How To Get Maternity Leave Loan (How to Apply & Requirements )

While a pregnancy can lead to great happiness and joy, it is also an exhaustive experience. To help women manage the toll it takes on the emotional, mental, and physical state of an individual, most organizations and companies give maternity leave.Maternity Leave Loans

Most of the times, these maternity leave are unpaid and so for the entirety of the time that you are absent from work, you have no source of income if that was your only job. As such, this time period can become difficult to manage. While you can look to make some money using other ways such as working online from the comforts of your own home, some people also look into getting maternity leave loans.

What is a Maternity Leave Loan?

A maternity leave loan is a personal loan that you can obtain to cover the costs of the pregnancy, the childbirth, and the baby itself in the beginning.

How to Apply for a Loan While on Maternity Leave?

The best time to apply for a maternity leave loan so that you have the highest approval chances is while you are still at work and have not yet taken the leave. You must fill in a loan request form that will be provided to you by the lender and submit the relevant documents that are asked of you.

What are Maternity Loan Requirements?

Every lender will have a different set of requirements for you to fulfil. You must fill in the relevant loan request form, submit recent payslips, provide employment and income verification, and an estimate of your expected costs which the loan will cover. The leave period should not be more than 12 months.

The Pros & Cons of a Maternity Leave Loan

  • PROS
  • It gives you extra padding for when the baby comes around and the spendings increase from your expectations.
  • You will be able to provide well for the health of your child and for yourself.


  • CONS
  • Not all lenders are willing to lend loans for maternity leave so it may be troublesome to find a suitable lender.
  • Once you return to work, your priority needs to be to return the loan.
  • You may have to pay back the loan with additional interest, the rates of which carry lender by lender.
Lora Turner

Lora Turner is an Experienced HR professional worked with the large organizations and holding 15 years of experience dealing with employee benefits. She holds expertise in simplifying the leave for the employee benefits. Contact us at: [email protected]

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