We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What Are the Different Types of Cosmetic Surgery Loans?

Gerelyn Terzo
Updated May 17, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

Enhancements to one's appearance can be desired for a number of reasons and may be accomplished with plastic surgery. Health care providers do not typically cover the cost for these procedures unless there is some underlying medical condition driving the change. Cosmetic surgery loans can be obtained for qualifying applicants in the form of bank loans, credit cards, and specialized credit designed for medical procedures. The interest rates on these loans may be higher versus a traditional line of credit.

Financial companies that specialize in providing financing for plastic surgery procedures, including liposuction, breast augmentation, and angioplasty, may be found on the Internet. Providers may also extend loans for lip surgery, hair removal, and face-lifts. Lenders may partner with a surgeon's office, and a doctor may only accept financing from certain financing companies. Often, marketing material on these providers can be found in the doctor's office. Identifying a surgeon first before pursuing financing is recommended.

Cosmetic surgery loans are typically nonsecured lines of credit. In the event that the borrower defaults on a loan, the financing company has little recourse with no assets to repossess. Borrowers can expect to pay higher interest rates as a result given that the lender is inheriting risk for the loan.

Delayed interest financing may be an attribute of cosmetic surgery loans. Financing for these types of loans may waive interest for the first several months or years of the agreement. In the event that the borrower is able to repay the loan in full before interest payments kick in, high interest payments can be avoided altogether. Lenders identify the types of plastic surgery that are covered with these kinds of cosmetic surgery loans.

Extended payment plans where borrowers repay a specific amount to the lender each month for a predetermined period of time may also be offered. Lenders may apply a finance charge to the total balance. Loan applications should outline the fee schedule. Providers may tack on high penalties for late payments of even one day or for extending a balance over the credit limit.

The amount of money that a borrower can obtain through cosmetic surgery loans depends largely on the credit history of the patient. A percentage of a plastic surgery procedures may be financed, or the entire amount may be allowed. Interest rates on loans for individuals with blemished credit are higher versus loans extended to people with good credit.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Gerelyn Terzo
By Gerelyn Terzo
Gerelyn Terzo, a journalist with over 20 years of experience, brings her expertise to her writing. With a background in Mass Communication/Media Studies, she crafts compelling content for multiple publications, showcasing her deep understanding of various industries and her ability to effectively communicate complex topics to target audiences.
Discussion Comments
Gerelyn Terzo
Gerelyn Terzo
Gerelyn Terzo, a journalist with over 20 years of experience, brings her expertise to her writing. With a background in...
Learn more
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.