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Did you know that average cosmetic surgery costs range from $400-$20,000? 

Cosmetic surgeries cover everything from botox to full-body makeovers, making it all very expensive. Many people are looking to receive cosmetic treatments and could use help financing them. Companies are available for patients and practices to partner with to get all financial needs taken care of for everyone. Each company has benefits that make one better than the other, with some approving more people than others. 

Payment Options 


Lightstream is a lender that will give out loans for almost anything. They provide financing for medical procedures with fixed rates and flexible terms, lending anywhere from $5,000 to $100,000. This is a good solution to finance cosmetic surgery since it would be approved under medical procedures.

They offer personal loans to people who have excellent credit and offer interest rates starting at 8.49% and as high as 19.74%. Lightstream offers long-term loans as long as 84 months, making the payments smaller and easier to pay off while charging no penalty fees.  

The one problem with LightStream is that they only approve those who have excellent credit. This does not benefit the majority of borrowers much since it will be harder to get them approved to receive the loan needed. They also do not allow you to ‘pre-qualify’ for any of their financing options, so everyone has to go through a credit check and full application process. So while they will finance anything you need, it will be a more difficult process to secure the loan. 


SoFi is a large lender that has many loan options, including a credit card. They have so many options that it is easy for any borrower to get the loan needed for such things as cosmetic surgery. 

The good part of using SoFi is that they offer credit cards and a lot of loans to reach as many people as possible. Their credit card also offers cashback, so using it for large purchases can make you some money in return. Also, the money can hit as soon as the same day for those borrowing on loans.

SoFi does have some limitations on the types of loans they offer. They offer personal loans that can apply to medical procedures, but their website focuses heavily on debt consolidation and home improvement. If you need to, you can find one that would work for cosmetic surgery, but it may cause a more difficult process to ensue.    


Avant is another large lender that offers both loans and credit cards as a means of financing.

Avant specializes in helping people who have a fair credit score secure the loan that they need. Their typical borrower has around a 500-600 FICO score, making their average much lower than others like Lightstream. This is beneficial to patients that need/want cosmetic surgery and will not be approved by other lenders.

The advantage to using Avant is that they offer personal loans to reach those borrowers that need help and their credit card is for people who need to finance smaller purchases. The credit card limit tops out at $1,000, so that can help people cap their spending when needed. 

The only real drawback with Avant is that they might take longer to get you your money and their fees are high. 


CareCredit is a company that is offering credit cards to finance medical procedures for patients. They provide comparable payment terms and different annual percentage rates when financing.    

Since CareCredit is a credit card, it can be easily charged like one. They also have competitive annual percentage rates and can help patients finance any medical procedure. Their payment terms range from 6 to 24 months with no interest charged when the minimum payments are made.

Just like any other credit card, the practice has to accept CareCredit as a payment method. This is not that different since businesses have to accept any other credit card type the same, but it is important to note about borrowing with this lender.


Denefits is a different option because it is not a loan, but a payment plan system that practices offer to their patients. 

These payment plans are different than a loan because there is no money being provided. Denefits sets up a payment plan to help manage the money coming in and handle all the collections. This allows patients to finance purchases for up to 48 months with low-interest rates to provide flexibility for payment.

The benefit of practices offering these payment plans is that there is no credit check needed, so everyone is approved. This is because there is no money being fronted like a loan, which allows every practice to offer its services to more customers while using Denefits. 

One weakness of Denefits is that since there is no money being loaned, the practice will have to wait for the patient to pay them back for them to get their full amount. The practice also has to be using Denefits already, as the patient cannot apply for a payment plan on their own. 

How do The Options Compare?

All these options have their pros and cons that each make them attractive to some patients, but not all. 

LightStream offers a strong loan option that can help many patients pay for their cosmetic surgeries. With competitive interest rates and longer terms, LightStream would change the ability of any patient who needs help financing. Their problem is that they will only approve people with high credit scores, which takes a lot of patients out of the running to borrow from them. 

SoFi is a large lender that offers many loan options for borrowers of all types, even those looking to receive cosmetic surgery. When financing a personal loan with them, they can be used with any medical provider, with no late fees, no use required and fixed annual percentage rates ranging from 5%-20%. Other providers such as CareCredit require annual usage and in-network uses only, which is where SoFi comes in to help. SoFi struggles with their flexibility because while they do offer medical loans, it is not their target lending and they do not make it as easily accessible as other loans they provide. 

Avant is a lender that provides loans and a credit cards, similar to SoFi. They are helpful to more patients because they typically lend to people who have fair credit scores. This is different than most lenders, making it easier for people to get approved and receive their cosmetic surgeries compared to trying out lenders like LightStream. Avant’s only huge downside is their fees are higher than others, making it more expensive if anyone misses a payment or is late for any reason. 

CareCredit is a common lender in the healthcare industry that offers a credit card for patient financing. Their credit card is helpful to those looking to get cosmetic surgery done because it can provide quick transactions and financing for people. The biggest obstacle in CareCredit’s way is that they only operate with certain providers and they require high credit scores, making them harder to use than some of the other options.  

Denefits is the most unique option out of all the options available. Denefits sets up payment plans and does not provide funds to the practice like a loan would. This benefits the patients because they are guaranteed approval since they do not need to have their credit checked. The downside for the practice is that they are not paid until the patient makes their payments, making it a bit difficult if the practice needs the money immediately. 

How Denefits Can Help Your Patients?

Patients are constantly needing help paying for their cosmetic surgery, with many financing options that can help them and deny them at the same time.  

Denefits is one of the options that are easy to use for both practice and patient. Anyone receiving cosmetic surgery can be approved for financing through Denefits, expanding the customer base of any cosmetic practice to more people. Denefits also takes over the practice's accounts receivable, taking more stress off of their everyday operation. This is changing the way people can pay for their care and will continue to help reach more patients. Check out Denefits today to learn more!