How do Dental Loans Work?
Dental loans are relatively easy to acquire, depending on your specific needs. It is a fast and flexible way to cover the cost of dental expenses that are exempt from your insurance. Dental financing cover the cost of:
- Dental implants
- Veneers
- Teeth aligners
- Braces
- Dental crowns
- Emergency procedures
Overall, we advise that you get a dental loan that suits your specific needs and preferences. You could also make comparisons amongst different lenders in order to choose the best out of all.
Where Can I Get Dental Loans?
Typically, individuals who seek dental loans can get them from traditional banks, online lenders, and credit unions. They offer personal loans that cover the costs associated with oral care. Personal loan rates range from 6% to 36%, and terms of agreement could be two to seven years.
In order to qualify for dental loans, lenders will review your income, credit score, and existing debts. Once these qualifying requirements have been assessed, those who qualify will receive the loan amount in their bank accounts within a few days, depending on where you’re seeking the loan from.
