Medicred
Healthcare Loans

Medicred is a healthcare financing company based in the UK, specialising in making private dental treatments more affordable. By offering interest-free loans and flexible payment plans, we help patients spread the cost of both necessary and desires dental procedures over manageable monthly payments. In doing so, we eliminate the need for upfront payments, enabling patients to prioritise their oral health without financial barriers. Our approach puts patients first, and applying for financing with Medicred takes minutes online.

Our mission is to enhance accessibility and affordability for essential dental care, particularly for individuals facing long NHS waiting times or seeking advanced procedures not covered by public healthcare​.

Financing from Medicred, a healthcare-specific company, provides several benefits tailored to the unique needs of medical and dental care seekers. First, we fully understand healthcare costs and patient priorities, enabling us to offer flexible, interest-free payment plans that align with treatment timelines and financial constraints. This focus helps patients spread costs for essential or elective procedures without burdening them with high interest rates or rigid repayment terms, which are often typical with general loan providers.

Additionally, we can collaborate directly with medical and dental practices, streamlining the application and approval process. This ensures patients can quickly access treatments without lengthy delays or complicated paperwork. We also provide greater transparency, typically avoiding hidden fees and offering specialised support for managing healthcare-related expenses. By catering exclusively to the healthcare sector, Medicred eliminates the guesswork and inefficiencies of generic financing options, making us a convenient and patient-focused solution​.

Private dental treatments often require significant upfront payments that can be burdensome for many patients, especially if they are g. Financing spreads the cost into manageable monthly instalments, allowing patients to access these services without delaying care. It is also beneficial for urgent procedures like root canals or emergency extractions, where immediate attention is critical, but unexpected expenses might strain your budget.

Not everyone can save specifically for dental care alongside other living expenses, such as housing, utilities, and daily essentials. Dental financing provides a solution by removing the need for a large upfront payment, allowing patients to maintain their oral health without compromising other financial priorities. It is also ideal for families managing the combined dental care costs for multiple members or those seeking private care when NHS coverage is limited or unavailable.

When applying for healthcare financing, such as dental loans, the lender may conduct a “hard inquiry” on your credit report, which can temporarily lower your credit score. However, the impact is usually short-term. Your future payment behaviour has a greater effect: making timely payments can boost your score, while missed payments can harm it. Some healthcare-specific lenders, like Medicred, offer “soft” credit checks that don’t affect your score, which can be ideal for those concerned about the impact.

Managing healthcare financing responsibly can potentially improve your credit score over time. Making on-time payments according to the agreed-upon terms reflects positively on your credit history and can help build a better credit profile. Since healthcare financing is often reported to credit bureaus, regular, responsible repayments contribute to demonstrating your creditworthiness. However, it’s important to monitor your spending and ensure you don’t take on more than you can afford, as missed or late payments will have the opposite effect.

Yes, in many cases, healthcare financing can be used for treatments for family members or dependents, such as children or spouses. However, the specific rules may vary depending on the financing provider. Some lenders may allow you to apply for financing on behalf of a family member, while others might require the borrower to be the patient receiving the treatment. For example, dental finance providers like Medicred typically allow patients to use financing for immediate family members, but the terms and eligibility criteria for dependents may differ​.

If you plan to finance a family member’s treatment, you may need to meet specific requirements such as providing proof of relationship or submitting additional documentation. Sometimes, you may need to be a co-signer on the loan or provide a joint application if the dependent is underage or has a limited financial history. It’s important to confirm the terms with your lender before proceeding, as different companies have varying policies on financing for dependents​.

The Medicred loan application process is simple and quick. Start by filling out the application form on our website, which takes just a few minutes to complete. Once submitted, you’ll typically receive approval within 24 hours, depending on your eligibility. Our straightforward process ensures no hidden fees and, once approved, you can book your dental treatment right away, knowing that you can spread the cost.

To qualify for healthcare financing with Medicred, applicants must be at least 18 years old, a UK resident, employed, and have a UK bank account. The application includes a credit check, and repayment is made via direct debit every month. There are no hidden fees, and you can pay off the loan early without penalties​.

Private dental insurance plans often cover a percentage of dental treatments, such as check-ups, fillings, and certain cosmetic procedures, although coverage can vary between plans. Alternatively, some patients choose to finance their dental care with personal loans from banks or lenders, which can be repaid in monthly instalments. Credit cards are another option, particularly if the card offers 0% interest on purchases for a set period, though it’s important to be aware of interest charges once the introductory period ends.

Medicred offers flexible payment plans to suit different budgets. Typically, you can choose from interest-free repayment terms over 3, 6, 9, or 12 months. This allows you to spread the cost of your dental treatments across manageable monthly payments. The terms and amount of the monthly payments will depend on the total cost of your treatment and the plan you select. You can pay off your loan early without any penalties, providing further flexibility​.

Yes, dental practices can partner with Medicred to offer flexible financing options to their patients. By providing payment plans, practices can help patients manage the cost of dental treatments, making care more accessible. Medicred offers a quick application process, instant approvals, and various payment plans to suit different needs, helping dental practices increase treatment acceptance and attract more patients. The Medicred team provides ongoing support to ensure a smooth experience for both dental practices and their patients.

Offering Medicred financing can help dental practices improve patient satisfaction by making treatments more affordable. It also reduces the likelihood of treatment abandonment due to cost concerns. Practices can offer tailored payment plans to meet different patient needs, and the Medicred platform integrates easily with existing practice management systems. This helps to streamline the payment process, making it more efficient for both the practice and patients.

A representative example: An interest-free loan of £650 over 9 months would cost you £72.22 per month at a representative 0% APR.

The total amount of credit would be £650, to which we would add £0.00 (0% p.a.). This means the total cost of your treatment after 9 months would be £650.

If you were to take out the loan today, you’d pay the first £72.24 upfront and then 8 payments of £72.22 each month, starting one month thereafter – all by direct debit mandate.

You can contact Medicred by visiting our contact page, where you can find our email address and office details. You can email us directly with any enquiries regarding healthcare financing or partnership opportunities. Medicred’s head office can be found at 725 Fulham Road, Fulham, London, SW6 5UL. For additional support, our website provides a contact form for general questions, ensuring a smooth process to get the information you need.