5 Best Plastic Surgery Financing Options

• Best for nice credit: LightStream
• Best for flexible terms and loan amounts: Upgrade
• Best for member benefits: SoFi
• Best for fair credit: Avant
• Best for promotional financing: CareCredit
• What to take into consideration with plastic surgery financing
• How we picked these loans

Best for nice credit: LightStream

Why LightStream stands out: LightStream rewards borrowers who have above-average credit with personal loans that have no fees and low interest. For the lowest rates, LightStream requires excellent credit. Generally, LightStream says it considers borrowers with excellent credit as those who have a stable income, money stashed in savings and at least five years of credit rating by having an excellent payment record.

• Loans up to $100,000: LightStream loan amounts vary from $5,000 to $100,000, making the lending company a potential option if you want to borrow a sizable sum.
• Extended loan terms: LightStream offers loan terms as high as 84 months, that could give you enough time to pay off your loan.
• No fees: LightStream doesn't charge origination or prepayment penalty fees.
• Rate guarantees: If you can get a better rate elsewhere, LightStream may offer to conquer that rate through its \”Rate Beat\” program, but conditions might apply.
• No way to prequalify: LightStream doesn't offer a prequalification process, so a hard credit inquiry is necessary to check your rates with the lender.

Read our full review of LightStream personal loans to learn more.

Best for flexible terms and loans: Upgrade

Why Upgrade stands out: Upgrade gives borrowers multiple loans to choose from, and when you simply need to borrow a little amount, Upgrade offers loans as little as $1,000. Plus, you can check your rates without having affected your credit ratings – though observe that prequalification doesn't guarantee approval as well as your final terms can vary.

• Multiple loan term options: Loan terms vary from 24 to 84 months.
• Quick funding: Loan funds could hit your money when the next working day after approval.
• Origination fee: Upgrade charges an origination fee that's taken from the loan before it's deposited into your account. But there's no prepayment penalty fee, so you do not have to worry about getting penalized when you can spend the money for loan off early.

Read our full overview of Upgrade unsecured loans to find out more.

Best for member benefits: SoFi

Why SoFi sticks out: SoFi offers loans with member perks, such as financial planning advice from advisors, referral bonuses and potential adjustments to your payments should you lose your job. Loans range from 24 to 84 months.

• No fees: SoFi personal loans have no origination, prepayment or additional fees.
• Large loans: SoFi offers loans of $5,000 to $100,000.
• Low rates: SoFi offers low interest for borrowers who qualify, and there is a 0.25% rate discount if you subscribe to autopay.
• Unemployment protection: If you lose your work through no-fault of your while repaying a personal loan from SoFi, you may be in a position to adjust your monthly payments, while receiving career help help you to get back in your feet.

Read our full overview of SoFi unsecured loans to learn more.

Best for fair credit: Avant

Why Avant stands out: If you've got a fair credit rating, Avant will probably be worth considering since Avant says its typical borrower includes a score between 600 and 700. Not sure if you qualify? You can check to ascertain if you're eligible around the Avant website with no hard inquiry – but remember that you might see different terms after submitting a proper application.

• Long and short loans: Avant offers loans which range from 24 to 60 months.
• Flexible loans: Loans range from $2,000 to $35,000.
• Quick application and funding: Avant says we have an easy application process that can take minutes. Following the loan is approved, you may get use of cash as soon as the next working day. Depending on your bank, however, you might want to wait before you can get your money.
• Origination fee: Avant charges an origination fee that's obtained from your loan balance before it's deposited to your account, so keep that in mind when deciding just how much to gain access to.

Read our full overview of Avant unsecured loans.

Best for promotional financing: CareCredit

Why CareCredit stands out: CareCredit is really a healthcare credit card for medical expenses that could offer promotional financing in which you pay no interest for six, 12, 18 or Two years. After the promotional period, the accumulated interest gets added to your bank account unless you pay off the entire balance prior to the special ends. Should you pay promptly every month and pay off the balance throughout the promotional financing period, this may be a way to finance cosmetic procedures without incurring interest fees.

• Apply at the doctor's office or online: CareCredit is really a credit card having a revolving line of credit that you could apply for online or in a participating plastic surgeon's office.
• Prequalification available: You can determine if you qualify for a CareCredit card online with no hard credit inquiry.
• No activation fee or annual fee: If you decide to sign up for the credit card, there is no activation fee, and also the conditions and terms disclosure lists no annual fees.
• Longer-term financing available: If you need to pay the balance off over a lot more than Two years, CareCredit offers 36-, 48- and 60-month fixed-payment options with reduced APR.
• Interest may be deferred, not waived: If you be eligible for a a zero-interest promotional period, remember that interest is still calculated and added to balance if you do not remove the card entirely by the end of the promotion period. While special financing options could be a great deal for borrowers who are able to remove the balance, maybe it's a debt trap for individuals who can't since standard interest could be high.

Read our full review of CareCredit credit cards.

What to watch out for with cosmetic surgery financing

Borrowing money for cosmetic surgery is a decision to make carefully. When you can be eligible for a an aggressive rate and also the loan has affordable monthly payments, financing the procedure could help you enjoy the results of a pricey procedure sooner rather than later.

But there are negatives, too: It's yet another payment to add to your budget each month, there are financing-related costs to factor in to the equation. You might want to pay interest along with other fees on the amount you borrow. It also might be harder to qualify for financing for surgery for those who have poor credit.

Saving up for any procedure may be a better (and cheaper) option, even if means you will need to wait a few months to obtain work done. You might start by establishing an automatic transfer of cash out of your banking account to some \”saving for surgery\” account each month.

Saving a small amount consistently can add up and could help you purchase all or a minimum of some of your procedure. If you do choose to borrow, make sure to weigh multiple options because this can help you get the best loans open to you.

How we picked these loans

We compared rates of interest, fees, perks and promotional financing options across personal loans and medical credit cards. Only then do we selected those that offer competitive rates, flexible terms and member benefits.