Mommy Makeover Financing: Finance your Plastic Surgery and Cosmetic Surgery Procedures

The mommy makeover cost can range between $9,000 to $20,000. This may even go higher, depending on the extent of work your plastic surgeon needs to do and their fees. But there's no way you will give up your chance to look and feel great just because you do not have the cash on hand.

Mommy Makeover FinancingAfter getting pregnant, giving birth, and breastfeeding, you may feel your body is no longer yours. A mommy makeover can help get your pre-baby body back. This procedure is a combination of multiple surgeries, such as liposuction, breast augmentation, breast lift, tummy tuck, breast reduction, etc. While the price tag is not cheap, many women feel it is worth the investment. Not only will you look great, but you will also feel more confident about your body.

You can eliminate the excess fats on your abdomen, thighs, and arms with liposuction. If you want to get rid of your pesky stretch marks, a tummy tuck will help. On the other hand, breast augmentation (silicone breast implants) or breast lift surgery is recommended for women who want to increase their size or improve their breasts' shape. After you achieve these body improvements, you can see that the clothes you wear will look better on you.

So, how can you afford a mommy makeover procedure?

Financing Options for a Mommy Makeover Procedure

There are various ways to finance your mommy makeover without spending all your cash upfront. These include:

  • In-House Financing

One common way to fund cosmetic surgery is through the clinic or hospital's in-house financing option. Plastic surgeons usually partner with a lending company to offer their patients financing options with low monthly payments. The interest rate will depend on the clinic, but it is usually low. Also, the terms and conditions differ from one clinic to another, so it is best to ask about this before you undergo surgery.

  • Personal Loan

You may get a personal loan to pay for your mommy makeover if you have a good credit score. You can get a lump sum of cash that you can use to pay for the surgery and other related expenses. You must pay back the loan and interest in fixed monthly payments. But since most personal loans are unsecured or don't require collateral, the interest rate is usually higher than that of a secured loan. In addition, how you pay back the loan will also affect your credit score.

  • Credit Card

You can also use your regular credit card, especially major credit cards, to finance your mommy makeover. It lets you withdraw cash from your credit limit and use it to pay for the surgery. The best thing about credit cards is that you can get cash immediately. However, the downside is that credit cards usually have a high-interest rate, which means you will pay more in the long run. In addition, if you don't make your payments on time, your credit score will be affected.

  • Medical Credit Card

Certain credit cards are specifically for medical expenses. They usually have a lower interest rate and offer more flexible repayment options. However, before applying for one, read the terms and conditions carefully to know what you're getting into.

  • Taking Out a Loan from Your Retirement Savings

You can also take out a loan from your retirement savings, such as a 401(k) or IRA account. You may borrow up to half the account balance or $50,000, whichever is less. The good thing about this is that you're borrowing money you already have, and you don't have to pay taxes on your loan as long as you pay it back on time. Because of this, no credit check is required, and the interest rate may also be low.

However, your spouse must sign off on the loan if you're married. And if you leave your job, you will have to repay the loan within 60 days or face penalties.

  • Getting a Loan from Family or Friends

You can also ask for a loan from your family or friends. The advantage of this is that you may not have to pay interest on the loan. But the downside is that it can strain your relationships if you cannot repay the loan. So, before you take this route, make sure that you will be able to pay back the money and that you have a solid plan in place.

  • Third-Party Financing

Some companies offer healthcare financing, which includes cosmetic surgery. The minimum monthly payments required differ from company to company. Some also offer higher loan amounts and longer terms. But before you apply for one, make sure to do your research so you can find the best deal. Pay attention to the interest rate because you don't want to end up paying more than you need to. So, compare the rates of different lenders before you decide on one.

List of Third-Party Financing Companies for Cosmetic Surgery

There are countless third-party financing companies in Canada and the USA that offer loans for plastic surgery. These companies usually have competitive interest rates. But the downside is that you will have to go through a credit check, and there may be some fees involved.

Here are the most popular ones:

USA Financing Companies

  • Care Credit USA

This health credit card can be used to finance a mommy makeover. The standard cardholder's annual percentage rate (APR) is 26.99%, but it may be different for promotional rates.

Care Credit also offers 6-month promotional financing for purchases of $200 or more and 12-month promotional financing for purchases. However, if you choose short-term payment options for up to 24 months and make your payments on time and in full, you can get 0% interest.

  • Prosper Healthcare Lending (PHL) USA

Prosper Healthcare Lending is a company that offers loans for cosmetic surgery, including mommy makeovers. With this company, you can get up to $35,000 for your surgery and choose from various repayment options. The Annual Percentage Rate (APR) is from 7.95% to 36.00% if you are a first-time borrower. The percentage usually depends on your credit score, loan term, and borrowing amount, and the repayment term can be up to 60 months.

  • American Credit Benefit USA

American Credit Benefit (ACB) is a company that offers loans for plastic surgery. They can offer you competitive interest rates that range from 9.99% to 35.99%. The loan terms are from 24 to 60 months.

  • LendingUSA

LendingUSA is a company that offers loans for cosmetic surgery and other medical procedures. You can loan up to $15,000, and the interest rates start at 14.99%, and repayment terms are up to 60 months. Like other companies, they have monthly payment options, and if you can repay in full within six months, you will not be charged any interest.

  • Lending Club USA

You can loan up to $40,000, but you need a minimum credit score of 600. The APR is 8.30-36.00% with flexible payment terms of up to 84 months. You can apply on their online platform and get approved as long as you have a decent credit score. They won't even ask for your medical records, which makes the process easier.

  • LightStream USA

With an estimated APR of 5.73-19.99%, you can borrow up to $100,000 to finance your cosmetic surgery. You need to have a credit score of at least 660. The repayment terms are from 24 to 144 months, depending on the type of loan.

  • Discover Personal Loans USA

You can loan up to $35,000 with no origination fees. The repayment terms are from 36 to 84 months, and the APR is 6.99% to 24.99%. Your credit score should be at least 720 to qualify for this loan.

  • Upstart USA

You can borrow up to $50,000 to pay for your plastic surgery with an estimated APR of 5.42% to 35.99%, which you can repay for up to 3 to 5 years. While they don't accept co-signers, they don't require a minimum credit score.

  • Upgrade USA

This is an excellent company with financing options for cosmetic procedures, like mommy makeovers. They can allow you to borrow up to $50,000 to finance your surgery with a lower credit score requirement of 560. The estimated APR is 7.46-35.97%, which you can pay back up to 24 to 84 months.

  • SoFi USA

If you meet their minimum credit score of at least 650, they can loan you up to $100,000 to pay for your cosmetic procedures. There is no origination fee, and the APR is based on your loan amount, which starts at 7.99%, and the repayment term you choose, which is up to 84 months.

  • Marcus USA

Marcus is a great option if you have good credit. They offer loans from $3,500 to $40,000 with APRs starting at 6.99%. They have flexible payment options with repayment terms from 3 to 6 years.

  • Universal Credit USA

This is one of your good financing options if you have a low credit score. If you have at least a 560 score, you can borrow up to $50,000. You can choose a monthly payment to repay it within 3, 5, or 7 years with an APR of 11.69% to 35.93%, depending on the amount you borrow.

  • Avant USA

This is a great way to finance your plastic surgery procedure if you have poor credit. You can borrow up to $35,000 with an APR of up to 9.95 to 35.99%, depending on your loan amount and chosen monthly payment term, which can be 2 or 5 years.

  • United Medical Credit USA

You can borrow up to $40,000 with this lender at rates ranging between 2.99% to 35.99% APR with terms from 12 to 60 months. You can also apply online and get a decision quickly

Financing Companies in Canada

  • PayBright Financing Canada

In Canada, one of the most popular third-party financing companies is PayBright. They offer loans for all types of medical procedures, including plastic surgery. Depending on your payment terms, the interest rate ranges from 0% to 29.95% for 6 to 60 months.

  • ¬†LendingMate Canada

LendingMate is another popular third-party financing company in Canada offering loans even to those with bad credit. You may be eligible for loans if you're not bankrupt and you are in an active business proposal. You should also have a guarantor, a friend or a family member who will pay on your behalf if you can't repay your loan.

  • Beautifi Canada

This convenient financing company offers loans up to $25,000 for your cosmetic procedure with repayment terms of up to 6 years. The beauty of this company is that you can apply online and get approved quickly as long as you meet their qualifications. They also pay directly to your surgeon so that you can focus on your makeover journey.

  • Credit Medical Canada

This is another great option for Canadian residents. They offer loans up to $20,000 with repayment terms of up to 60 months. You can choose to pay monthly, semi-monthly, or bi-weekly, which helps you to manage your budget better. They don't require collateral or a down payment, and they can pay directly to your surgeon up to 4 weeks before your surgery.

  • Medicard Canada

Medicard offers phone and an online application process with high credit approval on the same day, as long as you meet their requirements. You can borrow up to $20,000 with an APR of around 7.95% to 25.95%, depending on your loan. The repayment terms are up to 60 months.

  • FlexMoney Canada

If you earn at least $2,000 per month in the last three months, FlexMoney can let you borrow up to %15,000 to pay for your cosmetic surgery. They can send your money to your bank account within 24 hours if you're approved. The APR starts at 18.9%, and the repayment terms can be from 6 to 60 months.

Final Thoughts

These are just the most popular cosmetic surgery financing companies in North America that you can consider. Some companies require a higher credit score than others and an annual fee, as well as charging prepayment penalties, but options are still available. Remember to compare the different offers and choose the best one for you. Also, read the fine print and understand the terms and conditions before signing any contract, as well as ask for any hidden fees.

It's important to note that while many surgeons or clinics accept these financing options, not all of them do. Make sure to ask your surgeon before you apply for a loan. In addition, choose a board-certified plastic surgeon to do your surgery that offers a free consultation. Ultimately, don't forget to budget for other associated costs, such as post-operative care, medications, and potential touch-ups or revision surgeries.