What You Need to Know About Fertility Financing
Share this article:
Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is Fertility Financing?
How Does Fertility Financing Work?
What Can a Fertility Loan Be Used for?
Fertility and genetic testing Medications IVF treatments Egg storage
Are There Fertility Loans for Bad Credit?
What Are the Requirements for Fertility Loans?
Annual income Lenders typically have minimum income requirements to ensure borrowers have the means to repay a loan. You may be asked to provide evidence of income, such as recent tax returns, monthly bank statements, pay stubs, or signed letters from employers. Credit score Your credit score plays a large role in whether or not you get approved for a fertility or personal loan, as well as what your interest rate will be. A personal loan for fair credit, for instance, will typically come with a higher rate than one for excellent credit. Debt-to-income ratio This compares your monthly debt payments to your monthly pre-tax income, and impacts how much you’re able to borrow for your fertility loan. Lenders have a maximum percentage of your monthly income that can go towards debt payments. Your new monthly payment on a fertility loan, plus your existing debt load, needs to stay under this max.
Fertility Loan & Other Financing Options
Personal Loan
Credit Cards
Payment Plan
HSA/FSA
Home Equity Financing
Where to Get a Fertility Loan
Frequently Asked Questions
About the Author
Share this article: