How to Get Loans for Surgery – The Complete Guide

Posted by in Loans | Updated on August 25, 2022

Having a medical condition that needs surgery is not only troublesome physically, but financial pressure associated with the medical costs further add to the worry. It is even more difficult to cope up with an unexpected expense when you are an immigrant or a visa holder and have to take care of an outstanding bill. You might not have the required financial aid at your disposal, and arranging the funds immediately is not as easy as it sounds.

How Much Does Surgery Cost?

The surgery costs, typically, vary from one procedure to the next. This is mainly because there are a lot of add-on expenses that are added to the medical bill.

Operating room costs are one of the most important. These are mostly charged on an hourly basis. This is followed by the surgeon’s fee and the anesthesia costs. Prior to this, there are a bunch of pre-surgery costs that are taken care of. This includes frequent surgeon and doctor visits, necessary injections, and the likes. Hospital charges are also included in the total surgical cost. Finally, there are some deductions made from the insurance company and some non-medical expenses like travels and childcare and the likes.

The cost of surgeries varies accordingly. For instance, a cornea surgery might cost you $17,000, but an angioplasty might be double of that. On the other hand, you could get a hip replacement for $30,000 while a heart valve replacement might cost you a whopping $170,000!

How to Pay for Surgery Costs?

Paying for surgery costs might be quite the pain. This is especially difficult when you are not covered by insurance. And when there is some medical emergency in question, getting money quickly is of the essence.

There are different programs that one can seek help from. This could include the Medicaid program. Otherwise, here are some ways in which you could fund the surgery costs.

Borrowing from Retirement Savings

While borrowing from retirement savings is not ideal, sometimes this is the only option ahead of us during medical emergencies. When it comes to the 401k or 403b retirement plans, you could take a loan against the accumulated funds. But, there is a catch here. The individual can use up only about 50% of the balance with a limitation of up to $50,000. This might not be sufficient for most surgeries. Besides, immigrants, who have not been working in the country for too long, might not have a lot of retirement funds saved up as well!

Home Equity Loans

This is another useful option while paying for surgery costs. You have the option to take a loan against your property. How does this work? For instance, the current valuation of your property is $300,000. However, based on your repayment history to the bank, you owe $200,000 as of now. Thus, you could take a loan against the excess $100,000. The advantage here is that these loans are easier to obtain. However, a lot of immigrants in the US do not own properties in the country. As a result of this, they are unable to secure a loan for their medical expenses.

Medical Crowdfunding

Medical crowdfunding involves raising funds through campaigns and donors. While this might look like a rather easy solution at first, the amount of money generated might not always be sufficient for the surgery costs. Besides, there is gross uncertainty about how much money a particular campaign can pull up.

Personal loans

Personal loans call for high-interest rates, but still are the most convenient option for paying for medical costs. Since there is no collateral in the form of your house or property, this loan is unsecured and is mainly reliant on your income and credit score. Sometimes, there are different personal loan offers that are provided by the respective hospitals and surgeons. The idea is simple. This is a quick method of generating sufficient money. If the interest rate is decent, it is best to opt for this option.

Getting a Surgery Loan with Stilt: 3 Simple Steps

While the methods mentioned above might work fine for a few, but more often than not, they either attract high-interest rates or are not feasible. Thankfully, Stilt is here to your rescue and can provide you with the immediate financial assistance at the times of need.


All you need to do is visit their website, and go through the online loan application procedure. The entire process is simple. You are only required to fill out an application form with all the details, and support it with relevant documentation.

A Stilt representative will then contact you for quick verification and will cross-check the facts. If everything is in line, your surgery loan application will be approved and you will be notified with an email and a call.

Receive Your Funds and Pay Your Bill

Once approved, you will be asked to sign a promissory note and the funds will be released to you after the required formalities are done. Usually, the entire process is quick and simple and takes just a couple of business days.

Start Making Monthly Payments

You can get the surgery done with the disbursed amount, or alternatively, you can pay the outstanding bill against the surgery, and focus on your health. Recover yourself, and keep making monthly payments to pay off the loan!

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Surgery costs are unexpected, and at times, they are a way beyond your financial capabilities. While alternative methods to deal with the surgery costs can come to your rescue, an even better option here is to get a surgery loan. Your post-surgery recovery depends on how relaxed and healthy you are without worrying about the bills and other payments.

Need a Loan? Get One in 3 Simple Steps

If you are considering applying for a personal loan, just follow these 3 simple steps.


Apply online for the loan amount you need. Submit the required documentation and provide your best possible application. Stronger applications get better loan offers.


If your application meets the eligibility criteria, the lender will contact you with regard to your application. Provide any additional information if required. Soon you’ll have your loan offer. Some lenders send a promissory note with your loan offer. Sign and return that note if you wish to accept the loan offer.


The loan then gets disbursed into your U.S. bank account within a reasonable number of days (some lenders will be as quick as 2-3 business days). Now you need to set up your repayment method. You can choose an autopay method online to help you pay on time every month.


About Stilt

Stilt provides loans to international students and working professionals in the U.S. (F-1, OPT, H-1B, O-1, L-1, TN visa holders) at rates lower than any other lender. Stilt is committed to helping immigrants build a better financial future.

We take a holistic underwriting approach to determine your interest rates and make sure you get the lowest rate possible. 

Learn what others are saying about us on Google, Yelp, and Facebook or visit us at If you have any questions, send us an email at [email protected]