Where to Get Them
Anyone needing to take out a pet loan to mitigate the potentially large up-front costs of necessary or emergency veterinarian care for his or her beloved can pursue a variety of financial options. The most sensible one depends on the loan amount and the borrower’s financial situation. Credit cards, payday loans, unsecured personal loans, home equity loans, and in-office veterinarian financing are typical sources of money to cover a pet’s veterinarian expenses.
Credit cards are regularly used to cover veterinarian expenses; however, it can be an expensive way to finance the treatment. If the pet owner is unemployed when the veterinarian’s services are needed, a credit card may be the only viable option, and therefore necessary.
Payday loans can also be a source of money to cover an unexpected veterinarian bill; although, the finance charges are likely to be more expensive than a credit card’s interest rate. If the vet bill is substantially large, more than your next bi-weekly net pay, a payday loan won’t cover the expense.
Home Equity Loan or Line of Credit
Home equity loan or line of credit are viable options, but because they may involve pricey appraisals and closing costs they might not be a practical way to finance less expensive treatments.
Veterinarian (in-office) financing
Some veterinarians may provide some customers with an immediate solution; however, it may be difficult to qualify for their payment plans.
Unsecured Personal Loans
Unsecured personal loans offer a wide variety of financial options – no prepayment penalties, no closing costs, lower monthly payments for longer-term loans, large and small loans amounts, and competitive interests rates. Applying for them is easy and confidential; you can do it all online. Usually, they fund within 24 hours, if not the same business day.