The dental market in India is undergoing a major growth phase with the presence of over 5000 dental clinics and around 300 dental institutes in the country. According to industry statistics, between 12,000 to 15,000 private dental practices are started each year in India. The overall dental market in India is expected to grow at a healthy 20 to 30%.

According to the Center for Disease control and prevention (CDC), over 47% of Indians above the age of 65 suffer from periodontal (or gum) diseases that cause swelling and bleeding of the teeth gums. Depending on the severity of the ailment, dental procedures like deep cleaning or surgical treatments may be required for the treatment. Despite the severity of dental problems, most patients defer or postpone their visit to their dentist, primarily due to the unpredictable cost factors. This negligence often results in the further escalation of the dental problem over time, and can result in cost escalation of the required dental treatment.

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How to Finance your Dental Treatment

Despite the importance of oral hygiene, most dental procedures such as root canal treatment, dental implants, and dental braces are not considered life-critical and are not covered under the regular health insurance plans in India. While dental insurance is common in the U.S., this form of insurance is at a nascent stage in India and offers coverage only for few of the expensive dental treatments.

Depending on the complexity of the dental problem and its treatment, the overall costs of undergoing a dental treatment can vary, with some services causing a financial problem for the patient.

Fortunately, there are other available modes of dental financing in India that can take care of your dental costs. This includes the availability of medical loans in the form of a personal loan from any Indian bank or from a medical loan specialist such as PSTakecare. Alternatively, major players in the financial services sector offer easy personal loans specifically for dental treatment. However, this financing mode can also attract high interest rates, depending on the credit rating and repayment capacity of the borrower.

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The use of credit cards for medical financing has grown as an accepted mode of payment in recent years. However, as the Indian dental market is still dominated by private dentists, acceptance of credit cards from the patients is still dictated by the dental specialist.

Why Medical Loans?

Medical loans are gaining acceptance as an alternative method of financing medical emergencies and treatments in India. Despite being consider unsecured, medical loans are offered at competitive interest rates, as compared to those charged on credit cards and personal loans. Medical loans are available from many banks and financial institutions for borrowers to use in a variety of medical treatments including critical diseases such as heart ailments and cancer, along with cosmetic surgeries and dental treatments.

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Unlike personal loans and credit cards, medical loans are also available for borrowers with low cash flow and credit rating. Applicants can also decide on the disbursed loan amount and the period of repayment, according to their own convenience. The quick approval and disbursement process of medical loans work to the benefit of the borrower, in need of urgent cash. For more information about the medical loan players in India, visit this link.