Denefits interest rates by plan
| Plan | Interest rate | How it works |
|---|---|---|
| No-Fee Payment Plan | 0% | Repay exactly the service cost |
| EZ Deferred Interest | 0% months 1–3, then 17.57% | Pay in full during the deferred window to owe no interest |
| Standard plan | 19.90% | Fixed monthly payments |
| In-House Payment Plan | Set by your provider | Custom down payment, rate, and term |
The EZ rate is 2.33% lower than the standard rate, which rewards customers who choose the deferred interest option.
Every Denefits fee
| Fee | Amount | Notes |
|---|---|---|
| Transaction fee | 3.00% per payment | Applied to each installment processed |
| Enrollment / application fee | $0 | Applying is free |
| Prepayment penalty | None | Pay off early any time |
| Reserve held | None | No portion of your plan is held back |
| Credit check fee | None | No credit check is performed |
How deferred interest works on the EZ plan
For the first three months, no interest applies. The deferred window runs up to 12 months. If you pay the full balance during that window, you pay no interest at all. If a balance remains afterward, interest converts into monthly installments at the EZ rate of 17.57%.
Important: missing a payment during the first 12 months applies the standard rate to the remaining balance. Setting up autopay is the easiest way to stay on track.
Real monthly payment examples
Estimates below exclude the 3.00% per-payment transaction fee.
| Amount & term | No-Fee (0%) | EZ Deferred | Standard (19.90%) |
|---|---|---|---|
| $1,000 · 12 months | $83/mo | $83 → $90/mo | $93/mo |
| $2,400 · 24 months | $100/mo | $100 → $117/mo | $122/mo |
| $3,000 · 24 months | $125/mo | $125 → $146/mo | $153/mo |
| $5,000 · 36 months | $139/mo | $139 → $176/mo | $186/mo |
Try your own numbers with the Denefits loan calculator.
How Denefits rates compare
| Option | Typical rate | Credit check |
|---|---|---|
| Denefits EZ Plan | 17.57% | None |
| Denefits standard | 19.90% | None |
| Medical credit cards | 26.99%+ | Hard pull |
| Store credit cards | 29.99%+ | Hard pull |
| Payday loans | 300%+ APR | Varies |
For a deeper side-by-side, read Denefits vs CareCredit.
Ways to pay less interest
- Choose the No-Fee Plan when your provider offers it.
- Pay off EZ plans within the deferred window to owe zero interest.
- Make a down payment to reduce the amount financed.
- Pay early, since there’s no prepayment penalty.
- Keep autopay on to avoid triggering the standard rate.
Jonathan has 14+ years in consumer finance, including seven years structuring healthcare payment solutions. He holds the CERTIFIED FINANCIAL PLANNER™ certification and reviews every rate, term, and disclosure we publish.