Frequently Asked Questions
What you should know about dental financing
Don't know if dental financing is right for you or have questions about how our online matching system works? We want you to be informed before taking on such an important financial obligation, so below you will find answers to the most commonly asked questions:
What Are Online Dental Loans?
Dental loans are just regular personal loans that you can use to cover your dental expenses. There are no actual requirements for what you can spend the money on if you take out a loan from one of the direct lenders in our network.
These loans are offered online and are repaid in equal installments over an agreed period of time. No collateral is required.
How Much Will I Get?
The maximum amount you can borrow is $35,000 and you can select any amount up to this when you use our loan request form.
If you are matched with any lenders, the amount you are actually offered will depend on what you chose, the information you provide and the lender's internal assessment.
Generally speaking those with a good credit score and a high level of income will be offered the higher amounts with the best terms.
How Long Can I Borrow For?
The duration of your loan will depend on the amount offered, the lender's assessment of your application, and whether you wish to revise the terms.
In general the larger the amount the longer the duration, as this makes it easier to manage. However you will usually pay more interest in the long-run than shorter term loans.
The maximum duration offered by lenders in our network is 7 years.
What Is My Interest Rate?
At the time of any offer you will also be presented with an Annual Percentage Rate (APR) and the repayment schedule. This means you'll know exactly how much your loan will cost overall and how much you will need to repay at each installment.
The interest rate offered is determined by the lender once they receive all the required information. The amount requested, the duration of the loan and your personal circumstances all play a role.
You can learn more about interest on our Rates and Fees page.
Who Can Apply?
Anyone who is over the age of 18 and legally resides in the United States can apply for an online personal loan.
The only lender requirement is that you have a stable and verifiable source of income. This should preferably be from employment or self-employment, but certain forms of government welfare and other sources may be considered.
What If I Have Bad Credit?
Beware of websites promising so called ‘no credit check' loans, as this is not feasible if a lender is doing their job correctly.
The good news is that our lenders do not disqualify applicants with bad credit automatically, and will take in to account their income, employment status and other factors before making a decision.
If you do have bad credit you might not be offered the larger amounts or best interest rates, but you could still get a loan.
How Do I Apply?
The two step online process couldn't be easier:
- Head to our [loan request] form, select the amount you wish to borrow and enter your personal details. We will then pass this on to lenders in our network and let you know on screen if you have any matches.
- If matched, explore the available offers and complete any further lender application requirements.
Instant approval is not feasible, but you could be made an offer in a matter of minutes!
What Information Must I Submit?
To get started we will need to know your name, address, contact details, income and employment status, and the amount you wish to borrow. You will also need to provide the lender with your bank account information so the loan can be deposited and repayments easily taken.
Lenders might also require you to provide scans or digital copies of income and employment related documentation, but these can usually be attached online without the need to fax or send them in the mail.
Is My Personal Information Safe?
We go to great lengths to ensure your personal information is secure. We employ the latest standard of encryption and only share your data with participating lenders.
Does DentalWorkCash Charge A Fee?
No, we do not charge any kind of fee for using our loan matching service and you are free to use it any time.
DentalWorkCash is not a lender, nor do we broker loans or decide loan terms.
If you are matched with a lender and decide to formally apply for a loan, any contract or agreement is between you and the lender.
When Do I Get The Money?
The time it takes to receive your loan can vary from lender to lender and may also be affected by how quickly your bank processes transactions. However you could see the money in as soon as one business day if you apply during working hours and during the working week.
If you apply on Friday or during bank holidays, you will need to wait until Monday or the next working day for the loan to be processed.
I've Received Offers but No Longer Want a Loan
If you have been matched with lenders and received offers, but have changed your mind and don't wish to take out a loan – all you have to do is close the screen. You are not obligated to complete an application or accept an offer if you don't want to, and you are free to apply again at any time.
You will receive a copy of the lender's terms and conditions at the time of a formal offer and can read through them before making your decision. Once you have digitally signed the agreement the loan is legally binding and will soon be deposited in to your designated bank account.
If you do walk away a ‘soft search' may be noted on your credit report, but it will not adversely affect your credit score.
What Is The Repayment Process?
Repayment is made in regularly scheduled installments (usually monthly or fortnightly). Each payment is taken automatically from your designated bank account.
The repayment schedule is provided to you at the time you are made a formal offer.
Can I Repay The Loan Early?
If you would like to know if you can repay your loan early, you should refer to your copy of the loan terms and conditions or contact the lender directly.
If early repayment is an option, you will usually be required to repay the entire loan in one lump sum. This will save you on interest, though there may be a smaller fee for the privilege.
What If I Miss Repayments or Default?
It is advised that you do not miss repayments as this could result in added fees from the lender and your bank (if you go overdrawn).
Consistently missing repayments or defaulting entirely will negatively impact your credit score, making it harder to obtain loans and credit in the future. Collection proceedings may also be carried out, which could include emails, letters, phone calls and home visits, in an attempt to recover what is owed.
If you believe you will miss a repayment or generally cannot afford the loan anymore, you should contact the lender right away to discuss possible solutions. They may be able to extend the loan, renew it, or work out a more manageable payment plan – but this is at their sole discretion.
I Have a Question Not Listed Here
If you have a question about this website or our loan matching service, you can contact us.
Any queries regarding a lender's offer or an existing loan obtained through our service, should be directed at the lender in question.