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Best Plastic Surgery Financing Options of 2024
BEST OVERALL PLASTIC SURGERY LOAN
SoFi®
4.0
Our ratings take into account loan cost, loan details, eligibility and accessibility, customer experience and application process. All ratings are determined solely by our editorial team.
Minimum Credit Score
650
APR range
8.99% to 29.99%
with autopay
Loan amounts
$5,000 to $100,000
Via Credible.com’s Website
650
8.99% to 29.99%
with autopay
$5,000 to $100,000
Editor’s Take
SoFi is an online lending platform that offers unsecured fixed-rate personal loans in every state. Founded in 2011, SoFi has extended over $50 billion in loans and stands out for allowing high loan amounts and its availability of extended loan terms.
Loans are available from $5,000 to $100,000, making SoFi a great option for those with excellent credit who need to borrow a large amount of money. Loan amounts available may vary by the state you live in. Repayment terms range from two to seven years, making SoFi an incredibly flexible option for those with sufficient credit (minimum 650) and annual income (at least $45,000). SoFi also lets prospective borrowers submit joint applications—although co-signers are not permitted.
Approved borrowers are rewarded with comparatively low APRs. What’s more, SoFi doesn’t charge origination fees, late fees or prepayment penalties—a stand-out feature because personal loan lenders often charge origination or late payment fees at a minimum.
However, if you’re considering a debt consolidating loan from SoFi, keep in mind that the lender does not offer direct payment to a borrower’s other creditors. This means the loan proceeds will be deposited to your bank account and you’ll have to pay off your other lenders individually. The platform does offer customers a number of other perks and discounts.
Pros & Cons
- Prequalification with soft credit check
- Funding in as little as one to two days
- High loan amounts and lengthy terms
- Does not offer direct payment to third-party creditors for debt consolidation
- Some applicants report difficult qualification standards
- Co-signers are not permitted
Details
Eligibility:
- Minimum credit score required: 650
- Minimum annual income: $45,000
- Co-signers not permitted
Loan uses:
- Medical expenses
- Credit card consolidation
- Home projects
- Moving costs
BEST FOR LOW INTEREST RATES
LightStream
4.0
Our ratings take into account loan cost, loan details, eligibility and accessibility, customer experience and application process. All ratings are determined solely by our editorial team.
Minimum Credit Score
660
APR range
7.49% to 25.49%
with autopay
Loan amounts
$5,000 to $100,000
Via Credible.com’s Website
660
7.49% to 25.49%
with autopay
$5,000 to $100,000
Editor’s Take
LightStreamoffers loans with both a low minimum and maximum interest rate, along with a rate-beat program. LightStream’s unsecured personal loans range from $5,000 to $100,000 with loan amounts varying based on the loan purpose. In addition to offering appealing and flexible terms, LightStream charges no origination, late payment or prepayment fees. The lender also offers a 0.50% rate discount for borrowers who enroll in autopay.
Pros & Cons
- No origination, prepayment or late fees
- Low, competitive rates
- Fast approval and funding
- No prequalification process
- No due date flexibility
- Limitations on use of loan proceeds
Details
Eligibility:
- Applicants should have several years of credit history
- Minimum credit score: 660
- Can’t prequalify
Loan uses:
- Large expenses
- Finance land, timeshares and tiny homes
- Home project
BEST FOR FAST FUNDING & BELOW-AVERAGE CREDIT
LendingPoint
4.0
Our ratings take into account loan cost, loan details, eligibility and accessibility, customer experience and application process. All ratings are determined solely by our editorial team.
Minimum Credit Score
600
APR range
7.99% to 35.99%
with autopay
Loan amounts
$2,000 to $36,500
Via Fiona.com’s Website
600
7.99% to 35.99%
with autopay
$2,000 to $36,500
Editor’s Take
LendingPoint is an online lender based in Atlanta that offers personal loans to prospective borrowers in 48 states and Washington D.C.; it does not offer loans in Nevada and West Virginia. Prospective borrowers in eligible states can apply online and benefit from quick funding.
LendingPoint personal loans range from $2,000 to $36,500; Georgia loans have a minimum loan amount of $3,500. Repayment terms range from 24 to 72 months—or two to six years.
There are two main disadvantages to LendingPoint: high maximum APRs and origination fees. While you can typically avoid high APRs by maintaining a high credit score, LendingPoint origination fees (up to 10%) depend on the state you live in.
Pros & Cons
- Quick funding
- Low credit score requirements
- No prepayment penalty
- Origination fee up to 10%
- Co-signers or joint loans not permitted
- Not available in Nevada and West Virginia
Details
Eligibility:
- Minimum credit score: 600
- Must live in a state other than Nevada or West Virginia
- Doesn’t allow co-signers or co-applicants
Loan uses:
- Debt consolidation
- Home project
- Medical expenses
Upgrade
3.5
Our ratings take into account loan cost, loan details, eligibility and accessibility, customer experience and application process. All ratings are determined solely by our editorial team.
Minimum Credit Score
580
APR range
8.49% to 35.99%
Loan amounts
$1,000 to $50,000
Via Credible.com’s Website
580
8.49% to 35.99%
$1,000 to $50,000
Editor’s Take
Upgrade was launched in 2017 and provides accessible online and mobile credit and banking services. Since that time, the platform has made more than $3 billion in credit available to over 10 million applicants and continues to expand its online and mobile services. Although maximum APRs are on the high end compared to other online lenders, Upgrade makes loans available to those with poor credit history.
Loans amounts, which range from $1,000 to $50,000. Upgrade has two- to seven-yearterms available. Upgrade charges an origination fee between 1.85% and 9.99% of the loan, and borrowers will encounter a $10 fee if their payment is more than 15 days late or if the payment does not go through; there are no discounts for autopay. That said, Upgrade borrowers are not subject to a prepayment penalty, so you can reduce the overall cost of the loan if you’re able to pay it off early.
Beyond offering accessible personal loans, Upgrade streamlines the lending process with a mobile app that lets borrowers view their balance, make payments and update personal information. Upgrade’s Credit Heath tool also makes it easy to track your credit score over the life of your loan.
Pros & Cons
- Low minimum credit score requirement
- Borrowers can use loans to cover business expenses
- Offers direct lender payoff for debt consolidation loans
- High APR range
- Charges fees for origination, late payment and insufficient funds
Details
Eligibility:
- Minimum credit score: 580
- No minimum income requirement
- Allows co-applicants
Loan uses:
- Debt consolidation
- Home projects
- Large expenses
- Business expenses
BEST FOR COMPARING MULTIPLE OFFERS
Universal Credit
3.5
Our ratings take into account loan cost, loan details, eligibility and accessibility, customer experience and application process. All ratings are determined solely by our editorial team.
Minimum Credit Score
580
APR range
11.69% to 35.99%
Loan amounts
$1,000 to $50,000
Compare Rates
Via Credible.com’s Website
580
11.69% to 35.99%
$1,000 to $50,000
Editor’s Take
Universal Credit is an online lending platform that offers personal loans between $1,000 to $50,000 through its partners. Repayment terms range from three to seven years.
While Universal Credit makes finding a personal loan accessible even to those with damaged credit, it comes with a few tradeoffs. First, it charges high APRs, well above the most competitive rates seen on our list. Second, Universal Credit charges a 5.25% to 9.99% origination fee on all personal loans. Because this is deducted from your loan proceeds, you’ll need to factor this in when determining your loan amount to ensure you receive the necessary amount after the fact.
Pros & Cons
- Flexible qualification requirements
- Next-day funding
- No prepayment penalty
- High APRs
- All personal loans charge a 5.25% to 9.99% origination fee
Details
Eligibility:
- Minimum credit score: 580
- Minimum income requirement: Does not disclose
- Doesn’t allow co-signers or co-borrowers
Loan uses:
- Debt consolidation
- Large expense
- Home project
BEST FOR NO INTEREST IF REPAID WITHIN 30 DAYS
Discover
3.5
Our ratings take into account loan cost, loan details, eligibility and accessibility, customer experience and application process. All ratings are determined solely by our editorial team.
Minimum Credit Score
660
APR range
7.99% to 24.99%
Loan amounts
$2,500 to $40,000
Learn More
Read Our Full Review
660
7.99% to 24.99%
$2,500 to $40,000
Editor’s Take
Discover is an online bank that also offers customers credit cards, retirement solutions and personal loans in all 50 states. As a lending platform, Discover stands out because of its online application and mobile banking tools, well-reviewed customer support team and quick funding.
In general, loans are available from $2,500 to $40,000 and may be issued for between three and seven years. So, while borrowers may get a larger loan from another lender, the repayment terms are fairly flexible. Discover charges a late payment fee and does not offer an autopay discount; however, it does not charge any origination fees or prepayment penalties, making it competitive with other top personal loan providers.
Pros & Cons
- Option to pay off creditors directly
- No origination fees or prepayment penalties
- Directly pays creditors
- Charges late fees
- Low maximum loan amount
Details
Eligibility:
- Minimum credit score: 660
- Minimum household income: $25,000
- Doesn’t allow co-signers or co-borrowers
Loan uses:
- Medical bills
- Business expenses
- Home renovation
Summary: Best Plastic Surgery Financing Options of 2024
| Company | Company - Logo | Forbes Advisor Rating | Forbes Advisor Rating | Minimum credit score | APR range | Loan amounts | Learn More CTA text | Learn more CTA below text | Learn More |
|---|---|---|---|---|---|---|---|---|---|
| SoFi |  | 4.0 |  | 650 | 8.99% to 29.99% | $5,000 to $100,000 | Compare Rates | Via Credible.com's Website | |
| LightStream |  | 4.0 | | 660 | 7.49% to 25.49% | $5,000 to $100,000 | Compare Rates | Via Credible.com's Website | |
| LendingPoint |  | 4.0 | | 600 | 7.99% to 35.99% | $2,000 to $36,500 | Compare Rates | Via Fiona.com's Website | |
| Upgrade |  | 3.5 |  | 580 | 8.49% to 35.99% | $1,000 to $50,000 | Compare Rates | Via Credible.com's Website | |
| Universal Credit |  | 3.5 |  | 580 | 11.69% to 35.99% | $1,000 to $50,000 | Compare Rates | Compare rates from participating lenders via Forbes Advisor | |
| Discover |  | 3.5 |  | 660 | 7.99% to 24.99% | $2,500 to $40,000 | Learn More | Read Our Full Review |
Methodology
We reviewed 29 popular lenders based on 16 data points in the categories of loan details, loan costs, eligibility and accessibility, customer experience and the application process. We chose the best lenders based on the weighting assigned to each category:
- Loan cost:35%
- Loan details:20%
- Eligibility and accessibility:20%
- Customer experience:15%
- Application process:10%
Within each major category, we also considered several characteristics, including available loan amounts, repayment terms, annual percentage rate (APR) ranges and applicable fees. We also looked at minimum credit score requirements, whether each lender accepts co-signers or joint applications and the geographic availability of the lender. Finally, we evaluated each provider’s customer support tools, borrower perks and features that simplify the borrowing process—like prequalification options and mobile apps.
Where appropriate, we awarded partial points depending on how well a lender met each criterion.
To learn more about how Forbes Advisor rates lenders, and our editorial process, check out our.
Tips to Compare Plastic Surgery Financing
Consider these tips when comparing options so you canfind the right personal loanfor you:
- Compare interest rates.A lower interest rate could mean a more affordable monthly payment and less interest charges over the life of your loan.
- Check for fees.Along with interest rates, look for any fees that could add to your costs of borrowing, such as an origination fee.
- Review repayment terms.Find out how long you have to pay the loan back, as your loan term will impact your monthly payment amount and long-term interest costs.
- Check out eligibility requirements.Every lender sets its own borrowing criteria, so find out what’s required in terms of credit score, income, debt-to-income (DTI) ratio and other factors.
- Explore loan features.Find out if the loans you’re considering come with any special features, such as credit score monitoring or the option to defer payments.
- Read borrower reviews.Before selecting a lender, check out customer reviews on sites such as Trustpilot to find out if other borrowers had a good or bad experience.
- See if you can prequalify.Some personal loan lenders let you check your rates instantly, thereby making it easier to compare multiple loan offers and repayment options with no impact on your credit score.
How To Pay for Plastic Surgery
There are a variety of ways to finance plastic surgery if your insurance doesn’t cover it. Here are some options to consider.
Personal Loan
Personal loans provide a lump sum of money upfront that you can put toward your plastic surgery costs. You’ll pay back the amount over several years with fixed monthly payments, plus interest. Some lenders also charge anorigination fee, typically between 1% and 8% of the loan amount.
Since most personal loans are unsecured, meaning they don’t require collateral, lenders tend to have more stringent qualification requirements compared to secured loans. How you pay back your personal loan can also impact your credit. On-time payments can help improve your score while late payments could damage it.
Payment Plan
Some plastic surgeons offer payment plans to their patients. Depending on your doctor, you might be able to break up the cost of your cosmetic procedure over time without having to pay interest on the amount. It could be worth asking the office about payment options and credit score requirements, if any. Some payment plans don’t have any credit requirements, so bad credit won’t prevent you from using one.
Note that some doctor’s offices might refer you to a third-party lender or credit card company for a loan or medical credit card.
Medical Credit Card
Another option for plastic surgery financing is amedical credit card. Designed to cover medical expenses, these cards often offer 0% APR or a reduced APR if you pay off your balance within a certain period of time. Popular medical credit card CareCredit, for example, offers 0% APR if you pay off your charge of $200 or more within six to 24 months.
The downside of these cards, however, is that you may owe deferred interest if you still have a balance when the 0% APR period ends. Your interest charges could be high, as credit cards often carry APRs of 15% or more.
0% APR Credit Card
You may also explore other0% APR credit cards. Some cards let you make interest-free purchases for up to 21 months. As long as you pay off your entire balance within that time period, you won’t owe any interest. However, you run the risk of having to pay interest charges when the promotional period ends.
It’s also worth noting that charging a large amount to a credit card will increase your credit utilization ratio, which could drop your credit score. What’s more, you likely need good credit (at least 670) to qualify for one of these cards.
Personal Savings
If you’re looking for financing for plastic surgery, you might consider a personal loan, credit card or payment plan from your doctor. However, these options can come with interest and fees, as well as potentially damage your credit if you make late payments or drive up your credit utilization ratio.
To avoid these risks, considersaving upfor your plastic surgery instead. Set aside money each week or month into a savings account that’s earmarked for your procedure. If you can spend time saving for your surgery, you won’t have to take on debt or pay interest.
Plastic Surgery Financing With Bad Credit
If you have bad credit, your options for plastic surgery financing may be more limited. However, you may still be able to find a personal loan lender who will work with you. Every lender sets its own credit requirements, and some are more flexible than others. By reaching out to multiple lenders, you may be able to find one who can help.
Apply With a Co-Signer
Some lenders also let youapply with a creditworthy co-signerif your own credit is weak. Adding a co-signer to your application could help you qualify for a loan or land better rates. Your co-signer becomes responsible for the loan if you default, though, and your repayment history will impact their credit. Make sure you’re both aware of the financial implications before co-signing on debt.
Improve Your Credit
Finally, you might consider trying to improve your credit before applying for plastic surgery financing. If you can resolve any debt in collections, dispute errors on your credit report and take other steps to boost your credit, you could put yourself in a better position to qualify for a personal loan or 0% APR credit card.
How To Apply for a Loan for Plastic Surgery
If you’re looking to borrow a personal loan to cover plastic surgery costs, take these steps to apply:
- Review your credit. Before you start applying, check your credit score through your credit card issuer or another free credit monitoring service. Since lenders rely on your credit when considering you for a loan, it’s important to know what your credit looks like and if you can take any steps to improve it.
- Research lenders. Shop around with multiple lenders to find a loan with the lowest borrowing costs. Some lenders let you prequalify for a loan, which lets you check your rates without impacting your credit score.
- Gather your documentation. Although requirements vary by lender, you’ll likely need proof of employment and income with documents such as pay stubs, tax returns or bank statements.
- Submit your application. When you’ve found a loan that works for you, fill out the application, along with any verifying documents. At this point, the lender may run a hard credit inquiry to check your credit.
- Receive your loan and start repayment. The lender will likely deposit the funds into your bank account, which you can then use to cover your plastic surgery costs. Review your loan agreement to find out when your monthly payments are due.
What is the best way to finance plastic surgery?
The best way to finance plastic surgery depends on the cost of the procedure, your credit profile and other factors. Some popular options include a personal loan, medical credit card, 0% APR credit card and payment plans from the doctor’s office. Paying out of pocket can also be a savvy option if possible since it lets you avoid interest and fees.
What credit score is needed for cosmetic surgery financing?
If you’re looking to borrow a personal loan to finance cosmetic surgery, you’ll likely need a credit score of at least 670; however, some lenders accept scores as low as 560.
If your credit score is lower, you may be able to qualify by applying with a creditworthy co-signer. Some surgeons’ offices may offer cosmetic surgery payment plans that don’t have a minimum credit score requirement.
Can you put plastic surgery on a credit card?
You should be able to put plastic surgery on a credit card as long as the cost doesn’t exceed your credit limit and the doctor’s office accepts your card. You may also be able to charge the surgery to multiple cards if you’ve run up against a credit limit.
Can you get a loan for plastic surgery?
It’s possible to get a personal loan for plastic surgery as long as you can meet certain qualification requirements. Most lenders like to see that you have a FICO credit score of at least 670 before approving you for a loan, as well as sufficient income to pay it back on time.
Assuming you qualify, you can typically borrow a personal loan between $1,000 and $100,000 with a fixed interest rate between 4% and 36%. Borrowers with the strongest credit tend to get the most competitive rates.
Do banks give loans for plastic surgery?
Many banks offer personal loans that you can use for almost any purpose, including plastic surgery. Loan amounts and interest rates will vary by bank, so shop around to find a loan offer that provides the funding you need.
What kind of loan should I get for plastic surgery?
You could consider using a personal loan to cover plastic surgery costs since you can use it to cover the cost of nearly anything and pay it back in monthly installments over a year or longer. Some medical providers also offer payment plans that allow you to finance the expense over a certain period of time. You could also consider a medical credit card or 0% APR credit card, but be wary of high interest charges and fees that could add significantly to your costs of borrowing.
How hard is it to get plastic surgery financing?
Depending on the financing option you choose, you may need to have good or excellent credit and a steady source of income to qualify for plastic surgery financing. Some financing options include a personal loan, credit card and payment plan from your medical provider.
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