Breast enhancement surgery is one of the most popular cosmetic procedures available, for a whole variety of reasons. Yet, regardless of whether you are seeking a breast enlargement, breast reduction, breast lift or breast reconstruction, the cost of the surgery is likely to run into the thousands of pounds.
For this reason, it is often desirable to spread the cost by purchasing a boob job on finance and many clinics provide this option to their clients (Transform even offer 0% finance). We take a more detailed look at the process for applying for a breast enlargement procedure on finance, including eligibility criteria and things you should consider before applying.
Before You Apply For Finance
Finance agreements are often the best way to pay for a boob job, but it is important that you do not rush in to making any decisions and instead take the time to think things through. Prior to entering into any type of finance agreement with a clinic, there are a number of things you should consider, including the following:
Duration of Finance – The precise finance options available to you will vary from clinic to clinic, but most will offer a number of options in terms of the duration of the loan. The most common option is to pay for the procedure over the course of 12 months, although 60 month options are sometimes available. Longer term loans will usually reduce monthly repayments, but the total amount paid will typically be higher.
Interest Rates – In addition to the duration, you should also consider the interest. This will usually be expressed as a percentage, followed by ‘APR’. Again, longer term loans will often result in higher interest rates. In some instances, it may be possible to obtain interest-free finance, but typically APR will be at least 9.9 percent and often as much as 16.9 percent, so pay attention and do not agree to anything before you know the interest calculations.
Your Financial Situation – Of course, it is essential that you take your own financial situation into account before signing a finance agreement. Here, you need to consider your basic wage and savings, but also think about any financial obligations you already have, so you can gain a clear idea of how much you can actually afford to repay each month. Do not agree to any finance arrangement that will put you at risk.
Deposit Amount – In almost all circumstances, paying for a boob job on finance will require an up-front deposit. Before committing to anything, you must ensure that you have the deposit amount available and that you can afford to pay it without putting your regular monthly payments at risk. Again, it is essential that you know what you can afford and do not exceed this amount, or put yourself in any financial difficulties.
Terms and Conditions – Lastly, it is vital that you take the time to carefully read through the terms and conditions attached to any finance agreement. In particular, you should check things like the penalty for missing a payment and understand what happens if there is a problem with the surgery, or if you need additional care. Never sign an agreement you do not fully understand. If you are unsure about any aspect of the agreement, ask questions.
To be eligible for a boob job on finance, you will need to be at least 18 years old, and some clinics will insist on a minimum age of 21. In addition, there are usually a number of other eligibility criteria and it is crucial that you make sure you meet them before beginning the application process.
In particular, you need to consider the following:
Employment Status – You will usually need to prove that you are in full-time employment in order to obtain finance, and you may even need to provide evidence of continuous employment for a three year period. If you are self-employed, you will often need to prove you earn at least £1,000 per month, or that you own your home.
Credit Rating – Your current credit rating is also a factor in determining whether or not you are eligible. Typically, you will need a positive credit rating and you may be ineligible if you have previously defaulted on a repayment, if you have a County Court Judgement against your name, or if you have filed for bankruptcy at any point.
Other Criteria – Finally, there are a number of other criteria that must be met. You must be legally living in the United Kingdom. Often, you will need to prove residency for at least three years if you were not born in the UK. Moreover, you will usually need to have the capability of setting up regular monthly Direct Debit payments.
Alternative Solutions For Finance
Personal Loan from a bank
A popular choice for women looking to pay for the breast implants over time is to take out a personal loan with their bank. This means that they can pay the clinic in full, and then pay back their bank in smaller repayments. The amount that women will end up paying back overall will depend on several factors, such as the APR rate of the bank and how long they wish to make repayments over.
Other women may decide to pay for their cosmetic procedure using a credit card, as they would for a holiday or new appliance. For women who can pay the cost over a year, 0% APR credit cards are a popular choice as it will mean they don’t pay more than the procedure itself cost. Otherwise, opting for a credit card with as low an APR rate as possible can be a suitable way for some.