Emergency loan for operation

There are many reasons to take out a loan or loan. Most of them, such as furnishing or car financing, are almost a matter of course. However, very few consumers know that a loan for surgery or medical intervention is just as easy to obtain and in some cases even offered by doctors and hospitals.

Why a loan for surgery or medical intervention at all?

Why a loan for surgery or medical intervention at all?

There are many reasons why medical intervention is not covered by health insurance. A classic example would of course be plastic surgery. Nevertheless, this has to be seen a little more differentiated, because most of the time the intimate desire for a cosmetic surgery is not born out of vanity, but rather it is about living the same quality of life as everyone else desires.

It can be an ugly scar that makes sunbathing by the sea or in the outdoor pool seem impossible. Even if the shape of a woman’s breast is no longer what it should be, it can gnaw away at self-esteem. A medical intervention not only removes a possible beauty blemish – it also gives this woman self-confidence and a good quality of life.

A loan may also be necessary due to your own contributions

A loan may also be necessary due to your own contributions

Another example would be surgery on the teeth. Politicians have imposed so much on their own contribution in recent years that the best intervention is no longer paid for, but only the cheapest. For some patients, it is simply unthinkable to be able to afford the existing co-payments. This gives rise to another argument.

Countries sometimes offer more modern methods and better equipment in cosmetic surgery and dental procedures than are available in many medical practices and hospitals. Such interventions are carried out at a fraction of what it would cost at home. Even including flights and hotels, the prices are often much lower than at home – and the quality of work is also many times better.

Doctors and clinics often offer financing options

Doctors and clinics often offer financing options

However, borrowing from domestic clinics and doctors is often easier. Some doctors and clinics and therefore work together with financial service providers. Therefore, they even offer a very targeted loan for surgery and other medical interventions. Apart from the usual proof of creditworthiness, further requirements are the age of majority and a permanent place of residence.

With a loan for surgery and medical intervention of more than 4,000 dollars, employment must also be proven. Depending on the employment framework – i.e. permanent position or fixed-term employment contract – a corresponding loan amount can then be agreed. Financial service providers in particular, who cooperate with clinics and doctors, offer even more attractive contract features.

Depending on the contract, the conditions can be very different

Depending on the contract, the conditions can be very different

If a loan agreement can be negotiated for a surgery or intervention loan with a term of less than twelve to ten months, some providers do not pay interest. Instead, only the usual, one-time processing fee is due. If interest is due, it also differentiates strongly depending on the term, the amount of the loan and the provider.

For amounts between 1,000 and 80,000 dollars, the interest rates fluctuate between 2.90 and 15.90 percent. But even if a doctor or a clinic cannot rely on such a financial intermediary, this does not mean the end of the desired operation. Any other bank can also request and apply for a loan for surgery, dental surgery, etc.

Credit for remodeling

As the owner of a house or condominium, you want to convert or modernize it sooner or later. There are always reasons for this, it is enough if you are expecting children and want to expand the attic in order to gain another room. Or the heating system is a bit older and you want to bring it up to date with the latest technology.

Then most of the time you can’t get around a loan for the conversion, since you are probably not one of the people who have a lot of money in the account or the savings book. After all, the renovation or modernization is expected to result in high costs that are hardly manageable without a loan. Then you can only consider a loan so that you can implement the value-adding measures.

Loan for remodeling is granted quite quickly and easily

Loan for remodeling is granted quite quickly and easily

If you have a loan for the renovation or modernization of your property, you can obtain a so-called modernization loan from the bank. This is given out by the banks quite unbureaucratically, for which it has a shorter term than mortgage lending. This is only possible from a sum of 50,000 dollars. For the application, you usually only need the last 3 salary slips and an adequate credit rating. The loan is granted promptly, so that you can dispose of this money more quickly than with mortgage lending.

The term of the loan is quite flexible, you can inform the bank of your desired term so that you will not have a high monthly repayment burden. You not only benefit from the low interest rates that you receive from 5 percent. Rather, you also increase the value of your house or condominium by converting or modernizing. A conversion is therefore a value-adding measure from which you benefit twice.

Credit-related interest rate on the loan for the renovation

Credit-related interest rate on the loan for the renovation

If you choose a loan for your renovation, you can get this loan with a term of 12 months. The term of course also depends on the amount you need for the planned conversion. If you need a sum of 3,000.00 dollars, a short term also makes more sense than a relatively long term of up to 120 months, which are more for sums from 10,000 dollars.

The interest rate at almost all banks depends on creditworthiness and income. A good credit rating is a basic requirement for this loan. In addition to the creditworthiness, your monthly income also plays an important role in the calculation of the loan. After all, the bank has less risk with a high monthly incoming money than with a rather low income. However, if you still have to pay off a loan, it is usually worth applying for an increase in the loan.

The banks also check whether you own the property you want to convert or modernize. This is very important for a loan because it also gives you a lower interest rate than if you rented out the property again. You can apply for the loan yourself at the bank’s branch or online. Only the original salary slips are required by the banks in order to ensure adequate repayment.