Financing your cosmetic surgery with a consumer credit

Many people decide to undergo cosmetic surgery. They are often driven by the desire to look better or younger. To carry out such a project requires a substantial financial investment. However, Social Security does not cover all the costs. Some procedures are not even eligible for reimbursement.

People are therefore looking for a more economical solution. The best option is to have the operation abroad. A number of countries, including Turkey, Tunisia, Hungary,Spain and Thailand, offer international patients high-quality cosmetic treatments at low prices. These countries have renowned specialists.

However, whether in the UK or abroad, not everyone can afford to pay for medical travel or hospitalisation in one go. If this is the case for you, taking out a cosmetic surgery loan is the solution. This consumer loan will be repaid monthly. There is no shortage of financing options available these days. You need to analyse them carefully and compare them to find the right credit agreement for you.

Understanding the difference between cosmetic and plastic surgery

First and foremost, it’s important not to confuse cosmetic surgery with plastic surgery. The two practices are very different. The nature of the medical procedure to be carried out will tell you whether or not you should take out a cosmetic surgery loan .

Cosmetic surgery

This type of surgery covers all medical procedures carried out for purely aesthetic reasons. In fact, these arecomfort procedures. They are performed to improve physical appearance. This is the case for :

  • liposuction of the buttocks, stomach or thighs to remove excess fat;
  • face and neck lifts
  • breast surgery to increase or reduce the size of the breasts;
  • otoplasty to improve the shape and position of the ears;
  • dental surgery such as implants or veneers;
  • bariatric surgery designed to combat obesity;
  • rhinoplasty or nose surgery;
  • hair surgery , such as hair or beard transplants,
  • blepharoplasty for drooping eyelids or bags under the eyes;
  • botox injections to camouflage wrinkles on the face.

Plastic surgery

Plastic surgery is an operation performed to repair or correct skin or body lesions and abnormalities. It is also known as ” reconstruction surgery “. Victims of a serious accident that has left significant physical after-effects are the target beneficiaries. The most common medical procedures are

  • Breast surgery for victims of breast cancer,
  • Rhinoplasty after a respiratory disorder,
  • Skin reconstruction after burns.

Why take out consumer credit for cosmetic surgery?

Every act of cosmetic surgery is worth a small fortune.

  • Breast surgery , for example, requires a budget of €3,800.
  • Hair transplants cost the patient between €2,300 and €6,550.
  • Rhinoplasty costs between €3,000 and €6,000.
  • Facelifts, liposuction and blepharoplasty start at €4,500.

The various costs of accommodation and transport abroad will add to the patient‘s expenses. So the bill is likely to be high.

So if your budget is limited to make your dream of a new appearance come true, you’ll need to look for a financial boost. Banks and credit institutions offer a range of personal loans at attractive rates .

Taking out a loan to finance cosmetic surgery has many advantages.

First and foremost, you can pay the credit provider in several instalments. This can lighten your budget. What’s more, you no longer have to try to raise a large sum of money. You could be waiting a long time. This could delay the intervention. A consumer loan allows you to finance your project immediately.

If you choose your lender carefully, you can take advantage of a better deal. The total cost of the consumer credit will be more reasonable. The same applies to the monthly repayments. So you’ll be protected from over-indebtedness. What’s more, the bank’s advisers can offer you personalised advice.

The different financing options available for cosmetic surgery

These days, different types of credit can cover the costs of your cosmetic or plastic surgery operations. Here are the different types of credit offered by financial institutions:

  • Micro-credit: a small loan to finance small, low-cost operations;
  • Personal loans: granted without supporting documents;
  • Specialised credit for health and beauty: better known as health credit.

The conditions of access to each of the cosmetic surgery loans mentioned above are not the same. They also vary from one financial institution to another. In addition to all this, the quality of the loan offer differs.

Lenders do not offer the same interest rate. They also set the amount of the loan to be granted according to various criteria. These include the level ofindebtedness, the borrower’s financial situation, creditworthiness and repayment capacity.

As already mentioned, the loan can be paid off in instalments. However, the repayment period practically depends on the amount borrowed and the type of loan taken out.

Micro-loans, for example, are payable over a maximum of 7 or 5 years. Specialised health loans can be repaid over months or even years. Note that the longer the repayment period on a loan offer , the more affordable the monthly repayments.

>> Simulate a credit application now <<

Here are the different personal loan organisations. You can simulate an application on each of the following sites and get an answer in 5 minutes.

It’s quick and free:

Conditions and supporting documents required to obtain finance

Decided to apply for credit from a bank to finance a cosmetic or dental surgery project? Note that the borrowing bank imposes a number of eligibility conditions. First of all, to qualify for a loan, you must :

  • Be aged 18 or over when you apply for the loan;
  • Reside in the United Kingdom
  • Have a stable and sufficient income.

If your name is on the FICP, your chances of accessing a loan that can be paid in instalments are reduced. You will have to make do with a social microcredit. The amount is often small.

You also have to submit a formal application for credit to the lender. Banks ask their customers to put together a complete file, including a number of supporting documents such as:

  • A valid identity document;
  • Proof of income, such as a payslip;
  • A quote for the operation from the chosen surgeon or clinic;
  • Proof of address less than 3 months old;
  • Your bank details.

Free or partially-funded cosmetic surgery

Social Security may cover the cost of plastic surgery in full or in part. It is therefore possible to benefit from free treatment. However, the purpose of the surgery must be clear.

Comfort operations to fulfil dreams of a new appearance are not covered. Coverage by Social Security, health insurance companies or mutual health insurance is only possible if the operation is medically necessary. Otherwise, the request for reimbursement will be refused.

If the fitting of a prosthesis or other planned surgical procedure is not covered by the contracts signed with your mutual or supplementary health insurance company, you will be responsible for paying the costs of your medical trip. Taking out a loan for cosmetic surgery is the only way to remedy this cash-flow problem.

The steps involved in obtaining credit to finance cosmetic surgery

Find out more about the different steps you need to take to obtain a cosmetic surgery loan.

Choosing the type of cosmetic surgery loan

As you already know, you can access several types of credit to finance the entire surgical procedure or reconstructive operation. How do you find the idealloan agreement for your medical trip?

First thing to do: ask your surgeon for a detailed estimate (fees, examinations, costs of the operation, etc.) to obtain the price of the operation. Next, apply for consumer credit from a number of financial institutions. You can run a credit simulation at this stage. You can then compare the personal credit offers available to you.

How do you identify the best loan offer?

  • The bestoffer is often the one with the best interest rate;
  • Check the maximum amount granted: Be careful! If the amount is too low, you will have to cover the outstanding balance from your cash reserve.
  • Analyse the loan repayment terms : You should pay particular attention to the amount of the monthly repayments. Too high and you’ll find yourself in a complex financial situation. Too low and the total cost of the loan will rise.
  • Check for any additional costs or hidden charges that could increase the total cost of the loan.

Now it’s time to check your eligibility for a surgical subsidy. You should know that the banking department assigns a three-digit number to each person who applies for a loan. Called a credit score, it is determined on the basis of the information contained in each new customer’s file.

This number indicates your ability to repay the loan. If it is high, you have a better chance ofobtaining a medical loan. Note that this three-digit number may also define the amount of credit granted in euros .

If your credit application is approved, you will receive the financing plan. The underwriting procedure ends once the contract has been signed. All that remains is to wait for the funds to be released.

Conclusion

A consumer credit can turn your beauty dreams into reality, without breaking the bank. Thanks to flexible financing solutions, you can take advantage of a procedure in the UK or abroad while spreading out the payments according to your ability.

Take the time to compare credit offers and choose your loan carefully to benefit from advantageous and worry-free conditions. With careful planning, your cosmetic or dental project becomes affordable, and you can finally treat yourself to the change you deserve.


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