Hair loss is one of the most common problems worldwide and as well as in India. It affects self-confidence a lot. This problem can be resolved with hair transplantation procedures. However, a hair transplant can be very expensive and not everybody may be able to afford it in one go. You can take a DMI Finance personal loan for hair transplant surgery.
In this blog, we’ll discuss everything you need to know about hair transplant costs and how a DMI Finance personal loan can help you out.
The price of undergoing hair transplantation varies a lot and depends on a lot of factors. Here are some of the main factors:
1. Number of Grafts Required
It is one of the key parameters determining the overall cost. A graft is a small unit of your hair that contains hair follicles. The higher the number of grafts needed, the higher the price.
Clinics usually calculate the cost based on the number of hair grafts required by the patient. It ranges from ₹25 to ₹100 per graft.
2. Technique
The following methods are used today:
FUE is one of the most preferred transplant methods, since it provides faster results and causes less pain and scar formation.
3. Clinic and Surgeon Expertise
Like any cosmetic procedure, hair transplantation surgery depends greatly on the expertise of the surgeon performing the operation, as well as the equipment and conditions of the clinic.
4. Location of the Clinic
Costs differ across cities and regions. The cost for hair transplantation will be higher in metropolitan and big cities compared to Tier 2 and Tier 3 cities.
Here is a typical bracket of cost that you can expect when opting for a hair transplant:
These costs are the main reason why patients apply for a personal loan for a hair transplant.
Since hair transplant surgery is considered to be a cosmetic treatment, it is not covered by any insurance. Thus, the entire sum of money has to be paid by the patient himself. However, it is a costly procedure, and you may not have the necessary savings to undergo the procedure. Hence, a personal loan can help you to fund your hair transplant treatment, and following are the reasons to choose a DMI Finance personal loan:
Here’s the step-by-step application process to apply for a DMI Finance personal loan:
Here are the basic criteria for a DMI Finance personal loan:
| Criteria | Details |
| Age | 23 to 52 years |
| Monthly Income | ₹25,000 or more |
| Employment Type | Salaried or Self-employed |
| Minimum Credit Score | 700 |
To apply for a debt repayment loan in India, you will need the following documents:
A lot of borrowers don’t fully understand how much loan amount they should borrow. Sometimes, the loan amount they borrow is either too large or too small. So, here are some steps that will help you figure out the total loan amount you should borrow:
Step 1. Proper Consultation
Do not assume or calculate the costs of the procedure without consulting a professional. Get a consultation at the clinic and discuss the sum required by a professional.
Step 2. Consider Additional Expenses
Add extra costs, including:
Step 3. Do Not Over-Borrow
Avoid borrowing more than you need for the transplant, as it will cause more financial pressure and can make it difficult for you to repay the EMIs.
Step 4. Consider Your EMIs
An EMI (equated monthly instalment) is the amount of money that you have to repay every month throughout the loan repayment tenure. Proper planning is very important for this purpose. You can use DMI Finance personal loan EMI calculator to plan your monthly budget for a loan repayment.
Taking a personal loan for hair transplant surgery gives you the freedom to undergo the procedure without affecting your savings or wait for longer time to have enough funds for your surgery. However, before you take a loan, make sure to manage your finances properly and consider all the factors before signing the fine print. Click here to apply for a personal loan with DMI Finance to manage your hair transplant expenses.
1. Can I get a loan approved before finalising my hair transplant clinic?
Yes, you can get pre-approved and then decide when to borrow the money.
2. Will lenders ask for proof of the hair transplant procedure?
Some lenders will require the estimated or exact cost, but with DMI Finance personal loans, you do not need to provide any medical proof.
3. Can I increase my loan amount later if the procedure cost rises?
No, you can choose the loan amount while applying for a loan.
4. How soon do I have to start paying EMIs after loan disbursal?
You will have to pay within 30 days after loan disbursal.
5. Can freelancers or self-employed individuals get this loan easily?
Yes, whether you are a freelancer or self-employed individual, you can apply for a DMI Finance personal loan. We do not ask for salary slips to process our personal loan application.
6. What happens if I delay my EMI payments?
Delayed payments can attract penalties and negatively impact your credit score.
7. Will taking this loan affect my chances of getting another loan later?
Yes, it can impact your eligibility if it increases your overall existing debt.
8. Should I take insurance along with the loan?
Loan insurance can be helpful as it covers repayment in case of unexpected events like job loss or illness.
9. What is the tenure for a Hair Transplant Loan?
DMI Finance offers personal loans for a tenure range of 6 months to 48 months. You can use this loan to fund your hair transplant treatment.
| Personal Loan of Different Amounts | ||
| ₹50,000 Personal Loan | ₹1 lakh Personal Loan | ₹2 lakh Personal Loan |
| ₹3 lakh Personal Loan | ₹4 lakh Personal Loan | ₹5 lakh Personal Loan |
