Jason Sive, the director of surgical finance at FHI, said that now, more than ever, South Africans who could not finance their procedures were willing to put up valuable items as collateral for surgery-related loans.
“A lot of the people we deal with are people who are not able to afford the cost of procedures, or have only a fraction of the money to cover the cost.
“Now they are willing to invest more in getting it done and are putting up the necessary collateral and going through credit checks to get these loans.
“It’s important when people take out loans for cosmetic surgery that they take it for a long-term surgery, not for something they may want to change even before they have repaid the costs. We have had lots of people who do that and it’s not worth it.”
Due to the affordability of plastic surgery in South Africa, an increasing number of international tourists have been coming to South Africa for cosmetic procedures.
Hundreds of these so-called medical tourists flock to South Africa every year and often do so without fully disclosing the medical reasons for their visits.