Cosmetic Surgery Loans

Need a cosmetic surgery personal loan? Knowing what to look for will help you pick the best option for your situation.

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, updated on October 4th, 2023       

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Common questions about cosmetic surgery loans

What procedures do you cover?

These loans cover any elective cosmetic surgery and reconstructions surgery that you need done at an accredited medical practitioner. Because these loans are unsecured personal loans, you can use them for anything you like, not solely a cosmetic procedure.

I haven’t found a surgeon. Can I still get funding?

Yes – because you're not attaching any collateral to your loan which can inform its amount and usage, you can be approved for financing even before you've chosen your surgeon or even your procedure.

provide easy access to funding once you have been approved. Even if you are still looking for a surgeon/practitioner, we will finance you.

Are there any penalty fees for paying out my loan early?

Most often, no – we're partnered with lenders who don't charge borrowers who wish to pay out their loan early. This is a great way for you to save money over the life of your loan should you be in a position to pay it off sooner.

Will I get funding upfront or as my surgery expenses come through?

Personal loans are paid out in one lump sum once your lender has fully processed and approved the application. This gives you the ability to pay for your procedure in full immediately.

Will I be able to get financing for a procedure that is done overseas?

Yes – as mentioned above, because there aren't any real restrictions on how you can use your funds, you can get approved and carry out a procedure overseas by an accredited practitioner. You should always ensure this is done in a safe manner.

How long are personal loan terms?

Our lenders offer flexible loan terms that range from 12 months up to seven years to help you better manage your loan repayments. 

Will I be able to get a quote with no obligations to sign anything?

Yes – you can compare loans and speak with lenders before you find yourself in any position to sign a loan contract. You may wish to seek out pre-approval, which isn't marked on your credit report in the same way as a hard enquiry, but gives you a rough idea of what you're able to be approved for.

Your helpful guides on funding your procedure

Superannuation and cosmetic surgery

There are many ways to fund your cosmetic surgery, but there should be careful considerations when it comes to which one you choose. It's possible to get an early release from your superannuation fund to finance your procedure, but this can come with some pitfalls. There could be limitations to what your super can cover in terms of elective procedures which can limit what you can and cannot get done. There are also clauses that come with early release super funds that only release the funds to you if you are unable to readily access the procedure through a public health system. You may also decide accessing your super for this purpose, and thus sacrificing funds reserved for your retirement, simply isn't worth it.

Credit card vs personal loan

It is not uncommon for people to put cosmetic procedures on their credit card, but you need to be careful when doing this. Managing your costs effectively without breaking the bank means that getting a card that works for you. A 0% interest credit card can look like a promising way to handle expenses if you are disciplined enough to pay a considerable amount during the introductory period before it reverts to a higher interest rate. Personal loans, on the other hand, have a fixed interest rate throughout the loan's term that can budget for. You will be able to get yourself a low rate that is flexible to cater to all procedures.

Plastic surgery holiday considerations

Plastic surgery holidays are when you go to another country to carry out your desired procedure due to the cheap rates they offer or premium service that have a high promise of not botching your face. However, you need to keep in mind that cheap doesn’t always mean you will get value for your money and a service that will not put your life at risk. Going for a plastic surgery not only comes with additional expenses, but it can also be a health risk. This is why it is vital that you have your procedures carried out by an accredited health professional. You can also read reviews or seek professional advice for peace of mind.

Bad credit

It is possible to get financing if you have bad credit from some lenders in Australia. Before you jump on the bandwagon of finding something tailored for your financial needs, you will have to take time on thinking about whether you need the surgery or not. Knowing the reasons as to why you want to do it can help you choose whether you should go down this path of cosmetically altering the way you look. Think about the financial implications that it will have on your credit report and whether you will be able to meet the repayments on your loan. It is vital that you do your research on accessing the dangers and risks.

Handy personal loan guides

Still looking for the right personal loan?

Personal loans come in all shapes and sizes, so read more about the ways you can use them, as well as how they might work for you.

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