Facelift Financing

What is facelift financing?

Facelift financing is any system of borrowing that provides you with the money you need to pay for your facelift. This often comes in the form of a personal loan, you will have other financial options available to you, which we will look at below.

How does facelift financing work?

Many people will choose to use a personal loan to finance their facelift procedure. This is where you receive a lump sum that will cover the cost of your facelift, along with any additional related costs.

You then pay back this sum, with interest, either through weekly or monthly payments, over a fixed term, usually between two and five years.

What is a facelift?

A facelift is a procedure that lessens signs of aging of the skin on the face and neck, such as wrinkles and sagging skin.

It involves making an incision from the temples, around the ear, to the lower scalp. The skin is then tightened, and excess skin is trimmed. An incision can also be made under the chin to improve signs of aging on the neck.

How much does a facelift cost?

According to the American Society of Plastic Surgeons, a facelift costs an average of $8,000.

What is a mini facelift?

A mini facelift is less invasive than a regular facelift, taking just a few hours to complete, with much shorter incisions made. This is a good option if you have minimal signs of aging.

How much does a mini facelift cost?

Depending on your provider and location, a mini facelift can cost anywhere from $3,500 to $8,000.

What is a stem cell facelift?

A stem cell facelift uses fat grafting techniques to minimize the visible signs of aging on the face and neck. Fat is injected into areas of the skin, and the stem cells in these deposits work to regenerate the skin to promote a more youthful appearance.

Facelift Alternatives: What is the best type of non-surgical facelift in 2022?

If you feel that a facelift is too invasive (or expensive) for you, there are some popular non-surgical facelift alternatives, including:

• Ultherapy - uses ultrasound heat energy
• Microneedling - provides heat-based energy using small needles
• Botox
• Dermal fillers

These options will not be as effective as a facelift but will help improve your appearance.

What should I expect during facelift recovery?

Typically, the face will be dressed with a bandage to help combat bruising and swelling.

Recovery time will be dependent on your age, how healthy you are, and the exact facelift procedure you have had. With that said, you can expect to be able to return to normal activities in one to two weeks, but you will be unable to do strenuous exercise until two to four weeks after treatment.

How can I finance a facelift?

The best methods for financing a facelift are:

• Savings: Before thinking about borrowing money, you should always look to use savings for anything with a high cost, even if they cover just part of the cost. This will be the most affordable option for you and will considerably lower the potential debt.
• Personal Loans: As mentioned above, personal loans are the most common type of financing to fund a facelift. This type of financing allows you to spread out the cost over a longer period, sometimes up to five years. The amount you will be able to borrow, as well as the interest rate offered to you, depends largely on your creditworthiness. Since the lump sum is paid directly into your bank account, you can decide exactly which costs your loan is put toward.
• 0% APR Credit Cards: You should only consider a credit card as a last option, however, if you are able to use some savings or are able to qualify for a high credit limit, a 0% APR credit card, or at least one with a low interest rate (below 6%), is an option for you.
• HELOC: If you intend to have other procedures as well as a facelift, you might want to take on a Home Equity Line of Credit to cover the high costs. You can borrow from this line as and when you need to, only paying interest on what you use. As your home is used to secure the loan, you can often get a high credit limit, but it does mean putting your home at risk should you default on repayments.
• 401(k) Loan: Depending on your 401(k) plan, you may be able to take out your retirement savings early. This doesn’t require a credit check or and there is no interest to pay, but it will mean having less money to use when you do retire.
• In-House Financing: The majority of cosmetic surgeons will offer in-house financing that will allow you to pay for your facelift in installments. This is usually in the form of a personal loan through a partner lender, and the money is paid to the surgeon directly. A lot of in-house financing comes with desirable terms, but be sure to look at external lenders first to ensure you can’t find a better deal with one of them.