Review Your Medical Loan Options

Whether you're thinking about cosmetic surgery an elective procedure or have some upcoming dental work to take care off, a medical or dental loan may be the right financial solution for you.

Your health care provider or the health insurance plan specific to your province is the best source of information to learn which treatments, procedures and devices are covered. If you have to cover some of these costs on your own, personal loans and lines of credit from CIBC can help you do that.

Loans for medical or dental expenses

CIBC offers a number of different personal loans:

  • Medical loan to help pay for past or ongoing medical bills and expenses. For example, if you see a podiatrist, physiotherapist, or another health care provider who is not a physician, you may be responsible for some or all of those costs.
  • Dental loan to help cover the costs of pricey dental procedures such as dentures, crowns, bridges and tooth extractions. These treatments and devices can easily total thousands of dollars, and a dentist loan can help you avoid running up a credit card while caring for your teeth.
  • Elective surgery loan to help pay for costs associated with elective surgery and resultant hospital stays and recovery care. With a surgery loan, you may be more able to afford cosmetic surgery and other procedures considered elective or not medically necessary.
  • Orthodontist loan to help subsidize the costs of braces, retainers and other orthodontic equipment. If you're a parent with several children who require orthodontia work, taking out a loan can help you keep these costs manageable.

Applying for medical and dental loans

You can apply for a personal loan or line of credit to help cover dental or medical costs. Features of a line of credit include:

  • Consistent monthly payments to help you better manage your budget and your finances
  • Competitive interest rates to help you make your purchase more manageable
  • Withdrawals and repayments as needed
  • Interest only charged on the funds you’ve used, not the total credit limit
  • Convenient, online access that lets you manage your account

Flexible personal lines of credit can help you pay for ongoing medical and dental expenses. They allow you to manage your account online as well as:

The application process is simple and straightforward, so when you’re ready to get started, you can apply for a loan online, speak with a CIBC advisor at 1-866-525-8622 or visit a CIBC branch.