What Are The Benefits To Financing Plastic Surgery Loans vs Using A Credit Card?
If you’re looking into cosmetic surgery, the largest obstacle is most likely financial. Plastic surgery for procedures such as breast augmentation, tummy tuck, rhinoplasty and facelift are quite costly and not easily afforded by many. There are many fees involved that can include the surgeon’s fee, hospital and facility fees, anesthesia and medications that are all out of pocket expenses not covered by medical insurance. These fees may total between $ 7000 and $ 10,000 and in some cases can even add up to much more.
Two of the most popular and easiest ways to finance cosmetic procedures are with the use of credit cards and plastic surgery loans. Plastic surgery loans are loans tailor specifically for potential cosmetic patients seeking plastic process. Often these companies will work directly with doctors and plastic surgery clinics to help patients in obtaining approval for this kind of financing. There is often a much more personal touch involved in dealing with a company financial representative, and you’re also likely to get quick and easy approval. Many times you can even be approved before leaving from your initial cosmetic consultation visit.
It is usually easier to quality for plastic surgery loans than for other forms of credit, including credit cards, and these types of loans will often qualify you for much larger amounts in comparison to credit card limits. Interest rates are often very similar ranging from an average of 14% to 20%, with some cosmetic surgery financial companies offering rates as low as 8 or 9% for those with excellent credit. You should also look to see if any companies are offering a no interest grace period. You can sometimes find plastic surgery loans at 0% interest for up to 12 months.
Another advantage to surgery loans are the specific repayment terms. These are often set up for periods of 12, 24, 36, 48 or 60 months. In this way, you have a set schedule of minimum payments due until the loan is paid. Credit cards may let you pay less per month, but this will end up costing you much more money in the long run due to extended period of time that interest will keep adding up and will keep you burdened with your cosmetic surgery debt much longer.
If you’re looking to have a surgery, loans are an option to consider for financing your operation. Be sure you are able to take on the amount of debt you are borrowing without it becoming a large financial burden to you. You’ll also need to make sure you are well informed on all terms and conditions of the loan you take out and any additional loan fees that may be attached to the original loan amount. You need to make a well informed decision with the right loan for you and your particular financial situation. If you do, plastic surgery loans are a great financing option and can make your dream of a better body a reality through the innovation of plastic surgery.