SimpleSelect focuses on providing safer, smarter financing alternatives to widely used and abused medical credit cards. Credit cards are designed for small, repeat purchases, and not a wise borrowing vehicle for a one time, larger ticket purchase such as a medical procedure.
A fixed installment loan from SimpleSelect offers many benefits compared to a medical credit card and we have options to fit most any budget.
the simpleSelect difference
Patients can apply for SimpleSelect in their provider’s office or at home on any computer, smartphone, or tablet. Most credit decisions are returned within a few seconds.
Once approved, loan documents can be signed electronically in the provider’s office or at home via email. First payment is generally due approximately 30 days from the day the patient applies.
save thousands in potential penalty interest
Medical credit cards have a default interest rate near 30% with no grace periods for late payments. They are designed for the patient to fail. SimpleSelect loans have no pre-payment penalty and provide generous grace periods for late payments.
SimpleSelect offers multiple loan options that work for both patients on a budget, and those patients looking for the no interest offers. SimpleSelect Standard loans offers one of the most competitive interest rates in the industry and a SimpleSelect Zero™ is the only true no interest loan options in the industry with no default or penalty interest.
NOT a Credit Card.
SimpleSelect is not a credit card and offers exclusively installment loan options. Installment loans typically provide much better repayment terms than a credit crd and installment debt is usually better for your credit rating than credit card debt.
other patient benefits
SimpleSelect loans are simple interest and have no prepayment penalties. Payments can be made by mail, over the phone, or online and we offer generous grace periods for late payments unlike most credit cards.
the simple and smart patient financing option
SimpleSelect loan is THE choice for patients who want to make smarter decisions when it comes to financing a larger ticket medical procedure or treatment plan
SimpleSelect offers patients many benefits over medical credit card programs as well as most other patient finance programs. If you are considering a large ticket ($1,500+) cosmetic procedure or surgery, a medical credit card may not be the best choice. These types of programs are full of fine print, excess charges, and high default interest rates (usually close to 30%). They are fine for small repeat purchases, but not a large ticket borrowing solution.
SimpleSelect Patient Finance offers a simple closed-end, fixed rate loan with terms up to 60 months. Using this type of loan product, your interest rate is locked in and so is your monthly payment. You can pay off at any time with no penalty and any interest you are charged is simple interest so the earlier you pay off the loan, the less interest you will pay. Our program is SIMPLE, FAIR, and FLEXIBLE.