The 6 Best IVF Loans

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The 6 Best IVF Loans

Best Overall: CapexMD
Best for Bad Credit: SoFi Personal Loans
Best for Confidentiality: NewLife Agency
Best Online Lender: FutureFamily
Best for Low-Interest Rates: ARC Fertility
Best for Longer Payment Terms: Prosper Healthcare Lending

In vitro fertilization or IVF, has given hope to individuals and couples who’ve been unable to conceive or have medical conditions that impact the ability to get pregnant. Unfortunately, this treatment can also be costly, requiring several cycles of hormone use and embryo implantation before conception. However, the best IVF loans can help.

The process of IVF can be draining, physically, mentally, and financially. The expenses alone can run more than $10,000, whether it is successful or not.

According to the Pew Research Foundation, as of 2018, more than 75,000 babies were born in the United States thanks to assisted reproduction technologies like IVF. If you or a loved one is considering this process but are concerned over costs, several IVF loan companies can help make IVF more affordable.

To compile our list of the best IVF loan companies, we reviewed 21 companies that offer fertility-specific loans. By considering payment terms, interest rates, ease of application, and more, we chose the companies with the best offerings.

Our Top Picks

Best Overall: CapexMD

Why we chose it: Upfront loan terms, ability to add fertility medication financing, and a leader in fertility-specific funding earned CapexMD our top spot.

What We Like

Preferred partnerships with many fertility centers
Offers fertility medication and genetic testing financing
Notifies of approval within 24 hours

What We Don't Like

No minimum credit score listed to qualify
Longest loan term length is 48 months

CapexMD is perhaps one of the best-known IVF loan companies, likely due to its key preferred partnerships with many nationwide fertility centers and organizations, including the Attain IVF program. The company also offers financing for genetic testing and some medication regimens via a “medication allowance” credit. CapexMD will disburse the medication funds specifically to a designated pharmacy.

Loan term lengths range from 12 to 48 months, which is slightly shorter than some IVF loan companies. The company lists loan financing that ranges from $2,500 to $25,000 on its website with estimated monthly payments. For example, a person can expect to pay between $457 and $485 a month for a 24-month, $10,000 loan. They do not charge a penalty for paying the loan off early.

Fees associated with applying for financing include a $25 non-refundable application fee, $75 document preparation fee, and an additional document preparation charge of $15 for every $1,000 the loan exceeds $5,000 up to a maximum charge of $150.

You can apply for a CapexMD loan online, and you’ll receive notification of your approval or denial within 24 hours. Unfortunately, they do not list a minimum credit score you’ll need to qualify. Once you are approved, and the loan is accepted, CapexMD will send the funds directly to your clinic or physician within two days.

Best for Bad Credit: SoFi Personal Loans

Why we chose it: SoFi looks at more than a credit score to make loan determinations—the company also takes into account income and employment history that may help someone with bad credit, plus fee-free loans.

What We Like

Takes income and employment history into consideration
Offers fee-free loans
Offers unemployment protection

What We Don't Like

Must enter in contact information to get a rate estimate
Interest rates may exceed 20% for those with subpar credit

Obtaining an IVF loan with bad or subpar credit can be difficult, but not impossible. SoFi Personal Loans is not a bank but a “social finance” company owned by its members. As a result, they can consider additional factors, such as employment history and current income, when offering personal loans. For most loans, you’ll need a minimum credit score of 680.

SoFi offers up to $100,000 in personal loans with a financing rate that ranges from 5.99% APR to 20.94% APR, as of February 2021, which may be less than some credit cards but is still high. If you don’t have excellent credit, you will likely have to pay a higher rate, and SoFi may require you to sign up for automatic payments as a way to increase the likelihood of paying on-time. Loan term rates vary from 2 to 7 years.

You can use SoFi’s “Find My Rate” tool to check on a possible loan rate. This tool requires you to enter personal information like your name and email address, but it doesn’t affect your credit score. Their application process is conducted entirely online, and live customer support is available if you have questions. We also liked that their loans are fee-free, meaning there are no fees to apply, no late fees, and no penalties for paying the loan off early.

While there are several personal loan companies out there, we picked SoFi as a top choice due to its lower rates, longer available terms, and unemployment protection offerings, which will halt your loan payments if you lose your job. For a person looking to rebuild their credit, the increased flexibility can be an asset.

Best for Confidentiality: NewLife Agency

Why we chose it: NewLife Agency’s loan officers will call you on your time to offer confidential and stress-free financing.

What We Like

Offers free consultations for loan information
Once approved, loan may be deposited into your account the same day

What We Don't Like

Must choose Walgreens to obtain fertility medication financing
Must use AutoPay feature to obtain lowest interest rates

With a promise of stress-free and straightforward financing and more than 15 years of offering assistive reproductive loans, NewLife Agency promises a confidential and personalized loan experience. In addition to loans for infertility services such as IVF, NewLife Agency also offers surrogacy loans and insurance coverage should complications arise from an egg donor or egg donor recipients.

For confidentiality, you can fill out a form on the agency’s website and list the best time and day for a person to contact you for a consultation. You can also contact the company directly, and they will walk you through their financing process as quickly as possible.

Loan amounts range from $5,000 to $100,000. Financing can include physician fees and fertility medications, but a person must choose Walgreen’s as their pharmacy. The term periods range from 24 to 84 months, with APR as low as 5.99%, as of December 2020. However, to secure the lowest rates, you’ll have to sign up for their AutoPay plan. If you request a $10,000 loan for 36 months with a 5.99% APR, you’ll pay $304.17 a month for the loan.

NewLife Agency goes through LightStream, a division of SunTrust Bank. Once you apply, NewLife notifies you as quickly as possible of approval. The funds can be deposited into your account as fast as the same day you apply.

Best Online Lender: FutureFamily

Why we chose it: FutureFamily uses an online application to offer loans that incorporate potential IVF costs (doctor’s service, medications, and laboratory) into one plan and offers nurse concierge services.

What We Like

Rolls all third-party bills into one plan for simplicity
Discounts on medications and lab work

What We Don't Like

Requires a minimum credit score of 680
May pay more if your fertility clinic is not in their network

FutureFamily’s founder Claire Tomkins started FutureFamily after going through her own IVF journey and realizing the challenges of paying for fertility treatments. This experience is reflected in the unique offerings that come with the FutureFamily IVF loans, and the reason why we selected FutureFamily as “Best Online Lender.”

FutureFamily offers a nurse concierge service that provides financial and health counseling to families considering IVF and IVF loans. This approach can help you gain the fullest picture of your expenses related to IVF. The company then uses a “lump sum” approach that rolls in physician, pharmacy, lab, and other potential costs. Hence, you pay one amount each month instead of several small amounts to different providers and services.

FutureFamily advertises loan interest rates that range from 7.99% to 15.99% as of February 2021 and the minimum credit score to qualify is 680. If Future Family offers you an $18,000 loan securing an 8% APR for 60 months, you can expect to pay about $364.98 per month. The same terms but with a 15% APR will equal $428.22 per month. Their maximum loan term is 60 months or five years. Their loans range in value from $5,000 up to $50,000. Once approved, you can expect the money will be paid in about 48 hours.

FutureFamily has also worked with fertility pharmacies and labs to secure discounts for their clients which can mean an overall lower payment for you. They also have a unique “Friends and Family” plan, which allows a loved one to take out a loan on your behalf to pay for IVF costs—but they must usually have a credit score of 720 or higher. The company also offers both IVF and egg freezing plans.

Best for Low-Interest Rates: ARC Fertility

Why we chose it: ARC Fertility offers annual percentage rates as low as 4.99% (about 1 to 3 percent lower than the other companies we reviewed).

What We Like

Offers some of the lowest interest rate terms at 4.99%
ARC Success Program offers a loan refund for the remaining cycles if you conceive

What We Don't Like

Must utilize a physician in the ARC Fertility Network
Lowest APRs are for short-term (24-month) loans

Advanced Reproductive Care (ARC) is a financing company that helps you pay for medical services and medications for IVF.

ARC offers interest rates that vary from 4.99% to 24.99%, as of February 2021. Their loan term lengths range from 24 to 72 months. You will usually get the lowest APR when you shorten the loan terms to 24 months. For example, if you borrow $14,000 for 36 months, your interest rate can range from 5.99 to 24.99 percent. This will equal an estimated payment of $427 to $563.

The loan amounts ARC Fertility offers range from $2,000 to $50,000, and they offer a variety of fertility packages and payment plan options. While you must choose from a provider in the ARC Network of fertility specialists, the company reports they have one of the largest provider networks in the country.

One of the innovative parts about ARC Fertility’s financing is they offer an ARC Success Program. Under this program, if you were to conceive and have a live birth, you receive a refund for any remaining fertility cycles that were part of your loan.

Best for Longer Payment Terms: Prosper Healthcare Lending

Why we chose it: Prosper Healthcare Lending offers healthcare loans with terms up to 84 months.

What We Like

Up to 84 months loan terms
No fees per funded loan

What We Don't Like

Interest rates up to 36%
Must enter personal information to obtain an early rate quote

With loan terms up to 84 months, Prosper Healthcare Lending had some of the longer payment terms we reviewed. They offer financing for various fertility treatment types, including IVF, intrauterine insemination, male infertility treatments, egg and embryo freezing, and medical treatments for reproductive disorders. Their company also offers loans for bariatric surgery centers, cosmetic dentistry, and cosmetic and plastic surgery services.

Prosper’s interest rates for a “standard” 60-month loan range from 7.95% to 36%, as of February 2021. If you were to secure a five-year, $10,000 loan with an annual percentage rate (APR) of 9.68%, your monthly payment would be $201. The maximum amount you can borrow is $100,000.

The company also advertises that you do not have to pay fees for your loan. You can apply online and usually receive a rate quote within minutes. You’ll have to enter your personal information to obtain the quote, but the initial quote won’t count against your credit score. The minimum credit score to receive a “standard” rate loan is 640. If your credit is 740 or greater, you’ll qualify for the lowest rates.

Once you’re approved for the funds, you’ll usually receive them within days. However, the money will usually be deposited into your account instead of directly paying a provider, pharmacy, or other organization. You’ll have to carefully ensure you use the money for your fertility provider.

Compare Providers

Best IVF Loans
Lender	Why We Picked It	Fixed APR
CapexMD	Best Overall	Not listed on site
SoFi	Best for Bad Credit	5.99%–20.25%
NewLife Fertility Finance	Best for Confidentiality	5.99% with no max percent listed on website
FutureFamily	Best Online Lender	7%–15%
ARC Fertility Financing	Best for Low-Interest Rates	4.99%–24.99%
Prosper Healthcare Lending	Best for Longer Payment Terms	7.95%–36%

Final Verdict

The best IVF loans offer low APR rates with terms you can pay back, but also help you achieve your dreams of conceiving. We chose CapexMD as our "Best Overall" for its reputation as an industry leader, but each of our choices 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 $16,000 (this includes $2,000 of medication costs). 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 obtains 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 loan 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?

A person’s 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 take into account 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 will break up fertility treatment costs into installments paid over a certain time 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 as well as 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 terms of lower interest rates or better payment terms to the clinic.

How We Chose the Best IVF Loans

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.