If the dentist treats a teenager and finds that they need braces, it can be expensive. Health insurance companies only cover part of the costs because many services have been canceled.
If you take the standard model, you are still well served, but a teenager often does not feel comfortable with it. Many costs have to be paid in advance by the patient and will be paid back at the end of the treatment. With this, the health insurance company wants to guarantee that the treatment is really completed. However, not everyone can afford the costs and pay in advance, so many people think of a loan for braces.
Credit from maxillofacial surgery
The jaw surgeon will not grant a real loan, but an installment payment. This makes sense because the cost of braces is often more than 1,000 USD. In this way, a sum can be paid each month, which the doctor has debited from the account. The costs are manageable and are usually between 30 and 50 USD per month. Braces often have to be worn for three years so that the costs can be covered during this time.
Credit from the bank
There is also an alternative to apply for a brace loan from the bank. There are two different models. You can either transfer the loan amount to your own account, from where the braces are then paid to the dentist, or the loan amount goes directly to the doctor’s account, so that payment is always guaranteed. This option should be taken into consideration if you are not very good with money and would like to drive safely.
Terms and conditions
A loan for braces is often a small loan. So the amount is manageable and paid off relatively quickly. Many formalities cannot be regulated. The latest bank statements and a certificate of employment should be enough to apply for a brace loan. Usually the process does not take long, so the loan is quickly approved. The rates are kept low so that there is no major monthly charge and the payments can be included in the budget. The applicant should request a quote so that the bank can calculate the loan amount exactly. So only the money is taken up, which is needed for the braces.