Best IVF Loans

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Final Verdict

The best IVF loans offer low APR rates with terms you can pay back and help you achieve your dreams of conceiving. We chose CapexMD as our Best Overall for its reputation as an industry leader, but each choice has a strong history of helping prospective parents.

Frequently Asked Questions

What Is IVF?

In vitro fertilization (IVF) is a form of assisted reproductive technology (ART) or fertility treatment involving fertilizing an egg in a laboratory and then implanting the embryo into the uterus. 

Doctors may recommend IVF to treat infertility due to a number of medical conditions, including:

• Endometriosis 
• Primary ovarian insufficiency
• Age-related decline in ovarian reserve 
• Fallopian tube damage due to pelvic inflammatory disease 
• Male infertility 
• Unexplained infertility 

IVF can be an extensive process involving hormone protocols to stimulate the release of eggs (oocytes). A doctor then retrieves the eggs via a special ultrasound probe and needle. In a laboratory, the egg is then combined with donor sperm to ideally create an embryo. A doctor may implant the fertilized embryos or freeze the embryos for later implantation. 

How Much Does IVF Cost?

The overall cost of an IVF cycle using fresh embryos can run thousands of dollars. These IVF costs can vary by geographic location, provider, medications, and more. One study found that the median cost for one IVF cycle was about $15,434. In addition, some couples find they have to go through several IVF cycles before they successfully conceive, which will increase the overall costs. 

If you are considering IVF, talk to a prospective IVF clinic regarding potential costs. The clinic should be able to provide a breakdown of costs to understand each aspect of costs better. Examples include:

• Blood work 
• Pre-IVF testing or consultations 
• Preservation of extra embryos and storage fees for additional embryos (if applicable) 
• Embryo transfer
• Pregnancy testing 
• Ultrasound monitoring 

Also, consider that the cost estimates often do not include medications administered to encourage egg cell production. Thus, total costs can often be higher.  

Can I Get a Loan for IVF?

Fertility treatments can be as costly as purchasing a new car or college fees, for which people commonly obtain a loan.

Securing a loan can be an alternative to using other forms of credit that may have higher interest rates, such as using a credit card. Some people may also attempt to secure a personal or home equity loan as an alternative to an IVF-specific loan. Each of these is a potential financing option; it's important to evaluate possible options to determine which will work most effectively for you. 

How Can I Get a Loan for IVF With Bad Credit?

Your credit score can be a significant factor in securing the lowest possible interest rate—or even qualifying for the loan, to begin with. Suppose you don’t have a “good” credit score (usually 670 or above). In that case, you can likely expect you will be quoted a higher interest rate or less desirable terms because, to lenders, offering you a loan represents more of a risk. 

However, remember that a credit score is not the only factor in securing a loan. Companies also consider your income, monthly expenses, and any outstanding debts you may have. You can also ask a potential lender if you can provide a letter describing financial changes you may have made that will improve your credit score over time.

Do Fertility Clinics Offer IVF Loans?

While this answer may vary by location, most fertility clinics offer payment plans instead of a loan. These plans break up fertility treatment costs into installments paid over a certain period, such as 12 to 24 months. 

While an IVF clinic payment plan may not count on your credit score as an outstanding loan, failing to pay the payment plan in a timely fashion can result in the clinic reporting you to a credit bureau and turning your debt over to a collections agency. This can negatively affect your credit and your ability to secure further loans at a later time.  

IVF clinics may also contract with specific loan companies and recommend their financing. Sometimes, the lending company may pass along greater cost savings in lower interest rates or better payment terms to the clinic. 

Methodology  

We determined the best IVF loan companies in their categories with considerations including ease of application, loan terms, minimum credit score requirement, annual percentage rates, and the minimum and maximum loan rates. We chose companies whose minimum rates did not exceed 8%.

Preference was also given to companies that had experience with IVF loans specifically and also offered additional programs and services to families, including medication assistance and insurance protections. We also tried to select companies that required minimal fees to keep your upfront expenses low.