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Compare In Vitro Fertilization (IVF) Loans

Need money to fund your in-vitro fertilization? Find out about financing options for your fertility treatments.


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Using in-vitro fertilization (IVF) to start or add to a family is a big financial decision. Provincial funding for IVF varies dramatically across Canada, with only four provinces offering free treatments, discounts or tax credits related to the procedures themselves. But even with these credits and discounts, IVF can still be costly. To cover the on-going, expensive treatments, you’ll need to have some savings on hand – and have access to financing options.

Read on to learn about financing options for IVF treatment in Canada.

How much does IVF cost?

In Canada, the cost for one single course of IVF treatment is between $10,000 and $15,000, however some treatments can extend up to $20,000 if there are exceptional factors at play. Since IVF isn’t always successful after the first course of treatment, several attempts may be needed, possibly doubling, tripling or even quadrupling the total cost.

While some private insurance plans may cover a portion of your fertility treatment costs, and there may be provincial or territorial coverage, discounts or tax credits, there are likely still going to be expenses that you’ll need to cover yourself. Be sure to check how much you’ll be responsible for paying after taking into account any deductibles, insurance coverage or government support.

Compare personal loans you can use for IVF

Name Product Interest Rate Max. Loan Amount Loan Term Fees Min. Credit Score Link
Mogo Personal Loan
9.90% - 47.42%
9 months - 5 years
NSF fee - $20 - $50
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Mogo offers loans up to $35,000 on flexible terms.
Loans Canada Personal Loan
Secured from 2.00%, Unsecured from 8.00% to 46.96%
3-60 months
No application or origination fees
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Loans Canada connects borrowers to lenders offering both secured and unsecured personal loans in amounts from $300 to $50,000. Submit one application to get rates from multiple lenders across Canada.
Fairstone Personal Loan (Unsecured)
26.99% - 39.99%
6 months - 5 years
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Fairstone offers unsecured personal loans up to $20,000
LoanConnect Personal Loan
Secured from 1.90%, Unsecured from 10.00%-46.96%
3-60 months
No application or origination fees
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LoanConnect is an online broker that matches borrowers to lenders offering loans in amounts from $500 to $50,000. Get approved for multiple loan offers from different lenders in as little as 60 seconds with any credit score.
Magical Credit Personal Loan
19.99% - 46.80%
6 months - 5 years
A single administration fee of $194 for $1,500 loans and up
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Magical Credit offers unsecured personal loans in amounts up to $20,000.
Cash Money Installment Loan
6 months - 5 years
Vary across provinces/territories
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Cash Money offers installment loans up to $10,000 for AB, MB and NB residents.
LendDirect Personal Loan
19.99% - 46.93%
No end dates
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Borrow up to $15,000, based on your income and credit history, with a personal line of credit from LendDirect.
LendingMate Personal Loan
43% (British Columbia and Ontario) and 34.90% (Quebec)
1-5 years
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LendingMate offers loans to Canadians with poor credit with no credit checks. Co-signer required for application.
Fairstone Personal Loan (Secured)
19.99% - 23.99%
3-10 years
Varies by province
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Fairstone offers secured personal loans up to $35,000.

Compare up to 4 providers

Representative example: The Smiths get IVF

John and Kelly are doing their first round of IVF treatment. When they take government grants, credits and private coverage into account, they will still need to cover $6,000.00 out of pocket (with the total IVF treatment costing $10,000.00). With $2,000.00 in savings, the couple will need to seek financial assistance in the form of a personal loan. Since they’ve both got excellent credit, the Smiths head to their bank and are approved for a $4,000.00 loan with a low interest rate and a one year loan term. Although the loan comes with an origination fee of 3.00%, the loan total is still cheaper than other loan offers they’ve prequalified for.

Cost of IVF treatment$6,000.00
Loan typePersonal loan
Loan amount$4,000.00
Interest rate5.00%
Loan term1 year
Additional feesOrigination fee of 3.00% ($120.00)
Monthly payment $342.43
Total loan cost$4,229.16

*The information in this example, including rates, fees and terms, is provided as a representative transaction. The actual cost of the product may vary depending on the retailer, the product specs and other factors.

How can I pay for fertility treatment?

Is IVF covered in my province or territory?

IVF coverage varies widely across Canada. Browse the table below to learn more about funding in your specific province or territory. Note that you can’t just apply to a neighbouring province if there’s better coverage. You need to live and work in a specific jurisdiction to access services.

The tables below give an overview of funding as of November 2019. While testing is often covered, only four provinces offer financial assistance for IVF itself: Manitoba, Ontario, New Brunswick and Quebec. Before making decisions, keep up to date with coverage in your province or territory of residence.

Province/TerritoryWhat’s covered?What’s not covered?Tax credits offered
AlbertaInfertility testing and some surgeries.IVF or similar treatments.No
British ColumbiaSome tests and some infertility surgeries.IVF or IUI (Intrauterine insemination).No
ManitobaInfertility testing and some surgeries, as well as a portion of IVF costs.IVF or similar treatments not fully covered.40% of treatments covered, including IVF. Residents can claim up to $20,000 in eligible costs for a maximum credit of $8,000.
New BrunswickInfertility testing and some surgeries, as well as a portion of IVF costs.IVF treatment is not fully covered.Yes. A one-time grant allows you to claim up to 50% of costs up to $5,000.
Newfoundland and LabradorInfertility testing and some surgeries.IVF or costs associated with IVF treatments.No
Northwest TerritoriesInfertility testing, surgical procedures and out-of- province diagnostic services.IVF or costs associated with IVF treatments.No
Nova ScotiaInfertility testing and some surgeries.IVF treatments.No
NunavutNo data available. Contact a clinic for more information.No data available. Contact a clinic for more information.No data available. Contact a clinic for more information.
OntarioInfertility testing, minor surgeries and one IVF cycle per eligible patient per lifetime. One additional IVF cycle if the woman is a surrogate and unlimited cycles of AI. Those with medical or non-medical infertility, as well as single people and same-sex couples are eligible for government-funded IVF treatments.Repeated IVF treatments and fertility drugs, which typically cost around $5,000 per cycle. Genetic testing and storage of eggs, etc. is also not covered.No
Prince Edward IslandConsultations. Other covered services are unclear. Contact a clinic for more information.IVF or similar infertility treatments.No
QuebecConsultation, infertility testing and surgeries. Partial return of money via tax credits. Claim up to $20,000 in eligible expenses per year, with a maximum credit of 80% (depends on household income). Credit is applicable for one IVF treatment for women under 36, and two treatments for women 37 and over.Repeated IVF cycles.Access between 20-80% of expenses reimbursed via tax credits, depending on household income.
SaskatchewanInfertility testing and some surgeries.IVF or costs associated with IVF treatments.No
YukonInfertility testing, some lab exams, ultrasounds and surgical procedures.IVF or any treatment associated with IVF.No
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Should I use a loan to pay for fertility treatment?

Since most IVF costs aren’t covered by insurance or public health and you may not have enough savings on hand, you might want to consider taking out a personal loan to cover some of the costs.

A loan can be a good idea if:

  • Your insurance doesn’t cover all of your treatment costs and associated expenses.
  • You’ve taken advantage of any provincial or territorial programs.
  • You have good credit and a low debt-to-income ratio (DTI).

    Before opting for a personal loan, consider all of your options including in-house financing, borrowing money from friends and family, community grants and government assistance programs.

    Benefits of using a personal loan for IVF

    Some of the benefits include:

    • Makes paying for IVF easier. IVF is incredibly expensive and taking out a loan breaks up the cost of IVF into more manageable chunks, making it easier to afford with bi-weekly or monthly repayments.
    • You don’t have to wait. Loans allow you to get IVF right now, rather than waiting until you’ve saved up enough money for the treatment. You can usually get approved for a loan within a day or two.
    • A range of loan options. Depending on your eligibility, you may have a range of financing options available to you, including secured and unsecured loans. Secured loans can score you lower rates, but you’ll have to offer up collateral – which can be lost should you default on your loan.
    • Reasonable terms and rates. Many loans come with flexible repayment terms and competitive interest rates so you can borrow affordably and pay back faster without getting into a spiral of debt.

    What to avoid when taking out a personal loan

    When you take out any kind of loan, you should be aware of the following:

    • High interest rates. Some loans can come with unreasonably high interest rates, resulting in you paying more in interest over the life of your loan. If you have a low credit score, expect to pay a higher interest rate.
    • Hidden fees and charges. Before getting a loan, read the terms and conditions carefully to look for any fees you might be charged. These can include application fees, administrative fees, prepayment fees and late fees.
    • High monthly payments. Make sure you choose a reasonable loan term that gives you monthly repayments you can afford – but not so long that you end up increasing the cost of your loan.
    • Borrowing too much. Only borrow exactly what you need since you’ll be paying interest on the amount you borrow. Some lenders will offer you more than you actually request, so only take what you need.

    How to apply for a personal loan

    Depending on the lender, you may be able to apply for a personal loan online, over the phone or in-person at a branch. Before applying, check that you meet the eligibility requirements and have the necessary documents on hand. You should be able to apply for your loan within ten minutes or less.

    Eligibility requirements

    The criteria can vary between lenders, however you’ll usually need to meet the following:

    • Be 18 years of age or the age of majority in your province or territory.
    • Be a Canadian citizen or a permanent resident with a valid Canadian address.
    • Have a working bank account.
    • Have a steady source of income.
    • Meet any necessary credit score requirements.

    Necessary documents

    When filling out the loan application, you’ll need to provide some personal information, including:

    • Contact details such as your full name, phone number, email address and residential address.
    • Social Insurance Number (SIN).
    • Income and employment information.
    • Details of debts and assets.

    Frequently asked questions

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