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Cosmetic surgery is becoming increasingly common in Australia, but that doesn’t mean that your healthcare provider will cover all of the procedures. If you have been looking at getting a cosmetic procedure but don't have the funds available, you may want to consider a cosmetic surgery loan. Jump forward to cosmetic surgery for bad credit borrowers.
If you are getting cosmetic dental or medical procedures compare the payment plans from MacCredit.
Please note that the rates, fees and features mentioned here were correct at the time of publication.
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A reusable credit facility of up to $75,000. Receive a tailored interest rate between 9.99% p.a. and 17.99% p.a. (9.99% p.a. to 17.99% p.a. comparison rate) based on your risk profile, plus pay no establishment or monthly fees if you apply and are approved before 31 March 2020.
In order to save money some Australians opt to go overseas countries such as Thailand, where cosmetic procedures are cheaper. These are referred to as "plastic surgery holidays", and although you may save yourself some money, you could expose yourself to some serious risks.
Australia’s medical services are among the best in the world, while procedures in other countries may not be as hygienic or safe. If you are considering an overseas procedure you may want to seek professional advice in order to understand the risks involved.
Personal loans allow you to borrow money either using an asset as security or with an unsecured loan, and you can choose a variable or fixed rate option. Depending on the loan you choose, you may be able to borrow between $3,000 and $100,000, for a term of between one and five years for fixed rate loans or one and seven years for variable rate loans.
Find out more about personal loans here
Depending on your credit limit, you may be able to finance part of your procedure or even the entire thing. If you plan on using an existing card, confirm the interest rate you will be charged and whether you will be able to manage the minimum repayments. If you decide to get a new card you may want to opt for one with 0% p.a. on purchases so it can save you money on interest, with some cards offering this for as long as 12 months.
Find out more about credit cards here
Some lenders specialise in providing financing options for people looking to get medical treatments and procedures. The benefit in dealing with these lenders is that they are most likely familiar with the type of procedures you are looking to finance and the costs that may be involved. They offer payment plans that offer loans for amounts up to $70,000, with reduced fees bring another common feature. Be wary of the interest rates that are charged with these loans as they tend to be considerably higher than with other finance options.
Find out more about personal loans for medical use here
Sadly, bad credit is a reality for a majority of Australians but that shouldn't stop you from getting the surgery or procedure you deserve. Did you know that there are options for credit impaired borrowers so you can still get your implants or veneers in Australia or head to Thailand? Before you compare your options, ask yourself the following:
Once you've asked yourself these and are still sure you want a bad credit cosmetic surgery loan, you can compare your options. Start with those in the table below.
There are a number of cosmetic issues facing Australians that can be resolved with general cosmetic surgery. Cosmetic enhancements include procedures such as brow lift surgery, reparation of bat ears or breast surgery. The cost of these types of cosmetic surgeries range from $2,000 up to $6,000 and can require one or two weeks off from work depending on which body part you are enhancing and the extent of the surgery.
Many people, especially men, turn to surgery to replace lost hair. This involves removing hair bearing skin from one area of the body and transplanting it onto the scalp. Afterwards, the patient may feel pain or throbbing in the area, making it necessary to take two to five days off from work until fully recovered. How much the procedure costs will vary depending on the extent of hair loss but can range from $5,000 to over $10,000.
Bariatric surgery is used as a weight loss method that helps the patient to control their appetite. This is done using a variety of methods including having a band placed around the upper portion of the stomach. These types of procedures start at around $3,000 but can be as high as $5,000. Many of these procedures are now done with laser treatments, making recovery time around 10 to 14 days.
Dental surgery requires the removal of teeth and/or the reconstruction of the jaw bone to position them better. Dental implants can cost up to $3,000 for a single tooth and range from $24,000 to $96,000 if you want your entire mouth cosmetically enhanced. You may be in pain for a few days following the procedure, so be prepared to take up to five days off from work.
Cosmetic dentistry is used by Australians to repair what is considered to be an abnormality with the mouth or teeth. Teeth whitening is a common procedure that averages about $500 a visit, and should not require any time off from work. Veneers, which are placed over the teeth to improve their appearance, will be anywhere from $800 to $1,200 per tooth.
Laser eye surgery, or Lasik, corrects a person’s vision without the use of glasses or contact lenses. Instead, a laser is used to restore vision to the ideal 20/20. These types of laser treatments can range from $2,500 to $6,500 and as this is an outpatient procedure, you will need someone to bring you home afterwards. Expect that your vision will not be fully restored for up to five days following the procedure.
For Australian couples who are struggling to have a baby, IVF programs are often the only solution. These types of fertility treatments assist the couple with getting pregnant by using donor and implantation techniques. Recent advancements have made these procedures possible for as little as $800, but since they don’t always work the first time, it can become very costly for the couple.
See Also: Personal loans for IVF treatment
ENT is a specialty in the ear, throat and nose. One of the most common procedures related to ENT surgery is rhinoplasty, which is a reshaping of the nose. These cosmetic procedures can cost up to $12,000, and you’ll also need 10 to 14 days afterwards to recover before being able to return to work.
To apply for a personal loan or credit card to finance a cosmetic procedure, compare your options on finder.com.au and click through to your chosen lender’s website to fill out an online application form. Eligibility requirements will differ between lenders, but generally, you will need to be over the age of 18, a permanent Australian resident and have a good credit rating. You will also need to provide the following details when you apply:
