Personal Loans for Plastic Surgery & Other Cosmetic Surgery Financing Options

Undergoing plastic or cosmetic surgery doesn’t just have an impact on your looks, it can also impact your finances.

If your insurance doesn’t cover cosmetic procedures, such as breast augmentation, and you don’t have enough on hand to cover the expenses, there are many plastic surgery loans for you to consider—and the best for you will depend on your situation.

On this page:

• Personal Loans for Plastic Surgery
• How Much Does Plastic Surgery Cost?
• Alternatives to Cosmetic Surgery Loans

Personal Loans for Plastic Surgery

Compare Plastic Surgery Loans

• Fixed-rate loans starting at 5.95%
• Loan amounts from $5,000 – $100,000
• Funds available as soon as the same day

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• Fixed-rate loans starting at 7.99%
• Loan amounts from $1,000 – $35,000
• Funds available as soon as the next day

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• Rates are typically between 8.41% and 35.99% APR¹
• Funds can be received in as fast as one business day
• A minimum credit score of 600 in most states

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There are quite a few companies out there offering personal loans for plastic surgery expenses. Some lenders may brand their personal loans specifically as medical loans.

Unsecured personal loans don’t require collateral, but you will usually need a good or excellent credit score to be approved for a low rate.

If your credit score doesn’t measure up, you might qualify for a secured personal loan or a bad credit loan. A secured loan is typically collateralized by property, however, and bad credit loans have high interest rates that may not be worth it.

Here are some specific lenders you may want to consider.

LightStream

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Rates (APR)

5.95% – 19.99%
with AutoPay

Loan Amounts

$5,000 – $100,000

Credit Score

660+

LightStream offers personal loans with low rates, no fees, and a Rate Beat program in which they will beat any rate a competitor offers by 0.10 percentage points. If a good credit score, LightStream is a great option for financing cosmetic surgery.

• Credit score category: Excellent, good
• Soft credit pull to check rates: Not available
• Deposit time: As soon as the same day
• Origination fee: 0%
• Late fee: None
• Discounts: 0.50% for enrolling in autopay
• Repayment terms: 24 – 84 months

Upgrade

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Rates (APR)

7.99% – 35.97%

Loan Amounts

$1,000 – $35,000

Credit Score

620+

Upgrade is a great option for borrowers with credit scores of 620 or higher, as well as those that need smaller loans. You can check rates without affecting your credit score and eligibility is based more on free cash flow as compared to other lenders.

• Credit score category: Fair, bad
• Soft credit pull to check rates: Yes
• Deposit time: As soon as the next day
• Origination fee: 2.9% – 8%
• Late fee: $10
• Repayment terms: 36 or 60 months

Upstart

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Rates (APR)

8.41% – 35.99%¹

Loan Amounts

$1,000 – $50,000²

Credit Score

600+

Upstart is an online lending platform that partners with banks to provide personal loans that can be used for almost anything. Upstart’s lending model considers education, employment, and many other variables when determining eligibility.³ This model leads to 27% more approvals and 16% lower rates than traditional models.⁴

• Credit score category: Fair, bad
• Soft credit pull to check rates: Yes
• Deposit time: As fast as one business day
• Origination fee: 0% – 8%
• Late fee: $15 or 5% of payment
• Repayment terms: 36 or 60 months

How You Repay a Personal Loan for Cosmetic Surgery

When taking out a loan, you receive the money upfront and pay back the loan in monthly installments. You are responsible to pay back both the principal balance as well as any accrued interest.

Typically, a repayment term ranges from two years to five years. Some lenders allow you to repay the loan early, but make sure they don’t charge any prepayment fees for doing so.

The total cost of a plastic surgery loan is going to depend on the APR attached to the loan. If you have an excellent credit score, you have a much better chance of obtaining a personal loan with a low interest rate.

If your score is less than perfect, your APR might reach double digits. Some lenders charge an origination fee adding to the overall cost. You should try to choose a lender that doesn’t charge an origination fee to lower the overall cost of your loan.

How Much Does Plastic Surgery Cost?

Plastic and cosmetic surgery aren’t cheap. In the table below, you can see what the average surgeon/physician fee is for certain common procedures according to a study conducted by American Society of Plastic Surgeons.

Alternatives to Plastic or Cosmetic Surgery Loans

If a plastic surgery loan isn’t right for you, check out some alternatives below.

Medical Payment Plans

Some doctors will set up interest-free payment plans customized to a patient’s budget. On the plus side, you save on interest and fees, and a missed or late payment won’t show up on your credit report. However, if you don’t pay your bill, the doctor might use a collection agency or sue you, both of which will appear on your credit report.

Medical Credit Card or 0% Intro APR Card

Medical credit cards are meant to pay for medical care only. Some offer 0% financing if you repay within a set time period. If you miss the deadline, you will retroactively owe interest for the period.

While doctors often broker these credit cards, you should be careful as there have been reports of doctors signing up patients to these cards without their knowledge.

An alternative option would be a 0% APR credit card. Like medical credit cards, interest does not start accruing on your balance for a set period of time. Using one of these is a viable option if you can pay off the balance in that time period. If not, the high interest rates could end up making this one of the most expensive options.

Savings

If you don’t currently have the money on hand to pay for a cosmetic procedure, you might be able to save up for the cost by pushing back the date you have the procedure.

Recap of Personal Loans for Plastic Surgery

If you’ve decided that taking out a personal loan for plastic surgery is the right move for you, here is a recap of lenders you may want to consider:

¹The full range of available rates varies by state. The average 3-year loan offered across all lenders using the Upstart platform will have an APR of 15% and 36 monthly payments of $33 per $1,000 borrowed. There is no down payment and no prepayment penalty. Average APR is calculated based on 3-year rates offered in the last 1 month. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

²Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Loans are not available in West Virginia or Iowa. The minimum loan amount in MA is $7,000. The minimum loan amount in Ohio is $6,000. The minimum loan amount in NM is $5100. The minimum loan amount in GA is $3,100.

³Although educational information is collected as part of Upstart’s rate check process, neither Upstart nor its bank partners have a minimum educational attainment requirement in order to be eligible for a loan.

⁴As reported by the Consumer Financial Protection Bureau, based on an internal Upstart study which compares outcomes from Upstart’s underwriting and pricing model against outcomes from a hypothetical model that uses traditional application and credit file variables and does not employ machine learning (traditional lending model).