When considering how to pay for your elective 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
With True 0% 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 over 12 months with a set monthly payment amount. However, you do not have the option to make a minimum payment or choose how much you pay monthly, and if you miss a payment, high interest rates (up to 29.99%) take into effect.
✅ Pros: No interest if payments are made on time.
❌ Cons: No flexibility—must pay a fixed amount each month, and missing a payment triggers high interest.
No Interest Plans (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.
✅ Pros: No interest if paid in full within the period, plus flexible payment amounts.
❌ Cons: If the full amount isn’t paid off in time, interest applies retroactively.
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.
✅ Pros: Lower interest, predictable payments, and no surprise rate hikes.
❌ Cons: Interest applies, though at a reduced rate.
Why Choose PatientFi?
We’re committed to making payment plans simple and manageable. Our goal is to provide you with the most flexible and friendly options to make paying for the treatments and procedures you want easier.
✔️ No Interest Plans (Deferred Interest): No interest if paid in full within the promotional period, with the flexibility to make minimum payments. No hidden fees or surprise rate hikes.
✔️ Reduced APR with Fixed Monthly Payments: Enjoy lower interest rates with fixed monthly payments, giving you control over your budget and avoiding unexpected charges.
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