Everything You Need To Know
What Is Cosmetic Surgery Financing?
Cosmetic surgery financing is essentially a personal loan that can be used to help finance cosmetic surgery procedures that are not covered by the NHS or insurance plans. They are quick and easy to use and can be accessible to people who have both good and bad credit scores.
How much does cosmetic surgery cost in the UK?
According to the NHS, the cost of cosmetic surgery can vary anywhere between £100 to £5,000. Non-surgical procedures usually cost below £1000 such as, botox injections and lip fillers. Whereas surgical procedures such as breast enhancement and liposuction, can cost thousands of pounds as the surgery is more complicated to undertake.
How does cosmetic surgery financing work?
A cosmetic surgery loan is when you borrow an agreed amount of money from a lender, and repay the outstanding debt and accrued interest, via monthly instalments. Upon approval, the money is transferred directly into your account, and is used to spread the cost of cosmetic surgery into affordable monthly payments.
Can you get cosmetic surgery on finance?
Yes, you can get cosmetic surgery on finance. Loans for cosmetic surgery can be used to cover liposuction, breast enlargement, facelifts, botox, tummy tucks, nose jobs, and many more procedures. By using a cosmetic surgery loan, you can spread the upfront cost of these treatments from 12 - 24 months.
What credit score do you need for cosmetic surgery?
You will not need a specific credit score for cosmetic surgery financing. There are loan plans available which are suitable for people with good credit and for people with poor credit. It is likely that those with bad credit will be limited to the loans that they’re accepted for and may be subject to pay higher rates of interest.
How can I get plastic surgery with bad credit?
You can still borrow plastic surgery loans with bad credit by either taking out a secured or guarantor loan. These types of loans are specifically designed to be used by people who may have poor credit, as they can provide greater security for the lender.
For a guarantor loan, you will need someone who will be able to repay your loan if you are unable to make any repayments yourself.
Do you have to pay for cosmetic surgery upfront?
Generally, you will have to pay for cosmetic surgery upfront as it is rarely covered by the NHS. Some plastic surgery companies provide their own cosmetic financing scheme, but this may only be available to people with good credit.
Alternatively, by taking out a personal loan you can spread the cost of an upfront payment over a fixed period of months. You repay the loan and any interest accrued. This can help alleviate the burden of losing lots of money at once, making the payment much more manageable.
Those who have bad credit may want to consider going to a broker, who work with lenders who can offer a variety of loan options for people with good and bad credit.
Why choose us for your cosmetic surgery financing?
iThink Finance work’s with a panel of the top UK lenders, who can offer instant decision cosmetic surgery loans for anyone who needs it, even if you have bad credit. We offer personal loans from £100 - £5,000 with a flexible repayment period of 12 - 24 months.
Here at iThink Finance, we recognise that not everybody in the UK has the luxury to afford cosmetic surgery. We also understand that not everybody has a good enough credit history to help finance it. We also believe that you shouldn't be limited by circumstance. As a credit broker, we work with a distinguished panel of lenders who offer a variety of cosmetic surgery loans in the UK.
- By being able to choose between £100 - £5,000 and a repayment plan ranging between 21 - 24 months, you can have a loan that is tailored to the cosmetic procedure that you want.
- Our application process is designed to be user friendly and compatible on a computer and on your phone. That way, you can apply while you’re on the go or from the comfort of your own home.
- We want what is best for you, the customer. That’s why we work with a panel of lenders who share our mindset and are driven to help you achieve your goals.
What are the benefits of cosmetic surgery financing?
Cosmetic surgery in the UK is carried out by independent organisations who often charge thousands of pounds for their services. The obvious benefit of a loan is that it can be used to pay for the procedure. However, there are many other reasons why people take out cosmetic financing:
Benefits of cosmetic surgery loans
• Affordable monthly instalments
Paying for cosmetic surgery in a lump sum can leave you without a lot of money very quickly. By spreading the cost of plastic surgery via monthly instalments, you can make the cost much more manageable.
• Pay for quality
Cosmetic surgery is a life changing decision, so should be performed by a top quality surgeon. A loan can help ensure that you can afford the very best plastic surgeon and ensure you get a safe and successful procedure.
• No need to save up
Rather than waiting for years to save up for surgery, by taking out a personal loan you can speed up the process. By reducing the saving period, it will allow you to access private cosmetic surgery procedures much more quickly.
• The loan is tailored to you
As you get to choose how much money you need and how long you need to repay it, you can choose a payment plan that suits you. This means you can tailor your loan to the specific cosmetic surgery that you need.
• Available for bad credit
Finance plans provided by cosmetic surgery organisations can be very exclusive and often require you to have a very good credit rating. In comparison, a cosmetic surgery loan is much more universal, so is available to people with both good and bad credit.
• Flexible loans
The flexible nature of personal loans means that they can be used to finance many different forms of cosmetic surgery procedures. Therefore, you have greater control on how you would like to spend your loan, unlike other types of financing which can be much more restrictive.
• Variety of loans
Lenders offer a variety of loans for cosmetic surgery finance, such as secured and unsecured loans, as well as guarantor and no-guarantor loans. This can help increase your chances of being accepted for a loan if you have a bad credit score.
Uses Of Cosmetic Surgery Loans
Since it is a non-compulsory process, cosmetic surgery is not normally covered by health insurance. So, in order for you to receive your dream treatment comfortably and affordably, there are several different ways that you can receive medical financing for cosmetic surgery. Cosmetic surgery loans can be used for a variety of different surgical and nonsurgical procedures, but the most popular of treatments are detailed below.
What Surgeries Are Covered Under Cosmetic Surgery Financing?
Our cosmetic surgery loans can be used for any cosmetic surgery procedures. However, research shows that the following are the most popular in the UK:
• Breast Augmentation
Breast augmentation, also technically referred to as augmentation mammaplasty, is a surgical procedure that involves the use of breast implants or the transference of fat as a way of increasing breast size.
Liposuction is more commonly known abbreviated as ‘lipo’ by a lot of people.
This process is by which some of the patient’s excess body fat is removed from different areas of their body to improve body shape and proportion.
• Nose Job
A nose job or a nose reshaping’s technical term is called a rhinoplasty. This treatment is undergone by patients who want to change the shape of their nose. This can involve reducing the size of your nose or even increasing it.
• Tummy Tuck
A tummy tuck is also known as an abdominoplasty and involves eliminating excess fat and skin from your abdomen, in aid of tightening the muscles in your abdomen.
The clue is in the name. A facelift is a surgery that involves the lifting of your skin or underlying muscle for the purpose of tightening the face skin and smoothing wrinkles.
Your Cosmetic Surgery Financing Options
The majority of cosmetic surgery treatments are elective, which means that you will be required to fund your treatment yourself. It’s not all bad though - due to the increasing popularity of cosmetic surgery in the UK, there are plenty of available finance options available on the market for you to choose from. So if you are wondering how to finance cosmetic surgery, below are some options for you to consider.
1. Medical Loans
Cosmetic surgery treatments can be fairly expensive, with a single botox injection costing on average around £250, and face-lifts costing around the £4,000 mark. Therefore, it can be quite difficult to save up enough to afford the treatments you want. Luckily, medical loans for cosmetic surgery give you the opportunity to pay for your treatments affordably, and at your own pace. Our medical loans give patients the ability to receive their cosmetic surgery now without having the full amount of money upfront.Read More »
We put our customers first by creating products that are flexible and affordable. Customers can repay their loan in easy to manage monthly instalments, with no fees attached. Receive the best cosmetic surgery financing with iThink Finance today!« Show Less
2. Credit Cards
You may even decide to opt for a 0% interest credit card to pay for your cosmetic surgery treatments. There are several credit cards that offer an introductory interest free period, so depending on your credit history, and your ability to get a hold of one of these cards, this may be a good option.Read More »
However, it is also important to bear in mind that this particular type of credit card will only be 0% interest for a limited amount of time, so if you are unable to repay your balance before the period ends, you are likely to face high charges.« Show Less
3. Medical Credit Cards
Medical credit cards are a fairly new introduction. They are a specialised type of credit card that are issued by your medical service provider. However, if you don’t have good credit, then these may be difficult to get your hands on. As well as this, the majority of medical credit cards offer short repayment terms and therefore, do not offer the same flexibility and affordability that you would otherwise receive with cosmetic surgery loans.
How Do Our Loans Work?
If you are looking to receive cosmetic surgery financing with us, then you might be wondering how the application process works. We’ve made sure that applying for our loans are simple and quick so that you can receive your medical treatments without delay. If you want to receive cosmetic surgery finance apply online with our step-by-step process below.
1. Choose Your Financing Plan
You have the freedom of deciding how much you want to borrow and for how long. We want to make sure that we accommodate for everyone and their individual circumstances which is why we offer loans from £100-£5,000, with repayment periods of 12-24 months. So, if you want to pay smaller monthly installments over a longer period, you can do so!
2. Fill In Our Online Form
After you have decided on your plan, you will be required to provide some details on our online form. These will be things that you should know off the top of your head so don’t worry about rummaging through old documents to find the relevant information! The following details are needed.
• Forename and surname
• The purpose of your loan
• Date of birth
• Email address
• Contact number
• Marital status
• Number of dependants
3. Receive An Instant Decision
We take customer satisfaction very seriously. This is why we made sure that you receive an instant decision on your loan. You should know whether you have been accepted or not within seconds of providing the above information! We work with a panel of some of the top UK lenders within the industry, to find the best cosmetic surgery financing for you.
4. Repay Your Loan
Now that you have been accepted for your loan, you should receive the money directly into your account within just 24 hours! After this, you will continue to pay off your loan balance in affordable and flexible monthly installments that you have previously agreed with the lender.
Am I eligible for cosmetic surgery loans?
If you want to apply for cosmetic surgery loans with iThink Finance, you have to meet the following requirements:
- You are a UK resident.
- You are employed and earn a minimum of £800 a month.
- You have a UK bank account and an operational debit card.
- You are 18 years old or over.
However, there are also criteria that you must qualify for if you want to receive the best cosmetic surgery financing. Whilst most cosmetic surgeries require that you are at least 18 years of age, this can vary depending on what type of treatment it is, as well as the risks involved.
Frequently Asked Questions
When considering cosmetic surgery, you are bound to accumulate an endless list of questions that you need answered to ensure that it is the right option for you. This is why we have rounded up the most popular cosmetic surgery financing questions and answered them for you!
Can I get cosmetic surgery loans with no credit check?
No. All loan applications require, by law, that you have a credit check. This is why you should steer clear of websites that say they offer cosmetic surgery financing no credit check.
Am I a good candidate for cosmetic surgery?
If you are looking to receive medical financing for cosmetic surgery, you are likely to be an ideal candidate if you are healthy, pose small risks, and have realistic expectations. However, if you suffer from more serious health issues such as diabetes, heart disease, depression, or obesity, there could be complications.
Discussing health and lifestyle habits with your surgeon would be a good place to start. This way your surgeon can make the necessary assessments to decide whether you are fit for your particular surgery or treatment.
Is there a difference between cosmetic and plastic surgery?
Cosmetic and plastic surgery are both means for improving a patient’s body or face. However, they differ in terms of the training, research, and goals of the surgery.
Whilst cosmetic surgery aims to enhance a patient’s appearance, plastic surgery is reconstructive and is dedicated to amending dysfunctional areas of the body such caused by birth disorders or disease.
How much does cosmetic surgery cost?
There are several different factors that can go into determining the cost of a cosmetic surgery procedure. With that said, prices have significantly reduced in recent years due to technological advancements.
There are also plenty more cosmetic surgery financing options available. This can make cosmetic surgery financing a great deal more affordable, as well as flexible.
Is cosmetic surgery safe?
Cosmetic surgery has been proved to be predominantly safe, but all surgeries carry some risks, and cosmetic procedures are no exception.
Complications may reveal themselves during the surgery, and even potentially during the recovery period. This is why it is so important to minimise any risks by reviewing the qualifications of the surgeon and the facility of which will be performing it.
How long will I have to be in recovery?
For most people and for the majority of cosmetic surgery procedures, the recovery period lasts between 10-14 days. However, the duration does depend on factors such as age, health, skin quality, genetics, and the actual procedure itself.
I don't know how to finance cosmetic surgery. What are my cosmetic surgery financing options?
With an increased demand for cosmetic surgery procedures, there is now a large availability of cosmetic financing companies, such as iThink Finance, that have been created to support your cosmetic surgery needs when health insurance cannot.
So, if you are keen to receive some cosmetic surgery treatments but are looking for ways to make it more affordable, cosmetic surgery financing with iThink Finance is a practical and flexible option.
However, before considering cosmetic surgery financing options, you should do your research to find out the details of your procedure so that you can get a rough idea on how much it is going to cost. Since factors such as surgery location, plastic surgeon qualifications, and techniques affect the overall cost of the surgery, you should aim to find out this information first. Following this, be sure to carefully assess the agreement terms, interest rates and repayment options before committing to anything.
I need medical financing for cosmetic surgery. How do I get the best deal?
To receive the best cosmetic surgery financing, there are a few things you can do to ensure you get the best deal. The most important thing when applying for a loan in general is healthy credit. Your credit history and rating play an important role in the application process, and the lender is likely to accept or reject you depending on how good or bad your rating is. So, make sure you are paying bills on time, avoiding too many credit card applications, and paying off previous debt.
Apart from maintaining healthy credit, you should do your research and compare what's on the market. Look at things such as representative APR and repayment terms and make an informed decision on which one is best suited to you.
Can I get cosmetic surgery loans for poor credit?
There is no such thing as guaranteed cosmetic surgery financing for bad credit uk. However it is still possible to receive financing with a less-than-impressive credit score. Since we work with a panel of the top UK lenders, there is a higher chance of you being accepted for one of our loans.
What can I use cosmetic surgery financing for?
Cosmetic surgery financing is very flexible and can be used for surgical and non-surgical cosmetic procedures, as well as dental treatment. It is considered as a faster way to fund cosmetic surgery for those who can’t afford treatment or do not want to spend years saving.
Are cosmetic surgery loans regulated?
Yes, cosmetic surgery financing is regulated. We are an authorised and regulated credit broker and are entered on the Financial Conduct Authority register. iThink Finance only works with reputable lenders that are authorised and regulated by the FCA.