Bariatric Surgery Financing for Bad Credit

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People seek bariatric surgery to battle extreme obesity that cannot be resolved through diet and exercise alone. With obesity as an ever-growing problem, you will constantly find people who need to undergo weight-loss surgery.

However, bariatric surgery is not covered through insurance, so you need to find other ways to finance this procedure. Many people avoid surgery because they’re not mentally ready for it or haven’t found a surgeon that they trust enough. The truth is that a lot of people simply can’t pay for the procedure, which is where the need for additional funds arises. A single surgery costs tens of thousands of dollars.

Generally, your health insurance won’t cover the procedure, and your hospital won’t accept payment in installments. At most, the hospital may provide a 30-90 day window for you to make the complete payment.

If you have bad credit, it is highly likely that even the bank will refuse your request for a medical loan, no matter how crucial the surgery is for you. This is where you need to look for other feasible options.

What is Bariatric Surgery?

Bariatric surgery is any procedure through which patients can lose large amounts of weight in a very short period. This may include a range of different processes, such as reducing the size of the stomach or adding a restrictive band to the stomach to eventually reduce the number of calories required by the body. Common procedures include:

  • Bariatric bypass
  • Gastric bypass
  • Slim band
  • Gastric sleeve

Financing Bariatric Surgery

Any invasive procedure like bariatric surgery can be quite costly. For the average patient, it’s not something they can afford to finance with their funds.

Some people have high credit limits that enable them to cover the cost of the surgery. Those with good credit scores can request for a bank loan, but for someone who is already in the process of paying back past debts, bariatric surgery financing becomes a problem. Such people need viable options for gaining timely credit which they can then use to pay for their surgery.

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Who is Eligible for Bariatric Surgery Financing?

Some people opt for bariatric surgery without having a dire need for it. To qualify for such financing, patients must meet certain criteria:

  • You need to undergo a proper diet and exercise regimen under a physician’s and dietician’s guidelines. If the weight loss is non-existent or practically non-existent, then surgery becomes the only remaining option.
  • You need to have a high BMI, such as a BMI of 40, or a somewhat-high BMI with other health concerns such as heart issues, diabetes mellitus, etc.
  • You need to be past puberty.
  • You need to be mentally ready to deal with the side effects of this drastic weight loss.
  • You need to be uninsured.

Your physician can help you figure out whether you meet these criteria.

Being Cautious with Your Bariatric Surgery Loan

The interest rate on your loan depends on the time frame within which you can pay back the loan, and yes, unfortunately, also your credit rating. You can still get a loan with a bad credit score, but the interest rate may be higher than the rate for someone with a perfect score.

If you have the ability and the option to pay back the loan within a shorter time frame, such as monthly installments over two years, then you may be charged a lower interest rate.


Before requesting a loan, make sure you plan your budget properly. Accommodate the cost of the surgery into your general expenses and figure out how you will pay this loan back over time. Also, make sure that any collateral you offer is entirely under your ownership.