Last Updated on November 9, 2022 by Anne-Sophie Reinhardt
Individuals and couples who cannot conceive or have fertility problems that affect their ability to get pregnant have had the opportunity to borrow money for IVF. Let’s figure out the 11 Best IVF Loans in this article.
IVF (In Vitro Fertilization) Loans
In vitro fertilisation (IVF) can be draining financially, mentally and physically. Even if the treatment is unsuccessful, the expenses can exceed $10,000. It is more expensive because it involves multiple cycles of hormone use and embryo implantation. If high treatment costs prohibit you from pursuing the treatment, loans may be an option.
However, if you have insurance and want to check whether the plans cover your treatment cost, you can read our articles on Medicaid IVF Coverage. Also, there are IVF Grants available in different states.
IVF Loans for Financing the Fertility Treatment
It is possible to borrow money for fertility treatments. This can make it more expensive than paying college fees and buying a car. According to the Society for assisted reproductive technology, IVF costs an average of $10,000 to $15,000. Its coverage is not available on most insurance plans, leading to high out-of-pocket costs.
Costs for IVF vary depending on the provider, geographical location, medication, and other factors. The overall cost of IVF can rise if several couples undergo IVF cycles to conceive. It is good to speak with a potential IVF clinic about the possible costs. This will help you understand all aspects of the charges, including:
- Pre-IVF testing or consultations
- Blood Testing
- Preservation of extra embryos
- Storage fees for additional embryos
- Embryo transfer
- Pregnancy testing
- Ultrasound monitoring
Other than that, additional costs could include medication required to stimulate egg cell production. The loans can be used to pay for IVF. Many options are available, including a specialist fertility financing company offering healthcare loans. Personal loan lenders can also be offered to provide funds that can be used in any way. There are many financing options available. So, it is essential to choose the best one.
IVF Loans at Fertility Clinics
Fertility clinics don’t offer loans. Instead, they offer “Payment plans.” This breaks down fertility treatment costs into monthly installments that can then be paid over a set period.
Some IVF Clinics have a relationship with loan companies. These lending companies may be the most beneficial because they can offer more significant cost savings through better payment plans and lower interest rates.
IVF Loans for Financial Relief
Infertility financing programs can help you pay for medical and reproductive treatment and health care. So, to find the best option, review the loan options and program details.
1. Ally Lending
They are sensitive to the journey to parenthood. In short, Ally Lending offers affordable financing options for fertility care, which makes it possible to pay for every step of IVF treatment and genetic testing.
You don’t need a high credit score to be qualified for an IVF loan. Because flexible payment options are available, the loan term can be extended from 24 to 84 months. However, the annual percentage rate (APR) is between 3.99-21.99%, and the loan amount ranges from $750-$40,000
There is no application fee and no down payment required. However, to pay off early, there’s no penalty. For more information, visit this Ally page.
2. ARC Fertility Program
ARC Fertility (Advanced Reproductive Care, Inc.), a leading fertility clinic, offers financing and discounted treatment packages.
- Packages of ARC One, Two or Three-Cycle Plus include three live cycles and three frozen cycles.
- There is a refund for any cycles that are not used if live birth is obtained in the ARC Success Program with two or three-cycle plus.
- The ARC Pharmacy Plan gives patients the opportunity to finance and purchase fertility drugs.
- Package pricing is available to purchase embryo freezing, egg freezing and egg donor packages, ICSI, gestational package, PGS/PGD and IUI as well as tubal reversal and urological services.
ARC financing is available for clinics within the ARC network. But, credit history is a critical factor in determining eligibility and rates for fertility financing.
The interest rates range from 4.99% to 24.99%, and the loan terms are between 24 and 72 months. ARC Fertility offers loan amounts ranging from $2,000 up to $50,000. So, to apply for financing or learn about specific packages, visit the ARC Fertility page.
BUNDLE gives patients the opportunity to choose IVF cycles that are most suitable for their financial and clinical needs. However, for a lower upfront cost, combine multiple fertility treatments to create a single package.
Bundle will also refund a portion or all of the treatment if it is unsuccessful. For more information, visit www.bundlfertility.com
CapexMD offers patient financing for fertility treatments. Having a family using an easy loan process to finance fertility treatments and genetic testing is also possible.
The loan term is between 12 and 48 months, with a loan amount ranging from $2,500 to $25,000.
However, you’ll have to pay a non-refundable application fee of $25, a $75 document preparation charge, and $15 additional document preparation per $1,000. For more information, visit the CapexMD page.
5. CNY Fertility Fertile Financing Program
CNY Fertility can finance treatments up to two years, including IVF and IUI, FET, Vasectomy Reversals. Donor Eggs. Tubal Ligation Reversals.
The patient must have a valid credit card or debit card to be eligible. For more information, visit this page.
6. EggFund Fertility Loans
EggFund assists Americans who are infertile to have children. It partners with trusted financial partners to provide affordable loans for IVF and egg freezing, surrogacy, adoption, and surrogacy. There are financing options available for testing, medication, and medical treatment.
A minimum credit score requirement of 660 is necessary to qualify for a loan. The loan amount can range from $5,000 to $100,000, and don’t worry; there are no application fees. For more details, visit My EggFund.
7. Future Family
Future Family is a new way to pay for IVF, egg freezing and donor cycles. Moreover, o replace the high upfront costs of treatment, customised monthly payments are available. It also offers medication and lab discounts making it easy and stress-free to have a fertile child.
To be eligible, you must have a minimum 680 credit score. So, the loan rate ranges from 7.99% to 15.99% and the loan amount can be valued between $5,000 and $50,000. Within 48 hours of approval, the money is paid.
For more information, visit Future Family.
WINFertilityRx can offer up to 40% off total prescriptions or fertility medication. So, you can pay for medication with financing options. Participation is open to all, regardless of financial status. For more information, visit WINFertilityRx.
9. SoFi Personal Loans
SoFi takes into account your credit score when deciding on loan amounts. In addition to income and employment history, SoFi also considers these factors. This can be beneficial for people with bad credit or who wish to get a loan without fees.
SoFi provides personal loans up to $100,000 for IVF loans. In addition, the finance rate ranges from 5.99% APR up to 20.94% APR. Loan term rates can vary between 2-7 years. For more information, visit the SoFi page.
10. NewLife Agency
NewLife Agency offers assisted reproductive loans. They promise intimate, personal, and stress-free experiences. Hence, these loans can be used to pay for IVF, surrogacy and any complications from egg donor recipients or egg donors.
The loan amount can range from $5,000 to $100,000. However, to receive financing, which includes fertility medication and physician fees, one must choose Walgreens pharmacy.
The APR is a minimum of 5.99%, and the term period can be between 24 and 84 months. For more information, visit the New Life Fertility Finance page.
11. Prosper Healthcare Lending
Prosper Healthcare Lending offers healthcare loans with terms of up to 84 months to finance fertility treatments. So, these treatments include IVF, embryo freezing, intrauterine injections, egg and embryo freezing, and even other medical treatments for reproductive disorders.
A standard 60-month loan has an interest rate of 7.95% to 36%. Furthermore, the maximum amount borrowed is $100,000, given that the person has a credit score of 640 at a minimum. As a result, a person can be eligible for the lowest rates if their credit score is higher than 740.
After approval of the loan, the amount will be transferred within a few days. For more information, visit Prosper Healthcare page.
Make sure you choose the right IVF Loans
There are many options for IVF loans. However, the best IVF loan companies offer minimum credit requirements, easy application, loan terms, and annual percentage rates. Also, they have the highest loan and maximum loan rates.
To keep your upfront costs low, it is a good idea to apply for those that offer insurance protection, medical expenses, or minimal fees. So, make sure you apply wisely.