Rates and Fees

Before taking out dental financing you might be concerned about how much you will need to pay in fees and interest over the loan period.

Nobody likes confusing jargon and hidden charges, especially when borrowing such large amounts.

Fortunately this page will explain everything you need to know about the costs associated with online loans, and you may be surprised how simple it really is.

In fact, before you commit to a loan the lender will tell you exactly what your APR will be and this will remain fixed for the full loan term!

Let’s take a closer look …

APR Is Just the Yearly Interest Rate

Everyone knows that borrowing isn’t free and you have to pay an interest rate on top of the amount issued. What gets confusing is how the interest is calculated and what jargon like APR means.

It’s actually quite simple. APR stands for annual percentage rate and is the percentage of the principal (amount borrowed) that you would pay for the year. This is the standard way to present interest, as you can use it to calculate how much you would pay for any loan duration.

For example if you had a loan of $1,000 for one year and the APR was 10%, then you’d pay $100 (10% of $1,000) in interest in total, or around $8.33 a month. If however the loan was for 2 years, it would be $200 as the APR is only an ‘annual’ figure.

You can see that the longer the duration the more you would ultimately pay in interest. Lenders however will usually offer lower rates in correlation with longer durations.

Even if this is still confusing, the good news is…

Your APR and Repayment Amounts Are Shown Alongside Offers

You will never be in the dark about how much you need to pay because our lenders provide your APR and repayment schedule before you sign the contract. The interest rate is also fixed for the full term, so the cost of each installment will never change, allowing you to plan your budget well ahead.

The only time the lender might request added interest or charges, is if you fail to make repayments or completely default on the loan.

Repercussions for non-payment may vary from lender to lender, but their policies will be outlined in your copy of the terms and conditions.

APR Is Determined By Your Application

Your interest rate will be calculated based on the information you provide in your application, including the loan amount requested, your income status, and your credit rating. Each lender will have slightly different criteria and ways of interpreting your application.

In general, the better your credit rating and the higher your income, the lower APR you will be offered. Larger loans also tend to come with lower interest, but you will usually end up paying more over the long-term.

You might match with multiple lenders and be made multiple offers, so don’t forget to click through an explore them all. You might also be given the opportunity to revise the loan amount and duration to find the most suitable terms.


DentalWorkCash does not lend money ourselves, nor do we set or broker loan terms. We provide a free lender matching/ loan request service, and do not have any input if you are matched and decide to pursue an offer with a lender.

Easy Repayments

When you proceed with an offer from a lender you will be required to provide your bank details. Not only will this allow for a speedy deposit of the loan (as fast as one business day), but it also means repayments can be taken automatically.

While there’s no need to spend time writing checks our manually wiring each installment, it is important that you have the funds in the account by the agreed repayment dates.


If you miss payments or default on the loan, your credit rating will be negatively affected and you could be faced with added fees and interest. The lender or a collection agency will also attempt to recover what is owned through emails, letters, phone calls, or doorstep visits.

You Could Save Money By Repaying Early

Because interest can only be charged on loans that are outstanding, you could save on the cost of your loan by repaying it early. Not all lenders will let you do this, but if they do – you must repay the entire loan, not just a percentage of it.

You will also usually be charged an early repayment fee (but this won’t negate money saved on interest).

If early repayment is permitted it should be written in your copy of the terms and conditions, but you can also contact the lender directly to discuss your options.

Get Started Now!

Now you know how interest is applied to dental loans, you can get started and submit your information right away!