You’re probably aware that a hair transplant is very expensive. If you don’t have enough savings to cover the costs of the procedure upfront, there are several financing options available which may help you.
Find out more about financing options, treatment options and costs in our guide below.
- Borrow from $2,000
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Learn more about financing a hair a transplant...
Where can I get financing for a hair transplant?
There are several ways you can finance a hair transplant including:
- Applying for financing from your bank or credit union.
- Applying for a personal loan from an online lender.
- Applying for a loan from a lender that specializes in providing loans for procedures such as hair transplants.
- Looking for alternative financing methods including credit cards, lines of credit and short-term loans.
Compare your loan options to finance a hair transplant
What types of personal loans are available for hair transplant procedures?
- Unsecured personal loans. With an unsecured personal loan, you apply through a bank, credit union or online lender and request the necessary amount of funds. If the lender reviews and accepts your application, it will disburse the funds. You then make fixed repayments (usually monthly) for the term of the loan, which is typically anywhere from one to seven years. No collateral or security deposit is required with an unsecured loan.
- Loans from speciality providers. A number of standalone providers offer financing for medical and cosmetic procedures such as hair transplants. The terms may differ between providers and options may include personal loans or other types of payment plans. You may have more options, including secured or unsecured loans with fixed or variable interest rates.
How much does a hair transplant typically cost?
The cost of a hair transplant varies widely depending on several factors such as the unique goals of each patient, the particular area treated, the treatment or combination of treatments used and the bio makeup of each patient.
- For follicular unit extraction (FUE), the price is largely determined by the number of grafts you undergo. The price per graft can range anywhere from $6 to $12 per graft and the number of grafts needed for a routine hair transplantation can also vary widely, but ranges anywhere from a few hundred grafts for small bald patches to several thousand.
- Much like FUE, follicular unit transplant (FUT) is a similar procedure, however costs tend to sit 40-50% lower, with grafts ranging from $2.50 to $6 per graft.
- Besides FUE and FUT, there are other procedures like platelet-rich plasma (PRP), or even a combination of techniques.
Therefore, the total cost of a hair transplant is usually somewhere between $2,500 to $30,000 or more.
What types of hair transplants are available?
- FUT (Follicular Unit Transplant). This technique involves surgeons taking a strip of skin (full of healthy donor hairs) from the back of a patient’s head and then transplanting it into bald spots through tiny incisions made into the scalp.
- FUE (Follicular Unit Extraction). This is a refinement of the FUT technique and is one of the most widely used hair restoration techniques in the world. FUE involves the surgeon removing healthy donor hairs one-by-one. The hairs are then transplanted into balding spots without incisions. The entire procedure leaves no visible scars, unlike with FUT.
- PRP (Platelet-Rich Plasma) hair restoration. Also known as vampire hair restoration, this method involves using a patient’s own blood as the source of hair restoration. PRP is what heals our wounds and forms our cells (think of the yellowish fluid forming on a scab). For hair restoration, PRP is infused into balding areas of the scalp, which then creates new cells to regrow hair naturally. Blood is initially extracted from the patient and then inserted into a centrifuge machine to extract the valuable PRP, which is then injected into the scalp.
- Combination of techniques. More and more surgeons are using a combination of grafting techniques, such as FUE, with newer techniques in PRP, to combine the strengths of the two procedures. While a combination of techniques may get the best results, it’s also the more expensive option.
How to compare financing options
When comparing loans, take the following factors into consideration:
- Interest rate. Look for a competitive interest rate on your loan and make sure you’re aware of the difference between a fixed and variable interest rate. If you choose a variable rate, make sure you’re able to afford repayments, as the rate may increase throughout your loan term.
- Fees and charges. Pay attention to one-time fees like application fees and early repayment penalties. Some loans may also have ongoing fees such as monthly service charges.
- Total cost of the loan. Known as the APR or Annual Percentage Rate, this number takes into account both the interest rate and fees for the loan. Knowing the total cost of the loan will help you compare different lenders and loans — helping you make a better decision.
- Minimum loan amount. Pay attention to the minimum loan amount for each lender and make sure whatever option you’re considering provides the correct amount you need to finance your hair transplant. Over-borrowing can lead to financial strain down the road, so avoid taking out more than you actually need.
- Repayments. Make sure you’re able to make the required repayments on time and check to see if your lender provides any type of payment flexibility.
- Secured vs. unsecured. Your lender may require collateral, such as home equity or your car, to secure your loan. Keep in mind that if you ever fail to make repayments and default on your loan, your lender has the right to seize the collateral you’ve provided as security. Unsecured loans do not require collateral, however they often come with higher interest rates since they’re riskier.
What to watch out for
- Falling into a cycle of debt. Some lenders will offer you higher borrowing amounts than you actually need. Only borrow the amount you need since you’ll be paying interest on it.
- Failing to make your repayments. If you don’t make your repayments, you could default on the loan and have your collateral seized if you have a secured loan. Not only could you lose your home or vehicle, you will also damage your credit history and your ability to receive financing in the future.
- Applying for too many loans. When you really need financing, you may start applying to a number of different lenders within a short period of time, not knowing that lenders can see the number of times you have applied for a loan via your credit report. Too many hard pulls on your credit score can raise red flags with lenders.
Four tips to get the most out of a hair transplant
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- Avoid quotes that seem too good to be true. Sometimes doctors don’t include all of the costs that come with a hair transplant. If your doctor gives you a price per graft, ask for the full cost.
- Don’t wash your hair right away. Usually doctors recommend that you give your head of hair a rest for at least 48 hours — and only give it a gentle wash with shampoo and lukewarm water for at least two weeks after. Follow your physician’s directions.
- Stay away from the gym. Increasing your heart rate can affect the healing process. Try to stay from physical activity for at least the first week after you get your hair transplant — or longer if your doctor advises it.
- Take your medication. Often doctors prescribe medication to help with the healing process and reduce irritation and scarring. Try to avoid touching your head as much as possible.
Have more questions about hair transplant loans?