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 £20,000. 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 1 - 24 months.
What credit score do you need for cosmetic surgery?
You do not need a specific credit score to be eligible for cosmetic surgery financing. Although lenders perform a credit check, they also consider other factors when assessing an application, such as the affordability of the cosmetic surgery loan. It means your credit rating isn’t the only thing they assess.
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. Nonetheless, you can still receive cosmetic surgery financing with bad credit.
How to get plastic surgery with bad credit?
People with bad credit can apply for a cosmetic surgery loan to help afford the cost of plastic surgery. Those with bad credit may find it easier to be accepted if they consider taking out a secure or guarantor loan as lenders see these types of loan as less risky.
However, people looking to apply for unsecured cosmetic surgery loans with bad credit can still do so. These loans usually come with higher interest rates and shorter repayment periods.
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?
Flexy 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 1 - 24 months.
Here at Flexy 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 1 - 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, which means you can get cosmetic surgery loans with 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.
What is the best way to finance plastic surgery?
There are multiple ways to finance plastic surgery and ultimately it is down to the discretion of the person paying for the plastic surgery. That is why we have provided some financing options to consider if you’re looking for plastic surgery.
1. Cosmetic Surgery Loan
A cosmetic surgery loan can be a quick and flexible way to help finance plastic surgery. Application for a cosmetic surgery loan using an online lender is quick and simple and can be completed in minutes. Some of the key benefits of a cosmetic surgery loan is the fact that the money can be transferred very quickly, which can speed up the cosmetic surgery process.
2. Save up
If you’re not keen on borrowing money, then the other option is to save up and pay for the plastic surgery upfront. The benefit of this is that you don’t owe any money, which may be a preferred option for some people. However, plastic surgery is notoriously expensive, so saving up can take some time.
3. 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.
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.
How to apply for cosmetic surgery financing 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 1-24 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 Flexy 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 Flexy 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 Flexy 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?
There are various ways to improve your chances of getting the best deal when it comes to medical financing for cosmetic surgery. A healthy credit score is a key to getting a good deal as it proves to the lender that you are reliable and trustworthy.
Having a good credit score can help improve the quality of loan you receive. 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. Flexy Finance only works with reputable lenders that are authorised and regulated by the FCA.
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