Costs of In Vitro Fertilization and Possible Financing Options

Dec 15, 2022 By Susan Kelly

Most people in the United States cannot afford to cover the full cost of in vitro fertilization with personal savings alone. According to the Society for Assisted Reproductive Technology, the average cost of one cycle of IVF is between $10,000 and $15,000.

However, at present, only 17 states have laws requiring insurers to cover or offer coverage for fertility treatments. Although it is preferable to make sacrifices and save money for IVF, financing may be an option for those who are eager to move forward but lack the necessary savings.

Methods Of IVF Financing

To budget for expensive medical procedures like IVF, personal loans offer a stable financing option due to their fixed interest rates and regular payment schedules. You can plan your finances more effectively with a personal loan because you can determine the exact interest rate and loan term.

To cover the cost of in vitro fertilization (IVF), you may apply for a personal loan from a bank, credit union, or online lender. If you default on a personal loan, you won't lose your home or car as collateral like other types of loans. However, without collateral to back the loan, factors like your credit history, income, and current debt will determine your eligibility.

Guide To Obtaining An In Vitro Fertilization Loan

It's easy to apply for a loan online to cover the cost of in vitro fertilization (IVF):

  • Find out what your credit score is.
  • The LendingTree app provides free access to credit scores and credit monitoring services.
  • Get pre-approved from several different banks.
  • Soft credit pulls don't impact your score, and many lenders (though not all) allow you to see if you qualify for a loan and the interest rate you would be offered.
  • Look into the various loan options.
  • The annual percentage rate (APR), loan term, and loan amount should all be considered when comparing loan offers. These elements will contribute to the overall cost of the loan and the resulting monthly payment.

Obtain A Loan Using The Traditional Application Process.

  • Your application for a personal loan is complete once you have selected an offer. This requires a rigorous investigation into your credit history, which will temporarily reduce your score.

Obtain The Money You Need From The Loan.

  • A lending decision could come the same day you apply. If you apply for a quick loan and get authorized, the money will be put into your bank account within a few days. The funds obtained in this manner may be applied to the cost of your in vitro fertilization procedure.

Bad Credit IVF Loans?

If you have poor credit, you may still qualify for IVF financing, but you can expect to pay a higher interest rate. Since the only thing a lender has to go on with an unsecured loan is your word to pay it back, it will look favorably on a demonstrated track record of responsible borrowing practices. Credit scores aren't perfect, but they show whether you've paid your bills on time and how much debt you have in your available credit.

Personal And In Vitro Fertilization Loans: Pros And Cons


  • Your monthly payments and interest rates will be established in advance.
  • The exact date that your IVF costs will be covered is known.
  • Depending on how good your credit is, you could get a low-interest rate.


  • Up to eight percent of the loan's principal balance could be assessed as an origination fee.
  • If you're looking for a loan with a low-interest rate, you may need good to excellent credit.
  • You're borrowing a fixed amount of money, which may be more or less than you need.

How To Pay For IVF

In the event that your health insurance will not pay for your in vitro fertilization (IVF) treatments, the following are some alternative ways to finance the expenses as well as descriptions of the patients for whom each option is most appropriate.

Financing For Infertility Experts

It is common practice for IVF loan providers to collaborate with fertility clinics and healthcare institutions to make IVF loans available to their patients. A loan's acceptance depends on several factors, including your credit history, the requested loan amount, and the repayment duration. These forms of IVF loans are given not to the patient but rather to the fertility center.

Finance From The Credit Union

Credit unions provide members with personal installment loans at competitive interest rates and convenient repayment schedules. Credit unions benefit borrowers with fair or terrible credit (a score of 689 or lower) because they look at the complete picture when deciding whether to grant a loan, including the applicant's credit history and reputation as a member. You will receive a loan from the credit union, and you can put that money toward in vitro fertilization.

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