About This Type of Financing:

Surgery is classified as an unsecured loan that has no collateral to guarantee the repayment of the funds borrowed. Department stores, gas credit cards and most other credit cards (such as Visa, MasterCard, American Express, etc.) are unsecured loans.

Because of the nature of this type of loan (unsecured), it has a higher risk to loan factor and requires an interest rate to be higher than a secured home or auto loan. The higher the risk, the higher the interest rates. Standard interest rates for unsecured surgery loans may vary from about 18% to 19.96% APR (Annual Percentage Rate). These rates could also vary according to the conditions of the economy and some state laws that may have restrictions or caps on interest rates.

Credit Requirements

Because this loan is unsecured, it will require a better credit history than a secured loan such as an automobile loan. Depending on the lender, the requirements include:

  1. A minimum of a 2-year credit history, including unsecured credit cards such as Visa, MasterCard and department stores ... as well as any other type of credit history with banks, finance companies, auto loans or house payments.
  2. A minimum of a 2-year residence in the community and/or an explanation of a recent move into the community or change in living status (married, divorced, move in or out with parents or being a student).
  3. A minimum 2-year work history that can be verified.
  4. A verifiable income that is substantial enough to make all of your fixed payments (such as rent, car, credit cards and department stores) and still have a minimum of a 50% debt ratio to your income... If you earn $2,000 per month you can't have payments of more than $1,000, including the payment for this surgery loan. (Spousal income can be used to meet this requirement if you both submit a joint application.)
  5. You must have a clean TRW credit report with no past bankruptcies, bad credit or any history of being delinquent ... (A credit report may go back 7 years with bad credit or up to 10 years with a bankruptcy.)
  6. 6. Depending on the amount of the loan and whether you are self-employed, a lender may ask for additional requirements, such as being a property owner or copies of your last two years' state and federal income tax reports ... The average loan can range from as little as $1,000 to as much as $10,000. (Higher amounts may be approved on an individual basis.
  7. Reasons For Being Turned Down For Your Surgery Loan

    • No credit history or very weak history.
    • Employment too new-not long enough on the job.
    • Self employed-can't verify income/employment.
    • Bad credit history of skips, late notices and charge off.
    • Credit history too new to rate.
    • Debt ratio to income too high (exceeds 50% ratio).
    • Previously filed bankruptcy within last 7-10 years.
    • State and/or federal tax liens ... current or paid.
    • Too many inquiries (10-15-20 or more indicates that you may be planning on filing bankruptcy).
    • Approval for lower amounts than requested ... (high debt ratio to income or credit not quite strong enough yet).
    • No bad credit.
    • Not strong enough but can use a co-buyer with you.

    If You Do Not Qualify For The Loan

    You may have your spouse, parents or an immediate family member act as a CO-buyer with you as the buyer. The CO-buyer must qualify for credit as required above ... and both of you will be totally responsible for the full amount of the loan.

    For further information, please email Dr. Carli at


Dr. Carli, a leading plastic surgeon in the greater Los Angeles area, would be happy to help you achieve your aesthetic goals! Feel free to call us at (951) 688-8660 with any questions or concerns that you may have regarding Dr. Carli, the Magnolia Surgery Center, or cosmetic surgery. We look forward to speaking with you!

Magnolia Plastic Surgery
10694 Magnolia Avenue, Riverside, CA 92505
(951) 688-8660