Payment Plans

BEAUTIFI

AFFIRM

Frequently Asked Questions

Can Patients Apply for a Loan, Get Approved, and Receive their Treatment all While at the Clinic?

While patients can begin the financing process at the clinic, approvals and funding typically take at least 4 hours. We recommend patients apply in advance when possible, to allow time for review and ensure they can proceed with their appointment stress-free.

How Long Does It Take for a Patient to Receive an Approval?

Patients receive an instant loan approval decision upon application submission. Beautifi will call the patient within 1 business hour and can be ready to fund a treatment within the same day. If the patient submits an application via the merchant led link, our customer care team will call them within 5 minutes (during business hours). Approvals may take longer if we require a co-signor or additional information.

What Is Approval Based On?

Approvals are based on an applicant’s creditworthiness, income, debt-to-income ratio, employment history, and other financial factors. Credit score and income are the two main factors in determining approvals and interest rates offered.

What Percentage of Patients Are Approved for a Loan?

On average, more than 75% of patients are approved for a loan with Beautifi. The remaining 25% are referred to our sub- prime partner, Spring Financial, who will typically approve about half of the applicants.

What Is the Minimum Income Required for Approval?

While Beautifi has no set minimum income, patients with less than $2,500 in monthly pre-tax income will typically not qualify for a loan.

What Is the Minimum Credit Score to Get Approved?

Beautifi will typically approve patients with a credit score of 525 or higher. Patients with a credit score below 600 will likely be referred to our sub-prime partner for approval

How Does the Clinic Get Paid?

Beautifi pays the clinic directly via EFT or cheque. Payment is issued in advance of the service or treatment, and confirmation is sent to the clinic via email once the funds have been deposited.

When Is the Ideal Time for Patients to Apply?

Patients should apply for financing as far in advance of their appointment as possible so they can attend their consultation with the peace of mind that financing has been approved.

Do Patients Need to Finance the Entire Amount of the Treatment?

Patients can choose to finance all or just a portion of their treatment or procedure amount. However, Beautifi will always approve them for the highest amount we can allow.

Can Patients Pay Off Their Loan Early?

Patients can pay off their loan at any time with no pre-payment penalties or fees.

Will Applying Affect the Patient’s Credit Score?

Applying with Beautifi does not affect your patient’s credit score. We perform a soft-credit check, which does not show up on the patient’s bureau, so there is no risk in applying.