Cosmetic surgery loans in Canada
Borrow $500–$35,000 for cosmetic procedures. Rates starting at 9.99%. Terms from 6 to 84 months.
Quick Answers for Cosmetic Surgery Financing in Canada
What is a cosmetic surgery loan, and how does it work?
It’s an unsecured personal loan that is used to cover elective cosmetic procedures such as:
- Rhinoplasty
- Breast augmentation
- Liposuction
- LASIK
- Tummy tucks
- Facelifts
- Dental implants
With plastic surgery financing in Canada, the funds are deposited directly into your bank account, allowing you to pay your surgeon or clinic just like any other bill. You don’t have to disclose your procedure in order to get approved, either.
How much can you borrow for a cosmetic procedure?
With Spring Financial, you can get a beauty surgery loan in Canada ranging from $500 to $35,000. In Canada, most cosmetic procedures fall comfortably within that range.
- Rhinoplasty averages between $8,000-$15,000
- Breast augmentation typically runs between $7,000-$12,000
- Liposuction can range between $3,000 – $12,000
- LASIK eye surgery ranges between $2,000 – $3,500 per eye
With a personal loan, you can cover the procedure, post-op medications, compression garments, time off work, and even follow-up appointments. The loan can cover the total cost of the procedure, and not just the surgical fee.
Why aren’t cosmetic procedures covered by current health plans?
While provincial health insurance in Canada covers medically necessary procedures, it doesn’t cover cosmetic and elective surgeries, or anything else done primarily for aesthetic reasons. The cost of procedures like rhinoplasty, breast augmentation, facelifts, liposuction, and most laser treatments can add up quickly, which is why financing companies exist.
What will your monthly payments be?
The amount you pay per month depends on the loan amount, your interest rate, and the loan term. On a $10,000 loan at 19.99% APR over 60 months, you’re looking at a monthly payment of around $264. With a shorter-term loan, the payments will be higher, but the total interest that you pay will be less. With Spring Financial, you get a fixed interest rate at approval, so your monthly payments won’t change.
Can you use the loan at any clinic or surgeon in Canada?
Since all loan funds with Spring Financial are deposited directly into your bank account, you can use them at any licensed clinic or surgeon in Canada. There’s no approved provider list, no referral required, and no restrictions on where you can have your procedure done. This also applies to elective dental procedures, such as implants and veneers, as well as the costs associated with surgery abroad.
How quickly can you access the funds?
If your application is approved, you can be approved as soon as the same day. However, since it is subject to verification, most approved applicants receive their funds within 1-2 business days. If you have a procedure scheduled, you must apply far enough in advance in order for the process to complete.
Can you get a cosmetic surgery loan with bad credit?
With Spring Financial, applications are considered from individuals with a wide range of credit scores, including those with lower credit scores. Your eligibility for a loan is based on income, existing financial obligations and the overall affordability of the loan, not just your credit rating.
Do you have to disclose your procedure to get approved?
All personal loans from Spring Financial are general-purpose loans. This means that there’s no requirement to disclose the intended procedure, and there is no communication with your clinic or surgeon. What the funds are used for is between you and your surgeon.
Fast, flexible online loans
Borrow what you need, from $500 for smaller needs to $35,000 for major expenses.
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How Spring Financial compares to clinic payment plans and medical credit cards
Clinic Payment Plans
Medical Credit Cards
- Loan amount
- $500–$35,000
- Varies by clinic
- Up to ~$15,000
- Interest rate
- 9.99%–34.95%
- Varies; often deferred
- Often 19.99%–26.99%
- Clinic requirement
- None — use anywhere
- Must use that clinic
- Accepted at enrolled providers
- Procedure disclosure
- Not required
- Required
- Required
- Fixed rate
- Yes
- Varies
- No
- Prepayment penalty
- None
- Varies
- None
- Credit score impact (application)
- No impact to apply
- Varies
- Hard inquiry on the application
Swipe to compare →
Spring Financial vs. Banks vs. Payday Lenders — How We Compare
Here’s how Spring Financial compares to other options available to bad-credit borrowers in Ontario.
Major Banks
Payday Lenders
- Credit score req.
-
No published minimum
- Typically 650+
- None
- Loan type
- Unsecured (no collateral)
- May require collateral
- Unsecured, short-term
- Loan amounts
- $500 – $35,000
- Usually $5,000+
- Up to $1,500
- Interest rates
- Start at 9.99%
- Typically under 15%
- ~365% APR
- Approval timeline
- Often within hours
- Days to weeks
- Minutes
- Funding
- E-transfer, as soon as the same day
- 3–5 business days
- Same day
- Reports to bureaus
- Equifax and TransUnion
- Yes, they choose one or the other.
- No
- Early repayment penalty
- None
- Varies
- N/A
*Information is based on averages and may vary by institution or lender. It is not intended to address specific circumstances or any individual case.
How to Apply
Complete the online personal loan application.
This can be completed in just minutes. All you need to do is submit your basic information and verify your bank account.
Review your offer
If you’re approved, you’ll see your loan amount, rate, and monthly payment schedule before finalizing the agreement.
Receive your funds
Once all documentation is verified, the funds are deposited directly into your account. Funding can happen as soon as the same day.
Who can qualify?
What you'll need:
Valid government-issued photo ID
Active Canadian bank account
Proof of a steady source of income
You must be the age of majority in your province or territory
Income types accepted:
Employment, self-employment, CPP, OAS, disability benefits, pensions, ODSP, Ontario Works, and certain types of EI, depending on the circumstances.
If your credit history is limited or imperfect
Spring Financial reviews applications from individuals with a range of credit backgrounds. Having a consumer proposal or bankruptcy on your record does not automatically prevent you from getting a loan.
Eligibility depends on your overall financial situation. Each application is assessed individually.
Applying will not affect your credit score. There is no cost to apply.
Trusted by hundreds of thousands of Canadians
Over one million applications received | Founded 2014 | Reports to Equifax & TransUnion
I was able to get a loan against all odds with a young credit history, high credit utilization, and a low bank balance. I was approved when I needed it most. Their process was smooth and professional. I’m truly grateful!
Emmanuel · Toronto, ON
“I was in need of emergency financial assistance, and Spring assisted me with funds in record breaking time, they gave me an affordable repayment plan. I am so grateful to them and would recommend you give them a try.”
Bobby · Calgary, AB
“Spring Financial deserves every bit of praise I can give them. After being turned down by multiple banks and feeling completely defeated, Spring Financial gave me hope when I had none. Highly recommend.”
Don · Winnipeg, MB
“They made it very easy to get the loan I was looking for. They are very courteous, professional, and communication was very good. They made sure I understood all terms and options. I can’t recommend them enough.”
Andrew · Vancouver, BC
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Contents
Why more Canadians are choosing to finance cosmetic and elective procedures
In Canada, provincial health plans don’t cover elective surgery, and it’s considered an entirely out-of-pocket expense. To cover these costs, you may save up the funds, delay the procedure, or finance it.
That said, delaying a procedure isn’t always neutral. The prices of cosmetic surgery in Canada are steadily increasing. A procedure that currently costs only $10,000 can cost a lot more in just 2 years. For some procedures, waiting can also have functional consequences.
With financing, you can spread the cost across manageable monthly payments without depleting any savings or emergency funds.
How much do common cosmetic procedures cost in Canada?
Rhinoplasty (nose job)
A rhinoplasty, or more commonly known as a nose job, is one of the most requested procedures in Canada. The average costs for this procedure ranged from $8,000 to $15,000. With a revision rhinoplasty, the cost can be higher due to its complexity and typically ranges from $12,000 to $20,000. All of these amounts fall well within the range that Spring Financial offers.
Breast augmentation
For implants, the average cost in Canada is $7,000-$12,000. For combined procedures, like an augmentation with a lift, the costs are typically higher. That said, the average cost of $7,000- $12,000 usually covers the surgery, facility fee, anesthesia, and follow-up care.
Liposuction
The costs for liposuction in Canada can range from $3,000 to $12,000, depending on the number of areas treated. Abdominal liposuction alone averages $3,000-$6,000, with additional areas adding to the total.
Tummy tuck (abdominoplasty)
A tummy tuck is more extensive than liposuction. Typically, financial aid amounts range from $8,000 to $ 15,000, and the procedure involves muscle repair and skin removal, which can extend recovery time and increase costs.
Facelift
With a facelift, you’re looking at $10,000 for a mini-lift and $20,000 or more for a full facelift with neck work. Most patients who are looking to fund this procedure borrow between $10,000 to $20,000.
Laser eye surgery
When it comes to cost, LASIK is one of the most predictable. Loans for this procedure typically range from $4,000 – $7,000 for both eyes, but premium costs can run higher. Unlike other procedures, LASIK has a finite cost that doesn’t vary much from provider to provider.
Dental implants
For just one single implant in Canada, the cost can range from $3,000 to $6,000. Full-mouth reconstruction can cost anywhere from $30,000 to $50,000 or more. Since dental insurance rarely covers implants, they’re one of the most common uses for cosmetic procedure financing.
Personal loan vs. other ways to finance cosmetic surgery: which is better?
When it comes to getting cosmetic surgery in Canada, there are a few different options to evaluate before you decide on financing. Here’s a look at these options and how they work.
Saving: This is the lowest-cost method, but it has the longest timeline. Waiting for cosmetic surgery isn’t always practical, though. For a $12,000 breast augmentation, it can take years to save on a typical income.
Clinical Payment Plans: These are both common and convenient because the clinic handles the financing in-house or through a partner. The limitation with this financing method is that you’re locked into the clinic and the provider. The rates on these loans can also vary, and the terms are not always transparent.
Medical Credit Cards: These work similarly to traditional credit cards, with a medical focus. They even offer deferred-interest promotions, but these can be very expensive if the balance isn’t paid in full. Retroactive interest can be, with rates over 25%.
Personal Loans: These give you the most flexibility since you can use them at almost any licensed clinic, you can negotiate directly with your surgeon, and you can lock in a fixed interest rate. With Spring Financial, your rate is set at approval and doesn’t change throughout the life of your loan. You should also get access to flexible terms, and it’s considered to be one of the most affordable solutions with the most competitive rates.
Can you finance with bad credit in Canada?
Even if you have bad credit, financing for plastic surgery is still very possible, although it isn’t guaranteed. With Spring Financial, people with all credit scores can qualify for a personal loan.
Even if you have a poor credit score (below 579), that doesn’t mean you won’t get approved. Your income stability, existing debt load, and overall affordability are all factors that are assessed. Someone with a lower credit score and a high income is in a different position than someone with the same score and high existing obligations. Both are still able to get pre-approved for a loan, though.
Even if you have some gaps in your credit history, like a past consumer proposal, bankruptcy, or even some missed payments, you can still get approved. Each application to Spring Financial is assessed individually and is based on your current financial circumstances. If you do get a loan with Spring, all of your monthly payments and loan activity are reported to both Equifax and TransUnion. A cosmetic surgery loan that is repaid consistently can improve your credit score over time
Can you use a loan for surgery abroad?
Some Canadians choose to travel internationally to gain access to lower-cost procedures. Common destinations include Mexico, Thailand, Turkey, and certain Eastern European countries. This is because surgical fees in these destinations can be 40-70% lower than Canadian prices. With a personal loan from Spring Financial, your funds are deposited directly into your Canadian bank account and can be used for any purpose, including procedures performed abroad.
If this is a route that you’re considering, it’s important to ensure that the surgeon you choose is board-certified in their country. It’s also important to confirm what follow-up care is available in Canada after you return. You should also factor in travel, accommodation, and recovery time in your total budget.
You have questions,
we have answers.
What cosmetic procedures can you finance with a Spring Financial loan?
Your funds can be used for almost any purpose, including elective cosmetic procedures. There’s no approved procedure list; eligible uses include: rhinoplasty, breast augmentation, liposuction, tummy tucks, facelifts, LASIK, dental implants, veneers, and medical aesthetic treatments.
Can you use a cosmetic surgery loan at any licensed clinic in Canada?
Yes, you can. The funds from a personal loan go directly into your bank account; it’s your decision on where the funds are spent. There’s no referral required, no network restrictions, so any licensed surgeon or clinic in Canada is an option.
Does Spring need to know which procedure you’re having?
To get a cosmetic loan with Spring, there’s no disclosure required. Just like any personal loan application, all you’re required to disclose is your income, identity, and bank account information. Unlike with other lenders and financing companies, there are no requirements or specific forms for clients. You can still get the cash you need without having to answer specific questions related to your surgery.
Can you get financing for a cosmetic procedure with bad credit in Canada?
With Spring Financial, those with a wide range of credit profiles can be approved. While approval is not guaranteed, your eligibility depends on your income, existing financial obligations, and the overall affordability of the loan, not solely on your credit score.
Can you use a Spring Financial Loan for surgery outside of Canada?
Yes. The funds are deposited directly into your Canadian bank account and can be used for any purpose, including to get surgery abroad. With the loan, your travel accommodation costs, as well as any costs associated with your recovery, can also be covered.
How quickly can you have funds available before your procedure date?
If your application is approved, it can be funded as soon as the same day, but this is subject to verification. However, most approved applications receive their funds within 1-2 business days. If you already have a date for your procedure, you must apply with enough time to account for the verification process. Since the loan is unsecured, collateral isn’t needed.
Can you use a cosmetic surgery loan for dental implants or veneers?
Yes. Implants and veneers are considered elective dental procedures and aren’t covered by provincial health plans. With a personal loan, you can cover the full cost of dental implant treatment, including the implant, abutment, and crown. Before you apply for the loan, a consultation visit isn’t required.
What if you need a follow-up? Can you apply for another loan?
Yes, in fact, you can apply for a new loan at any time. If your previous loan is still open, eligibility for a second loan depends on your current financial situation and the ability to repay both loans.
What is the interest rate on a cosmetic surgery loan?
At Spring Financial, all personal loans carry a fixed interest rate between 9.99% and 34.95%, with APRs that range from 9.99% to 35.00%. Your rate is set at approval and doesn’t change throughout the life of the loan. The rate you’re approved for is dependent on your income, credit profile, and the loan term.
Are there any penalties for paying off the loan early?
No. The great thing about a loan with Spring Financial is that it’s open to everyone. This means that you can pay it off at any time without any prepayment penalties. You can also make additional payments towards your balance whenever you choose.
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