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According to the Society for Assisted Reproductive Technology, the average cost of in vitro fertilization (IVF) is between $10,000 and $15,000. Many insurance plans provide limited coverage or no coverage at all for IVF, so if you are hoping to pursue this treatment, you may face large out-of-pocket expenses.
The good news is, if you can't pay for IVF outright, you have many options for IVF loans. You can borrow the money you need either from a specialized fertility financing company, from a lender that makes healthcare loans, or from a general personal loan lender willing to provide funds that can be used for any purpose.
We've reviewed 20 total financing options, including some offered by each of these different types of companies, to help you find the best IVF loans for your situation.
Best Overall : LightStream
Why We Chose It
LightStream offers a fertility loan you can use for any treatments, including IVF or medications, making it our best overall option. Although not solely a fertility lender, LightStream offers a top-notch loan experience and fast approval with money distributed as soon as the same day.
Confidential online application process
Flexible loan amounts
$100 loan experience guarantee ensures you're satisfied with the process
Funding as soon as the same business day
High minimum credit score requirements
Not a dedicated fertility lender
No partnerships with clinics or pharmacies
LightStream is a division of Truist and offers personal loans for many purposes, including fertility loans. You can borrow between $5,000 and $100,000 and will get your money as soon as the business day you apply, so there's no delay in starting your care. The entire application process can be completed online and is private, so you can get your money without any hassle. Repayment terms range from 24 to 84 months, and borrowers can expect an APR between 5.73% and 19.99% (with autopay.)
This lender doesn't have a partnership with any fertility clinics or medication providers, so you'll need to apply for a loan yourself and use the proceeds for your care—which means it will be up to you to decide how much you need to borrow and to manage the money accordingly. LightStream also has a relatively high minimum credit score requirement; borrowers are generally required to have a credit score of at least 680.
Despite these drawbacks, LightStream is our top choice because it charges no fees, has some of the most affordable interest rates in the industry, and offers a $100 guarantee that you'll be satisfied with the borrowing process.
Best Streamlined Process : CapexMD
Why We Chose It
CapexMD is one of few lenders focused explicitly on fertility loans rather than just providing general loans, making it the most streamlined lending process where you can seamlessly go from application to care payments.
Dedicated IVF lender with partner clinics and pharmacies
Can use loan proceeds to pay for medication, IVF, and third-party services including egg donors or surrogates
Competitive interest rates
Has application fees and other fees
Funds are sent within two business days, which isn't as fast as some lenders
CapexMD specifically lends to those seeking fertility treatment options. It partners directly with fertility clinics and pharmacies that provide IVF medication. This can streamline the process of securing financing, and it also ensures the utmost confidentiality in the borrowing process, giving it the edge in the 'Best Streamlined Process' category. You can complete your entire application process online and will receive a decision within a day so you can move forward with borrowing quickly.
Rates on loans from CapexMD are competitive with other personal loan lenders, and you'll have a choice of flexible repayment terms. Their repayment calculator showed us rates that vary from 7.25% to 12%, with repayment terms up to 60 months.
There are also no annual fees associated with your loan. However, there is a $25 non-refundable application fee as well as a document preparation fee of $75 and an additional $15 per $1,000 borrowed up to a maximum of $150.
With CapexMD, you also have the option to finance Preimplantation Genetic Screening/Diagnosis (PGS/PGD) and incorporate payments to third-party providers such as egg banks or donor and surrogate agencies all in one loan. This can make repayment simpler and cheaper.
Best for Bad Credit : Avant
Why We Chose It
Avant provides loans of up to $35,000, even to eligible borrowers with low credit scores. Many lenders catering to borrowers with poor credit cap loans at a lower amount. In addition to low credit score requirements and flexible loan amounts, Avant offers plenty of loan options, and you can use the funds for numerous things, including IVF.
Low minimum credit score requirements
Funds available as soon as the next business day
Full-featured app to apply and manage your account or talk to a live person for help
Relatively high interest rates
Not a dedicated fertility loan provider
No partner pharmacies or clinics
Avant isn't a dedicated fertility lender but rather a personal loan lender with a low minimum credit score of 580, which is why it wins our category for bad credit. When you borrow from Avant, you are free to use the money for any purpose, including covering your fertility treatment costs.
Unlike many other lenders that cater to bad credit borrowers, you can borrow up to $35,000, which could cover your IVF cycle as well as any medications or add-ons you may need. Repayment terms range from 24 to 60 months. But because Avant has a low minimum credit score requirement, its rates are higher than most, ranging from 9.95% to 35.99%, depending on the FICO score, debt-to-income ratio, and annual income.
When you borrow with Avant, you can complete your application online or with your mobile device, but customer service support is also available via phone if you need help from a human during the process. You'll get your money as soon as the next business day after applying, and checking your rates and eligibility for a loan will not affect your credit score.
Best for Low Rates : SoFi
Why We Chose It
SoFi is our best option for low rates because it gives borrowers seeking IVF funding the potential to get lower rates than other options on this list.
Pre-qualification with soft credit check is available
No origination fee, annual fee, or late fees
High minimum credit score required
Not a dedicated fertility loan provider
Does not pay clinic or care providers directly
SoFi is widely recognized as one of the best personal loan lenders due to its competitive interest rates, ranging from 6.99% to 21.78%, which is why it gets the nod for low rates. SoFi offers IVF loans between $5,000 and $100,000, with no prepayment penalties or origination fees.
Not only does SoFi offer an affordable IVF loan that is completely fee-free, but it also offers unique borrower benefits. For example, unemployment protections allow you to pause payments if you lose your job, and SoFi will actually help you find a new position. You'll also have a choice of repayment terms and can pay back what you borrow over a period of time between two and seven years.
A SoFi loan can be the perfect choice for IVF its relatively low rates and lack of fees. However, SoFi does require a minimum credit score of 650, which is higher than some competitors require.
Best for Quick Funding : Future Family
Why We Chose It
Future Family is a dedicated IVF loan provider that allows you to get pre-approved in minutes and get funding in as little as 24 hours once your application has been signed. This speed is unmatched on this list, making it our best option for quick funding.
Competitive interest rates
Offers support from fertility coaches who are registered nurses
Future Family pays your IVF clinic directly
While interest rates are competitive, they aren't the lowest available
High minimum credit score requirement (680)
Clinics and third-party service providers must be approved by Future Family to receive payment
Future Family focuses on providing loans for IVF, egg freezing, and other fertility treatments. The fact that this lender is a dedicated fertility loan provider streamlines the borrowing process, enabling timely loan approval and fast distribution of funds to your fertility clinic and approved third-party providers such as pharmacies.
You can borrow between $5,000 and $50,000 through Future Family and choose a repayment term lasting as long as 60 months. Rates vary from 7% to 15% based on credit history and income. There are also no prepayment penalties to worry about.
With Future Family, it takes just two minutes to submit your application for pre-approval. Once you've been approved, the money for your IVF treatment can be paid out to your provider within a day so there's no delay in getting started. Borrowers who secure a loan from Future Family can often qualify for discounts on medication and lab work and have access to registered nurses who can serve as fertility coaches during the treatment process.
Compare the Best IVF Loans
|Company||APR Range||Minimum Credit Score||Term||Loan Amount|
|LightStream Best Overall||5.73% to 19.99%* with AutoPay||680||24 to 84 months||$5,000 to $100,000|
|CapexMD Best Streamlined Process||7.75% to 12.75%||Not disclosed||12 to 48 months||$2,500 to $25,000|
|Avant Best for Bad Credit||9.95% to 35.99%||580||24 to 60 months||$2,000 to $35,000|
|SoFi Best for Low Rates||6.99% to 21.28%||650||24 to 84 months||$5,000 to $100,000|
|Future Family Best for Quick Funding||7.99% to 15.99%||680||Up to 60 months||$5,000 to $50,000|
Guide to Choosing the Best IVF Loan
Determining Your Need for IVF Loans
If you’re interested in growing your family but don’t have the funds to cover fertility treatments, an IVF loan could be worth considering. There are generally two options for borrowers seeking a fertility loan:
- Fertility lenders
- General personal loan lenders
Fertility lenders offer dedicated financing for IVF, fertility medications, storing eggs, and related treatments. These lenders typically partner with pharmacies and fertility clinics, paying them directly for the cost of your treatments. Many fertility lenders also offer access to fertility coaches that can help answer your questions and offer support. Most loans also come with reasonable APRs and flexible terms.
Another option for financing your fertility treatments is to apply for a general personal loan. Personal loan lenders typically don’t place restrictions on how loan proceeds can be used, so you can likely use the funds to cover your medical costs. But unlike dedicated fertility lenders, a general lender won’t have partner pharmacies and fertility clinics. So you may have the added step of paying providers on your own. That said, the APR you might get with a general lender might be slightly lower than what you’d get from a dedicated fertility lender. For instance, LightStream offers an APR as low as 4.98% for qualifying borrowers, while Future Family’s lowest APR is 7%.
Comparing IVF Loans
Given the many IVF financing options available, choosing the best provider for your needs can be difficult. Consider the following factors to help narrow down your choices.
- Loan amount: Determining how much you'll need to cover the cost of your fertility treatments can help you find a loan that meets your needs. As you compare options, consider both the minimum and maximum loan amounts each provider offers. Depending on the provider you choose, you may be able to borrow up to $100,000 or as little as $2,000.
- Dedicated fertility lender or not: Some providers specialize in fertility loans, offering access to fertility coaches and direct payments to partner pharmacies and clinics. Other providers are general lenders, which generally don’t offer coaching or direct payment options. Determining whether you prefer a fertility lender versus a general lender can help you narrow down your options.
- APR range: It’s a good idea to compare APR ranges if you’re shopping for financing. A loan’s APR includes the interest rate you’ll receive as well as any upfront fees, such as origination fees, that you might need to pay. In general, a lower APR means that you’ll pay less in interest over time, but APR isn’t the only factor to consider as you shop for a loan.
- Fees: In addition to origination fees, which are generally included in the total APR, it’s important to look at other borrowing costs you might incur. Check if prospective lenders charge application fees, prepayment penalties, or late payment fees as well.
- Credit score requirements: Different lenders will likely have different credit score requirements for borrowers, so it’s also essential to consider this factor as you’re shopping for a fertility loan. In general, borrowers with excellent credit may have more loan options than borrowers with poor credit or a limited credit history.
Applying for an IVF Loan
The application process for a fertility loan or personal loan will be slightly different from lender to lender. For instance, some lenders may offer the option to pre-qualify for a loan. Pre-qualifying allows you to review the loans and terms you might get without impacting your credit score. To pre-qualify, you’ll generally need to submit some basic personal information and undergo a soft credit check—as opposed to a hard inquiry that can cause your credit score to drop by a few points.
Once you choose the best loan option and submit a formal application, you’ll be subject to a hard credit check as part of the approval process. It’s worth noting that not all lenders offer the option to pre-qualify for a loan. In that case, you’ll need to submit a loan application and undergo a hard credit check to view loans and terms.
As part of the application process, lenders will likely request personal information like your name, address, birth date, and Social Security number. You’ll also likely be required to provide proof of income and employment. And if you decide to work with a dedicated fertility lender, you will need to share which partner pharmacy or clinic you’ll be using for your treatments.
Since lenders typically don’t require collateral for fertility loans and personal loans, funds are generally disbursed to borrowers within a matter of days. The funding process can be longer with a loan that requires collateral, such as a home equity loan, as the lender may need to take extra steps like ordering an appraisal.
Frequently Asked Questions
What Kinds of IVF Financing Are There?
IVF loans can come from dedicated fertility lenders who often work directly with clinics and pharmacies. However, you aren't restricted only to using these IVF lenders. When you secure a traditional personal loan from a bank, credit union, or online lender, you can use the money for anything you want, including to pay for IVF.
IVF loans shouldn't be confused with IVF grants, as loans always have to be paid back but grants typically don't.
There are some grant programs out there that provide money to be used for IVF that you don't have to repay, including the Hope for Fertility Foundation and the American Academy of Adoption and Assisted Reproduction Attorneys' Charitable Trust. Each grant program has different eligibility requirements, so explore your options carefully and follow the instructions to submit your funding application.
Who Should Get an IVF Loan?
An IVF loan may be the right choice for you if a fertility care specialist has recommended you undergo in vitro fertilization and you don't have the funds to pay for your care.
IVF loans make the process costlier because you must pay interest on your loan. However, the interest rates from these loans are generally well below what you would pay on a credit card, so they can be a better alternative than charging treatment. However, you may wish to apply for IVF grants or consider using your savings or borrowing from loved ones before committing to take out a loan to pay for your fertility care.
What Does an IVF Loan Cost?
IVF loan costs could include:
- Upfront fees such as application fees or loan origination fees.
- Interest costs over the life of the loan, which will vary by lender and be determined based on your credit score, the amount you borrow, and your loan term.
The higher your loan amount and the longer your repayment timeline, the more expensive your total loan costs. These loans are typically personal loans that aren’t much different than others on the market. You won’t find as affordable rates as you will on a secured loan, like in real estate, but it will be more affordable than a high-interest credit card in many cases.
We found rates between 4.98% and 35.99%. Your rate will depend on your personal credit and income profile.
How We Chose the Best IVF Loans
To select the best IVF loans, we reviewed personal loan lenders as well as dedicated fertility loan providers. We considered loan fees, average interest rate, the amount you could borrow, the time to approval and distribution of funds, and the process for receiving the money. The goal was to find affordable loans that provide convenient financing obtained through an easy, confidential application process.