Best Cosmetic and Plastic Surgery Loans

What is Cosmetic and Plastic Surgery Financing?

Cosmetic and plastic surgery financing includes loans available to help patients afford cosmetic and plastic surgery procedures. Cosmetic surgery loan options are designed to spread the cost over time, making them more accessible. Financing options for plastic surgery cover elective surgeries like facelifts, breast augmentation, rhinoplasty, liposuction, and reconstructive surgeries following accidents or medical conditions.

Benefits of Financing Your Surgery

Cosmetic and plastic surgery loans make costly surgeries more affordable by allowing patients to spread the expense over a period of time rather than paying the full amount upfront. This makes it easier to manage finances, reducing the financial strain associated with large, one-time payments.

Financing also enables patients to proceed with their desired procedures sooner rather than having to save up for years. This is beneficial for those seeking surgery to boost self-esteem, improve their appearance, or address medical issues that affect their quality of life. By having access to financing, patients can achieve their goals faster, leading to satisfaction and better outcomes.

Popular Cosmetic Procedures Financing

• Body Lift
• Brazilian Butt Lift (BBL)
• Liposuction
• Face Lift
• Rhinoplasty (Nose Job)
• Scar Removal or Revision
• Hair Restoration
• Breast Augmentation

Hidden Costs and Fees Related to Cosmetic and Plastic Surgery

When considering cosmetic and plastic surgery, be aware of potential hidden costs that may add to your overall expense. These may include consultation fees, pre-surgical tests, and separate charges for anesthesia. Facility fees vary depending on whether the procedure is done in a hospital, outpatient center, or private clinic. Expenses might arise from post-surgical care, like follow-up visits, medications, and wound care supplies. If a revision surgery is needed, it can incur additional costs not covered by the original fee. 

For those traveling for surgery, travel and accommodation expenses can add up, and taking time off work for recovery may result in lost income. Post-surgical clothing may be necessary, adding costs. Discussing all expenses with your surgeon during the initial consultation is advisable for a thorough understanding of the total expenses.

Insurance Coverage for Cosmetic Plastic Surgery

Most plastic surgery is not covered by insurance because it is considered elective and performed for aesthetic reasons rather than medical necessity. Procedures like facelifts, breast augmentations, and liposuction fall into this category and are paid out-of-pocket by patients.

Each insurance policy is different, so patients should check with their insurance provider to understand their specific terms and coverage. In some cases, pre-authorization or documentation from a physician demonstrating medical necessity is required for a procedure to be covered

What Are the Different Types of Cosmetic Surgery Loans?

Personal loans or medical credit cards help patients manage cosmetic surgery costs over time with cosmetic and plastic surgery payment plans. Compare terms, interest rates, and repayment options of each to determine the best fit.

• Personal loans: These unsecured loans can be used for any purpose, including financing for cosmetic surgery. They’re offered by banks, credit unions, and online lenders. Personal loans typically have fixed interest rates and repayment terms, with predictable monthly payments. The amount you can borrow and the interest rate you receive from plastic surgery loan providers depends on your credit score and financial history.
• Medical credit cards: These are specialized credit cards for medical expenses, including cosmetic surgery. They often offer promotional financing options, like 0% interest for a certain period, making them an attractive option for those who can pay off the balance quickly. After the promotional period, interest rates can be quite high, so understand the terms and plan. They’re available through various providers and may be offered directly through your healthcare provider's office.

Credit Score Requirements for Surgery Loans

If you have bad credit, securing a loan for cosmetic surgery can be more challenging but not impossible. Some lenders specialize in providing bad credit cosmetic surgery loans 

if your credit is less-than-perfect credit.

• Required Credit Score for Cosmetic Surgery Loans: A credit score of 670 or higher is typically required for cosmetic surgery loans, with favorable terms. Specialized financing companies may accept scores of around 600. 
• Cosmetic Surgery Loans for Bad Credit: Primerates offers financing for cosmetic procedures to enable patients to get timely surgeries. We connect you with lenders who will finance your plastic surgery procedure even if you have bad credit. 

Cosmetic and Plastic Surgery Loans for Your Needs

Modern lenders provide personal Cosmetic and Plastic Surgery Loans tailored to cover various needs, from surgical costs to post-op care. Here’s a detailed review of three leading lenders, highlighting their pros and cons.

LightStream

» MORE: LightStream Personal Loans Review

Avant

Among the internet’s leading lending platforms, Avant offers borrowers with less-than-stellar credit access to loans for HVAC units, whereas most banks would turn these applicants away.

• Loan Amounts — $2,000 to $35,000
• APR — 9.95% to 35.99%
• Origination Fee — 4.75%
• Time to Funding — Next day
• Repayment Terms — 2 to 5 years

Pros & Cons

• Avant is among the best for people with credit scores as low as 580
• This lender charges late fees and administrative fees
• Loan payments are flexible, and you only need an annual income of $20,000 to get approved

NetCredit

NetCredit is an online lender that considers more factors than simply an applicant’s credit score when determining whether or not to issue them a home improvement loan.

• Loan Amounts — $2,000 to $10,000
• APR — 34% to 155%
• Origination Fee — None
• Time to Funding — 1 to 3 days
• Repayment Terms — 6 months to 5 years

Pros & Cons

• NetCredit is a great option for applicants with poor to average credit scores
• Homeowners with decent to excellent credit scores will get better rates elsewhere
• On-time payments with this lender can help homeowners with bad credit improve their scores

Upgrade

Upgrade specializes in low, fixed-rate loans that borrowers can use for major purchases, home improvement, debt consolidation, or to refinance balances on existing credit cards.

• Loan Amounts — $1,000 to $50,000
• APR — 7.99% to 35.89%
• Origination Fee — 1.5% to 6%
• Time to Funding — 1 day
• Repayment Terms — 3 to 5 years

Pros & Cons

• Upgrade loans are a solid option for applicants with below-average to decent credit scores
• Many borrowers choose Upgrade because the lender makes it easy to consolidate debt
• You’re not likely to get approved if you have less than $800 left over at the end of each month

Conclusion

Our online pre-qualification process at Primerates is quick and easy. Complete it and compare multiple lenders. Select the best offer, get approved, get your funds, and schedule your cosmetic surgery. It's that simple.