Dental implants offer a perfect smile and numerous benefits, but the cost can be a significant concern for many patients. Fortunately, various dental implant financing options help spread the cost of treatment. This blog will discuss the different options, how Medicred can help, and the application process so you can make an informed decision about your dental care.
Understanding Dental Implants
Dental implants have become a popular and effective solution for missing teeth. They look and feel like natural teeth, improving your smile and contributing to overall dental health. Implants are designed to look and function like natural teeth, so they are preferred over other dental restoration methods like bridges or dentures.
One of the biggest benefits of implants is their durability. Made from biocompatible materials like titanium, they are surgically implanted into the jawbone to provide a stable base for replacement teeth. This helps prevent bone loss, a common problem with missing teeth, by stimulating the jawbone and keeping its structure.
Why Consider Dental Implants Financing?
With the high cost of implants, financing is a big consideration. Dental finance options allow you to spread your treatment’s cost over time, just like a loan facility, so it’s more affordable. Whether you choose interest-free or other loan facilities, the key benefit is to manage the financial burden without compromising your dental health.
What are the Different Financing Options Available?
Interest-Free Finance
Interest-free financing is a popular option for many patients. This type of finance allows you to pay for your dental treatment over a set period with no interest charges. It’s a great way to manage the treatment fee without additional financial burden.
Standard Loan Facilities
Standard loan facilities are another way to finance your implants. These loans come with interest, so you must understand the total interest payable over the loan term. Monthly payment options are available so you can manage the cost of your treatment without any hidden fees. Compare different credit products and understand the total treatment cost to make an informed decision.
Other Loan Facilities
Other loan facilities besides standard loans are available for dental care (personal lines of credit or dental membership plans come to mind). Like any other loan facility, repayments are made monthly via Direct Debit over a set term. You must explore all options and choose the one that suits you best. Compare different loans’ terms and total interest to ensure you select the right repayment period for your financial situation.
How to Choose the Right Financing Treatment Plan
Choosing the right financing plan involves several factors. Consider the most suitable repayment period, the cost of your treatment, and any potential hidden costs. A finance calculator can be a useful tool to estimate your monthly payments and the total amount payable. It’s also important to secure written confirmation of your finance plan and consult with your clinic’s reception team for further guidance.
Choose Medicred for your financial needs.
Dental finance is a convenient and affordable way to pay for dental procedures and get the care you need without breaking the bank.
Trust is key when choosing a dental finance provider. As a leading provider, Medicred offers a range of affordable and flexible options for dental patients. Feel confident when financing your treatments, knowing you’re in good hands. Medicred partners with Experian for credit provision, so you get reliable and regulated financial services. Our application process is also super straightforward and convenient.
It’s important to understand the roles and responsibilities in dental finance:
- Not a Lender: When a company says it is “not a lender,” it doesn’t provide the funds for the loan. It is an intermediary connecting customers with lenders or credit providers. Medicred, for example, facilitates access to finance options but doesn’t issue loans.
- Credit Provider: A credit provider is a financial institution or lender that lends to the borrower. They fund the loan and manage the repayment process. Examples are banks, credit unions and specialist finance companies like Experian, which we use.
Understanding Financial Terms and Conditions
Learn financial terms like “subject to status” and “agreed term.” A representative example will give you an idea of a typical finance plan. Ensure you understand the total interest and any extra costs, and get written confirmation to avoid hidden fees.
Dental implant financing can make achieving a perfect smile more accessible.
Understanding the finance options, the application process and choosing a regulated provider will help you confidently proceed with your dental treatment. Book a consultation to discuss your finance options, and use a calculator to calculate your costs. Contact your clinic or talk to us to get more information and get started today.
Dental Implants on Finance FAQs
Can I pay monthly for dental implants?
Yes, you can usually pay monthly for implants. Many dental practices offer finance options to spread the cost of treatment over time. These plans will break down the cost of implants into more manageable monthly payments.
What credit score do you need for implants?
The credit score required for implant finance can vary depending on the lender and the finance programme. Generally, a credit score of 600 or above is considered a good starting point for dental finance. However, some providers may offer finance for those with lower credit scores, possibly at higher interest rates.
Is dental finance hard to get?
Getting dental finance is not difficult, especially if you have a good credit score. Many dental practices work with third-party companies specialising in healthcare finance, so the process is relatively straightforward.
Our lenders at Medicred make clear and relevant inquiries to simplify your process and keep your data confidential. We know how important privacy is and handle your information with care. We only do soft credit checks to assess your application using Experian, the UK’s leading credit reference agency. If your application is not approved, your credit score will not be affected, so you can apply with confidence, knowing your credit is protected.
Do private dentists offer payment plans?
Yes, many private dentists offer payment programs. The dental practice can offer these plans through third-party finance companies. Payment plans allow you to spread the cost of your treatment over several months or even years.
How much does a full set of implants cost in the UK?
A full set of implants in the UK can cost anywhere from £1,600 to £ 28,000 for part or full placements. It’s best to consult a dentist for a quote specific to your needs and circumstances.
