10 Best Cosmetic Surgery Loans for Bad Credit in 2024

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Now that we’ve covered all the best options for covering the costs of your procedure, let’s go over some helpful tips to help you find the right one.

Just because these are all installment loans that you can likely access with bad credit doesn’t mean they’re all appropriate for your intended cosmetic procedure. 

Here are the things we recommend you look at first when comparing them:

How Much Money Do You Need for Plastic Surgery?

You’ll want to get a loan that can cover the amount needed for the procedure — pretty straightforward. 

But you should also consider additional costs that’ll come up afterward.

For instance, if you’re after financing breast implants with bad credit, the first thing you should know is that the average cost of the procedure is around $4,500, according to the ASPS.

However, this figure doesn’t account for other necessary expenses, such as anesthesia, post-op care, and operating facilities.

In other words, you should get a solid quote from a reputable cosmetic surgeon before you start looking for a loan to cover the costs. That way, you’ll be confident the amount is enough to pay for the procedure and related expenses.

Repayment Period and Repayment Terms 

The general rule is that more extended repayment periods mean lower monthly payments but higher overall loan cost (and vice versa).

Ideally, those looking for cosmetic surgery loans with bad credit want longer repayment periods with flexible repayment terms. 

Put differently, it’s best to get a long-term loan with no prepayment penalty and pay it off quickly. That way, you can make low monthly payments and pay the least interest.

Annual Percentage Rate

The annual percentage rate (APR) represents how much the loan will cost you every year that it goes unpaid. For example, a $1,000 loan with a 10% APR costs $100 in interest and fees every year.

Note: The latest data from the Federal Reserve show that the average APR for personal loans was 10.16% in August 2022.

However, if breast implants are what you’ll finance with bad credit, chances are your APR will be above average since credit heavily impacts APR. 

We generally wouldn’t recommend getting a loan with an APR over 36% unless it’s an emergency. Most experts agree that 36% is a reasonable cap, and it’s the legal APR cap in some states.

Speed of Disbursement

Lastly, check how fast the company can fund the loan. 

Some loan providers can take up to a week or longer to deposit the funds into your account after you’ve been approved. For online personal loans, the gold standard is funding by the following business day. 

While some companies offer same-day funding, most of them will disburse you in one to three business days, like FreedomPlus.

Do Cosmetic Surgery Loans with No Credit Check Exist?

Yes, of course they do. However, should there be no other choice, you should go for no credit check lenders. Generally, there are very few lenders that offer loans without doing a credit check. The ones that do, though, charge exorbitant interest rates to make up for the risk of not checking your credit. 

Overall, we think most people probably have better options than using no-credit-check payday loans and other such options. Secured loans are often preferable (as are cash advance apps if you only need a short-term loan).

If you have a limited credit history, we recommend working with lenders like Upstart, who use non-traditional underwriting models instead of just credit scores.

And if your credit score is terrible, there are still lenders that work with people in your position (e.g., Jora). 

Final Cut 

Cosmetic surgeries are common these days, and most are in a relatively accessible price range as medical procedures go. 

But that doesn’t mean they’re cheap, and unsecured installment loans are a reliable way to find financing for cosmetic surgery. Above, we put together an excellent list of suitable and reputable borrowers. 

We want you to have the appearance of your dreams (and remain healthy, too), so find the loan that best fits you and apply the moment you have all surgeon fees disclosed.

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