Your plastic surgeon can offer internal funding, either in the form of a payment plan or a loan negotiated through a lender. Read our full review of LightStream personal loans to learn more. Read our full review of Upgrade personal loans to learn more. Read our full review of SoFi personal loans to learn more.
Personal credit cards are a popular way to quickly finance plastic surgery. You may have enough credit to cover the cost of the surgery, or you may be able to apply for a new line of credit. This can be an especially attractive option if you open a line of credit with an initial 0% annual rate offer. However, if you exceed the initial offer or finance your plastic surgery with an existing line of credit without such an offer, you could be paying significantly more interest over time. When deciding how to finance your plastic surgery, the most important question is whether surgery is necessary or optional.
Determining how to pay for plastic surgery can be difficult, because the procedure may not be covered by insurance. We've presented some approaches to funding plastic surgery to help you determine what's best for your situation. Online lenders, banks and credit unions offer personal loans for cosmetic or plastic surgery, and each type of lender has different approval requirements and loan characteristics. Like other personal loans, plastic surgery loans are disbursed as lump sums that you repay with interest over the term of the loan, usually two to seven years. You should always check with your insurance provider before applying for a loan to cover the cost of plastic surgery.
This can work just like a payment plan, since it allows you to spread the cost of your plastic surgery without paying interest, as long as you pay in full before that introductory period ends. If the plastic surgery you need is considered medically necessary, it may be covered by health insurance. Cosmetic surgery is often designed to improve appearance; according to the American Society of Plastic Surgeons, the goal of reconstructive surgery is to correct existing problems. If you know that plastic surgery is something you want or need, and if you have room in your budget to save regularly, saving something each month until you have enough to cover the cost is probably the best option.
Some examples of medically necessary plastic surgeries are breast reconstruction after a mastectomy and rhinoplasty if there is damage due to of trauma or illness.
