Braces Financing - Your Options Explained
POSTED: 23/10/24 | 23RD October 2024
Financing braces can seem like a great way of spreading the cost of your expensive orthodontic treatment. At PAYG Aligners we offer a finance free payment plan with no credit checks. This makes PAYG Aligners the most affordable way to straighten your teeth without affecting your credit score.
Financing Options
There are many options you can consider when financing your braces. These include:
Loans for braces
Getting a loan for your orthodontic braces is a convenient way to pay for your treatment. Many websites provide a calculator allowing you to tailor the loan amount, deposit amount and timeframe for your loan repayments, typically over 12, 18 or 24 months. When considering a loan for your braces financing make sure you check the fine print for the APR (Annual Percentage Rate), this is where the fees for your financing are hidden. Loan amounts can vary from a few percent to 20% or even 40% and can be influenced by your credit rating. This can mean that your repayments can be significantly inflated. Applying for a loan requires a credit check. If you fail this check, or have multiple credit checks in a short amount of time your credit rating can be affected.
Using your credit card to pay for braces
Using your credit card to finance your braces is convenient. You will have to make sure you have sufficient credit to pay for the full amount. Credit card interest rates can be high (over 20%) meaning for every year that you have this debt on your card you will be charged an additional 20%. This makes it one of the more expensive options when financing your braces.
Braces on your dentists payment plan
Many dentists offer a payment plan allowing you to pre-pay for treatments. This is great for regular check-ups and future dental work but can limit your ability to have urgent work. Some payment plans can limit the treatments available to you. Please check with your dentist to see if financing braces is a viable option for you.
Braces on private health insurance
You may have a personal or company private health insurance plan. This can offer free or discounted treatments, helping you minimise your up front costs. Please check with your insurance provider if braces are available and what discounts are available.
Braces on a pay as you go payment plan
PAYG Aligners is the world's first finance free way to pay for your braces. With no credit checks, we offer 6 and 12 month plans allowing you to spread the cost of your treatment without any interest charges.