Frequently Asked Questions

• What financing options are available for breast implants in Canada?
  Breast implant costs can range from $10,500 to $14,500, and insurance coverage depends on medical necessity. Breast augmentations are usually not covered for aesthetic purposes, though reductions could be covered if they tackle discomfort or health issues; including reconstruction after illness. So if you’re after aesthetic goals, you’ll probably have to pay out of pocket.
• How do you finance a tummy tuck in Canada?
  Tummy tuck costs can start at $5,000 all the way to $14,000. Tummy tucks are generally considered cosmetic, so you’ll likely need to finance them out of pocket. Other types of procedures not typically covered by insurance include face lifts, botox, fillers and hair transplants.
• What are the benefits of using a personal loan to finance cosmetic surgery?
  Personal loans are reliable, simple, and have an easy process. The loan amount, provided as a lump sum, is usually versatile enough to support both a minor procedure and a premier medical procedure. They typically come with fixed rates that keep your monthly payments the same, so you’ll always know exactly what to expect regarding costs. Whether for cheaper or high-cost surgeries, personal loans are particularly advantageous if you have a strong credit history and a good credit score. These elements often lead to favourable terms, which make cosmetic surgery financing affordable and accessible. You should compare offers from different lenders to find the best loan terms and rates.
• Should I use my credit card to pay for plastic surgery?
  Using a credit card to pay for plastic surgery requires careful consideration. Their interest rates are among the highest compared to other financing solutions.
• What should I know about using a line of credit to finance cosmetic surgery?
  Lines of credit allow you to withdraw funds as needed, up to a set limit. They feature variable rates, which means your payments could be volatile and change over time. Your credit score plays a crucial role in the terms you receive. Lenders usually require a minimum score of 600 for credit approval, with higher scores improving your chances of securing a low interest rate. Understanding how credit works can help you manage your finances more effectively when using this option.
• How do payment plans work?
  Many Canadian plastic surgery clinics offer payment plans that help you manage procedure costs more easily.  Be sure to review the terms carefully for any payment plan, as additional costs like administrative or origination fees may apply. Understanding these details can help you choose the option that best fits your financial situation, whether you’re focused on achieving aesthetic goals or addressing medical needs.
• What types of secured options are there to finance plastic surgery?
  Secured options like home equity lines of credit and vehicle title loans can help fund your surgery. You should exercise careful consideration when opting for secured personal loans and assess your ability to fully repay both principal and interest. Failing to do so could result in losing the collateral you pledged.
• How long does it take to get approved for a loan?
  The approval time varies depending on the lender. Some lenders are able to approve your application within hours, while others might take a few business days.
• How do you make informed decisions when choosing a loan for cosmetic surgery?
  Before looking for a cosmetic surgery loan, make sure that you know the full cost of the procedure as a first step. Consulting with a medical professional directly can provide insight into potential costs. For most loans, a credit check is usually required to to assess eligibility and determine available loan options. You should evaluate various terms ranging from short to long-term to find a plan that meets your needs and financial position. It’s also a good idea to ask lenders if they have any prepayment penalties since you could save money on interest rates if you choose to pay the loan off early. Many try shooting for lower interest rates that don’t strech out over a long period.
• Who provides cometic surgery financing options?
  Some surgery financing companies include:

  • Spring Financial 
  • Credit Medical 
  • Some surgeons and clinics