Credit for new teeth – is there such a thing?
January 9, 2020
The amounts that statutory health insurance companies pay for dental treatments have been declining for decades. At the same time, the bills for dentures are always higher. For example, those who choose dental implants can expect to have to pay additional payments of several thousand USD themselves. If patients do not have supplementary dental insurance that covers most of these costs or have sufficient financial reserves, they need to think about funding options.
Overdraft facility for new teeth
When financing dentures, it is generally not advisable to use the overdraft facility for the current account: On the one hand, banks are generally required to pay very high interest rates for this overdraft facility – often in the double-digit range. On the other hand, the line with a loan for new teeth is likely to be largely exhausted. If the claimed amount cannot be repaid quickly, there is little scope for financial constraints, such as an unexpected car repair.
Consumer credit for new teeth
In this case, it is much better served with a consumer or consumer credit: With this, the loan amount is repaid in fixed monthly amounts, which include both an interest and a repayment component. The term of the loan can be adjusted to the individual economic performance, so that the monthly installments do not overwhelm the household budget. Borrowers are free to use such a loan for what purpose, so it can easily be used to finance dentures.
Many branch banks as well as domestic and foreign direct banks offer such consumers loans for new teeth on favorable terms. In any case, customers should inform themselves thoroughly about the different providers beforehand. There are numerous portals on the Internet that compare consumer loans from banks. The decisive assessment criterion is always the amount of the effective interest. However, with such a consumer credit for new teeth, the creditworthiness of the borrower is essential. Those who have a negative Credit bureau usually have no chance of getting a conventional consumer credit.
Credit for new teeth without Credit bureau
But there is also a solution for people who urgently need to finance dentures but who have a negative Credit bureau entry: Foreign internet banks in particular offer loans especially for customers with Credit bureau problems. They usually do without obtaining Credit bureau information.
Instead, when checking their creditworthiness, they limit themselves to data such as their profession, property ownership and monthly disposable income. Loan applications can be made quickly and easily online with these banks. The credit decision is usually communicated on the same or the following day.