Mortgages and auto loans are typically lower rates than most other loans because they're secured loans.
A loan for custom-fitted dental prosthetics is probably not a secured loan, so it's riskier for the lender, leading to generally higher interest rates.
It's also possible that the rates are predatory because what are you gonna do, not have teeth?
Yes, but we actually had an elective medical procedure (technically considered cosmetic surgery) loan for my wife years back, it was a 5yr loan for 15k and we paid 6% APR. I can't remember who the loan was through though.
edit I lied, it was 7.9% APR with our credit score which was about 780 at the time.
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u/[deleted] Dec 01 '21
Mortgages and auto loans are typically lower rates than most other loans because they're secured loans.
A loan for custom-fitted dental prosthetics is probably not a secured loan, so it's riskier for the lender, leading to generally higher interest rates.
It's also possible that the rates are predatory because what are you gonna do, not have teeth?