Personal Loans for Maternity Leave

Get pre-qualified for a personal loan in just minutes. Checking rates won’t affect your credit score

Our Lending Partner Network
Maternity Leave Loans
Planning for maternity leave & new baby

Can I get a personal loan while on maternity leave?

Paid maternity leave just isn’t guaranteed in the US and so many expectant mothers worry about how they will get by when they cannot bring in income after having a baby.

If you are planning ahead and still find that your finances will be stretched beyond what you can comfortably live with, a maternity leave loan can help you to cover some of the costs of having a new baby so that you can enjoy those early days, weeks, and months together.

Applying for maternity leave financing is fast and easy:

Fill out a simple and fast online application in just minutes

Compare best personalized rates and choose your loan offer

Borrow up to $100,000

Checking rates won’t affect your credit score

Compare personal loan rates

Compare personal loan rates in May, 2024

What are maternity leave loans?

Maternity loans (or maternity leave financing) is funding you can borrow to help you cover the costs of living with a new baby, even if you aren’t able to bring in money during this time.

With maternity leave financing you won’t have to rush back to work before you and your baby are ready and be able to pay for costs that have built up during and after your pregnancy, such as hospital visits.

Benefits of maternity leave loans

Obtaining a maternity leave personal loan can provide numerous unique benefits that can help alleviate financial stress during this important phase of your life. Here is a breakdown of some of these benefits:

  1. Financial Stability: Maternity leave often means a reduction in income or temporary loss of employment. A maternity leave personal loan can provide the financial stability needed to cover everyday expenses, such as medical bills, baby supplies, and utility bills, ensuring you can focus on your well-being and that of your newborn without worrying about finances.
  2. Extended Time Off: Maternity leave personal loans can allow you to extend your time off work by providing additional funds to cover your expenses during the maternity leave period. This extra time off can enhance your bonding experience with your newborn, promote better postpartum recovery, and facilitate a smoother transition when returning to work.
  3. Flexibility: Unlike traditional loans or credit cards, maternity leave personal loans often come with flexible repayment terms. Lenders understand the unique circumstances surrounding maternity leave and may offer favorable terms such as lower interest rates, deferred payments, or longer repayment periods. This flexibility allows you to manage your finances more effectively and comfortably during this critical time.
  4. Reduced Stress: The financial burden associated with having a baby can be overwhelming. By obtaining a maternity leave personal loan, you can alleviate some of the stress associated with meeting immediate expenses. This peace of mind can contribute to better mental and emotional well-being, positively impacting your overall health during pregnancy and postpartum.
  5. Customized Loan Amounts: Maternity leave personal loans are often tailored to your specific needs. You can determine the loan amount required to cover your expenses adequately, ensuring you have enough funds for medical bills, childcare costs, baby equipment, and other necessary expenses. This customization allows you to have better control over your finances and ensures that you are not borrowing more than necessary.
  6. Avoiding High-Interest Debt: If you are unable to obtain a maternity leave personal loan, you might be tempted to rely on high-interest credit cards or other forms of borrowing. By securing a personal loan specifically designed for maternity leave, you can avoid accumulating high-interest debt, ultimately saving money in the long run.
  7. Peace of Mind: Bringing a new life into the world is a joyous occasion, but it can also be accompanied by concerns and uncertainties. By securing a maternity leave personal loan, you can gain peace of mind knowing that your financial needs are taken care of. This financial security allows you to focus on the joy and wonder of motherhood without the constant worry of meeting financial obligations.

How does a maternity leave loan work?

If your employer doesn’t give you paid maternity leave and you don’t have enough savings to cover the whole time off work, a maternity leave loan will provide you with the money you need to cover all living expenses and costs of having a new baby.

A maternity leave loan will cover any lost income and will allow you to receive a sum of money that you can pay back over time in more manageable amounts.

Are there alternatives to maternity leave loans?

There are some alternatives to maternity leave loans to be aware of:

  • Paid parental leave benefits: although the majority of your maternity leave will be unpaid, you work should give you, and maybe even your partner, at least some paid leave. It is a good idea to work out how much pay you will receive during this time so that you can get a better idea of the size of loan you will need. The smaller the better.
  • Short Term Disability Insurance: you will need to make a few payments into this scheme before taking the time off work, but this insurance means that you will be financially covered for the first six to eight weeks after having your baby.
  • Vacation Time and Sick Leave: if you are able to save up both your vacation time and allowed sick leave you will find that you will be financially covered for longer than you may otherwise have been.

When is a good time to take out a maternity leave loan?

If you know you will be taking unpaid maternity leave, it is best to apply for your maternity leave loan before it comes time to actually leave your job, whether that be temporarily or permanently.

This is due to the fact that it is easier to get a loan when you have a steady income and you are more likely to qualify with the best rates. Applying during this time means that your loan will be more affordable for you, and you will already have the funds you need if your baby arrives earlier than expected.

If you are good with your money (as you should be if you’re considering taking out a loan), it may be a good idea to take out your loan as soon as you feel comfortable after becoming pregnant (as soon as you’re into a stable time in your pregnancy) and hold onto that money in a savings pot. That way you’ll have the money secured and won’t have to worry about attaining funds late in your pregnancy.

Types of maternity leave financing options

If you are looking for maternity leave financing, there are a number of options available:

  • Personal Loans: Personal loans are lump sums provided by a large number of lenders that you are required to pay back in fixed installments, over an agreed term, with added interest ranging between 4% and 36%. This type of financing typically comes in amounts of $1,000 to $50,000 depending on the lender, your income and debt, and your credit score, among other things. This is a good option if you are looking to cover your lost salary.
  • Medical Loans: Expectant mothers have the option of taking out a medical loan due to the number of hospital visits required during and after pregnancy. This is often a good way to cover medical expenses so you can keep your savings safe for the future.
  • HELOC: A home equity line of credit, or HELOC, is a type of financing that is backed by your mortgage, or essentially taking out a second mortgage. Although you may be able to borrow a higher amount than other financing options, there is always the risk that your home be repossessed should you default on repayments, so make sure you think about this option carefully.
  • Line of Credit: A personal line of credit works in a similar way to a credit card. You can draw from the total borrowed amount whenever you need and you can use that money again and again after paying it back, for as long as the line of credit is open. The main benefit to this type of financing is that you only have to pay interest on the funds you actually use rather than the total amount.
  • Federal Assistance: Before looking at other options, you should look into whether your state takes part in the Federal Pregnancy Assistance Fund (PAF) Program. This program enables certain states to provide support for pregnant women and new mothers and their families.
  • 401(k) Loan: The last financing option is a 401(k) loan, borrowing money from your retirement fund. This loan enables you to suspend repayments for around one year during time off work. While you should always carefully consider this option, funding having a baby is a good reason to borrow from your retirement.
  • Family: Depending on your relationship with your family or your partner’s family, they may be willing to help you financially, even if it’s just cooking and delivering meals for you.

How much should I borrow for maternity leave?

There are a number of things that you should consider when deciding how much you should borrow towards your maternity leave:

  • Determine how much you will need. This will depend on where you live, your outgoings, your partner’s income and their plans (if applicable), and your family’s needs. Think about what products and services you will need after bringing your baby home, and what you’re happy to cut back on and perhaps find secondhand, and what you’re not. Don’t forget that babies grow quickly, so try not to be too precious!
  • Make sure that your employer will keep the job for you when the time comes to go back to work. Under the Family and Medical Leave Act, eligible employees are entitled to 12-weeks of job-protected (albeit unpaid) leave in a 12-month period. Talk to HR as soon as you feel comfortable to let them know that you’ll be taking your leave and know your rights.
  • Review your financing options. Research each option carefully to decide which will be right for you.
  • Shop and compare. Once you know which financing option is best, you can look around for the best offers. Using a comparison site is very helpful for this.

Need help finding the right loan?

No worries, we've got you covered! Compare personalized loan options in just minutes.

How Pasha Funding Works

How it Works
Apply in minutes

Get pre-qualified in just minutes and compare offers from top lenders. Checking rates won’t affect your credit score.

Choose your offer

Compare and choose an offer that works best for you based on your timeline and budget needs.

Get funded

After your loan is approved with the lender of your choice, receive your funds.

Compare personal loan rates

What documents are required to apply for maternity leave financing?

Each lender and type of maternity leave financing will come with different requirements. With that being said, you will typically need to provide:

  1. Identification Documents: You will typically need to provide a valid government-issued identification document, such as a passport, driver's license, or national ID card. This helps establish your identity.
  2. Proof of Employment: Lenders often require documentation to verify your employment status, such as a letter from your employer stating your job position, salary, and the expected duration of your maternity leave. Pay stubs or bank statements showing your income can also be requested.
  3. Maternity Leave Confirmation: You may need to provide documentation confirming that you are indeed going on maternity leave. This can include a letter from your doctor or healthcare provider indicating your due date and the duration of your planned leave.
  4. Income Verification: Lenders typically want to assess your income stability and repayment capacity. They may ask for recent pay stubs, tax returns, or bank statements to verify your income. If you are self-employed, additional documentation such as profit and loss statements or business tax returns may be required.
  5. Financial Statements: Some lenders may request your financial statements, such as bank statements or investment account statements, to get a better understanding of your overall financial situation.
  6. Credit History: Lenders may check your credit history to assess your creditworthiness. They may ask for permission to access your credit report or request a copy of your credit score.
  7. Additional Documentation: Depending on the lender's requirements, you may be asked to provide additional documents such as proof of address (utility bills or lease agreements), marital status (marriage certificate), or existing debts and obligations (loan statements or credit card statements).

Maternity leave loan calculator

How much do you need to borrow?


Total Payment


Total Interest


Monthly Payment


Ready to apply for a personal loan?

Compare rates from top lenders with no impact on your credit, ever.

Find Your Personalized Rate

Is a maternity leave loan right for me?

Determining whether a maternity leave loan is right for you requires careful consideration of your personal financial situation and needs. Here are some factors to consider when making this decision:

  1. Financial Assessment: Evaluate your current financial situation, including your income, expenses, and savings. Consider whether you have enough savings or alternative sources of income to cover your maternity leave expenses without taking out a loan. If you anticipate financial difficulties during your leave, a maternity leave loan may be worth considering.
  2. Budgeting: Create a budget that outlines your expected expenses during the maternity leave period. Factor in essential costs such as medical bills, childcare expenses, baby supplies, and any outstanding bills or loans. Compare this budget with your available resources to determine if a loan is necessary to cover the shortfall.
  3. Repayment Capability: Assess your ability to comfortably repay the loan after returning to work. Consider the impact of loan repayments on your post-maternity leave budget. If you anticipate any financial constraints or uncertainties regarding your income, it's important to carefully consider whether you can afford the loan repayments.
  4. Interest Rates and Terms: Thoroughly review the interest rates, repayment terms, and any associated fees or penalties of the maternity leave loan. Compare these terms with other financing options available to you, such as personal loans or credit cards. Ensure that the loan terms are favorable and align with your financial goals and capabilities.
  5. Alternatives and Support Systems: Explore alternative options available to you, such as government benefits, employer-provided maternity leave programs, or assistance from family and friends. These alternatives may help reduce or eliminate the need for a maternity leave loan.
  6. Future Financial Goals: Consider how taking out a maternity leave loan may impact your long-term financial goals. Evaluate whether the loan fits into your overall financial plan and if it aligns with your objectives. Be mindful of any potential consequences, such as increased debt or compromised financial stability.

How to apply for a personal loan for maternity leave

To apply for a maternity leave loan, follow these steps:

  1. Research Lenders: Look for lenders or financial institutions that offer maternity leave loans. Check their eligibility criteria, interest rates, loan terms, and customer reviews to find a reputable lender.
  2. Gather Required Documents: Prepare the necessary documents, which may include identification documents, proof of employment, confirmation of maternity leave, income verification, financial statements, and credit history.
  3. Complete the Application: Fill out the loan application provided by the lender. Provide accurate information regarding your personal details, employment, income, and loan amount requested.
  4. Submit the Application: Submit your completed application along with the required documents to the lender. Some lenders allow online applications, while others may require in-person visits or mailing of documents.
  5. Wait for Approval: The lender will review your application and assess your eligibility. They may contact you for additional information if needed. The approval process duration can vary depending on the lender.
  6. Receive Loan Offer: If approved, the lender will provide you with a loan offer outlining the loan amount, interest rate, repayment terms, and any associated fees. Review the offer carefully before proceeding.
  7. Accept the Loan Offer: If you agree with the terms and conditions, accept the loan offer. This typically involves signing a loan agreement or electronically accepting the offer.
  8. Disbursement of Funds: After accepting the loan offer, the lender will disburse the loan amount to your designated bank account. The time it takes to receive the funds can vary depending on the lender and their processes.
  9. Repay the Loan: Start making repayments according to the agreed-upon terms, including the monthly payments, interest, and any applicable fees. Set up a repayment plan and ensure timely payments to avoid penalties.

Compare personal loans from top lenders

Are you ready to find a personal loan for your needs? We've partnered with Credible to help you find your rate. Checking your score is free and won't impact your credit!

Personal Loans for Every Occasion

Compare Personal Loans in Minutes

Apply online and find your rate. Checking rates won’t affect your credit score.

Loan rate & terms disclosure: Prequalified rates are based on the information you provide and a soft credit inquiry. Receiving prequalified rates does not guarantee that the Lender will extend you an offer of credit. You are not yet approved for a loan or a specific rate. All credit decisions, including loan approval, if any, are determined by Lenders, in their sole discretion. Rates and terms are subject to change without notice. Rates from Lenders may differ from prequalified rates due to factors which may include, but are not limited to: (i) changes in your personal credit circumstances; (ii) additional information in your hard credit pull and/or additional information you provide (or are unable to provide) to the Lender during the underwriting process; and/or (iii) changes in APRs (e.g., an increase in the rate index between the time of prequalification and the time of application or loan closing. (Or, if the loan option is a variable rate loan, then the interest rate index used to set the APR is subject to increases or decreases at any time). Lenders reserve the right to change or withdraw the prequalified rates at any time.

Requesting prequalified rates on Credible is free and doesn't affect your credit score. However, applying for or closing a loan will involve a hard credit pull that impacts your credit score and closing a loan will result in costs to you.