Family Planning Loans of June 2024

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Rating by Finanso®

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Recommended FinScore™
100.00 – 20000.00 $

Interest rate

from 0.05 %

Loan term for the financial product

5 days – 3 months

A family planning loan is a type of personal loan designed to provide financial support for individuals or couples navigating the journey of expanding their family through various means such as IVF treatment, adoption, surrogacy, or other fertility treatments. These loans offer borrowers the flexibility to cover the substantial costs associated with family planning, including medical expenses, agency fees, legal fees, and other related expenses. Unlike credit cards or tapping into savings, family planning loans typically offer fixed rates and manageable monthly payments, allowing borrowers to budget effectively while avoiding the accumulation of high-interest credit card debt or depleting their savings account.


  1. Flexible Loan Amounts. Family planning loans typically offer varying loan amounts to accommodate the diverse needs of individuals or couples seeking fertility treatments or adoption. This flexibility allows borrowers to borrow the precise amount necessary to cover their specific family planning expenses, whether it be for IVF treatment, adoption fees, or surrogacy costs.

  2. Low Fixed Rates. Unlike credit card debt, which often carries high variable interest rates, family planning loans commonly feature low fixed rates. These fixed rates provide borrowers with stability and predictability in their monthly payments, making it easier to budget for the expenses associated with growing their family.

  3. Manageable Monthly Payments. Family planning loans are structured with manageable monthly payments, ensuring that borrowers can comfortably afford their repayment obligations without experiencing financial strain. This allows individuals or couples to focus on their journey to parenthood without the added stress of unmanageable debt payments.

Pros and Cons


Quick and Easy Application Process. Obtaining a family planning loan is typically straightforward, with many lenders offering online application processes that can be completed in a matter of minutes. This streamlined approach allows borrowers to access the funds they need promptly, minimizing delays in starting their family planning journey.

No Collateral Required. Family planning loans are typically unsecured, meaning borrowers do not need to provide collateral such as property or assets to qualify for the loan. This reduces the risk for borrowers and provides greater accessibility to funding for individuals or couples with varying financial circumstances.

Financial Accessibility. Family planning loans provide individuals or couples with the financial means to pursue fertility treatments, adoption, surrogacy, or other family planning options that may otherwise be financially out of reach.


Accrual of Debt. Like any loan, family planning loans involve borrowing money that must be repaid with interest over time. This can result in the accumulation of debt, which borrowers should carefully consider and budget for before committing to a loan.

Interest Costs. While family planning loans may offer lower fixed interest rates compared to credit cards, borrowers will still incur interest costs over the life of the loan, which can add to the total expense of their family planning journey.

Qualification Requirements. While family planning loans may be accessible to individuals with varying credit scores, income levels, and financial backgrounds, not all applicants may qualify for the desired loan amount or terms, depending on the lender's criteria.

How to Get a Family Planning Loan

Apply for a loan

  1. Evaluate Your Financial Situation. Before applying for a family planning loan, assess your current financial situation, including your income, expenses, and existing debt obligations. Determine how much you can comfortably afford to borrow and repay each month.

  2. Research Lenders. Explore different lenders that offer family planning loans and compare their loan terms, interest rates, fees, and eligibility requirements. Look for lenders that specialize in fertility financing or personal loans with flexible terms.

  3. Check Your Credit Score. Your credit score plays a significant role in determining your eligibility for a family planning loan and the interest rate you'll receive. Obtain a copy of your credit report and review it for any inaccuracies. If your credit score is less than ideal, consider taking steps to improve it before applying for a loan.

  4. Prequalify for Loans. Many lenders offer prequalification processes that allow you to check your eligibility and potential loan offers without impacting your credit score. Take advantage of these tools to compare loan options and choose the best fit for your needs.

  5. Gather Documentation. Prepare the necessary documentation required for the loan application process, such as proof of income, employment verification, identification documents, and any additional financial information requested by the lender.

  6. Submit Your Application. Complete the loan application process either online or in-person, providing accurate information and supporting documentation as requested. Be prepared to answer questions about your intended use of the loan funds and your financial background.

  7. Review Loan Offers. Once you've submitted your application, carefully review any loan offers you receive, paying attention to the interest rate, repayment terms, origination fees, and any other associated costs. Compare multiple offers to ensure you choose the most favorable option.

  8. Accept Loan Terms. After selecting the loan offer that best meets your needs, formally accept the loan terms and conditions as outlined by the lender. Review the loan agreement carefully to ensure you understand your repayment obligations and any associated fees.

  9. Receive Funding. Upon acceptance of the loan terms, the lender will typically disburse the loan funds directly into your designated bank account. Depending on the lender and the loan processing time, you may receive the funds within a few business days.


  1. Minimum Credit Score. While specific credit score requirements vary by lender, borrowers typically need a minimum credit score of 600 to qualify for a family planning loan. A good credit score may result in lower interest rates and more favorable credit decisions.

  2. Verifiable Income. Borrowers must demonstrate a stable source of income to qualify for a family planning loan. Lenders may request recent pay stubs, tax returns, or bank statements to verify income.

  3. Employment Verification. Lenders may require proof of employment to ensure borrowers have a reliable source of income to repay the loan. This may include recent pay stubs or employment verification letters from employers.

  4. Age and Residency. Borrowers must be at least 18 years old and legal residents of the United States or permanent residents with a valid Social Security Number to qualify for a family planning loan.

  5. Credit History. Lenders review borrowers' credit history to assess their repayment behavior and creditworthiness. Negative marks such as bankruptcies, foreclosures, or late payments may impact loan eligibility.


  1. Loan Amounts. Family planning loans typically offer loan amounts ranging from $5,000 to $100,000, allowing borrowers to borrow the necessary funds to cover their family planning expenses and unexpected costs that come along with the process.

  2. Interest Rates. These loans often feature competitive fixed interest rates, which remain consistent throughout the life of the loan. Interest rates can vary based on factors such as the borrower's credit score, income, and repayment term.

  3. Repayment Terms. Borrowers can choose from various repayment terms, typically ranging from 12 to 84 months. Longer repayment terms may result in lower monthly payments but may also accrue more interest over time.

  4. Origination Fees. Some lenders may charge origination fees, typically ranging from 1% to 5% of the loan amount, which are deducted from the loan proceeds at the time of funding.

  5. Prepayment Penalties. Borrowers should inquire about any prepayment penalties associated with the loan. Prepayment penalties may apply if the borrower pays off the loan before the end of the agreed-upon term.

  6. Automatic Payment Discounts. Many lenders offer discounts on interest rates for borrowers who enroll in automatic payment plans, providing an incentive for timely payments.

  7. Co-Signer Options. Some lenders may allow borrowers to apply with a co-signer, which can help improve their chances of approval and potentially secure more favorable loan terms.

Ways to Get the Money

  1. Direct Deposit. Once the loan is approved and finalized, the lender can deposit the loan funds directly into the borrower's designated bank account. This method is convenient and ensures quick access to the funds for immediate use in covering family planning expenses.

  2. Wire Transfer. In cases where borrowers require expedited access to the loan funds, lenders may offer the option of a wire transfer. Wire transfers allow for same-day or next-day delivery of the funds directly to the borrower's bank account, albeit typically at an additional fee.

  3. Payment to Service Providers. In certain instances, lenders may offer to pay the family planning expenses directly to the service providers on behalf of the borrower. This arrangement can streamline the process and eliminate the need for borrowers to manage multiple payments to different vendors.

  4. Escrow Accounts. In cases where the loan is intended for specific purposes, such as adoption or surrogacy, lenders may establish escrow accounts to hold the loan funds until needed for payment to the relevant service providers. This ensures that the funds are allocated appropriately and disbursed in accordance with the borrower's needs and agreements.

Best Places to Get a Family Planning Loan

  1. Avant. Avant offers fixed-rate personal loans ranging from $2,000 to $35,000, with APRs varying between 9.95% and 35.99%. With loan terms spanning from 12 to 60 months, their loans are suitable for covering fertility treatments such as IVF, FET, and surrogacy. Avant aims to alleviate the financial stress associated with fertility financing, providing access to coverage starting from $5,000 up to $50,000 within as fast as 48 hours, empowering individuals to focus on their treatment without added financial worry.

  2. PNC. PNC Personal Loans offer individuals the flexibility to pursue various family planning options, including adoption, surrogacy, or other methods, with loan amounts ranging from $1,000 to $35,000. With no prepayment penalty, origination or application fees, and no collateral required for unsecured loans, PNC's loans provide the confidence needed to embark on the journey of growing a family. Borrowers can select their desired loan amount and benefit from a streamlined borrowing experience.

  3. SoFi. SoFi enables individuals to grow their families with personal loans ranging from $5,000 to $100,000, offering fixed rates between 8.99% APR and 29.49% APR. Compared to high-interest credit cards, SoFi's loans can lead to savings on monthly payments, making them an attractive option for fertility financing. With a range of loan amounts and competitive rates, SoFi provides borrowers with the financial support needed to pursue IVF, adoption, or other family planning endeavors confidently.

  4. Discover. Discover offers family planning loans with benefits tailored to individuals with good credit scores, including no origination fees, competitive APRs, and long repayment terms. Loan funds can be received within one business day, providing quick access to necessary funds for fertility treatments or adoption expenses. However, Discover does not provide autopay discounts and lacks options for applying with a co-borrower or cosigner, limiting some flexibility for borrowers.

Things to Pay Attention To

  1. Interest Rates. Understand the interest rates associated with the loan and whether they are fixed or variable. Compare rates from multiple lenders to ensure you're getting the most competitive offer possible, as even a slight difference in interest rates can have a significant impact on the total cost of the loan over time.

  2. Fees and Charges. Familiarize yourself with any fees and charges associated with the loan, including origination fees, prepayment penalties, and late payment fees. Be sure to factor these costs into your overall borrowing expenses and budget accordingly.

  3. Repayment Terms. Review the repayment terms of the loan, including the length of the repayment term and the frequency of payments. Ensure that the repayment schedule aligns with your financial situation and ability to make timely payments without causing undue strain on your budget.

  4. Loan Amounts. Determine whether the loan amount offered by the lender meets your needs and covers the full cost of your family planning expenses. Avoid borrowing more than necessary to minimize the total amount of debt you'll have to repay.

  5. Credit Score Impact. Understand that applying for a family planning loan may impact your credit score, particularly if multiple lenders perform hard credit inquiries during the application process. Minimize the number of loan applications to prevent unnecessary fluctuations in your credit score.

How to Repay a Family Planning Loan?

  1. Review Loan Terms. Familiarize yourself with the repayment terms outlined in your loan agreement, including the monthly payment amount, due date, interest rate, and any other relevant details. Understanding these terms will help you budget and plan for repayment.

  2. Create a Budget. Assess your monthly income and expenses to determine how much you can afford to allocate towards loan repayment each month. Consider prioritizing loan payments to ensure they are made on time and in full.

  3. Set Up Automatic Payments. Many lenders offer the option to set up automatic payments from your bank account, which can help you stay on track with loan repayment and avoid missing payments. Enrolling in automatic payments can also sometimes qualify you for interest rate discounts.

  4. Make Extra Payments. If possible, consider making extra payments towards your family planning loan to accelerate repayment and reduce the total interest paid over the life of the loan. Even small additional payments can make a significant impact over time.

  5. Communicate with Your Lender. If you encounter financial difficulties or anticipate difficulty making your loan payments, contact your lender as soon as possible to discuss alternative repayment options. Some lenders offer hardship programs or may be willing to adjust your repayment plan to better accommodate your circumstances.

Reasons for Getting Rejected for a Family Planning Loan

  1. Low Credit Score. Lenders often use credit scores as a primary factor in determining loan eligibility. A low credit score, typically below 600, may indicate to lenders that the borrower has a history of late payments, defaults, or other financial challenges, making them a higher risk for loan default.

  2. Insufficient Income. Lenders assess borrowers' income to ensure they have the financial means to repay the loan. If a borrower's income is deemed insufficient to cover the monthly loan payments, they may be denied the loan or offered a lower loan amount.

  3. High Debt-to-Income Ratio. Lenders consider the borrower's debt-to-income ratio, which compares their monthly debt payments to their gross monthly income. A high debt-to-income ratio suggests that the borrower is already carrying a significant amount of debt relative to their income, making it riskier for them to take on additional debt.

  4. Limited Credit History. Borrowers with limited or no credit history may struggle to qualify for a family planning loan, as lenders have less information to assess their creditworthiness. Without a demonstrated history of responsible borrowing and repayment, lenders may be hesitant to extend credit to these individuals.

  5. Recent Credit Inquiries. Multiple recent credit inquiries, particularly within a short period, can signal to lenders that the borrower may be actively seeking additional credit, which could increase their risk of default. This may lead lenders to deny the loan application or offer less favorable terms.


  1. Employer Benefits. Explore whether your employer offers any benefits or assistance programs that can help cover family planning costs. Some employers provide fertility treatment coverage, adoption assistance, or reimbursement programs as part of their employee benefits package.

  2. Government Assistance. Investigate government programs or subsidies available to assist with family planning expenses. Depending on your circumstances, you may qualify for programs such as Medicaid, which may cover certain fertility treatments or adoption expenses.

  3. Home Equity Line of Credit (HELOC). For homeowners with equity in their property, a HELOC can be a cost-effective way to borrow against the value of their home. HELOCs typically offer lower interest rates compared to credit cards and personal loans, making them a potentially attractive option for financing family planning expenses.

  4. Medical Credit Cards. Some healthcare providers offer medical credit cards specifically designed to cover medical expenses, including fertility treatments and adoption costs. These cards often come with promotional financing options, such as deferred interest or low APR periods, but borrowers should be mindful of potential high interest rates once the promotional period ends.

Editorial Opinion

Family planning loans offer individuals and couples a financial option to navigate the often significant expenses associated with fertility treatments, adoption, surrogacy, and other family planning endeavors. While they can provide access to necessary funds and enable individuals to pursue their desired paths to parenthood, it's essential to approach them with careful consideration and a thorough understanding of the associated terms and obligations. For some, family planning loans may serve as a valuable resource in achieving their family-building goals, while others may prefer alternative funding avenues or prioritize saving beforehand.


Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.

Additional resources


What is the average loan amount for a family planning loan?

The average loan amount for a family planning loan can vary depending on factors such as the specific fertility treatments or adoption process being pursued, individual financial circumstances, and the lending institution's policies. Typically, family planning loans offer loan amounts ranging from $5,000 to $100,000, allowing borrowers to access the necessary funds to cover expenses such as in vitro fertilization (IVF) treatments, adoption fees, surrogacy costs, and other related services. However, the actual loan amount approved for an individual borrower will depend on factors such as their creditworthiness, income level, and the lender's evaluation criteria.

What is an IVF loan?

IVF loans are a type of specialized personal loans designed to provide financial assistance to individuals or couples seeking to undergo in vitro fertilization (IVF) treatment. IVF is a fertility treatment process that involves fertilizing an egg with sperm outside the body, typically in a laboratory setting, before transferring the resulting embryo to the uterus. IVF treatment can be expensive, with costs varying depending on factors such as the number of treatment cycles needed, medication expenses, and additional procedures such as embryo testing or egg freezing. IVF financing offers borrowers access to funds specifically earmarked for covering the costs associated with IVF treatment, including medical procedures, medications, laboratory fees, and other related expenses.

What is the interest rate for family planning loans?

Interest rates for family planning loans can vary depending on factors such as the borrower's credit score, income level, and the lender's policies. Generally, family planning loans may feature competitive fixed interest rates, which remain consistent throughout the life of the loan, providing borrowers with predictability in their monthly payments. Interest rates for family planning loans typically range from around 5% to 20%, though rates may be higher or lower depending on individual circumstances and prevailing market conditions. Borrowers should carefully review and compare loan offers from multiple lenders to ensure they secure the most favorable interest rate and loan terms available to them.