Paying for IVF: Should You Use Credit, Loans or Savings?

Deciding how to pay for IVF is one of the most important financial decisions many couples will ever make. With average costs ranging from £5,000 to £8,000 per cycle — and often more when add-ons are included — choosing the right payment method can significantly impact your financial wellbeing. This blog explores the three main options: personal savings, credit cards, and loans — including fertility-specific finance options — so you can make an informed choice.

Using Personal Savings

Savings are typically the safest and least stressful way to pay for IVF. You avoid interest charges, don’t risk harming your credit score, and maintain full control of your finances.

Pros:

• No interest or repayment obligations
• No application process or eligibility criteria
• Less stress in the long term

Cons:

• Can deplete your emergency fund
• May delay starting treatment if saving takes time
• Not feasible for everyone depending on income and cost of living

Tip: Consider using a dedicated IVF savings account or ISA to avoid spending the funds elsewhere.

Using Credit Cards

While credit cards offer convenience and potential short-term flexibility, they come with high interest rates and risk long-term debt if not repaid quickly.

Pros:

• Immediate access to funds
• Some offer 0% interest for an introductory period
• May include perks like cashback or travel protection if used for related costs

Cons:

• Typical APRs in the UK are between 21%–35% if not repaid in full each month
• High credit use can damage your credit score
• Missed payments incur late fees and interest

Tip: If using a card, choose one with 0% interest on purchases for at least 12 months and aim to repay before the promotional period ends.

Using Loans (Including Fertility Finance Providers)

Personal loans or specialist fertility loans offer structured repayment terms, typically over 1 to 5 years. Some IVF clinics partner with third-party lenders offering dedicated fertility finance.

Pros:

• Fixed monthly payments with predictable terms
• Some providers specialise in fertility and understand IVF timelines
• May allow you to start treatment sooner than saving would

Cons:

• APRs vary widely (from 6% for excellent credit to 20%+ for lower scores)
• Some lenders require a co-signer or minimum income
• Adds to your overall debt and monthly commitments

Fertility Finance Tip: Some providers such as Access Fertility and Gaia offer refund-based multi-cycle packages with optional payment plans. Always review terms carefully and compare to standard personal loans.

Real-Life Example: Sam and Rachel used a 0% credit card to pay their clinic deposit and savings for the rest. By budgeting for full repayment before the interest-free period ended, they avoided extra charges and maintained control over their finances.

There’s no one-size-fits-all answer when it comes to paying for IVF. For some, saving is the most responsible route. For others, credit or loans enable them to start sooner. What matters most is understanding the risks, comparing options carefully, and choosing what aligns with your financial reality and emotional readiness