Statutory health insurance only subsidizes the costs of artificial insemination for married couples and sufficient chances of success, while the marriage certificate is insignificant for the cost sharing of private health insurance companies. The residual amount that remains in any case is so high that most couples need a loan for artificial insemination. There are various options for fulfilling the desire to have children.
Payment in installments in the clinic and the use of credit lines
The installment payment agreed with the clinic is the simplest form of loan for artificial insemination. It is being offered by more and more clinics, but is restricted to six and in some hospitals to twelve monthly installments. Many couples can use the credit line of their checking account or the credit line of a credit card account as an easily accessible loan for artificial insemination. The use of existing credit lines is only recommended if the account settlement is possible within six months at the latest. Otherwise there will be high debit interest for the overdraft facility and even more for the partial payment of the credit card.
The bank loan for an artificial insemination
During a credit discussion, the bank clerk often learns that the loan applied for is intended for artificial insemination, even if this information is not relevant for the decision to award. Loans taken out in person at the bank branch are almost always more expensive than consumer loans applied for online, so borrowing via the Internet is recommended. In this case, traditional commercial banks do not ask which projects their customers are financing with the loans applied for.
When borrowing through special banks, however, the indication of the intended use and proof of the use of funds are necessary components of the loan agreement. Couples receive a cheap artificial insemination loan from a bank that funds medical treatment only. In addition, the financial institution that specializes in the granting of health loans rejects significantly fewer loan applicants than general credit banks.
When deciding on a loan term, couples take into account that after successful treatment, they will need more money in nine months than they do today. If both partners work, the household income also decreases because the parental allowance does not fully compensate for the work income. For this reason, the agreed monthly installments for a loan for artificial insemination must leave sufficient financial scope so that the longest possible loan term offers itself.
The personal loan for artificial insemination
Private lenders can easily understand a couple’s desire for a baby and rate an application for artificial insemination as above-average sense. For this reason, they willingly draw the relevant credit inquiries, even with weak credit ratings. Organized private lending is carried out via different platforms, the basic conditions of which differ in some cases.
Common to all personal loans is that only the private individuals registered as lenders make the decision to grant them, while the formally involved financial institution with a full bank license only serves to meet legal requirements. The likelihood of a quick credit subscription increases if the couple planning an artificial insemination publishes extensive information about themselves and their desire to have children.
Since data protection is guaranteed on the awarding platforms, couples looking for a loan can safely provide personal information about their desire to have children. The respective contact details and bank details of private borrowers and lenders are only known to the platform operator, who has also set up the settlement account and a contact option for queries.