Study reveals increase in loans for cosmetic surgery

The number of people who are taking out loans to cover the cost of cosmetic surgery is increasing.

This is according to research conducted by Sainsbury's Finance.

Around 800 loans were taken out by the group's customers in order to pay for the procedures.

Steven Baillie, head of loans at Sainsbury's Finance, said: "Although the majority of personal loans are taken out for the usual domestic reasons such as home improvements and buying cars, a significant number, even in today's economic climate, are used to fund more unusual expenditure such as cosmetic surgery."

The British Association of Aesthetic Plastic Surgeons reported an increase in the number of cosmetic surgery procedures carried out during the recession.

A rise of 6.7 per cent was recorded between 2008 and 2009.

However, men appeared to show the most dramatic increase in interest, with an 80 per cent rise in the number of breast reductions carried out on men during 2009 compared to the year before.

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