Adoption loans: how to cover the cost of growing your family

An adoption loan lets you borrow money over a fixed period of time to cover the high costs of adopting a child.

Another financing option to consider is an interest-free loan from a not-for-profit or religious organization. These loans are specifically designed to help qualifying families afford adoptions.

The application for these interest-free loans may be more intense compared to personal loans — and the funding time may take longer — but you’ll save money in the long run by not having to pay any interest alongside your principal payments.Borrow up to $20,000 to cover both international and domestic adoptions. Applicants need to pass a home study evaluation before moving forward.Lifesong helps with a wide range of fundraising opportunities for applicants, with interest-free loans among them.

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