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Best IVF Loans

Infertility affects about 1 in 8 couples. If you’re facing infertility, you might need in vitro fertilization (IVF) to help you get pregnant. Since IVF isn’t usually covered by insurance, you may have to pay high out-of-pocket costs to cover this treatment.

Best IVF Loans
Anna Baluch
Written by:Anna Baluch
Freelance Copywriter
Best IVF Loans

Many or all of the products featured here are from our partners who compensate us. This may affect which companies we write about and where the company appears on a page. However, any analyses, or reviews expressed in this article are those of the author’s alone, and have not been approved or endorsed by any partner.

According to FertilityIQ, the fertility research and education website, a single cycle of IVF treatment is usually around  $23,474. If your health insurance plan doesn’t pay for IVF or you don’t have health insurance at all, you’ll have to pay tens of thousands of dollars to take advantage of this life changing treatment. Unless you have a lot of cash at your disposal, IVF loans will come in handy. Our team of financial experts reviewed and ranked more than 30 online lenders to help you get funded.

Best IVF Loans

Best IVF Loans for 2023 - Full Overview

Best Overall
credible_logo
4.4

Credible: Best for Comparison Shopping

4.4
APR.
2.49% to 35.99%
Loan Amounts
$600-$100,000
Min. Credit Score
560+
Key Features
  • Checking rates does not affect credit score
  • Best rate guarantee
  • Allows you to compare loans from top-rated lenders
  • Loan amounts up to $100,000
  • No hidden fees
  • Easy online application
Pros & Cons
  • Competitive interest rates
  • No hidden fees or prepayment penalties
  • Low credit accepted
  • Flexible repayment terms
  • Excellent customer service
  • Not a direct lender
  • Rates will vary by lender
  • Some lenders may charge late fees
Overview

IVF is stressful enough without having to worry about the financing. Credible does the work for you by finding you a top-notch lender you’re qualified for. They offer competitive interest rates, no hidden fees or prepayment penalties, and excellent customer service. Applying does not cost anything and takes just a few minutes. Your credit score is not impacted during this time, so it’s worth filling out an application and seeing what rates and loan amounts you qualify for.

 

Main Features

Credible offers personal loans that can be used for IVF from $600 to $100,000, with rates starting at 4.60%. Credible is not a lender but a loan marketplace connecting you with reputable lenders within minutes. There are no hidden fees and low credit is accepted. To apply for a personal loan with Credible, simply fill out their easy online application. You’ll be matched with lenders you qualify for, and from there you can choose your loan amount, rate, and lender. If approved, you’ll sign for the loan and may receive funds as soon as the next business day.

Credible is a loan marketplace as opposed to a direct lender. They specialize in finding you a personal loan that’s the perfect fit for your situation. They can help answer any questions along the way and can walk you through the entire process. Whether you need a small loan of $600 or a large loan up to $100,000, Credible can help find exactly what you’re looking for.
 sofi review
4.6

SoFi: Best for Lower Rates

4.6
APR.
6.99% to 21.78%
Loan Amount
Up to $100,000
Min. Credit Score
680+
Key Features
  • No origination, prepayment, or late payment fees
  • Joint applications accepted
  • Offers .25% discount for autopay
  • Borrowers up to $100,000
Pros & Cons
  • Low rates: As long as you have good credit, you may be eligible for low interest rates.
  • Member-only perks: Upon approval, you can enjoy a variety of extra benefits that are exclusive to SoFi members.
  • Large loan amounts: SoFi will lend up to $100,000 to borrowers who qualify.
  • High eligibility requirements: SoFi generally looks for borrowers with good credit and a strong monthly cash flow.
  • May have to wait for funding: It can take a few days to receive your funds.
  • High minimum loan amount: SoFi loans start at $5,000, which can be an issue if you only need to finance a small amount of your IVF treatment.
Overview

If you’re in search of an IVF loan with low rates, SoFi is worth considering. It may save you hundreds or even thousands of dollars in interest.

 

Main Features

SoFi personal loans range from $5,000 to $100,000 with repayment terms of 2 to 7 years and interest rates between 6.99% to 21.78%. You need a credit score of at least 680 and must be currently employed or have a job offer that starts within 90 days.

For low-interest IV financing, a SoFi loan can be a solid choice, especially if you have good credit.
 upgrade_logo
4.7

Upgrade: Best for Bad Credit

4.7
APR.
5.94% to 35.97%
Loan Amount
$1,000-$50,000
Min. Credit Score
Not disclosed
Key Features
  • Funding as soon as the next day
  • Can be approved with fair credit
  • Variety of discounts on rates
Pros & Cons
  • Bad credit accepted; Upgrade will look beyond your credit score when they review your application.
  • Credit building tools: You can take advantage of several free tools that will help you establish a strong credit history.
  • Fast funding: Upon approval, you may receive your money within one business day.
  • Origination fees: Upgrade charges origination fees that range from 2.9% to 8%, which can increase the overall cost of your loan.
  • Late fees: In addition to origination fees, you may pay a late fee of up to $10 if you don't make a full payment within 15 days of when it’s due.
  • Not available everywhere: If you live in Iowa or West Virginia, IVF loans through Upgrade are not an option.
Overview

Upgrade offers IVF loans to all types of borrowers, including those with bad credit. You can get approved and start your IVF journey with a fair or low credit score.

 

Main Features

Upgrade offers loans that range from $1,000 to $50,000 with terms of 2 to 7 years and interest rates of 5.44% to 35.47%. The minimum credit score requirement is 560 and you need at least two accounts on your credit history as well as a debt-to-income ratio of no more than 75%.

If you’d like an IVF loan but don’t have the best credit, an Upgrade personal loan can meet your needs.
bestegg_logo
4.3

Best Egg: Best for Online Prequalification

4.3
APR
5.99% – 35.99%
Loan Amount
$2,000-$50,000
Min. Credit Score
Undisclosed
Key Features
  • Wide range of loan amounts available
  • Fast application process
  • Direct payments to creditors as an option
Pros & Cons
  • Easy prequalification: You may prequalify for free without any impact to your credit on Best Egg’s website.
  • Competitive rates for good credit: If you have a strong credit history, you may lock in a low rate that saves you hundreds or even thousands of dollars on your overall loan.
  • Next-day funding: According to Best Egg, almost half of its borrowers receive their money the day after they apply so you can cover your expense right away.
  • Only two repayment terms: Best Egg only offers two term options: three years and five years.
  • Origination fees: You may have to pay an origination fee between 0.99% to 5.99%.
  • Cosigners not allowed: Best Egg won’t allow you to apply with a cosigner so if you have bad credit, its IVF loan might not be a good fit.
Overview

Best Egg offers a prequalification tool on its website. You can check your rate for an IVF loan in minutes, without any impact to your credit score.

 

Main Features

Best Best Eggs loans range from $2,000 to $50,000 with terms of 3 or 5 years. Interest rates are between 5.99 and 35.99%. The lender requires a minimum credit score of 600, an annual income of at least $3,500, and a debt-to-income ratio of no more than 40% or 65%, including a mortgage.

If you’d like the chance to prequalify for an IVF loan before you fill out a formal application and commit to it, Best Egg is worth exploring.
lendingpoint_logo
4

LendingPoint: Best for Early Payoff

4
APR.
9.99% to 35.99%
Loan Amount
$2,000-$36,500
Min. Credit Score
580+
Key Features
  • Loans accessible to people with bankruptcies
  • Payment due dates can be customized
  • Borrowers prequalify without hurting their credit
Pros & Cons
  • No prepayment penalty: You can pay off your IVF loan early without paying a penalty.
  • Chance to prequalify: LendingPoint will allow you to prequalify so you can check your offer without any impact to your credit.
  • Fast Funding: Depending on when you apply, you can receive your loan funds the next business day after approval.
  • No joint applications: LendingPoint will not allow you to apply with a co-signer or co-borrower.
  • Origination fees: You may be on the hook for an origination fee of up to 6% of the loan amount, depending on where you live.
  • Doesn’t report to all bureaus: The lender might not report your payments to all three of the credit bureaus, making it more difficult to build your credit.
Overview

Paying off your IVF loan early can save you a lot in interest and give you some peace of mind. If you have plans to do so, LendingPoint might be a good choice as the lender does not charge prepayment penalties.

 

Main Features

LendingPoint offers loans between $2,000 to $36,500 with rates ranging from 9.99% to 35.99% and repayment terms from two to five years. You must have a minimum credit score of 580 to get approved and can pay off your loan early without penalty.

A LendingPoint loan is best if you want to repay your IVF loan ahead of your agreed upon term and lower your overall cost of borrowing.
lightstream._logo
4.3

LightStream: Best for Repayment Flexibility

4.3
APR.
2.99% to 19.99%
Loan Amount
$5,000-$100,000
Min. Credit Score
Not Disclosed
Key Features
  • Funding as soon as the same day
  • Allows joint applications
  • No origination fee
Pros & Cons
  • Flexible terms: You may get an IVF loan with terms between 2 to 7 years.
  • Low rates: As long as you have a solid credit score, you can qualify for a low rate, which can save you hundreds or even thousands of dollars on your loan.
  • No fees: LightStream doesn’t charge any fees, including origination fees, late fees, and repayment fees.
  • No prequalification tool: You won’t be able to check your offers from LightStream without hurting your credit.
  • High minimum loan amount: If you only want to borrow a few hundred or thousand dollars to fund IVF, you may find the minimum loan amount of $5,000 a bit too high.
  • Established credit history required: LightStream requires you have at least a few years of credit history.
Overview

A LightStream personal loan may be the way to go if you want the option to pay off your IVF treatment quickly or take your time. You can choose from terms ranging from 2 to 7 years.

 

Main Features

LightStream loans range from $5,000 to $100,000 with terms of 2 to 7 years and rates between 4.99% to 19.99%. The lender requires a minimum credit score of 660 and at least several years of credit with a strong history of on-time payments. .

If you’d like to choose from a variety of terms for your IVF loan, LightStream should be on your radar.
penfed_logo
4.4

PenFed: Best for Small Loan Amounts

4.4
APR.
4.99% to 17.99%
Loan Amount
$600-$50,000
Min. Credit Score
Not disclosed
Key Features
  • Low interest rates
  • No origination fees
  • You can apply with a co-borrower
Pros & Cons
  • Small loan amounts: You can get a PenFed loan that ranges from $600 to $50,000.
  • Minimal fees: PenFed doesn’t charge origination fees and prepayment fees, which can increase your overall cost of borrowing.
  • Mobile app available: You can manage your PenFed IVF loan through an intuitive mobile app.
  • Must join PenFed: Even though you can check your loan offers without joining, you must become a PenFed member to move forward with one.
  • No autopay discount: With PenFed, you won’t save money if you enroll in automatic payments, like you would with other lenders.
  • Limited payment date flexibility: PenFed does not offer an option to choose or change your payment date.
Overview

You may not have to borrow a lot of money for IVF if your insurance covers all or some of it, you receive grants, or you have adequate savings. If this is the case, an IVF loan from PenFed may be a good option as it offers small loans that start at $600.

 

Main Features

PenFed offers personal loans between $600 and $50,000 with repayment terms that range from 1 to 5 years. Interest rates are from 4.99 to 17.99%. While the lender does not disclose any minimum credit score requirements, you do have to join PenFed to take out a loan. This will require you to open a savings account with a minimum $5 deposit.

A PenFed loan is best if you’re in need of a small IVF loan with minimal fees.
freedomplus_logo
3.9

Freedom Plus: Best for Applying with a Cosigner

3.9
APR.
7.99% to 29.99%
Loan Amount
$7,500-$50,000
Min. Credit Score
620+
Key Features
  • Discounts for consolidation loans
  • Fast funding turnaround
  • Co-borrowers and co-signers allowed
Pros & Cons
  • Cosigners accepted: FreedomPlus will allow you to apply for an IVF loan with a cosigner.
  • Payment flexibility: You can choose your preferred payment date before you sign your loan agreement and even change it afterwards if you’d like.
  • Chance to prequalify: If you’d like to check your offers without any affect to your credit, you can prequalify on the FreedomPlus website.
  • Origination fees: FreedomPlus charges origination fees between 1.99% and 4.99% of the total loan amount.
  • High minimum loan amounts: The smallest loan you can take out is worth $7,500, which can be an issue if you only have a small expense.
  • Potentially high rates: If you and your cosigner don't have the best credit scores, you may have to accept a rate as high as 29.99%.
Overview

FreedomPlus accepts cosigners, which is great news if you don’t have the best credit. With FreedomPlus, you may get approved for an IVF loan with a cosigner with low rates and favorable terms.

 

Main Features

FreedomPlus loans go from $7,500 to $50,000 with terms of 2 to 5 years. Interest rates range from 7.99% to 29.99%. The qualification requirements are a credit score of at least 600 and a debt-to-income ratio of no more than 45%

FreedomPlus personal loans can be a good option if you would like to apply for an IVF loan with a cosigner and strengthen your application.
onemain_logo
4.2

OneMain Financial: Best for Fast Funding

4.2
APR.
18% to 35.99%
Loan Amount
$1,500-$20,000
Min. Credit Score
Undisclosed
Key Features
  • Offers joint and secured loans
  • Accepts low credit borrowers
  • Can fund a loan the same or next business day
Pros & Cons
  • Fast funding: You may be able to collect your funds via direct deposit the same day you apply.
  • Branch access: If you feel more comfortable applying for a loan and managing a loan in person, you’ll be able to do so at a OneMain Financial branch.
  • Seven-day cancellation policy: OneMain Financial allows you to cancel your loan within 7 days should you decide it’s not right for you.
  • No autopay discount: Unlike many other lenders, OneMain Financial doesn’t offer a rate discount if you sign up for automatic payments.
  • Origination fees: You may be responsible for an origination fee of 1% to 10% of the total loan amount or a flat fee of $25 to $500, depending on where you live.
  • High starting interest rate: Even if you have good credit, you may have to settle for a higher-than-average interest rate.
Overview

OneMain Financial offers IVF loans and fast funding. It’s one of the few lenders that can fund your loan the same day you apply. If you can’t wait long for the funds, OneMain Financial is a strong option.

 

Main Features

OneMain Financial loans range from $1,500 to $20,000 with repayment terms of 2 to 5 years and interest rates between 18.00% to 35.99%. While the lender doesn’t disclose any hard credit requirements, it does state that it uses a proprietary underwriting system to review your credit information and focuses on your repayment ability.

OneMain Financial is ideal if you’re in search of a flexible IVF loan with same-day funding, especially if you don’t have a stellar credit score.

How to Choose the Best IVF Loan

There is no shortage of IVF loans available. Each one has its own unique features, making it important to compare all your options. While ranking the best IVF loans of 2022, our experts focused on the following factors.

  • Loan Features: Loan amounts, terms, and repayment plans vary from lender to lender. If you’d like to cover all or most of the cost of IVF, large amounts, lengthy terms, and flexible repayments are essential.
  • Application process: Since it takes a lot of time and energy to go through the IVF process, an easy application you can complete in minutes is preferred. A prequalification option that allows you to check your offers without any impact to your credit score can also come in handy.
  • Interest rates and fees: Ideally, you’d choose loans that offer low interest rates and minimum to no fees. By doing so, you can lower the overall cost of your already expensive IVF treatment.
  • Qualification process: Some IVF loans cater to borrowers with good credit while others are more lenient and willing to lend to those with fair or bad credit. Since we believe everyone should be able to pursue IVF if they wish to, regardless of their credit standing, we looked at both options.
  • Customer support: Since IVF loans usually come with long terms, we prioritized those with easy access to customer support should you ever need it. It may be available via phone, email, live chat, or resources on the lender’s website.
  • Online user reviews: Third-party reviews and ratings on sites like Trustpilot and Better Business Bureau (BBB) provide an unbiased look at the lender’s reputation and track record. 
  • Perks and Bonuses: In addition to funding, some IVF loans offer perks like hardship assistance, mentoring, and credit score monitoring.

Best IVF Loans - Feature Comparison

SoFi4.6
Upgrade4.7
Best Egg4.3
LendingPoint4
LightStream4.3
PenFed4.4
Freedom Plus3.9
OneMain Financial 4.2
  • Est. APR - 6.99%–21.78% 
  • Min. credit score - 680
  • Loan Amount - $5,000–$100,000 
  • Loan Term - 2-7 years

Who should get an IVF loan?

If a doctor has diagnosed you or your partner with any of the following conditions and recommended IVF, you may be a good candidate for an IVF loan:

  • Serious endometriosis
  • Blocked fallopian tubes
  • Low sperm count
  • Unexplained infertility

An IVF loan might also be worth exploring if you’re using donor sperm or eggs or will be using the help of a gestational carrier or surrogate.

Types of IVF Financing

There are a number of ways you can finance IVF treatment, including:

Online Personal Loans for IVF

Online personal loans are a common way to pay for IVF. Upon approval, you can receive a lump sum of money upfront. You’ll repay it over time via fixed monthly payments over an agreed upon term, which can range from two to seven years.

When it comes to interest rates, they vary based on your credit score and borrowing amount. The lowest rates are reserved for those with the best credit. While you can typically borrow anywhere from $1,000 to $50,000, some lenders offer online personal loans up to $100,000.

Credit Union Loan

Credit union loans make sense if you’re already a member of a credit union or don’t have the best credit history. Most credit unions offer loans with low interest rates and flexible terms to their members. They’ll look beyond your credit and consider your reputation as a member when they review your application. Credit union loans are also known for personalized, in-person service.

Home Equity Loan and HELOC

With a home equity loan, you can borrow against the equity in your home, which is the difference between what you owe on your mortgage and what your home is currently worth. If you have anywhere between 10% and 20% equity, you may get approved for a home equity loan.

Since home equity loans are tied to your home and a lender will have the right to put it into foreclosure if you default on your payments, you can expect low rates and attractive terms. While a home equity loan will give you a lump sum of money upfront, a HELOC is a revolving line of credit you can pull funds from, up to a set credit limit.

Fertility Specialist Loan

Some lenders that offer IVF loans partner with fertility clinics and healthcare providers. To apply for a fertility specialist loan, you’ll need to pay an application fee. Upon approval, the funds will go directly to the fertility clinic you’re working with for IVF rather than into your personal bank account. CapexMD and ARC Fertility are two examples of lenders that offer IVF loans and organize IVF financing between fertility clinics and patients.

Credit Card

While there are many credit cards you can use to cover the cost of IVF, 0% interest cards are a good option if you know you can repay your balance before the intro period of anywhere between 12 to 21 months comes to an end. With a 0% interest card, you can slowly but surely repay your IVF costs without interest.

If you don’t believe you’ll be able to pay off your balance in time, you may want to pursue a different option as you’ll likely be charged a sky-high interest rate once the intro period is up. You can also consider medical credit cards, which often have low or no interest charges for a specific time period and are specifically designed to help pay for medical expenses like IVF.

HSA or FSA

Health savings accounts, or HSAs, and flexible spending accounts, or FSAs can help you save tax-exempt money to pay for qualified medical expenses, which may include IVF treatment. The caveat, however, is these accounts have annual contribution limits. For 2022, the maximum HSA contribution limits are $3,650 for an individual and $7,300 for family coverage. The maximum FSA contribution limit for 2022 is $2,850. Since these limits are lower than the cost of IVF, you will need to find other ways to fund the rest of your treatment.

IVF Grants

Fortunately, there are many IVF grants offered by a variety of organizations and foundations. Since they don’t need to be repaid, they’re worth exploring and applying for. Some of the most common IVF grant resources include:

  • Find a Grant - CoFertility: You can use this database to find grants, donated services, and discounted medications for your IVF journey. There are plenty of state-level and national opportunities listed on this free resource. Just select your state to find out which ones you may be eligible for.
  • BabyQuest Foundation | In Vitro Fertilization Financial Aid: Baby Quest Foundation provides a variety of fertility grants to those who cannot afford the high costs of procedures like IVF, gestational surrogacy, egg and sperm donation, egg freezing and embryo donation.
  • Footsteps for Fertility Foundation: Footsteps for Fertility works with several fertility clinics to provide funding gifts. It provides grants of $10,000 per grant and $5,000 in cash grants.
  • Coalition for Family Building: The Coalition for Family Building offers IVF grants from its partner practices. It’s a great option if you don’t have insurance coverage and plan to pursue IVF with your own eggs.
  • Tinina Q. Cade Foundation: The Tinina Q. Cade Foundation’s Family Building Grant is an annual award that provides up to $10,000 to those with infertility who demonstrate financial need. These grants are cash awards that are sent directly to each recipient’s fertility clinic.  The organization offers medication awards as well.

Crowdfunding

If you feel comfortable publicly sharing your infertility story, crowdfunding can be a great option. You can use a website like GoFundMe to collect donations from people who support your IVF treatment. You’ll be able to set a goal and won’t have to pay any fees to collect the funds. Even if you raise a little bit of money through crowdfunding, you can lower the costs of transportation, copays, pricey medications, and more.

How to Apply for an IVF Loan

While the process can vary slightly from lender to lender, there are basic steps you’ll need to follow to apply for an IVF loan.

  • Check Your Credit: Before you begin the application process, you should know where you stand credit wise as most lenders will consider your credit when they decide whether to approve you for an IVF loan. You can visit FreeCreditReport.com to pull copies of your reports from Experian, Equifax, and TransUnion for free. If you notice any errors or inaccuracies, dispute them with the appropriate bureau. Also, if your credit isn’t where you’d like it to be, focus on improving it. If you don’t have time because you want to start IVF as soon as possible, don’t worry. There are many lenders with lenient credit criteria.
  • Prequalify: Once you know what your credit looks like and what types of IVF loans you may be eligible for, prequalify. By doing so, you can explore various financing offers without any impact to your credit score. When you prequalify, you’ll need to provide basic information, like how much you want to borrow, how you’ll use the funds, your annual income, and the last four digits of your Social Security number. It’s a good idea to prequalify with at least three lenders.
  • Compare Loan Offers: Next, it’s time to compare the various IVF loan offers you received. When doing so, consider borrowing amounts, terms, interest rates, fees, and perks. You may also want to read lender rankings and reviews, especially if you’re stuck between two options.
  • Apply: Then, choose the best loan offer for your unique situation and go through the formal application process. Fortunately, most lenders will allow you to apply online within minutes. To apply, you’ll need to share a number of personal and financial details. You may also be required to submit documents like a government-issued ID, pay stubs, tax forms, and bank statements.

Tips for IVF Financing

While exploring IVF financing options, keep these tips in mind.

Understand How Much IVF Costs

A single cycle of IVF costs is usually around $23,474. Be sure to ask your fertility clinic for a clear list of what you can expect to pay so you know exactly how much funding you may need.

Be Realistic About Your Budget

You want to make sure that you can comfortably afford the IVF loan you take out. Do the math and calculate what type of payments you’ll be able to make without stretching your budget too far.

Take Changing Expenses Into Consideration

Remember that when your baby is born, you’ll have additional expenses. Keep this mind when you consider your budget and how much you can afford to spend on IVF financing.

Turn Your Dream of Parenthood Into a Reality with an IVF Loan

IVF is a revolutionary medical treatment that can help you become a parent. Whether you’re already a parent or dreaming of the day you have a little one, IVF loans may be just what you need to alleviate the financial burden of the treatment and set yourself up for a happy, fulfilling future.

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