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Getting cosmetic surgery can give you a life-changing confidence boost, which is probably the reason cosmetic surgery is becoming increasingly common in Australia. However, that doesn’t mean that your healthcare provider will cover the procedure you want. 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 cosmetic surgery loan is essentially finance that you use to pay for cosmetic surgery. Some examples of common cosmetic surgery procedures include facelifts, breast augmentation and liposuction. How much your cosmetic surgery procedure will cost varies widely depending on the procedure, and health insurance rarely covers the costs except in instances of reconstruction or other medical reasons.
When looking for a cosmetic surgery loan, you can consider the following options:
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 1 and 5 years for fixed rate loans or 1 and 7 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 being 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
In order to save money, some Australians opt to go to 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.
Sadly, bad credit is a reality for a number 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 loan for cosmetic surgery, you can compare your options. Start with those in the table below.
Below we have listed some of the most common types of cosmetic surgery, their recovery times and their price ranges in Australia.*
Type of surgery | Description | Recovery time | Price range |
| Rhinoplasty | Commonly known as a "nose job", this is surgery to reconstruct, reshape or otherwise "correct" the nose. | 6 weeks | $7,900 - $10,900 |
| Otoplasty | This is surgery on the ears that can include correcting "bat ears", "cauliflower ears" or uneven ears. | 1-2 weeks | $6,990 - $7,900 |
| Brow lift surgery | Also known as a forehead lift or forehead rejuvenation, this is surgery to raise the brows. | 6 weeks | $5,900 - $6,900 |
| Breast surgery | Common types of breast surgery include enlargement, reduction, breast lifts and gynaecomastia correction. | 6 weeks | $5,900 - $12,900 |
| Bariatric surgery | 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. | 3-5 weeks | $4,000 - $5,500 |
| Cosmetic dentistry | Common cosmetic dental surgery consists of veneers, implants, whitening and crowns. | 5 days | $800 - $5,500 |
| Laser eye surgery | 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. | 7 - 10 days | $2600 - $3700 (per eye) |
| Hair restoration | This involves removing hair-bearing skin from one area of the body and transplanting it onto the scalp. | 2 - 5 days | $3,273 - $13,200 |
| Genital surgery | Genital surgery includes procedures such as circumcision and labiaplasty. Prices range depending on the procedure. | 6 weeks | $3,500 - $17,990 |
*This data was taken from plasticsurgery-sydney.com.au, dentalimplants.com.au, www.sydneyhairtransplant.com.au, visioneyeinstitute.com.au and uppergisurgery.com.au
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
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 you will typically 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:
