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Dental loans: How to finance dental costs

Woman getting dental work done
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Dental work can be expensive, but getting it done sooner rather than later can save you money in the long run. If you’re strapped for cash, consider taking out a dental loan — a personal loan that’s used to cover all types of dental expenses — root canals, implants, dentures and other dental procedures. This financing option can provide you with quick access to cash, and it typically has a lower average interest rate than a credit card.

However, before taking out a dental loan, weigh the pros against the cons to see if it’s a good idea based on your financial circumstances. If it’s not, you should explore alternative financing options.

Get pre-qualified

Answer a few questions to see which personal loans you pre-qualify for. The process is quick and easy, and it will not impact your credit score.

What is a dental loan?

Generally, dental loans are personal loans that are designed to pay for dental work. These types of loans typically come with fixed monthly payments and interest rates. In addition, they are usually unsecured loans, meaning they don’t require you to pledge any collateral, like an auto loan.

You can apply for dental loans through a bank, credit union or online lender. Loan terms and interest rates vary based on your creditworthiness. If you are unsure about using a personal loan in this way, it may be worth looking over a guide to medical loans to see why this path makes sense for so many people.

How to get a dental loan

If you want to take out a dental loan, you can do so in five easy steps:

  1. Prequalify for loan: To compare personal loan rates and terms, prequalify with as many lenders as possible. If you meet a lender’s eligibility requirements,  it will provide you with an estimate of what your loan amount and interest rate might be.
  2. Formally apply with a lender: After you choose which lender offers a loan that meets your needs, the next step is to fill out a loan application online or in person. Most lenders will ask you to provide personal and financial information such as your name, Social Security number (SSN), employer and income.
  3. Choose loan term and amount: Enter the amount you want to borrow on the application and choose your desired loan term.
  4. Wait for approval: Once you have applied, the lender will review your application and decide whether to lend you money. Although approval times vary, you can sometimes be approved the same business day.
  5. Review and sign loan agreement: If you’re approved, a lender will send you a loan agreement. Review the document carefully before you sign it. Afterward, the lender will issue your funds. Although funding time varies, some lenders will deposit your funds into your bank account the same business day.

How to compare dental loans

When comparing your dental loan options, here are some factors to keep in mind:

  • Eligibility requirements: Minimum credit score and income requirements vary based on the lender. Before you apply, review a lender’s eligibility requirements. If the lender doesn’t publish its requirements, ask if prequalifying is an option.
  • Loan amounts: Some lenders require that you borrow a certain amount of money. Because minimum amounts vary, choose a lender that offers the amount you need to borrow to cover your dental expenses.
  • Loan terms: Term lengths vary by lender. Although choosing a longer term length can lower your monthly payments, it can also increase the amount of interest you pay over the life of the loan.
  • Fees: Some lenders charge origination fees, late fees, returned payment fees and application fees. These fees can greatly increase your cost of borrowing or reduce your loan amount. In addition, some charge prepayment fees, which penalize you for paying your loan off early.
  • Annual percentage rate (APR): A loan’s APR tells you how much interest you’ll pay over the life of the loan; it’s a better measurement than the interest rate because it also accounts for any loan fees.

Alternatives to a dental loan

When determining how to pay for dental work, it makes sense to see how you can lower or mitigate the cost before resorting to financing.

In-house financing

Some dental offices may offer special rates depending on your circumstances, so inquire with your dental office as to whether they offer in-house financing for expensive procedures. These types of installment loans often come with no or low interest rates, which can save you a lot of money.

Medical credit cards

Another way you could save on interest is by applying for a medical credit card. Medical credit cards are used to cover medical and dental expenses, and in many cases, medical providers will even offer special financing terms, like 0% interest for a span of time. To learn more about medical credit cards, read information about covering medical expenses with credit cards.

Dental schools

Many dental schools will offer dental care to the public at a reduced rate, but it can take a while to get in, as most of these schools have high demand for their dental work. Check to see if there’s a dental school near you that offers these services.

Save for the procedure

It will take longer to get treatment, but if the dental procedure you need is elective or can be put off for a while, it may be wise to save for the treatment instead of financing it. Saving the money to pay upfront will keep you from paying interest on a loan or credit card.

Shop around

Not all dental offices have the same prices for the same procedures, so shop around and find a reputable dentist you trust that can do the work for a lower price. You can also try to negotiate with your dentist, though there’s no guarantee they will do your work for a reduced rate. It never hurts to ask, though.

Dental financing with bad credit

Financing can be difficult to obtain when you have less-than-stellar credit, but with a little work, it may be possible to find a lender that will offer you financing. Here are three steps you can take to improve your chances of finding dental financing with bad credit.

Review your credit reports

Your credit reports can contain errors that lower your credit score, so it’s a good idea to review them at least once a year. Normally, federal law allows you to view your reports once a year from all three major credit bureaus, Experian, Equifax and Transunion, by visiting However, due to Covid-19, you can view each report once a week for free through April 20, 2022.

While checking your reports, look for discrepancies or incorrect past due or defaulted accounts. If you find errors on your credit report, dispute them with each credit bureau that lists it on your report or the creditor that reported the information.

Take steps to improve your credit

If the dental work isn’t pressing, you can spend some time and effort on improving your credit score before shopping for a dental loan. Make sure to pay all of your bills on time and pay down your current debt, if possible. Having a higher credit score can increase your chances of securing a better rate, which would lower your borrowing costs.

Shop around for the right lender

Trying to find a dental loan when you have bad credit can be frustrating, but there are options out there if you know where to look. Some lenders like LendingClub and Avant are willing to work with borrowers who have subpar credit, though your interest rates may be higher because of it.

Tips to save on dental work

You may be able to avoid high dental fees by other means:

  • Preventative care: Preventative care is the number one way to save on dental work. Make sure you’re taking care of your teeth and getting regular checkups each year to catch any potential issues before they compound.
  • Discount plans: Some dental offices offer dental discount plans to patients who are lower income or are in need of help, and you may qualify depending on your situation. Ask around and find out if any dentists in your area offer low cost dental care for low-income families. You may get lucky and find a provider who can help for much less than expected.
  • Dental insurance: You can buy dental insurance even if it’s not offered by your employer. These plans are significantly cheaper than medical plans, and they’ll cover some or all of the costs for the more routine dental procedures.
  • Cash discounts: Some dental offices will offer cash discounts if you pay in cash the day of your procedure. You’ll have to inquire at your specific dentist office, but it’s worth asking.
  • Dental schools: As mentioned, one of the best ways to save on dental work is to find a dental school that offers dental care to the public. These schools allow the students to perform your dental work while under the supervision of their instructors.

Get pre-qualified

Answer a few questions to see which personal loans you pre-qualify for. The process is quick and easy, and it will not impact your credit score.

The bottom line

Dental work can be daunting, especially when you need a loan to pay for it. If you’re feeling overwhelmed, remember that there are ways to finance your dental work, even if you have bad credit. With planning and determination, you can find the financing that works best for you.

Written by
Joshua Cox-Steib
Insurance Contributor
Joshua Cox-Steib has two years of experience in writing for insurance domains such as Bankrate,, The Simple Dollar,, and more. His work has also been featured on such sites as MSN and BBB (Better Business Bureau). His insurance writing career has spanned across multiple product lines, with a primary focus on auto insurance, life insurance, and home insurance.
Edited by
Loans Editor, Former Insurance Editor