Over the past few decades, views on plastic surgery have been changing. Once, it was seen as the domain of overly vain people who had too much money. No one needed plastic surgery, and it was seen as nothing more than an attempt to change the superficial.
However, nowadays the general public, as well as the medical profession, views plastic surgery a lot more kindly. It is something that can really have a positive impact on a person’s self-esteem. Individuals who are ashamed of certain aspects of their bodies will not solve their issues with a procedure, but it does make the journey easier and more rewarding.
Nonetheless, in most countries, plastic surgery is still not very accessible to the general public. Medical aid and health insurance won’t cover aesthetic surgery, and plastic surgeons still charge prices that few people can afford to pay out of pocket.
There are ways to finance plastic surgery, like getting a medical loan. You can compare your medical loans options here. This is how it works.
What is a medical loan?
A medical loan is a personal loan that you can, technically, use for whatever you want. Personal loans are becoming more popular today, as alternatives to taking on credit card debt at high interest rates.
A personal loan is available to anyone with a good credit rating, and how much you are able to get depends on just how strong that rating is. This will also have an effect on the interest rates that are available to you. If your rating is good, you can get a single digit interest rate, which is far below any credit card rate you might qualify for.
Types of medical loans
There are many types of personal loans you can use for plastic surgery. These range from your basic bank loans to modern innovations like P2P lending.
Start by seeing what your bank has to offer. While traditional banks are falling behind on products, some are offering great interest rates to attract more clients. Your bank might give you great rates and terms simply so that you choose them over a more modern option.
Then there are companies that offer loans. Some of these private companies are predatory, using the desperation of potential clients to sell them on massive interest rates that just get them further and further into debt. However, there are many companies that simply offer personal loans with good interest rates, even for people without the best credit scores.
Finally, there are new innovations such as peer-to-peer (P2P) lending. P2P lending uses a platform that matches private lenders with borrowers. Private lenders can make good money by providing loans with low interest rates to individuals, but you will have to prove beyond a doubt that you can repay the loan.
In terms of alternatives for paying for plastic surgery, there are few options, as most governments don’t see it as a basic necessity for anyone but those who need it for medical reasons.
In countries like Brazil, “beauty” is seen as a human right, and plastic surgery is subsidized. However, as a visitor, you will not get access to these subsidies, and even for residents of the country, there are long waiting lists.
In South Korea, where plastic surgery is incredibly common, it is nonetheless still expensive, and you certainly won’t get a deal that is worth the price of a plane ticket.