The cost of carrying out a quality hair transplant can be considerable, so investigating your finance options is important. Hair restoration surgery at HRBR involves a team of highly skilled medical staff and technicians. In fact, there may be over 20 technicians, nurses and surgeons working on each patient. So, how do our patients pay for their hair transplants?
Hair Transplant Finance – Credit Union Loan
One great option for financing your hair transplant procedure is through a loan from your local Credit Union. This option has become increasingly popular with our patients. Credit Unions do offer loans for this purpose; self- improvement loans as they are called, are not uncommon.
In many cases it is not necessary to have been a member of your Credit Union before qualifying for a loan. You will obviously have to meet the loan repayment criteria and provide the required documentation. With repayments from under €32 per week to borrow €10,000 over 10 years several HRBR patients have chosen the Credit Union as their preferred option for hair transplant finance over the years. We have included more information about repayment amounts for some sample loans here. The rates have been provided by Core Credit Unions in South Co. Dublin, for more information visit their website
Financing a Hair Transplant – Savings
Some HRBR patients start their hair restoration journey with the FDA approved medical treatments. While this is not a permanent solution to hair loss, it can be an excellent first option as it helps to stabilise the hair loss and allows patients the time to save for a hair transplant if appropriate. A hair transplant is, however, the only permanent solution to hair loss.
HRBR Finance Option – AIB
HRBR is working closely with AIB in regards to offering finance options to our patients who reside in the Republic of Ireland. Financing on this scheme is subject to usual lending conditions and offers a ready-made, discreet solution for patients who would like to use the option of a personal loan to finance their hair transplant procedure. Applicants can apply over the phone, online or alternatively can opt to meet with our dedicated AIB Relationship Manager on site at HRBR or at in their local branch. AIB offers Loan approval within 3 hours (certain applications may take longer) and you can work out estimated monthly repayments here:
https://aib.ie/our-products/loans/personal-loan#comploancalculator
To find out more about AIBs finance options please visit www.aib.ie/loans
Spreading Out the Hair Transplant Procedure
This is a good option for patients who wish to spread the cost of their hair transplant out over time. Several HRBR patients have done this. For example, patients have an initial small hair transplant carried out and return for further work if they would like to treat another area of hair loss or to add density to the area previously treated..
Finance – Advice on taking out a loan
Nobody needs a hair transplant, it is elective surgery so we urge any patient considering a personal loan to weigh their options up very carefully. There are several useful tools available to calculate the cost of credit and assess your ability to repay. Here are links to MABs (Money Advice and Budgeting Service) and the Competition and Consumer Protection Commission website for more information on personal loans.
https://www.ccpc.ie/consumers/financial-comparisons/loan-comparison/
https://www.mabs.ie/downloads/publications/factsheets/MABS_Guide_to_Borrowing_2016.pdf
https://www.ccpc.ie/consumers/tools-and-calculators/loan-calculator/
CORE Credit Union – repayment examples
Below is some additional information on the repayments on loan amounts taken out for hair transplant surgery from CORE Credit Unions in Dublin (Foxrock, Dalkey, Sallynoggin, Shankill, Ballybrack and Dun Laoighre). Loan amounts and terms are negotiable and subject to lending terms and conditions. More information including a loan repayment calculator is available at https://www.corecu.ie/loans/
Hair Transplant Finance Information
For more information about hair loss treatments at HRBR and to discuss our financing solution, please contact our team on (01) 209 1000 or info@hrbr.ie
Disclaimer
The contents of this page should not be considered as financial advice, it should be taken as general information only.
Blog updated July 2018.
About the Author
Nicola Murray
Financial Director
BComm, MAcc, ACA, AITI
Nicola Murray is Financial Director at HRBR. She has worked with the company since 2010. She holds a first class honours degree in Commerce from UCD as well as a master’s degree in Accountancy from the Michael Smurfit School of Business. She qualified as a chartered accountant with Chartered Accountants Ireland in 2008. The following year she qualified as a chartered tax advisor with the Irish Tax Institute. Prior to joining HRBR, she has worked with some of the world’s leading firms including KPMG and Google.
