Wedding loans

• using a Personal Loan to pay for a wedding can help you to tie the knot in style
• before you take out any type of loan or credit you need to be sure you can afford the repayments
• there are also other options such as using savings or credit cards which may be a suitable alternative to a Personal Loan.

A wedding loan is a Personal Loan being used to help fund a wedding. Whether your wedding is going to be a showstopping event, or something smaller and more intimate, weddings can get expensive. They often mean you have a lot to pay for at once, and you might need to borrow money to cover some of the costs. Before you take out a loan for a wedding, bear in mind that wedding loans come with added interest that you’ll need to pay back and a set term in which you’ll need to pay it back by.

Expenses can quickly stack up when you’re in the thick of planning your big day. A wedding loan can ease the pressure and help cover costs like securing a venue, reserving a rocking band and locking in a catering company. 

From flowers, to hair and makeup and planning a honeymoon getaway, there's a lot of expenses you'll need to budget for. A loan could help you to bridge the gap if you're running low on funds.

Wedding loans are unsecured, which means you do not provide an asset as security. When you apply, your application is assessed on your income, outgoings and credit history. An example of a secured loan is a mortgage. For a mortgage, in addition to a usual credit assessment, you also provide an asset as security (for example your home) . You should always think carefully before securing other debts against your home. Your home may be repossessed if you don't keep up repayments on your mortgage.