NSW Medical Bulletin

Australia's Advance Medical Technology

Borrowing Money For Medical Procedures: Cosmetic Dentistry & Surgery


Trips to cosmetic dentistry & surgery can be scary, and that’s before you have to worry about paying for the bill for your medical procedures. In this article, borrowing money for medical procedures cosmetic dentistry & surgery can help you bridge that gap, so you can get the care you need if you know how to use them.

What Are Medical Loans?

Medical loans are a special type of personal loan. Which are also a type of personal loan that can be used to pay for healthcare.

You can get a generic personal loan that you can use for just about anything, although many lenders offer loans that are specifically meant for cosmetic dentistry are rarely done at the same time as surgery. These loans sometimes come with lower interest rates or different term lengths and borrowing amounts, so they may work better for you than just a generic personal loan.

Cosmetic dentistry & surgery loans are unsecured loans, which means they aren’t backed by any collateral that the lender can take back if you default on the loan. For example, a lender can repossess your car if you don’t pay because auto loans are secured loans, backed by your car as collateral—but they can’t take back your fillings.

In general, unsecured loans tend to be more expensive than secured loans because they pose a greater risk to the lender. But as we discussed above, cosmetic dentistry & surgery loans may still be cheaper than other types of unsecured personal loans.

How to Get a Medical Loan

There are a few ways you can apply for a Medical loan. Offer financing plans, especially those who offer cosmetic dentistry & surgery. This may be an in-house financing plan through a lender they partnered with. Check with your cosmetic dentistry & surgery office to see what financing plans they offer.

You also can apply for a medical loan with a third-party lender elsewhere. You can find loans for cosmetic dentistry & surgery work in many of the same places as personal loans are often sought via a credit union rather than a bank. Even if your cosmetic dentistry & surgery office offers its financing, it’s still a good idea to shop around and see if you can get better rates elsewhere.

When you’re shopping around, it’s fine to check your rate by entering your Social Security number, name, address, and other personal information. Just be sure that the lender is doing a soft credit check so that it doesn’t affect your credit score. This prequalification process will enable them to give you a more customized rate. When you are ready to choose a lender, you can complete the application, which will require a hard credit check and show up as a mark on your credit report. 

You may need to provide extra documents like past tax returns, pay stubs, and bank account statements and so your application is finished!