Breast Reduction Financing

Can breast reduction surgery be financed?

Yes, you can finance breast reduction surgery. This can be done through any of the options we’ll cover below.

How can I finance a breast reduction?

Here are the most popular options for financing a breast reduction:

• Personal Loans: Personal loans are the most popular choice and allow you to borrow a flexible amount and control what it pays for since the money is deposited in your account. How much you can borrow depends on your creditworthiness.
• 0% APR Credit Cards: If you have a high income or only need to borrow a small amount, a 0% APR credit card may be a good choice if you have a high credit score. A low-interest credit card can be another good option for those with a high score.
• HELOC: A Home Equity Line of Credit allows you to borrow as necessary against the value of your home, up to a given credit limit. This type of borrowing is flexible and often has a relatively low-interest rate, but does put your home at risk if the worst was to happen.
• 401(k) Loan: Some 401(k) plans allow you to take out a loan for a term of up to 5 years. Since you’re borrowing from yourself, there is no credit check and no interest to pay.
• In-House Financing: Many surgeons offer in-house financing with a partner lender. This is usually a personal loan, so make sure you compare it with external funding options to ensure you’re getting a good deal.

Of course, paying for your surgery from your savings and investments (if they can be liquidated without penalty) will usually be the most affordable option.

Pros & Cons of Breast Reduction Financing

PROS

• Get the surgery you want now (rather than later)
• Keep your savings
• Spread the cost over a much longer-term
• Many of the options have low interest rates, especially if you have a high credit score

CONS

• If you stretch yourself financially to afford the surgery, you may find you have to put other big life decisions on hold until you pay it off
• If you don’t have a good credit score, you’ll struggle to find affordable financing

What credit score do I need to qualify for breast reduction financing?

You need a credit score of 600 or higher to qualify for affordable plastic surgery financing options, but 690 or higher is recommended.

Can I get breast reduction financing with bad credit?

It’s unlikely - if you do find options you’ll likely find that your financing options come with extremely high-interest rates that make the repayments (and overall cost) unaffordable. Make sure you understand what you can realistically afford.

Breast Reduction Financing Calculator

Use our calculator below to find out how much your repayments may be:

How to Qualify for Breast Reduction Financing

To qualify for affordable breast implant revision financing, you’ll need (in general):

• A credit score over 660
• A debt-to-income ratio of 30% or less
• Annual income over $20,000

Compare breast reduction personal loans and apply

A breast reduction can drastically improve your quality of life and self-confidence, so the surgery is well worth the investment if you decide it is right for you. If your surgery can’t be covered by your health insurance, a personal loan is usually the best choice. Once you know how much your surgery will cost to get the results you want (it’s a good idea to have a consultation before you apply for financing), it’s time to compare rates and apply. In our tables, you’ll find the best breast reduction personal loans so start comparing and when you find the right loan for you, click apply. You’ll soon have the funding you need for your surgery.