Cosmetic surgery is one of the most popular surgeries in America. With the rise of technology and the internet, more and more people are looking for cosmetic surgery to improve their appearance. However, not everyone can afford cosmetic surgery. With this in mind, many people are turning to cosmetic surgery financing.
By using a cosmetic surgery financing company, you can take out a loan which is then put towards your surgery. In this guide, I will be sharing with you the best ways to finance your cosmetic surgery, the different loans that cosmetic surgery financing companies offer, and the benefits of cosmetic surgery financing.
What is cosmetic surgery financing?
Cosmetic surgery financing is the practice of paying for cosmetic surgery in installments. It is a great way to save money and avoid a hefty bill at the end of it all. But the decision of borrowing money for cosmetic surgery needs to be done carefully.
You need to check both the positive side and the negative side of borrowing money. If the loan you are financing suits you and the competitive rate and monthly payment seem affordable then you can happily go for it. Always remember that it is an extra expense from your monthly income with added interest. So try to save your money more and avoid spending it on unwanted luxury.
Types of Cosmetic Surgery
Here are some of the most popular cosmetic surgeries that you can start financing.
Facial Cosmetic Surgery
There are various facial cosmetic surgeries like eyelid surgery, Rhinoplasty, Otoplasty, Rhytidectomy, Browplasty, Chin augmentation, and more.
Eyelid surgery is done in order to reshape the eyelids, especially during the older age. Due to aging, the skin becomes lax causing the dropping of the upper lid. With eyelid surgery, the skin around the eye tightens and the shape of the face also changes in a good way.
Rhinoplasty involves the reshaping of the nose. The surgery is often done to improve the facial appearance but is also performed to improve the breathing of the patient.
Otoplasty involves the reshaping of the ears. The surgery lets the ears be fixed and makes them look more natural.
Rhytidectomy involves the tightening of the facial skin in order to look younger. The surgery includes the removal of the wrinkles and tightening of the facial tissue
Browplasty involves the removal of forehead wrinkles and worry lines. Rhytidectomy is done alongside Browplasty to achieve a natural facial appearance.
Chin augmentation involves the reshaping of the chin. The surgery includes the manipulation of the chin bone along with the muscle in order to achieve a balanced overall facial look.
Cheek augmentation is just like chin augmentation where the cheekbones are manipulated or a cheek implant is performed.
Breast Surgery
Breast augmentation, enlargement, and reduction are the standard surgeries. Breast augmentation or enlargement is performed by using silicone gel prosthetics for those women who feel their breasts are too small. Whereas breast reduction helps reduce the breast size which also helps to reduce the risk of breast cancer.
Liposuction
Liposuction is performed to remove the excessive fat from different body parts. The surgery involves the suction of excess fat through a surgical tube. Although the surgery is performed to reduce the risk of diabetes or heart disease, it is also common in patients who just want to lose weight fast. It involves the removal of fat from body parts like the abdomen, back, butt, thigh, etc.
Buttock Augmentation
It involves the change of shape of the buttocks to make them look more attractive. It may involve the removal of excessive skin and thighs in order to tighten them or silicone implants to make them look bigger.
Hair Transplant
Hair loss is the most common problem in both men and women. There are some hair loss treatment techniques but they are not the solution for the bald head. Hair transplant involves the transplantation of new and healthy hairs in bald areas. These new hairs are taken from the back of your head depending upon the density of the hair.
Different Types of Financing Options You Can Look For
Loan From Bank
One of the excellent approaches you could get your mortgage is through banks. Banks can provide different types of loans such as construction loans, personal loans, auto loans, and more. The main problem with financing a loan from banks is that they take a lot of time to verify your documents. Also, the fee they took for financing loans is too much to cover and the interest rate they provide also changes over time.
Credit Unions
One of the best sources from where you can finance your loan is “credit unions”. Credit unions are cooperative groups formed by people of the same race, community, or ethnicity. These unions are controlled and managed by their members. As a result, to get a loan from a credit union, you must have to be a member of the union. If you are already a member of a credit union, you can ask how much loan you can finance and at what interest rate.
Credit Cards
Credit Cards are meant to be used for some advance cash. The credit card providing company can provide extra cash or a loan from your credit card. One of the advantages of using credit cards is that they provide advance money at 0% interest. Also, most credit card companies only provide a small amount of cash in advance. This amount of cash may not be sufficient for your surgical procedure.
How does Cosmetic Surgery Financing work at Pay My Medical?
The loan for cosmetic surgery financing depends on the lender. The interest rate depends on the different loan plans provided by the financing company. For example, Pay My Medical.com offers surgery loans up to $25,000 with competitive interest rates and affordable monthly payments.
Pay My Medical provides different loan plans and you can choose the one that suits you the best. If you are lucky enough, you can also get interest-free financing. Do you have bad credit? No worries, we got you covered. Pay My Medical provides medical loans even if you have a bad credit history.
How to Apply for a Cosmetic Surgery Loan?
Unlike any other medical loan lending company, in Pay My Medical you do not have to go through a long tedious process. Instead, you just have to complete the simple online form. Just make sure that all the information you provided is authentic.
Before applying for the loan, you must meet a few requirements. You need to be a U.S citizen or permanent resident with an age over 18. Also, you need to show documents that can prove you have a steady income of $1000 per month (min.) after all your taxes are deducted.
Along with that, you must provide a valid work phone number, a valid email address, a valid bank account in your name, and a valid working home address. If you meet all these requirements, then you are likely to get the medical loan that you always desired. Once the lender approves you, they will deposit the money right into the bank account that you provided. You can then use that cash for your cosmetic surgical treatment. Apply for a medical loan today.