Choosing the Right Payment Plan for Your Needs: A PatientFi Guide

When considering how to pay for your healthcare procedures or treatments, it’s important to choose an option that fits your financial situation. Payment plans allow you to spread out the cost over time, offering flexibility when upfront payments aren’t possible.

We offer solutions that give you control over your monthly payments, allowing you to pay off the balance at your convenience. Here’s a breakdown of the most common types of payment plans and why PatientFi’s options are designed to work better for you.

Common Monthly Payment Plans, Explained

Zero Interest: With zero-interest payment plans, you don’t pay any interest for a set period. For example, offers like "0% APR for 12 months" let you spread out payments with no interest if you pay the entire balance within the promotional period. However, you do not have the option to make a minimum payment, and if you don’t pay the full balance by the end of the promotional period, high interest rates (up to 29.99%) can apply to the remaining balance.

Deferred Interest: Deferred-interest plans allow you to pay over time without interest if the full balance is paid off within the promotional period. The key advantage here is that you won’t have any surprise interest increases if you pay in full by the end of the period, and you have the flexibility to make minimum payments. If the balance isn’t paid in full by the end of the promotional period, interest that has accrued from the purchase date will be applied to the remaining balance.

Reduced APR with Fixed Monthly Payments: This option offers a lower interest rate with fixed monthly payments over a set time period. It can make budgeting easier, as you’ll know exactly how much you need to pay each month. Even if you don’t pay the full balance within the promotional period, you'll continue paying at the reduced APR, rather than facing a sudden rate increase. 

Why Choose PatientFi?

We’re committed to making healthcare payment plans simple and manageable. Our goal is to help you choose the option that best suits your financial situation, while making paying for the treatments and procedures you want a little easier.

• Deferred Interest: No interest if you pay the full balance within the promotional period, and the ability to make minimum payments, giving you flexibility in managing your monthly budget. No surprise rate hikes or unexpected interest increases.
  
  
• Reduced APR with Fixed Monthly Payments: Enjoy a reduced APR and the predictability of fixed payments, so you always know what to expect. This provides you with more control over your budget and helps you avoid surprises down the line.

Our plans give you the freedom to choose an option that fits your needs, so you can get the treatments and procedures you want, while paying over time on a convenient monthly plan.