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Everything You Need to Know About Loans for Cosmetic Surgery

December 13, 2023 • 395 views

Cosmetic surgery has enhanced the physical appearance of many. Surgeries like facelifts, breast augmentation, chemical peel, body contouring, etc., have gained popularity over the years as many people have this growing desire for self-improvement. Today, numerous people can afford to undergo these cosmetic surgeries due to the availability of financial assistance from several financial institutions. Read on to learn how you can secure funds through a loan for cosmetic surgery and what benefits you can get from it. 

Why Consider a Loan for Cosmetic Surgery?

The transformative procedures of cosmetic surgery are often expensive. The overall cost of the treatment can range from several thousand to lakh. Therefore, it is better to consider securing financial assistance like a loan for such treatments. A Small Personal Loan can cover such high expenses by immediately providing the required financial support. With a loan, it gets easier for you to invest in your appearance without worrying about the availability of funds.

Also Read: Facing A Cash Crunch? Here's How A Small Personal Loan Can Help You

Benefits and Advantages of Securing a Small Personal Loan for Cosmetic Surgery

You can avail of the following benefits by securing a loan for cosmetic surgery:

  • Enhance Affordability: Getting a loan for cosmetic surgery can make expensive transformative treatments affordable for you. A loan also helps you to avail of the funds on time without spending your savings. Many lending institutions offer you a high loan amount to cover all the costs of undergoing cosmetic surgery.
  • Competitive Interest Rates: Several lending institutions offer loans for cosmetic surgery at competitive interest rates. As this brings down the overall cost of borrowing, you do not have to pay higher interest on your loan.
  • Flexible Repayment Plans: You can secure the required funds for cosmetic surgery with flexible repayment tenure. This flexibility allows you to take a loan for an extended period. You can choose a loan repayment plan that aligns with your budget and financial comfort.
  • Digital Application: The loan application process has become hassle-free. Most lenders now allow you to apply for a loan for cosmetic surgery online with minimal paperwork requirements. This saves you time and provides convenience as you can apply for the same from the comfort of your home. 
  • No-collateral Required: Investing in your physical appearance has become easier as several lending institutions provide the required financial assistance without any security. This means for a loan to undergo cosmetic surgery, you do not need to pledge any of your valuable assets as collateral security. 

Eligibility Criteria for a Loan for Cosmetic Surgery

To avail of a loan for cosmetic surgery, you need to meet the common eligibility criteria mentioned below:

  • Age: Several lending institutions set the ideal age criteria to apply for a loan around 25 years at the time of loan application. At loan maturity, the ideal age must be around 55 years.
  • Citizenship: You must be an Indian citizen to be eligible to apply for a loan for cosmetic surgery.
  • Annual Income: Your minimum annual household income must be around ?3 Lakh.
  • Credit Score: Your credit score must be 750 and above.

Note: The eligibility criteria can differ from one lending institution to another.

Also Read: Consumer Durable Loan Vs Small Personal Loan

Steps to Apply for a Cosmetic Surgery Loan

You can refer to the following instructions to apply for a loan for cosmetic surgery: 

  • Step 1: Click on the ‘Apply Now’ button.
  • Step 2: Fill in the required details on the loan application form.
  • Step 3: Upload necessary documents.

On successful verification, the loan will be transferred to your bank account.

Interest Rates and Other Costs

The interest rates for a loan can vary from lender to lender. Various factors influence the interest rates, such as your credit score, repayment tenure, loan amount, etc.

The associated costs include processing fees, pre-payment charges, late payment penalties, etc. This can also vary depending on the lender and lending institution’s policies. However, you must explore lenders that provide loans at competitive interest rates and zero hidden charges.

Tips for Loan Repayment

Here are some tips to guide you to borrow responsibly:

  • Budget Before Borrowing: You should estimate the amount you need to undergo cosmetic surgery. Avoid borrowing unnecessarily, as it can increase your overall borrowing cost.
  • Explore Lenders: Explore different lending institutions to get the required funds at the most favourable terms.
  • Use EMI Calculator: Use EMI calculators to estimate your amount of EMIs. You should choose a loan repayment tenure that aligns with your income and budget.
  • Make Timely Payments: Make payments on time, as it can improve your credit score and make you eligible for better financial opportunities. You can also automate your monthly payments to avoid missing any of your EMIs.

To Conclude

Transform your appearance with confidence with a loan for cosmetic surgery. With a loan, you can open various doors to undergo expensive transformative treatments without worrying about funds. However, you must explore options that provide you with competitive interest rates, flexible repayment tenure, and a hassle-free loan application process. By carefully understanding your financial situation and evaluating your loan options, you can secure funds at favourable terms for cosmetic surgery.


We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Personal Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply

poonawalla fincorp team

Poonawalla Fincorp Team

We are a team of expert writers and editors passionate about providing our readers with authentic and valuable information on finance. Our aim is to simplify financial and finance-related concepts. We strive to help our readers become more aware and empowered to make informed financial decisions.

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