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Dental Loans

Don’t put off to tomorrow what needs to be done today. A dental loan gives you the money you need to keep your smile healthy and beautiful. A dental loan gives you the money you need to keep your smile healthy and beautiful. Keep reading to learn more about medical loans for oral health or speak to one of our finance brokers.

 

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Dental loans in Australia

According to Department of Health statistics, 4 in 10 people delay or avoid going to the dentist due to cost. Our teeth and gums play an essential role in maintaining our health. Dental finance helps you cover your dental bills so you aren’t held back by cost.

 

What is a dental loan?

Dental loans, also known as dental care loans or dental treatment loans, are a type of personal loan used to cover dental work. Instead of putting off your dental work, you can undergo it as soon as it’s needed.

Like other types of personal loans, dental loans finance you with a lump sum of money that you pay off over a period of time. In addition to repaying the money lent, you also need to pay interest and other rates and fees associated with the loan.

Man getting dental work he financed with a dental loan

 

What does a dental loan cover?

Your dental loan can cover any of your oral hygiene needs, from voluntary cosmetic procedures to essential, major surgeries. So whether you need a dental loan for braces or to cover the cost of dental implants, there’s a dental finance option for you.

Common uses for a dental loan

  • Braces
  • Fillings
  • X-ray
  • Crowns
  • Teeth whitening
  • Root canal
  • Extractions
  • Dentures

No matter the reason, a dental loan can help get the work you need done, fast.

 

How to apply for a dental loan

Most major private leaders and banks will have an online application you can use to apply for your loan for dental work. Here’s the general process for applying for a dental loan online:

  • Complete online application form – Once you’ve chosen the right loan for you, get your documents ready and fill in the online form.
  • Provide further information – You may be contacted for further documentation or information before you receive an outcome.
  • Sign the loan agreement – If you’ve satisfied with the loan offer, sign the agreement and the funds will be transferred directly into your bank account.

To make finding the right loan for you easy and stress-free, you can seek out a personal loan broker to source and secure for the dental loan for you. They are able to negotiate with lenders for better rates and fees to suit your individual circumstances. They also take care of the loan application for you, which helps speed up the process.

 

Eligibility

Specific eligibility criteria will depend on which lender you apply for a loan with but at a minimum you can expect to:

  • Be 18 years old or over
  • Be a permanent Australian resident or hold a valid visa
  • Not filed for bankruptcy
  • Have a regular income and demonstrate financial stability

 

Other dental finance options

Make sure to review all your finance options before you decide to apply. Everyone has different circumstances and needs, which will impact what choice will suit you best.

Here are some other options to consider to cover dental bills:

 

Dental payment plan

This is a type of payment plan offered by your dentist or third party companies. Instead of paying the full cost of your dental work up front, you can pay it off in installments over time. But not every dentist will offer this type of payment and not every type of dental procedure will be covered.

 

Public health insurance

The public health system in Australia makes essential services like dental procedures more affordable for everyone. However, not every dental service is covered and long wait times for procedures can make it unsuitable for some people. This is why it’s recommended to review and compare emergency dental loans for those procedures that simply can’t wait.

 

Private health insurance

If you have private health insurance, they will cover some of your costs up to a certain limit. It’s often quicker to get specialist dental work done with private health insurance than relying on the public health service. But private insurance can be costly and can rise in price over time.

You could also choose to combine private health insurance with a personal loan to cover the rest of the costs for your dental work.

 

Dental loan broker

Going to the dentist can be scary, but your personal loan doesn’t have to be. With a loan broker, you can rest easy knowing they will find and negotiate the best deal for you on your dental finance. Loan brokers work for you, not the lender, so they put your best interest first. And because they take care of the loan application process, you can enjoy a smooth, fast and stress-free finance experience.

Keep in mind that you may need to pay a brokerage fee if you go with a broker. The fee will be different depending on which lender you go with and the loan you get.

 

Loans for every reason

Need a personal loan for another expense? Learn more about how personal loans can help you:

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Let’s talk loan details

Loan amounts

Up to $65,000

Loan terms

3, 5, and 7 years

Loan types

Secured and unsecured

Repayments

Weekly, fortnightly, and monthly

Interest rate

Fixed

Dental Loan FAQs

If you haven’t used a finance broker before, you probably have some questions. Let’s help you get some answers.

How to pay for expensive dental procedures

A dental care loan is a fast way to get the money you need for expensive dental work. Some people also prefer to use a combination of private health insurance and a personal loan.

What credit score do you need to finance dental work?

If you apply for a personal loan to finance your dental work, it’s best to have a ‘good’ credit score of 600 and up. A lower credit score will limit your options for lenders and borrowing power. It also means you’ll probably face higher interest rates due to the higher risk to the lender.

Make sure to check the eligibility criteria if you are worried about your credit score. Applying for multiple loans that you aren’t eligible for, and getting declined, will only decrease your credit score further.

A broker has access to a large portfolio of lenders and can find you a loan to suit your credit rating. So you may still be able to get dental finance even if your credit rating is not ideal right now.

Should you take out a loan for dental work?

Dental loans are one way of financing your dental procedures. To find out if a loan is right for you, consider how much you need to borrow, how soon you need the money, and what interest rates and fees are involved.

Is it hard to get dental finance?

This will depend on your income, credit history and rating, and the lender you choose. The better your credit score, the more finance options you will have open to you. However, having an imperfect credit score does not necessarily mean you will be unable to get a loan.

Getting dental finance is easier with a loan broker. They can look at your unique situation and find a solution to meet your needs. Our brokers at Oceania Finance have over 20 years of finance experience helping people with a range of credit ratings to get a loan that suits them.

Why choose Oceania Finance?

Business-Loans-Large- network-of-specialist-lenders-Oceania-Finance

Large network of specialist lenders

Fast, friendly service with access to lenders nationwide. We have a solution for every credit rating – great, good, average or bad.

Tailored loan solutions

Tailored loan solutions

Everybody’s finance needs are slightly different. We don’t just get you any old loan. We work hard to get you the ideal loan and secure it on your behalf.

vehicle finance - friendly, local expertise at Oceania Finance

Friendly, local expertise

Oceania Finance is a team of local finance brokers, not a faceless corporation. We’re just Aussies helping Aussies get finance!

Large network of specialist lenders

Fast, friendly service with access to lenders nationwide. We have a solution for every credit rating – great, good, average or bad.

Tailored loan solutions

Everybody’s finance needs are slightly different. We don’t just get you any old loan. We work hard to get you the ideal loan and secure it on your behalf.

Friendly, local expertise

Oceania Finance is a team of local finance brokers, not a faceless corporation. We’re just Aussies helping Aussies get finance!

how do i apply for a car loan? - our application process

Our Process

Step 1

Submit basic information.

Step 2

One of our expert brokers contacts you for more information.

Step 3

We review lenders and negotiate to find the best loan for you.

Step 4

We file the application on your behalf.