Skip to main content
A seated individual wearing a gray turtleneck is gently comforted by someone placing supportive hands on their shoulders. The setting appears to be indoors with soft natural light near a couch.
Blog

Breaking the Bank for Hearing Aids? HearingLife's Financing Plan Options Can Help

Contributed by HearingLife

2023-02-06 • 3 min read

Tags • Lifestyle

A dense crowd of people walks along a bustling urban street adorned with red flags. Buildings line each side, creating a lively setting under bright daylight. No text visible.

Hearing loss is a common issue that affects over 1.5 billion people worldwide. It can be a significant barrier to communication and can negatively impact our daily lives. However, with the right hearing aids, it is possible to improve our hearing health and maintain connections with loved ones. The cost of hearing aids can be prohibitively expensive for many people, with prices ranging from $1,900 to $4,200 per ear in Canada. HearingLife offers financing options that make it easier for people to afford quality hearing aids. We offer two convenient financing options for our clients.

How does it work?

Option 1: Short-term interest-free financing - This option is a 3-month 0% financing plan for those who prefer short-term, interest-free financing. To qualify for this plan, clients make a 10% minimum deposit plus a $150 payment plan administration fee. The approval process typically takes about 3 days from the day the application is submitted. For repeat hearing aid purchasers, we offer instant approval with no administrative fee or credit check.

Option 2: 1-5 year low-interest financing - This option is a 1 to 5 year low-interest plan for those who need more time to amortize the cost. Clients make a 10% minimum deposit plus a $150 payment plan administration fee, and the administration fee is waived for repeat hearing aid purchasers. Clients can choose from the following options:

One-year plan: 0.95% interest rate

Two-year plan: 1.95% interest rate

Three-year plan: 2.95% interest rate

Four-year plan: 3.95% interest rate

Five-year plan: 4.95% interest rate

With these financing options, you can afford top-of-the-line hearing aids that were designed to fit your lifestyle at the price of a daily cup of coffee!

At HearingLife, our goal is to ensure that anyone who needs hearing aids can afford them, starting with a FREE hearing test. We understand the importance of hearing well and the positive impact it can have on our daily lives. Improved hearing allows us to enjoy what we love; having conversations with loved ones, enjoying music, listening to the sounds of nature, and overall having an increased awareness of our surroundings.

When a loved one asks us to lend an ear, it is a direct invitation into their lives. In these moments of vulnerability, our opinion just might be the most valuable currency we have to offer. Don’t let hearing loss or the cost of hearing aids be the barrier to being present in the lives of those you love.

At HearingLife, we are committed to making quality hearing aids affordable and accessible to everyone. We believe that hearing well is essential to living a fulfilling life.

If you or a loved one is experiencing hearing loss, please don't hesitate to book a free hearing test now.

Sources

1. Hearing loss (who.int)

 

 

*A comprehensive hearing assessment is provided to adults ages 19 and older at no cost. The results of this assessment will be communicated verbally to you. If you request a copy of the Audiological Report, an administrative fee will apply, excluding Saskatchewan residents. Child hearing tests are conducted at select locations for a fee, please contact us for more information. Offer not available in Quebec. Not applicable for industrial hearing tests. The hearing discount promotion is valid for select premium or advanced hearing aid models and cannot be combined with any other discount. Applies to private sales of premium or advanced hearing aids and discount is applied after any Government funding has been deducted. Discount offer expires 30/04/2026. $25 Coffee Gift Card offer is valid only at participating locations for new clients completing their first hearing test. Limit one $25 gift card per individual. Coffee Gift card will be sent by email in 7–14 days following appointment completion. Offer expires 28/02/2026. We reserve the right to amend or cancel this offer at any time without notice. Some conditions apply, see clinic for details. Offer not valid in Quebec. **90-Day money-back guarantee begins at the date of purchase. If you are not completely satisfied, you can return it within 90 days for a full refund or exchange. ***If you are quoted a lower price on an comparable hearing aid with the same features, options and services, HearingLife Canada Ltd. will match that price. Conditions Apply. Ask our hearing care professionals for more details. 150,000 Doctor referrals based on the all-time number of referrals from general physicians, Ear, Nose & Throat specialists, and medical professionals as indicated by clients on our intake forms. With financing plan, deposit may be required. Borrower must be age of majority and have a Canadian bank account. Financing is available on select core-brand hearing aids and at select HearingLife locations.