Best IVF Loans in 2024

Personal loans to finance your fertility treatments

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LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Written by Amanda Push | Edited by Jessica Sain-Baird and Pearly Huang | Reviewed on October 31, 2023

Top lenders for IVF loans

Avant logo

Avant: Best for IVF loans for bad credit

APR range 9.95% - 35.99%
Loan amounts$2,000 - $35,000
Loan terms24 to 60 months
Origination feeUp to 9.99%
Minimum credit score580
ProsCons

  Bad-credit borrowers may qualify

  Funding within one business day

  Small minimum loan amount

  Maximum APR up to 35.99%

  Not available in all 50 states

  Charges an origination fee

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Discover personal loans logo

Discover: Best for IVF loans for good credit

APR range7.99% - 24.99%
Loan amounts$2,500 - $40,000
Loan terms36 to 84 months
Origination feeNone
Minimum credit score720
ProsCons

  Doesn’t charge an origination fee

  Competitive maximum APR

  Long repayment terms

  Bad-credit borrowers won’t qualify

  No option for joint loans

  Late fee up to $39

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LightStream logo

LightStream: Best for IVF loans with long repayment terms

APR range6.99% - 25.49% (with autopay)
Loan amounts$5,000 - $100,000
Loan terms24 to 84 months
Origination feeNone
Minimum credit scoreNot specified
ProsCons

  Long and short repayment terms

  Doesn’t charge fees

  Offers up to $100,000

  Doesn’t allow for preapprovals

  Bad-credit borrowers won’t qualify

  Large minimum loan amount

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Prosper logo

Prosper: Best for IVF loans with competitive rates

APR range8.99% - 35.99%
Loan amounts$2,000 - $50,000
Loan terms24 to 60 months
Origination fee1.00% - 9.99%
Minimum credit score560
ProsCons

  Offers competitive minimum APR

  Allows for co-applicants

  Funding within one business day

  Charges an origination fee

  Funding may take up to three days

  High maximum APR

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Rocket Loans logo

Rocket Loans: Best for IVF loans with fast funding

APR range9.116% - 29.99% (with autopay)
Loan amounts$2,000 - $45,000
Loan terms36 or 60 months
Origination feeUp to 9.00%
Minimum credit score640
ProsCons

  Same-day funding available

  Offers autopay discount

  Fair-credit borrowers may qualify

  Limited loan terms

  Charges an origination fee

  Loans not available in all 50 states

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SoFi logo

SoFi: Best for large IVF loans

APR range8.99% - 29.99% (with discounts)

Pricing Disclosure

Fixed rates from 8.99% APR to 29.99% APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 02/06/2024 and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-7%, which will be deducted from any loan proceeds you receive. Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi. Direct Deposit Discount: To be eligible to potentially receive an additional (0.25%) interest rate reduction for setting up direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A. or eligible cash management account offered by SoFi Securities, LLC (“Direct Deposit Account”), you must have an open Direct Deposit Account within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled payroll direct deposits of at least $1,000/month to a Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion. This discount will be lost during periods in which SoFi determines you have turned off direct deposits to your Direct Deposit Account. You are not required to enroll in direct deposits to receive a Loan.
Loan amounts$5,000 - $100,000
Loan terms24 to 84 months
Origination fee0.00% - 7.00% (optional)
Minimum credit score680
ProsCons

  Offer large loan amounts

  Origination fee not required

  Offers flexible terms and amounts

  Origination fee required for lower rates

  High minimum loan amount

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What is an IVF loan?

An IVF loan — also referred to as a fertility loan — is a type of personal loan used for fertility treatments, specifically in vitro fertilization (IVF). IVF is an option that some people use if they’re struggling with infertility, want to avoid passing on genetic issues or want to preserve fertility in general.

IVF financing can come in the form of unsecured or secured loans, though unsecured loans are more common, meaning you won’t need to put up collateral. IVF loans are provided in lump sums and come with fixed interest rates and monthly payments.

However, while there are personal loans that can be used for IVF, there are also specific IVF-alternative financing options.

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How do IVF loans work?

IVF loans work like traditional personal loans. You’ll receive your loan in a lump sum and it will come with a fixed annual percentage rate (APR) and monthly repayment.

Unlike credit cards, IVF loans have hard stop dates, as long as you keep to your payment schedule. Loan lengths can last anywhere from 12 to 84 months, though some lenders may offer longer or shorter terms.

Fertility loans may also come with origination fees. These are administrative fees that some lenders charge and they typically come out of your total loan amount.

IVF loan pros and cons

While using a personal loan to finance your fertility treatments can be a good fit for some people, it’s not a one-size-fits-all solution for covering that expense. Consider these benefits and drawbacks before taking out an IVF loan.

ProsCons

  Interest and payments are fixed so you’ll know what to budget each month

  Your term will let you know exactly when your loan will be paid off

  If the lender reports to the credit bureaus, an IVF loan could help build your credit

  Some lenders charge an origination fee that can be as much as 12% of your total borrowed amount

  If you have bad credit, you could pay up to 36% APR

  If you miss any payments on your loan, it could significantly bring down your credit score

How much is IVF?

Whether you’re getting surgery or financing fertility treatment, medical loans can come at a steep cost. A single IVF cycle can cost an average of $14,000 to $20,000. However, the cost of IVF treatments can look different for everyone depending on their insurance and what procedures they need done.

If you break down the cost of each procedure per cycle, your IVF costs may look something like this:

  • Medications: $3,000-$6,000
  • Intracytoplasmic sperm injection: $1,000-$2,500
  • Assisted hatching: $500-$1,500
  • Preimplantation genetic testing: $2,500-$12,000
  • Embryo cryopreservation: $2,000-$4,000
  • Anesthesia: $500-$1,500

How to apply for an IVF loan

The process for getting an IVF loan is similar to getting any other type of loan. Here’s what you may encounter during the application process:

  • Check your credit score. Knowing your credit score can guide you toward which lenders you’ll most likely qualify with. It can also give you an idea of what sort of rates you may receive since lenders use your credit score to decide how much interest to charge you.
  • Create a budget. Once you know your credit score and estimated APR, you can build a budget. A budget can give you an idea of how much you can afford to pay each month on your IVF loan. You can determine your potential monthly payment by using a personal loan calculator.
  • Prequalify with multiple lenders. Many lenders allow you to prequalify for a personal loan at no cost to your credit score. This allows you to see what potential rates, terms and loan amounts lenders may offer you. Keep in mind, these offers are not set in stone.
  • Choose a lender. After you prequalify with multiple lenders, narrow your search down to one lender. You’ll likely need to fill out a formal application and verify any information you provide such as your identity and income. The lender will also run a hard credit pull which can cause your score to drop, though only by a few points.
  • Close on your loan. If your lender decides to officially approve you for an IVF loan, you’ll need to sign a loan agreement. The contract will outline the terms of your IVF loan so it’s important to understand what you’re signing. Each lender’s personal loan funding timeline will vary.

How to pay for IVF with bad credit

Bad credit can make it difficult to qualify for an IVF loan, but not impossible. Aside from bad credit loans, which can come with high APRs, there are other routes you can take that you can qualify with but also save money.

  • Credit score improvement: Though it can add time to the process, if you improve your credit score, you’ll boost your approval odds and secure much lower rates. In some cases, it may be possible to raise your credit score by 100 points in 30 days.
  • Family loans: To save money on interest and fees, consider taking out a family loan. Your loved ones may be willing to lend you money at a lower cost than a traditional lender would. Keep in mind that borrowing money can also create tension in your family, so it may be wise to create a personal loan agreement that both you and your lending family member sign.
  • Cosigner loans: If your credit isn’t strong enough for you to qualify for a loan on your own, consider a cosigner loan. This allows you to add a second person to your loan application, usually a friend or family member. With a cosigner loan, you’ll both be legally responsible for making sure the loan gets paid off.
  • Secured loans: While most IVF loans don’t require collateral, some lenders offer secured loans. This means you’ll need to back your loan with a valuable asset, typically a vehicle or savings account. If you don’t keep up with payments, your lender may repossess your collateral.

How to pay for IVF: Alternative options

A personal loan isn’t the only way to finance fertility treatments. Consider these other options if you’re not sure an IVF loan is the right choice for you:

  • Fertility clinic loan:Because IVF is such an expensive medical procedure, some fertility clinics offer their own in-house financing or partner with medical lenders. When you visit your fertility clinic, ask about whether you can break up the cost of your treatment into installments.
  • IVF grant:If you want to avoid taking out a large amount of debt, look for nonprofits that offer grants for fertility treatments. Be sure to check the eligibility criteria as many nonprofits base their decisions on factors like insurance coverage, income and location. You can search databases like CoFertility for fertility grants.
  • Credit card: A medical credit card can help you cover procedures such as fertility treatments. If you want to save on interest, you could instead apply for a 0% intro APR credit card. This allows you to avoid paying interest for an introductory period of time after you take out the credit card.
  • Home equity loan or HELOC: Home equity loans and home equity lines of credit (HELOCs) are secured debt that allows you to tap into the equity you’ve built into your home. While home equity loans have fixed rates and terms, HELOCs have variable rates. Both, however, are backed by your home so if you’re unable to keep up with payments, your lender may seize it.

How we chose the best IVF loans

We reviewed more than 28 lenders that offer IVF loans to determine the overall best six lenders. To make our list, lenders must offer competitive annual percentage rates (APRs). From there, we prioritize lenders based on the following factors:

  • Accessibility: Lenders are ranked higher if their personal loans are available to more people and require fewer conditions. This may include lower credit requirements, wider geographic availability, faster funding and easier and more transparent prequalification and application processes.
  • Rates and terms: We prioritize lenders with more competitive fixed rates, fewer fees and greater options for repayment terms, loan amounts and APR discounts.
  • Repayment experience: For starters, we consider each lender’s reputation and business practices. We also favor lenders that report to all major credit bureaus, offer reliable customer service and provide any unique perks to customers, like free wealth coaching.

LendingTree reviews and fact-checks our top lender picks on a monthly basis.

Frequently asked questions

Whether IVF is covered by insurance depends on your providers as well as where you live. State laws can differ as to whether an insurance company must cover IVF. To see your state legislation, Resolve: The National Infertility Association provides insight into state fertility insurance laws.

If you have a good credit and can qualify for low rates, an IVF loan may be a good option for you. However, if you’re affected by bad credit or can’t afford the monthly payments, a personal loan may not be a good fit to pay for IVF.

There are many ways to afford IVF including applying for a personal loan or applying for a credit card. If you don’t have good credit or don’t want to take on debt, you can also research fertility treatment grants.