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    Hair Restoration Loans Compared: LendingClub vs. Laurel Road

    Hair transplantation surgery is a popular medical procedure that can restore confidence and improve the appearance of both men and women. If you’re thinking of investing in this type of treatment, you’re probably curious about financing options like LendingClub loans for hair restoration

    In this article, we’ll take a look at the process involved in hair restoration, the costs you may need to cover, and the available lending options.

    What Is A Hair Restoration Loan?

    Hair transplantation surgery is almost always an elective procedure. That means that most patients will need to pay for it using some type of lending option.

    • Hair restoration loans are a specific category of medical loans. These unsecured lending products feature online applications and you’ll need a regular income and FICO score above 600 to increase your chances of approval
    • The interest rate and fees payable on your loan, which makes up its APR, will vary according to your credit score
    • Like all installment loans, this type of lending product will require you to make monthly payments until the end of your loan term, when the full amount will be repaid. This is different from a medical credit card which allows you to carry the full balance so long as you make the minimum monthly payment

    LendingClub  vs. Laurel Road

    LendingClub and Laurel Road medical loans are two of the leading options for plastic surgery. Here’s a comparison of these two lenders and their offerings. 


    APR Range

    FICO Score Required

    Loan Amounts

    Laurel Road 

    8.01% - 20.06%

    660 or higher 

    $1,000 - $45,000


    10.68% - 35.89%

    600 or higher

    $1,000 - $40,000

    What To Compare

    When you compare different loan options, it’s important to use the same set of criteria for each. Here are some factors to keep in mind as you research different lenders and their offerings.

    • Fees & APR: A loan can end up costing you significantly more if you have to pay high-interest rates and added fees. You can compare the APRs of different loans to see which ones are more affordable
    • Additional Fees: You’ll want to find out if your lender charges administrative fees, late payment fees, and early settlement penalties. Once you narrow down your choices to two or three loans, you can visit the lenders’ websites to find out exactly how their fee schedule works
    • The Minimum Loan Amount:  If your hair restoration procedure costs less than the lender’s minimum loan amount, you could end up borrowing money that you don’t need and requires you to repay it with interest. You can save money by finding a loan amount that closely matches your requirements

    How Much Does A Hair Transplant Cost?

    Hair restoration surgeries can differ greatly in price. Here are some of the most common surgery types, along with the estimated costs of each.

    • Follicular Unit Grafting (FUG): This procedure involves removing a strip of skin with hair attached and transplanting it on another part of the body
    • Follicular Unit Extraction (FUE): This requires the surgeon to remove individual hairs and transplant them into hair follicles in the area of baldness
    • Platelet-Rich Plasma therapy (PRP): This advanced technique uses plasma (a component of the patient’s blood) to promote hair growth

    FUG is the least expensive procedure, with FUE and PRP increasing in price. Depending on the therapy you choose, you could pay anywhere from $4,000 to over $30,000 for hair transplantation surgery.

    How To Look After Your Hair After A Transplant

    Hair transplantation is a delicate operation that can take several weeks to settle. During this time, you’ll want to resist the urge to style your hair excessively and give it time to regrow fully.

    • Don’t Wash It Straight Away: You may need to wait two or three days after your procedure before you shampoo your hair
    • Avoid Strenuous Activities: Excessive sweating can interfere with the healing process. Therefore, you may want to limit activities like the gym or running for a few weeks
    • Take The Necessary Medication: It’s important to stick to the treatment plan recommended by a doctor. This will help ensure that your hair regrows healthily and permanently

    Bottom Line

    Hair transplantation surgery can make a huge difference in your appearance and self-confidence. This type of elective surgery may not be cheap, but there are many excellent medical loans available to help you pay for it.

    Choosing the most effective and affordable treatment and financing it at the most competitive APR you can find could put you on the path to a life-changing transformation.