Liposuction Financing

Can liposuction be financed?

Yes, you can finance liposuction: there are a range of options available to you, which we’ll cover below.

What is liposuction financing?

Liposuction financing is any form of borrowing you do to pay for your liposuction procedure. The most common form of financing is a personal loan, but can also be credit cards, a line of credit, and other options we’ll cover shortly.

What are the best liposuction personal loans?

Most people will find that a personal loan is the best option for liposuction and mummy makeover financing. Here are some of the best:

Avant: borrow $2,000-$35,000 at 9.95-35.99% (minimum credit score: 550)

Avant

✔ Funding: Borrow $2,000 - $35,000
✔ Minimum Credit Score: 550
✔ APR: 9.95 - 35.95%
✔ Loan term: 2 - 5 years
✔ Funding turnaround: within 24 hours in most cases

With Avant personal loans, borrowers with fair to good credit scores can get access to super fast funding up to $35K. Best for debt consolidation.

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Axos Bank: (best for complete mommy makeovers) borrow $10,000-$50,000 at 6.79-17.99% (minimum credit score: 700)

AXOS Bank

✔ Funding: Borrow $5,000 - $50,000
✔ Minimum Credit Score: 700
✔ APR: 7.15 - 17.99%
✔ Loan term: 3 - 6 years
✔ Funding turnaround: within 1-3 business days

AXOS Bank offers loans up to $50k and great refinancing options on existing loans. Best for borrowers with higher credit scores..

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LightStream: borrow $5,000-$100,000 at 4.49-20.49% (minimum credit score: 660)

LightStream

✔ Funding: Borrow $5,000 - $100,000
✔ Minimum Credit Score: 660
✔ APR: 2.49% - 19.99%
✔ Loan term: 2 - 7 years
✔ Funding turnaround: as soon as same business day

LightStream offers up to $100k personal loans as soon as same business day without origination fees and easy to use mobile app.

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Upgrade: borrow $1,000-$50,000 at 5.94-35.47% (minimum credit score: 560)

Upgrade

✔ Funding: Borrow $1,000 - $50,000
✔ Minimum Credit Score: 660
✔ APR: 5.94% to 35.97%
✔ Loan term: 2 - 7 years
✔ Funding turnaround: as soon as next business day

Upgrade offers borrowers with fair credit scores to obtain loans up to $50k. Joint applications are allowed. Origination fees may apply.

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How does liposuction financing work?

If you use the most common form of liposuction financing - a personal loan - you’ll borrow a lump sum amount from a lender which you’ll then pay back (plus interest) via a monthly payment. Most personal loans have a term of 2-5 years.

How much does liposuction cost?

The average cost of liposuction is around $3,500 per treatment area. A “treatment area” is usually an entire body part, such as the waist and abdomen, the thighs, back, and upper arms. Make sure you talk to your surgeon about what will be included in your fee and how much the results you want will cost.

Can you do payment plans on liposuction?

Whether or not your cosmetic surgeon provides payment plans will depend on the practice in question, but you can get the benefits of a payment plan with a personal loan through a bank or alternative lender. In fact, most payment plans provided by plastic surgeons are a form of personal loan provided through a partner lender.

What are the costs associated with liposuction?

Liposuction is usually a day procedure, meaning you shouldn’t have to deal with any overnight fees. That said, the costs you may need to pay are:

• Hospital/hotel fees ($500 - $2,000 - liposuction is usually done as an outpatient but if you don’t live nearby you may need to stay in a hotel)
• The cost of the procedure (around $3,500 per treatment area)
• Anesthesia costs ($500 - $1,500 - you can use local or general, your surgeon will advise you here)
• Medication costs (sometimes included, but often optional)
• Supportive post-surgery garments ($50-250 depending on personal preference)

Does insurance cover liposuction?

No - in almost all cases, liposuction is an elective procedure and not covered by health insurance.

What kind of results can I expect from liposuction?

Speak to your surgeon during your consultation to find out what results you can expect personally, but most people drop a significant amount of weight and see the full results 1-3 months after the procedure, once the body has time to recover. Most people experience long-lasting results, provided they keep up a healthy lifestyle.

How can I finance liposuction?

Here are the most popular options for financing liposuction:

• Savings & Investments: Paying for elective procedures via your savings or easily liquidated investments will always be the most affordable way to finance your liposuction. You won’t incur any interest or additional fees and won’t need to worry about budgeting for monthly payments. Instead, you can use that money to repay yourself and replenish your savings.
• Personal Loans: Personal loans are the most popular form of financing for liposuction as you receive the lump sum and can then use it to pay for your procedure as you please. How much you’ll be able to borrow will depend on your income and creditworthiness.
• 0% APR Credit Cards: If you can get a card with a higher credit limit or simply have an excellent credit score and some savings to use for your procedure, you can consider a 0% APR credit card. These cards offer 0% interest periods for between 3-21 months so can be a good way to spread the cost of some of your procedure. A low-interest credit card is another good option.
• HELOC: A Home Equity Line of Credit works much like a credit card, in that you are given a credit limit and can borrow as you please up to that amount. The difference is that it acts more like a bank account than a card and it is secured by your home’s equity. This means you can get higher limits with lower rates, but if you default your home will be at risk of being seized.
• 401(k) Loan: If you have a 401(k) retirement plan that allows loans, you can take out a loan from your future retirement finances to pay for your procedure. This must be paid back within 5 years and there may be other strict rules about how you must pay this back, so do your research, but they don’t require a credit check or interest.
• In-House Financing: Most cosmetic surgeons offer some form of in-house financing, often provided through a partner lender. This will provide you with a payment plan, but be aware that in most cases it is actually a personal loan, so make sure you compare the terms with what you could get via an external lender.