Summary
Sunbit’s no interest dental patient financing plans gives approved dental patients the flexibility to choose any payment term at checkout, including options with lower amounts due upfront and smaller monthly payments, while keeping the opportunity to pay no interest if the full treatment cost is paid by the promotional deadline. Unlike deferred interest programs, Sunbit does not charge retroactive interest or penalty interest, and there are no fees for prepayment, late payments, or insufficient funds. Patients can pay on their own schedule through the Sunbit App, online portal, or by phone or mail, and Sunbit provides reminders so they can stay on track. If the promotional deadline is missed, nothing changes beyond continuing regular monthly payments under the original loan terms.
Key Points:
- Every approved dental patient can choose any available term length at checkout based on their budget
- Every plan includes a no interest offer if the full treatment cost is paid by the promotional deadline
- Promotional deadlines may be 3, 12, 18, or 24 months depending on the offer
- Sunbit is not a deferred interest plan and never charges retroactive interest
- Interest paid during the promotional period is credited toward the treatment cost if paid in full by the deadline
- No fees for prepayment, late payments, or insufficient funds
- Patients can pay flexibly through the Sunbit App, online portal, or by phone or mail
- If the deadline is missed, patients simply continue monthly payments per the original agreement
- Sunbit sends email reminders before the promotional period ends
At Sunbit, we believe that everyone deserves access to the care they need without financial stress. That’s why every approved dental patient is eligible for a no interest plan. We put your patient in the driver’s seat, allowing them to choose the payment option that works best for their budget, all while keeping the door open to pay no interest on their treatment.
How the Sunbit No Interest Plan Works
The beauty of our no interest plans are their simplicity and flexibility.
- Choose Any Plan Offered at Checkout: Every approved patient can select any term length that best fits their budget today. This includes the option with the lowest amount due at checkout and the lowest monthly payments. This helps more patients say “yes” to treatment immediately.
- All Plans Come With a No Interest Offer: Regardless of the term length the patient chooses, the loan can become a no interest plan if they pay off the full treatment cost by the promotional deadline specified in their offer (can be 3, 12, 18 or 24 months).*
- Payment Schedules are Flexible: Once they’ve taken an offer, there is no required payment schedule. They can pay the balance off in regular installments, or all at once, through the Sunbit App, the online portal, or by phone or mail.
Addressing Your Key Questions
We want your patients to feel confident and secure in their choice. Here are the answers to the most common questions we receive about our No Interest Plans:
Question: Is this a deferred interest plan?
Answer: Absolutely not. Sunbit never charges deferred interest on any of our dental plans. This is the most important distinction and a major benefit of the Sunbit plan.
- No Retroactive or Penalty Interest: Unlike deferred interest plans, if a patient does not pay off the full balance by the promotional deadline, we will not retroactively charge for all the interest accrued from day one. From day one, patients are paying both principal and interest as agreed upon per the loan agreement. Any interest paid is credited toward the treatment cost—making the loan effectively interest-free if the full treatment cost is paid by the end of the promotional period.
- The Benefit of Sunbit No Interest Plans: If the full treatment cost is paid by the promotional deadline, any interest you have paid is credited toward your treatment cost, which means you’ve actually paid zero interest on the loan.
- Missing the Deadline: If the patient misses the promotional deadline, they simply continue to make monthly payments according to your original loan terms, and if they have paid more aggressively during the promotional period, the remaining obligations will be even smaller than the original loan terms.
Question: Are there any fees or penalties for missing the promotional deadline?
Answer: Not at all. We believe in clear terms and don’t hide costs in fine print. We do not charge fees for pre-payment, late payments, or insufficient funds, nor do we charge anyone retroactive interest.
Question: Will patients be reminded of the promotional deadline?
Answer: Yes. Sunbit will email eligible patients the promotion details and reminders before the promotional period ends to help them stay on track.
Question: What happens if patients don’t pay off the full treatment cost by the deadline?
Answer: Nothing. They simply continue to make regular monthly payments outlined in the original loan agreement until the loan is paid in full.
In Summary
At Sunbit, our overarching goal is to offer maximum flexibility and control over financial options, so patients can focus on getting the care they need, at a price they can afford. As such, every Sunbit approved patient gets an opportunity to make their plan a no interest plan, but also has no obligation to complete payment by their promotional deadline.
Know a dental practice that could benefit from Sunbit? Refer them here.
*0% interest payment options may be available, including “no interest if paid in full by the promotional period” and “0% interest plans”, contingent upon merchant plan enrollment and customer creditworthiness. Subject to approval based on creditworthiness. 0-35.99% APR. Payment due at checkout. Example: A $1,178.00 purchase with 24.99% APR, $199.55 down payment and a 18-month term would have monthly payments of $65.74 and a total cost of $1,382.84. Terms may vary. Not available in US territories. See Rates & Terms for more details. Account openings and payment activity are reported to a major credit bureau. Sunbit Now, LLC is licensed under the CT Laws Relating to Small Loans (lic. # SLC-1760582 & SLC-BCH-1844702); NMLS ID 1760582. Loans are made by Transportation Alliance Bank Inc., dba TAB Bank, which determines qualifications for and terms of credit.