An unsecured loan offers an immediate and quick way to secure money for a surgical procedure. Personal loans have a fixed interest rate with a specified amount of time for repayment.
Pros: Compared with other financing, an unsecured loan could be the cheaper alternative to getting the surgery you desire. If you have a strong credit history, your interest rate on a personal loan is likely to be significantly lower than a credit card. Another benefit to an unsecured loan is that if you experience a financial disaster, your loan can be discharged in a Chapter 7 bankruptcy.
Cons: A personal loan is likely to add to the cost of your procedure from the interest you’ll pay over time. So while you’ll be able to enjoy the body you want today, you’ll be paying more money for it over time. If your credit is less than perfect, you’ll likely receive an interest rate close to a credit card, which isn’t always the best deal.
Consider a personal loan with a low interest rate and get that little nip and tuck you've been longing for.