Best IVF Loans

SoFi offers the best in vitro fertilization loans

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In vitro fertilization (IVF) can help people who have struggled to conceive, but IVF can be expensive. According to the American Society of Reproductive Medicine, the median price of an IVF cycle, including medications, is $19,200. And unfortunately, insurance rarely covers the cost.

However, you can use IVF loans to finance your treatments and spread out the cost over several years. The best medical loans for IVF offer lengthy repayment terms and low APRs to make fertility treatments more affordable. 

We assessed more than 40 lenders and collected hundreds of data points, including interest rates, fees, loan amounts, and repayment terms, to narrow down our list of the best IVF loans.

Best IVF Loans of August 2023

If youre not seeing anything in the results that are a good fit for your needs, consider warranties from these companies:
Company APR Credit Score est. Loan Amount More Details
Best Overall
SoFi
APR With Autopay Discount
8.99% - 25.81%
Recommended Minimum Credit Score
Not Disclosed
This lender does not disclose its minimum credit score requirements.
Loan Amount
$5,000 - $100,000
See Details Check Rates
Best Credit Union
PenFed Credit Union
APR Range
7.74% - 17.99%
Recommended Minimum Credit Score
Not Disclosed
This lender does not disclose its minimum credit score requirements.
Loan Amount
$600 - $50,000
See Details Check Rates
Best for Long Repayment Terms
BHG Financial
APR Range
11.96% - 23.91%
Recommended Minimum Credit Score
Not Disclosed
This lender does not disclose its minimum credit score requirements.
Loan Amount
$20,000 - $200,000
See Details Check Rates
Best for Fair Credit
Best Egg
APR Range
8.99% - 35.99%
Recommended Minimum Credit Score
600
This lender does not disclose its minimum credit score requirements.
Loan Amount
$2,000 - $50,000
See Details Check Rates
Best for Low Rates
LightStream
APR With Autopay Discount
7.99% - 25.49%
Recommended Minimum Credit Score
660
This lender does not disclose its minimum credit score requirements.
Loan Amount
$5,000 - $100,000
See Details Check Rates
Best for Fast Loan Funding
Rocket Loans
APR With Autopay Discount
9.12% - 29.99%
Recommended Minimum Credit Score
Not Disclosed
This lender does not disclose its minimum credit score requirements.
Loan Amount
$2,000 - $45,000
See Details Check Rates
Best for Bad Credit
Avant
APR Range
9.95% - 35.99%
Recommended Minimum Credit Score
550
This lender does not disclose its minimum credit score requirements.
Loan Amount
$2,000 - $35,000
See Details Check Rates
Filter (7)
Why Trust Us
38
Lenders reviewed
40
Loan features considered
1,520
Data points analyzed
112
Primary data sources used
Investopedia collected key data points from several lenders to identify the most important factors to borrowers. We used this data to review each lender for fees, accessibility, repayment terms, and other features to provide unbiased, comprehensive reviews to ensure our readers make the right borrowing decision for their needs.

Approximately 12% of women under the age of 50 have used infertility services. Want to see some more options? Take a look at our picks for the overall best personal loans.

Best Overall : SoFi


  • APR Range: 8.99% - 25.81%
  • Loan Amount: $5,000 - $100,000
  • Loan Terms: 24 months - 84 months
Pros & Cons
Pros
  • High loan maximum

  • Loan terms as long as seven years

  • No origination fees

Cons
  • Very good to excellent credit required

  • Higher-than-usual loan minimum

Why We Chose It

SoFi is our choice as the best overall lender for IVF loans because of its high loan maximums and competitive APRs. While some other lenders have loan maximums of $35,000 or less, SoFi allows you to borrow up to $100,000. Because many families will have to undergo several IVF cycles, a high loan maximum is a helpful benefit.

SoFi doesn’t charge origination fees, and it offers loan terms as long as seven years. Its APRs are lower than you’ll find with many other lenders, and you can take advantage of autopay discounts to reduce the rate even more. 

Qualifications

To qualify for a loan from SoFi, you must meet the following requirements: 

  • You must be the age of majority in your state (18 in most states).
  • You must be a U.S. citizen, permanent resident, or eligible non-resident alien.
  • You must be employed or have an offer of employment.

SoFi’s loans are available nationwide. While SoFi does require very good to excellent credit, it allows individuals to apply with co-borrowers to improve their odds of getting a loan.

Best Credit Union : PenFed Credit Union


  • APR Range: 7.74% - 17.99%
  • Loan Amount: $600 - $50,000
  • Loan Terms: 12 months - 60 months
Pros & Cons
Pros
  • Broad range of loan amounts

  • Allows co-borrowers

  • No origination fees

Cons
  • Limited repayment terms

  • Credit union membership required

Why We Chose It

Credit unions can be excellent sources of loans because they tend to offer low interest rates and additional benefits. For IVF loans, PenFed can be a good option. It allows you to borrow as little as $600 or as much as $50,000, and it doesn’t charge origination fees.

Although PenFed does require good to excellent credit, it allows applicants to add co-borrowers to their applications. Adding a co-borrower who has a strong credit history and steady income to your application can boost your chances of qualifying for a loan. 

Qualifications

To qualify for a loan from PenFed Credit Union, you must meet the following requirements: 

  • You must be the age of majority in your state.
  • You must have a valid Social Security number or individual taxpayer identification number.
  • You must have a verifiable source of income.
  • You must be a member of PenFed Credit Union or join during the loan application process.

PenFed’s membership is open to the public. You can join by opening a savings account and depositing at least $5 when you apply for a loan.

Best for Long Repayment Terms : BHG Financial


  • APR Range: 11.96% - 23.91%
  • Loan Amount: $20,000 - $200,000
  • Loan Terms: 60 months - 120 months
Pros & Cons
Pros
  • High loan maximum

  • Loan terms as long as 10 years

  • Allows co-signers to help you qualify with better rates

Cons
  • Five days or more to disburse funds

  • Higher APRs than competitors

  • Not available in all states

Why We Chose It

Often, IVF is a significant investment. With many lenders, the maximum loan term is five years or less. You may find that a loan term of that length makes your monthly payment unaffordable for your budget. 

With BHG Money, you can select a loan term as long as 10 years, giving you a more manageable monthly payment. And at $200,000, it has the highest loan maximum of any lender on our list. You may pay a higher APR with this lender for the privilege, however.

You can view a personalized loan offer without affecting your credit score with BHG Money’s pre-qualification tool. 

Long loan terms, such as 10 years, can give you a more manageable monthly payment. But the longer term means you’ll pay much more in interest than if you opted for a shorter term. Use our personal loan calculator to see what your total loan cost will be with different terms.

Qualifications

To qualify for a loan from BHG Money, you must meet the following requirements: 

  • You must provide proof of income, such as pay stubs or tax returns.
  • You must consent to a phone call with BHG Money.
  • You must consent to a credit inquiry.

Loans are not available to residents of Illinois or Maryland. 

Best for Fair Credit : Best Egg


  • APR Range: 8.99% - 35.99%
  • Loan Amount: $2,000 - $50,000
  • Loan Terms: 36 months - 60 months
Pros & Cons
Pros
  • Lower recommended credit score of 640

  • Secured loans available

  • Quick loan disbursement

Cons
  • Co-signers not permitted

  • Limited repayment terms

  • High origination fees

Why We Chose It

If your credit score is between 580 and 669, your score is in the “fair” range. Many lenders have higher credit score minimums than that, so it can be difficult to qualify for a loan. 

But with Best Egg, you can qualify for a loan with a score as low as 640. And it also offers secured loans, so you can use your property as collateral to improve your chances of qualifying for a loan with a competitive interest rate.

If you’re approved, Best Egg will disburse your loan funds quickly; you can get your money in as little as 24 hours. 

Qualifications

To qualify for a loan from Best Egg, you must meet the following requirements: 

  • You must be the age of majority in your state.
  • You must have verifiable proof of income.
  • You must have a valid personal checking account.

Best Egg doesn’t issue loans to residents of Iowa, Vermont, West Virginia, or Washington, D.C.

Best for Low Rates : LightStream


  • APR Range: 7.99% - 25.49%
  • Loan Amount: $5,000 - $100,000
  • Loan Terms: 24 months - 144 months
Pros & Cons
Pros
  • High loan maximum

  • Longer loan terms available

  • Same-day funding

Cons
  • Very good to excellent credit required

  • High minimum loan amount

Why We Chose It

Lightstream, an online-only lender, offers loan rates are as low as any other lender on our list (as of publication), and borrowers who sign up for automatic payments can qualify for a 0.50% interest rate reduction.

The company offers a rate-beat program as well—it’ll give you a rate 0.10 percentage points lower than a competitor if you’re approved for a lower rate with the same terms.

Lightstream has a high loan maximum, allowing you to borrow up to $100,000, and it doesn’t charge origination fees. It offers loan terms as long as 12 years and, if you need the money quickly to pay for your fertility treatments, Lightstream can disburse funds as soon as the same day you apply (for eligible borrowers).

Qualifications

To qualify for a loan from Lightstream, you must meet the following requirements: 

  • You typically need very good to excellent credit. 
  • You must be the age of majority in your state.
  • You must have a verifiable source of income.

Best for Fast Loan Funding : Rocket Loans


  • APR Range: 9.12% - 29.99%
  • Loan Amount: $2,000 - $45,000
  • Loan Terms: 36 months - 60 months
Pros & Cons
Pros
  • Same-day funding available

  • Autopay discount

Cons
  • Limited repayment terms

  • Origination fees as high as 9.00%

  • Not available in all states

Why We Chose It

In some cases, you may need to get your loan funds quickly to pay the fertility center or cover medical tests. With Rocket Loans, you can get up to $45,000 as soon as the same day you apply, if you meet the requirements.

To be eligible for same-day funding you’ll need to finish the loan application and sign the promissory note by 1 p.m. Eastern Time on a business day. The payment will be sent by ACH. Take note that your bank’s processing time could delay access to the funds.

Rocket Loans has competitive rates, and you can take advantage of autopay discounts to get an interest rate reduction. The lender also has a pre-qualification tool you can use to view your loan options without affecting your credit score. 

Qualifications

To qualify for a personal loan through Rocket Loans, you must meet the following requirements: 

  • You must be the age of majority in your state.
  • You must have a verifiable source of income.
  • You cannot be resident of Iowa, Nevada or West Virginia.

Best for Bad Credit : Avant


  • APR Range: 9.95% - 35.99%
  • Loan Amount: $2,000 - $35,000
  • Loan Terms: 12 months - 60 months
Pros & Cons
Pros
  • Quick loan disbursements

  • Lower credit score requirement of 550

  • Secured loans available

Cons
  • 4.75% administration fee

  • Does not allow co-signers

  • Shorter repayment terms

Why We Chose It

With most personal loans, lenders require applicants to have good to excellent credit, meaning a score of 670 and above. If your score is below that range, qualifying for an IVF loan can be difficult. 

However, Avant could be a helpful option. It has a lower credit score requirement than other lenders, and it also has a secured loan option. With a secured loan, you provide property, such as a car, as collateral. Securing the loan with property reduces the risk to the lender, so it’s more likely to issue you a loan. 

Qualifications

To qualify for a loan from Avant, you must meet the following requirements: 

  • You must be the age of majority in your state.
  • You must have a verifiable source of income.
  • You must have a valid checking account.

While Avant doesn’t list a minimum credit score, customer support indicates that it accepts borrowers with scores as low as 550. 

Avant loans aren’t available in all states. Residents of Hawaii, Iowa, New York, Maine, and West Virginia are not eligible for Avant loans. 

Securing a loan with property, such as your vehicle, can improve your odds of qualifying for a loan. But make sure you can afford the payments. Otherwise, you risk losing your property.

Compare the Best IVF Loans of August 2023

Best For
APR Range
Average Origination Fee
Late Fee
Time To Receive Loan
Loan Amount
Latest Repayment
Reset All
SoFi Best Overall 8.99% - 25.81% 0.00% $0.00 0 days $5,000 - $100,000 84 months Check Rates
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PenFed Credit Union Best Credit Union 7.74% - 17.99% 0.00% $29.00 1 day $600 - $50,000 60 months Check Rates
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BHG Financial Best for Long Repayment Terms 11.96% - 23.91% 2.00% - 4.00% 5.00% - $40.00 5 days $20,000 - $200,000 120 months Check Rates
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Best Egg Best for Fair Credit 8.99% - 35.99% 0.99% - 8.99% $15.00 1 day $2,000 - $50,000 60 months Check Rates
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LightStream Best for Low Rates 7.99% - 25.49% 0.00% $0.00 0 days $5,000 - $100,000 144 months Check Rates
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Rocket Loans Best for Fast Loan Funding 9.12% - 29.99% 1.00% - 7.00% $15.00 0 days $2,000 - $45,000 60 months Check Rates
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Avant Best for Bad Credit 9.95% - 35.99% 0.00% - 4.75% $25.00 1 day $2,000 - $35,000 60 months Check Rates
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*APR ranges for some companies include a discount for automatic payments or existing bank customers.

Final Verdict

If you’re planning on undergoing IVF, there are many different financing options, including personal loans from credit unions, banks, and online lenders. Some lenders, such as BHG Money, allow you to borrow as much as $200,000 without any form of collateral, and lenders like Rocket Loans may fund your loan as soon as the same day you apply. 

Overall, the top lender for IVF loans is SoFi. It has rates that are almost as low as they come, it allows you to borrow up to $100,000, and it gives you as long as seven years to repay the loan. It doesn’t charge origination fees, and borrowers with less-than-perfect credit can still qualify for IVF loans by adding a co-borrower to their application. 

Fertility Lender Alternatives

Besides personal loans from credit unions and banks, there are also fertility loans from specialized companies like CapexMD or Future Family. 

Unlike personal loans, which have few restrictions on their use, fertility loans are typically issued in coordination with your fertility treatment center. Rather than disbursing the funds to you, the company will pay the fertility center directly.

These companies may charge additional fees, such as application fees or document preparation fees, but they also often offer additional services, such as fertility support coaches who are registered nurses. 

If you’re considering IVF and exploring your financing options, it can be a good idea to shop around and compare loans from personal loan lenders as well as fertility financing companies. 

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 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, and there may be fewer hoops to jump through.

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.

  • APR range: 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. 
  • Loan amount: 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. Avoid borrowing more than necessary.
  • Dedicated fertility lender or not: Some providers specialize in fertility loans, offering access to fertility coaches and direct payments to partner pharmacies and clinics. General personal loan lenders usually don’t offer coaching or direct payment options, but they may be quicker and easier to work with.
  • Credit score requirements: Different lenders have different credit score requirements for borrowers, so it’s essential to consider this factor as you’re shopping for a fertility loan. In general, borrowers with excellent credit have more loan options than borrowers with poor credit or 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 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.

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 to using 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' Family Formation 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 are just like any other on the market.

You won’t find as affordable rates as you will on secured loans, like in real estate, but it will be more affordable than a high-interest credit card in many cases. Your rate will depend on your personal credit and income profile.

Methodology

Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of personal loan lenders.

We reviewed IVF lenders by collecting hundreds of data points across more than 40 lenders, including interest rates, fees, loan amounts, and repayment terms, to ensure that our reviews help users make informed decisions for their borrowing needs.

Young couple looking at pregnancy trimester ultrasound IVF loan

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Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
  1. American Society for Reproductive Medicine. "Disparities in Access to Effective Treatment for Infertility in the United States: An Ethics Committee Opinion," Page 55.

  2. Centers for Disease Control and Prevention. "FastStats - Infertility."

  3. SoFi. "Exploring IVF Financing Options."

  4. PenFed. "Medical & Dental Loans."

  5. PenFed. "Member Benefits."

  6. BHG Money. "Life Events Loans."

  7. Best Egg. "Credit Score Needed for a Personal Loan."

  8. Best Egg. "Baby & Adoption."

  9. LightStream. "Lending Uncomplicated."

  10. Lightsream. "Rate Beat Program."

  11. Lightstream. "IVF Financing."

  12. Rocket Loans. "Online Personal Loans."

  13. Rocket Loans. "Disclosures and Licenses."

  14. Avant. "IVF Loan."