IVF loans work like traditional personal loans. You’ll receive your loan in a lump sum and it will come with a fixed annual percentage rate (APR) and monthly repayment.
Unlike credit cards, IVF loans have hard stop dates, as long as you keep to your payment schedule. Loan lengths can last anywhere from 12 to 84 months, though some lenders may offer longer or shorter terms.
Fertility loans may also come with origination fees. These are administrative fees that some lenders charge and they typically come out of your total loan amount.
IVF loan pros and cons
While using a personal loan to finance your fertility treatments can be a good fit for some people, it’s not a one-size-fits-all solution for covering that expense. Consider these benefits and drawbacks before taking out an IVF loan.