Personal Loans – Alternative Financing Option
A personal loan is a viable option for financing your bariatric surgery in Mexico. Best places to secure a personal loan:
- Banks (needs great credit history)
- Credit Unions (lower rates and low credit scores)
- Peer-to-Peer / Marketplace Lenders (average to fair credit)
- Online Lenders (relaxed credit requirements and quick funding)
Interest rates in this space are very competitive, however, you may want to look at what each provider offers. For example, some lenders give you better rates by considering your education, employment history, etc.
For example, let’s say you need $4,000 to pay for gastric sleeve surgery and are approved for a 2-year loan at a 20.00% annual percentage rate (APR). Over two years you’d pay back about $4,655 over 24 monthly payments at $193.95.
Some of the well-reviewed brokers to look at are Prosper Healthcare Loans, LightStream, and SoFi. You can also check out Personal Loan Reviews.