Wedding Loans

Do you need a loan to finance a wedding? If so, then you've come to the right place! You'll find details on the best way to get a wedding loan, the cheapest way of finding the money, and more.

Why get a Loan for a Wedding?

As you are no doubt aware, a wedding can be a significant financial burden. Even basic weddings cost several thousands of pounds, and often they are upwards of fifteen, twenty thousand, or even more. Ideally we would save up the money in advance - but, as we all know, sometimes that isn't possible. For many people, a loan is the answer for raising the funds for a wedding.

Where can I get a Wedding Loan?

One way is to go to an independent loan broker that searches the market to find the best deal. Unlike your high-street bank, they'll have a panel of lenders so that you can compare the different loans on offer. Here's one independent website:

Click Here to get a FREE Wedding Loan Quote

What Type of Loan do I Need?

It depends on how much you want, and whether you're a homeowner or not. Typically a secured loan offers the lowest rates, and is suitable for when you need to borrow £10,000 or more. Secured loans are borrowed against the equity in your property. This means that lenders are able to offer lower interest rates than for unsecured loans. These unsecured loans are often suitable for lower amounts or for shorter terms, although you can borrow up to £25,000 on one.

Is a Remortgage Suitable to Finance a Wedding?

Possibly. It depends on certain factors, including the amount you want to borrow, and the length of time you'll need to repay the loan. Because most weddings tend to be under £25,000, you might find that a secured loan is more convenient. Of course, you could always take the opportunity to pay off existing unsecured debts like loans or credit cards. Often you'll get a lower rate of interest on a secured loan or remortgage. For example, you might want to remortgage your home for an additional £50,000. This could pay for a £25,000 wedding, and consolidate a further £25,000 of debts into one monthy payment.

Do I Need to Use a Wedding Loan Solely to Pay for a Wedding?

No, not at all. If you take out a general secured or unsecured loan, you can typically use the loan for any purpose. Certain lenders will not let you use the loan for business purposes, but that is typically the only restriction. You could consolidate debts, use the loan for home improvements, buy a car, a holiday, and so on.

Click Here to get a FREE Wedding Loan Quote