Financing Options

Your Esteem® surgery can be financed with a number of different flexible, low cost financing options. When speaking to an Envoy Medical representative or your lender about your Esteem® surgery financing, make sure to ask them to explain a range of solutions including monthly payments and reasonable interest rates, high approval rates and a quick application and approval process.

Some Esteem® financing options can include credit cards, personal lines of credit, a home equity line of credit or mortgage. You should also know that the Esteem surgery is a major medical expense and may be tax deductible. Please see the cost of the Esteem® section for further details on this potential tax savings.

Please see the chart below regarding some of the details on the financing options listed above.

Credit cardPersonal creditHome equityMortgage
Amount Needed $0-$30,000 $5,000-$30,000 $10,000 -$30,000 $10,000 -$30,000
Descrip-
tion of financing		 In addition to traditional accounts, many credit card companies offer healthcare-specific financing programs. Unsecured personal loans that do not require the use of home equity as collateral. Loan allows you to access the equity that you have built in your home. Get cash out of your home by refinancing your mortgage.
Benefits
  • Simple application process
  • Quick credit decisions
  • Terms up to 5 years
  • Higher approval rates
  • Fixed-rate loans
  • Simple application process
  • Discounts may apply if you have a preexisting relationship with your lender
  • May be available where you currently do your banking

Lower interest rates than credit cards and    personal loans

Terms up to 25 years

Consolidates loan amount into your mortgage payment

Interest paid on mortgage is often tax-deductible
Drawbacks
  • Variable interest rates from 5% to 25%
  • Lower credit limits
  • Non-variable interest rates from 9.99% to 24.99%
  • Financing fees and closing costs may apply
  • More complex application process
  • Loan is secured by your home
  • Most complex loan process
  • Title insurance may be required