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Plastic Surgery Financing

6. Plastic Surgery Financing

When it comes to deciding on whether to move forward with a cosmetic procedure, the cost is one of the most critical factors in the decision-making process. Plastic surgery prices vary wildly by procedure type and location, and it is something that is often weighed heavily when deciding on a cosmetic procedure. 

Financing for plastic surgery has become a popular choice for anyone looking to have a cosmetic procedure and who is open to flexible options available to pay for it. If you are considering plastic surgery and are wondering if financing is right for you, there are some things you’ll want to keep in mind and consider when making your final decision. 

Read on to learn more about plastic surgery financing and how it can help you receive the cosmetic procedure you’ve been planning for. 

Table of Contents

How Much Will My Plastic Surgery Cost?

What Cosmetic Surgeries Can I Finance?

How Do I Finance My Plastic Surgery?

Do I Need Good Credit to Finance Plastic Surgery?

Is Financing My Cosmetic Procedure Worth It?

How Much Will My Plastic Surgery Cost?

The most important part of doing your due diligence when deciding on your cosmetic procedure is obviously choosing an accredited and experienced surgeon. The second most important thing is to understand the costs associated with your procedure. 

The cost of plastic surgery will depend on several factors. Every doctor and hospital will have different rates for different procedures, and your location can impact the overall costs as well. 

While you can call and obtain an estimate for surgery over the phone in many cases, you must remember that the final expense is not determined until you go in for your surgical consult. An estimate can give you a general idea of what to expect, but to begin deciding on your options for financing and payment, you will need to know the exact amount of your plastic surgery procedure. 

To give you an example of how much pricing can vary for a cosmetic procedure, a breast augmentation in New York City may be as low as $4000 and as high as $10,500, with an average cost of $6,700. 

In Canada, the cost of a tummy tuck, or abdominoplasty, can range anywhere from $8500 to $11,000, with prices set by the individual surgeon themselves. 

To know for certain what your plastic surgery procedure will cost, you will need to schedule a complete surgical consultation and discuss your unique surgery with your doctor. 

It is also important to make sure you are accounting for all the expenses associated with your elective procedure. You will also be responsible for the fees for the anesthesiologist, hospital fees, and other related expenses. 

What Cosmetic Surgeries Can I Finance?

Due to the high costs associated with plastic surgeries and the fact that they are elective procedures, in most cases, you will be expected to pay for your surgery prior to your appointment. 

Financing for cosmetic procedures is generally reserved for surgical interventions and cosmetic dentistry procedures. Just like every surgeon will have different rates for their procedures, financing companies will also have their own terms and qualifications for financing. 

However, you are likely to find that most financing companies will finance:

  • Breast Augmentation
  • Mommy Makeovers
  • Rhinoplasty (Nose Job)
  • Rhytidectomy (Face Lift)
  • Brazilian Butt Lift
  • Abdominoplasty (Tummy Tuck)
  • Cosmetic Dentistry (Veneers and Smile Makeovers)
  • Liposuction
  • Weight Loss Surgeries 

How Do I Finance My Plastic Surgery?

Financing your plastic surgery works much like any other personal loan you might take out for a large or unexpected expense. The application process will resemble that of any major line of credit. 

This process includes collecting your personal information, including your Social Security number, in order to run a credit check. Your credit score will ultimately determine which, if any, financing options are available to you. 

Once you are approved for your plastic surgery loan, you will be able to discuss the terms and payment plan that best fits your lifestyle and your budget. Make sure that the monthly payment you agree to is one that you can make comfortably every month, as missed or delinquent payments will negatively affect your credit score. 

The interest rate, term length, and origination fees will along with the total amount you are financing will all play a role in what your monthly payment amount will be. 

Once your loan is secured, the financing company covers your surgical expenses in full, and you can receive your plastic surgery and recover without worrying about the cost of your procedure. You will then begin making your monthly payments as arranged to your loan provider. 

Be sure to read over the terms of your plastic surgery financing carefully so that you understand your obligation and are aware of any early repayment penalties that may occur should you decide to pay your loan off early. 

Do I Need Good Credit to Finance Plastic Surgery?

Anytime you seek out a line of credit of financing option, your credit directly impacts the likelihood of you being approved. Bad credit may result in you being denied for financing, while excellent credit can get you a lower interest rate and a higher loan amount. 

You also want to keep in mind that applying to multiple financing companies will produce a hard inquiry with each application, lowering your existing credit score and possibly lowering your chances for approval. 

Your credit score will determine your approval, your interest rate, your down payment, whether you need a cosigner, as well as the final loan amount. It is a good idea to request an updated copy of your credit report before looking into your financing options to know what your credit score is and what your options might be.

Your best course of action is to do your due diligence and to find a reputable financing company with clear terms and eligibility requirements. Oftentimes, you can speak to a loan officer before applying to make sure all your questions are answered. 

Is Financing My Cosmetic Procedure Worth It?

Having a cosmetic procedure can offer many benefits. Whether it is improved self-confidence, achieving better physical health, weight loss, or a better mental state, there is no denying what being able to have the plastic surgery you want can do for you.

It is oftentimes the upfront expense of these elective procedures that hinder so many people from achieving their goals with plastic surgery. Financing can be the perfect solution to covering those expenses and being able to proceed with your surgery. 

As long as you qualify and are confident in your ability to make your monthly payments and do your research, you will find that financing plastic surgery is a viable, flexible, and realistic way to approach the cost of plastic surgery.

The Beautifi team is always here to help when choosing a surgeon or financially planning for a cosmetic procedure. Learn how our process works or fill out an application to start your procedure journey!