Can you get a personal loan for surgery?

Yes, you can get a loan for surgery.

Medical loans

are usually general-purpose personal loans that can be used to finance surgeries and associated medical expenses, such as cosmetic surgery, a lifesaving operation, a hospital stay or anesthesia. The best medical loans are from LightStream. The downside is that there aren't many surgeons willing to offer these types of plans.

Therefore, people who want to undergo surgery will need to consider plastic surgery loans or medical credit cards instead. However, not all medical credit cards will have a low APR benefit. In fact, some may have a very high APR. What makes this worse is that you may end up paying deferred interest if you don't comply with the payment plan of the promotional financing offer.

While Marcus may not be the ideal option for those who need access to a large loan amount, the platform still offers fairly flexible loans that are available for terms of three to six years. We reviewed 29 popular lenders based on 16 data points in the categories of loan details, loan costs, eligibility and accessibility, customer experience, and application process. SoFi is an online lending platform that offers unsecured fixed-rate personal loans in every state except Mississippi. You should look carefully for a good provider before you get a loan, but it's best to pay out of pocket.

Surgical loans can not only cover the surgeon's and anesthesiologist's expenses, but they can also cover anything from minimally invasive surgery, such as the removal of superficial varicose veins, to open surgery, such as a kidney transplant. However, your co-signer will be responsible for the loan in the event of a default and your payment history will affect their credit. Like other major lenders, LightStream prohibits the use of your personal loans for post-secondary education expenses, business purposes and illegal activities. LendingPoint is an Atlanta-based online lender that offers personal loans to potential borrowers in 48 states and Washington D.

Most lenders like to ensure that you have a FICO credit score of at least 670 before they approve a loan, as well as enough income to pay it back on time. Borrowers are also prohibited from using LightStream loan funds to refinance an existing LightStream loan. While Marcus customers don't have access to a mobile application to manage their loans, the lender makes up for the lost convenience with solid customer support options. However, LightStream really stands out because loans can be used to finance land, timeshare and so-called tiny homes.

If approved, funds can be sent as soon as the next business day if the loan was financed one day of the week and if there are no typographical errors or errors in the application. Borrowing a personal loan may be a good idea if you qualify for a low rate and reasonable repayment periods. Keep in mind that some doctor offices may refer you to an outside lender or credit card company for a loan or a medical credit card. It's possible to get a personal loan for plastic surgery as long as you meet certain qualification requirements.

Alison Valentine
Alison Valentine

Friendly bacon nerd. Lifelong twitter lover. Amateur music advocate. Unapologetic musicaholic. Total twitter practitioner.

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