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One application let's you choose from up to 14 lenders.
Choose the best financing option for your elective procedure in minutes.
With one application that takes less than two minutes to complete, we’ll search for fixed-rate medical loan offers from all of the top online lenders… And because we’re paid by the lender, not you, there’s no markup. So you’ll see the same rates and offers as you would if you applied at all 14 lenders individually.
- 1 application searches up to 14 lenders at once
- Rates are provided without markup by us
- We provide only fixed-rate loans; rates never change
- More than twice as many applicants approved as
medical credit cards - Ideal for elective procedures
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Payments as low as
31/mo*
For a $1,000 bill
Payments as low as
153/mo*
For a $5,000 bill
Payments as low as
305/mo*
For a $10,000 bill
*Subject to credit approval. APR: 5.99% subject to increase or decrease. Example of 36 monthly payments for well-qualified applicants.
Why Parasail and not a credit card?
Parasail fixed rate loans don’t balloon if you miss a payment like credit cards with variable rates do. Whatever rate you agree to stays the same for the entire loan term – no surprises.
High credit card balances also negatively impact your credit score. With Parasail, you can keep your credit cards available for emergencies.
Why Parasail and not some other online lender?
Parasail is a “one stop shop” that finds the best option for you from multiple lenders. So, you get the best terms at the best rate with a single application that takes less than 2 minutes.
Applying doesn’t affect your credit score, and best of all, Parasail is paid by lenders and practices -not by you. So the rates we show you are the same as if you applied directly with each lender separately… but with a lot less hassle.
Quick and Painless
Our application is easy, secure and won’t affect your credit.
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How our plans work
Shop for loans and connect with the right lender for you.
Easy Apply
Safely and securely apply in minutes to turn your unmanageable expenses into affordable payments.
Fast Response
Get a quick response in less than 60 seconds without impacting your credit score.
Accept Offer
We’ll provide you with loan options so you can pick which term and rate works best for you.
Hassle-Free Payments
We’ll connect you with your new lender to start your plan.
"It was fast… I ended up with a really low interest rate – way better than if I’d used my credit card"
John - Patient, Tacoma, WA
Frequently Asked Questions
Why did some lenders deny me, even though I have good credit?
Every lender has different criteria for approving loan applications and they’re looking for different customers so they offer different interest rates to encourage more or less of a certain profile of customer. That’s why Parasail Select approves more people than any single lender or medical credit card because we have partnered with lenders who specialize in loans for different kinds of people. So it’s very common to be denied a loan not because your credit is not good enough, but because you may not be the customer that the lender is looking for.
Does applying affect my credit or FICO score?
No. The Parasail Select applications uses what is called a “soft pull” on your credit, which does not show up on your credit report. When you select the loan you want and are then transferred to the lender’s site to complete the loan setup, the lender may subsequently do a “hard pull” to verify that the information in your application is accurate. If the lender does this, they will disclose it and ask for your approval to do so.
What’s a “fixed rate” loan? And why is it better?
Credit cards use what’s called “variable interest rates” which means that the interest rate you pay changes over time based on several factors. These can be anything from whether you made a late payment, to whether you paid your full balance within a certain period of time, to what Federal Reserve set interest rates at recently. This means that you could pay a lot more later on in your repayment period than you’d planned. A “fixed rate” loan means that the rate will never change. No matter what. Late payments, changing interest rates by the government, etc., won’t affect the amount you have to pay each month.
Can I use a Parasail Select loan at any doctors office or hospital?
Yes. When you initiate a loan through one of the Parasail Select partners, the money you borrow will be transferred directly to your bank account. From there, you can pay your practice, doctor or hospital directly.
Are Parasail Select loans only able to be used for elective procedures?
You can use the funds from a Parasail Select loan for any procedure, but we encourage you to look into our Parasail ProPatient Plan if you have out-of-pocket medical expenses from a non-elective procedure. We are usually able to partner with doctors, practices and hospitals to offer patients a 0% interest payment plan for out-of-pocket costs that your insurer didn’t cover sufficiently. Parasail Select loans are usually used as a better alternative to medical credit cards or single-lender options typically offered by cosmetic practices, dentists and other elective specialties.
I’m in the application process and I’m confused. Help!
Our customer success managers can usually help you complete the application process. Just tap the red circle button on the lower right of any screen to contact us by Live Chat. Or you can email us at: info@parasail.com or call us at 800-604-0370.
