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LASIK surgery can be a very worthwhile procedure, but it is also one which can be very expensive and which is not often covered by insurance plans. Fortunately, there are a number of methods for financing LASIK surgery including arranging a payment plan with the surgeon and taking out a personal loan.
Many LASIK surgeons offer financing options to patients who cannot afford to pay the full cost of LASIK surgery immediately. In most cases this financing is in the form of a payment plan which is arranged between the surgeon and the patient prior to the procedure. Some surgeons will require a specific percentage of the total cost be paid prior to the procedure, while other surgeons will only require a small down payment before the procedure. Additionally, the interest rates, if applicable, may also vary from one surgeon to another. For these reasons, it is important to fully understand the financing options before undergoing the procedure.
Patients interested in financing LASIK surgery may also do so through loans from commercial lenders. Personal loans, as well as home equity loans, can both be used for this purpose. However, it is important to note the patient will likely receive more favorable loan terms if his credit score is above average than he would receive if his credit rating was poor.