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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.

Name Product Interest Rate Loan Amount Loan Term Requirements Credit Score Link
LoanConnect Personal Loan
Secured from 1.90%, Unsecured from 5.75%-46.96%
$500 - $50,000
3 - 120 months
Currents debts must total less than 60% of income
Min. credit score: 300
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An online broker who helps inform clients towards better finances. Get pre-approved by different lenders for unsecured or secured loans in 5 minutes with any credit score.
goPeer Personal Loan
8.00% - 31.00%
$1,000 - $25,000
36 - 60 months
Recommended income of $40,000 /year
Min. credit score: 600
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Canada's first regulated consumer peer-to-peer lending platform offering unsecured loans. Connects creditworthy Canadians looking for a loan with Canadians looking to invest. goPeer strives to offer the most competitive interest rates. Apply in minutes and get a response within 24 hours.
Spring Financial Personal Loan
17.99% - 46.96%
$500 - $15,000
9 - 48 months
Min. income of $1,800 /month, 3+ months employed
Min. credit score: 400
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An online lender offering unsecured personal loans and credit builder loans. Those filing for bankruptcy or a consumer proposal can also apply. If you're not eligible for an unsecured loan, you may be offered a loan to help rebuild your credit.
ConsumerCapital Personal Loan
19.99% - 34.99%
$1,500 - $12,500
24 - 60 months
Min. income of $1,900 /month, 6+ months employed
Min. credit score: 600
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An online lender that provides fast unsecured personal loans. Complete an application in less than 10 minutes and get a decision within 24 hours. For faster loan approval, complete the Flinks bank integration in the app.
SkyCap Financial Personal Loan
12.99% - 39.99%
$500 - $10,000
9 - 36 months
Min. income of $1,200 /month, stable employment
Min. credit score: 550
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An online lender offering unsecured personal loans to borrowers with a wide range of credit scores. Apply in less than 5 minutes and if approved, receive financing in as little as 24 hours.
FlexMoney Personal Loan
18.90% - 46.93%
$500 - $15,000
6 - 60 months
Min. income of $2,000 /month, 3+ months employed
Min. credit score: 500
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An online lender offering flexible unsecured loans. Apply in less than 10 minutes and if approved, receive financing in as little as 24 hours. Pay off your loan at any time.
Loans Canada Personal Loan
Secured from 2.00%, Unsecured from 8.00% to 46.96%
$300 - $50,000
3 - 60 months
No min. income or employment requirements
Min. credit score: 300
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An online broker with the largest lender network in Canada. Get matched for free with lenders offering both unsecured and secured loans through one quick application regardless of your financial situation.
Mogo Personal Loan
9.90% - 46.96%
$200 - $35,000
6 - 60 months
Min. income of $13,000 /year
Min. credit score: 500

Mogo offers a 100-day money-back guarantee. If you're not happy with your loan, pay back the principal and get your 100 days of paid interest and fees back.
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An online lender who aims for a hassle-free process through same-day unsecured loan approval and funding. Get a loan fast and track your credit score for free.
Fairstone Personal Loan (Unsecured)
26.99% - 39.99%
$500 - $25,000
6 - 60 months
Able to make monthly repayments on your loan
Min. credit score: 560
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An online lender with a team dedicated to professional service. Get a quote for an unsecured loan without impacting your credit score. Receive funds within as little as 24 hours. No prepayment fees.
Fairstone Personal Loan (Secured)
19.99% - 23.99%
$5,000 - $50,000
60 - 120 months
Must be a homeowner
Min. credit score: 560
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Use your home equity to get a secured loan up to $50,000 with flexible repayment options and a long loan term. Get a quote without impacting your credit score.
Loan Away Personal Loan
19.90% - 45.90%
$1,000 - $5,000
6 - 36 months
No min. income or employment requirements
Min. credit score: 300
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A lender that approves unsecured loans in as little as 20 minutes. Get affordable monthly repayments with any credit score.

Compare up to 4 providers

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 4 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.

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 1 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?

FlexMoney Personal Loan

FlexMoney Personal Loan


18.9 %APR


  • Same day funding
  • Quick online application
  • Pay off loan anytime

FlexMoney Personal Loan

Apply online in less than 10 minutes. If approved, receive funds in as little as 24 hours. Pay off your loan at any time.

  • APR: 18.90% - 46.93%
  • Loan amount: $500 - $15,000
  • Loan term: 6 - 60 months
  • Fees: No application, origination or prepayment fees
  • Min. credit score: 500
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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 July 2021. While testing is often covered, only 4 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, ovulation induction, therapeutic donor insemination (TDI), hyperstimulation/intrauterine insemination (HS/IUI), intracytoplasmic sperm injection (ICSI), frozen embryo transfer, oocyte donation, assisted hatching, fertility preservation, surrogacy, and testicular sperm extraction (TESE). Read more about the Manitoba Fertility Treatment Tax Credit.IVF or similar treatments not fully covered. Travel costs and other associated costs (like board and lodging) cannot be used in the calculation of your Fertility Treatment Tax Credit.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. You must have been diagnosed by a physician with fertility problems and have received infertility treatment after April 2014. Read more about the New Brunswick Infertility Treatment Special Assistance Fund.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.
OntarioInfertility testing, minor surgeries and 1 IVF cycle per eligible patient per lifetime (patient must be under the age of 43). An additional IVF cycle if the woman is a surrogate and unlimited cycles of AI (artificial insemination) and IUI (intra-uterine insemination). Those with medical or non-medical infertility, as well as single people and same-sex couples are eligible for government-funded IVF treatments. Read more about Ontario coverage limits here.Repeated IVF treatments and fertility drugs, which typically cost around $5,000 per IVF cycle and $1,000 per AI or IUI 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 1 IVF treatment for women under 36, and 2 treatments for women 37 and over, as long as the treatment is carried out at a Quebec facility and holds a licence in accordance with the province. Expenses paid for drugs that are prescribed by a physician and whose purchase is registered by a pharmacist, and not covered by a health insurance plan, are also allowed in your claim. Read more about the Quebec Tax Credit for the Treatment of Infertility.Repeated IVF cycles. Credit is allowed for 1 IVF treatment for women under 36, and 2 treatments for women 37 and older.Access between 20-80% of expenses reimbursed via tax credits, depending on household income. You cannot include expenses for which you or your spouse were reimbursed or could be reimbursed.
SaskatchewanInfertility testing and some surgeries. Saskatchewan Health also covers most costs to determine treatment options, including consultations, ultrasounds and fertility testing.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 10 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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