Dental Loan Rates Save Thousands Compare Now
Several factors influence the interest rates on dental loans:
1. **Credit Score**: A higher credit score often leads to lower interest rates. Lenders view borrowers with good credit as less risky, resulting in more favorable terms.
2. **Loan Amount and Term**: Larger loans or longer repayment terms can sometimes result in higher interest rates. Conversely, shorter terms may offer lower rates but require higher monthly payments.
3. **Lender Policies**: Different lenders have varying criteria for setting interest rates. Some may offer better rates to attract new customers, while others may have stricter requirements.