Quick answer
PatientFi and Cherry are both point-of-sale financing platforms used at enrolled practices, especially in aesthetics and dentistry. PatientFi advertises larger amounts and longer terms. Cherry markets higher approval rates and 0% APR plans that it says are not deferred interest. Most comparison content online is written by Cherry itself, so we flag where claims come from.
PatientFi vs Cherry side by side
| Feature | PatientFi | Cherry |
|---|---|---|
| Application | Soft credit check | Soft credit check |
| Maximum amount | Up to $60,000 advertised | Varies by provider and borrower |
| Longest term | Up to 84 months | Up to 60 months, per Cherry |
| 0% plans | Deferred interest if not paid in full | Cherry says 0% APR plans are not deferred interest |
| Approval rate | 80%, per PatientFi | About 90%, per Cherry |
| Prepayment penalty | None | None |
The approval-rate dispute
Cherry’s comparison pages have stated that PatientFi approves roughly 40% of applicants and mostly prime borrowers. In April 2026, PatientFi published a response saying those claims were inaccurate, that its approval rate is 80%, and that it approves subprime applicants too. Both figures come from interested parties. Since both applications are soft checks, the practical answer is to apply to whichever your provider offers and compare real offers.
Which one should you choose?
PatientFi fits when
- The procedure is expensive, like surgery or IVF
- You want a term longer than five years
- You can clear a 0% promotion on time, or prefer a fixed-rate plan
Cherry fits when
- The treatment is smaller, like injectables
- You want a short split-payment plan
- Your offer shows a simple-interest 0% plan
In practice, your provider decides which platforms are available. If it offers both, apply to both and compare the APR, total cost and whether the promotion is deferred interest.
Frequently asked questions
Is Cherry easier to get than PatientFi?
Cherry says its approval rate is about 90%. PatientFi says its rate is 80%. Neither figure is independently audited. Both use soft checks, so you can compare real offers without harming your credit.
Does Cherry have deferred interest like PatientFi?
Cherry says its 0% APR plans are simple interest, not deferred interest. PatientFi’s 0% promotions are deferred interest. Always confirm on your own offer.