Can I Get IVF loan for Fertility Treatment?

Infertility can be a source of anguish for many childless parents. Fertility treatments like in-vitro fertilisation (IVF) has proven to a great solace to such parents, helping them to conceive and have children. However, these treatments are expensive and can run into lakhs of rupees. For cash-strapped people, there could no choice but to take recourse to IVF loans. While there are no specific products called IVF loans, Personal Loans from a bank are a good source of financing for to be parents.

Many banks offer personal loan at reasonable rates of interest. These loans are disbursed quickly and do not need documentation. Some like HDFC Bank offer disbursal of loans in 10 seconds for selected pre approved customers. If you are a non – HDFC Bank customer, you can get the loan in a matter of 4 hours.

Here’s what you need to know about such loans:

  • Compare rates: Since different banks offer different rates, you should do a comparison before choosing any one bank.
  • Documentation: You will have to provide various documents to prove your identity, address and income. This documentation may not be required if you are already a customer of the bank.
  • Tenure: The tenure of a personal loan ranges from one to five years.
  • Repayments: You can repay the loan in easy equated monthly instalments (EMI). You can work out the tenure and the amount of EMI you pay every month with the bank. The amount can be paid through post-dated cheques or you can leave a standing instruction to debit your HDFC Bank account with the EMI amount. HDFC Bank offers EMI’s starting at Rs 2,149 per Lac.
  • Amount: The amount of the loan varies from bank to bank. HDFC Bank, for example extends loans for up to Rs 40 lakh, depending on eligibility.
  • Credit score: You will be able to get better terms if you have a good credit score.
  • Online disbursal: Many banks disburse loans online, particularly to existing customers, with minimal documentation.
  • Eligibility calculator: If you want to check if you are eligible for a loan from HDFC Bank use its Personal Loan eligibility calculator.

Looking for alternate options for IVF treatments? Click here to read more!

Apply now for a Personal Loan from HDFC Bank!

* Terms & conditions apply. Personal Loan disbursal at sole discretion of HDFC Bank Ltd.