Compare loan options for a quinceañera

Throw your special girl a once-in-a-lifetime celebration.

Last updated:

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

As you organize your daughter’s quinceañera, you might struggle to find ways to pay for the inevitable expenses that arise when hosting such a large party. A personal loan is just one option that can open up your budget to cover just about everything your little girl wants on her special day.

Our top pick: LendingClub Personal Loan

  • Min. Credit Score Required: 640
  • Min. Loan Amount: $1,000
  • Max. Loan Amount: $40,000
  • APR: 6.95% to 35.89%
  • Requirements: US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
  • Available in 48 states
  • Checking rate won't affect your credit
  • Can apply with a cosigner

Our top pick: LendingClub Personal Loan

A peer-to-peer lender offering fair rates based on your credit score.

  • Min. Credit Score Required: 640
  • Min. Loan Amount: $1,000
  • Max. Loan Amount: $40,000
  • APR: 6.95% to 35.89%
  • Requirements: US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.

Where can I get a loan to pay for a quinceañera?

The type of personal loan you qualify for depends on your overall creditworthiness, financial history, requested loan amount and other factors. You may want to look beyond your local bank to compare online lenders, which might have easier eligibility requirements or faster turnaround times.

  • Online lenders. The fastest way to get a loan is through an online lender. You can qualify for a number of personal loan options, and depending on your finances, you may be able to borrow up to $50,000. However, interest rates tend to be higher than what you’ll find with banks and credit unions.
  • Banks. Banks are one of the most common places people go when looking for a personal loan. Often, they offer the largest loan amounts at decently competitive rates. But if you don’t have good to excellent credit — or you only need a smaller loan amount — a bank may not be your best choice.
  • Credit unions. If you have an account with a credit union, it may offer affordable personal loans with flexible repayment terms. It’s similar to loans from banks or online lenders, but they typically come with lower interest rates. Plus, many credit unions offer loans of smaller dollar amounts. So you may be able to borrow less than $2,000, which is most online lenders’ minimum.

Overall, you’ll want to borrow only the amount you need — taking out a loan for the exact amount of your costs can mean lower monthly repayments and less interest paid over the life of the loan.

Compare personal loans

Updated January 26th, 2020
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible Personal Loans
3.99% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Fiona Personal Loans
3.84% to 35.99%
Good to excellent credit
Get loan offers from multiple lenders at once without affecting your credit score.
Upgrade Personal Loans*
6.98% to 35.89%
Affordable loans with two simple repayment terms and no prepayment penalties.
Even Financial Personal Loans
3.84% to 35.99%
Get connected to competitive loan offers instantly from top online consumer lenders.
NetCredit Personal Loans
34% to 155% (Varies by state)
No minimum
Check eligibility in minutes and get a personalized quote without affecting your credit score.
Monevo Personal Loans
3.99% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
PenFed Credit Union Personal Loans
6.49% to 17.99%
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
LendingClub Personal Loan
6.95% to 35.89%
A peer-to-peer lender offering fair rates based on your credit score.
SoFi Personal Loan Fixed Rate (with Autopay)
5.99% to 20.01%
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

How much does a quinceañera cost?

The cost of a quinceañera can quickly add up to $5,000 or more, and fancier affairs can have price tags as high as five figures.

One way to estimate how much a quinceañera will cost is to write out potential expenses. List the basics — your venue, the dress, invitations, a caterer, a DJ and any beauty perks for the girl of the day and her friends. Consider flowers, decorations, party favors and other smaller costs, as well as the cake, transportation to and from the reception and a photographer, if needed.

A quinceañera is a once-in-a-lifetime occasion, but you may not want to break the bank for a party. Plan early and don’t be afraid to barter for services. You can throw a great party on a budget by keeping it simple and classy.

4 tips to save money before the quinceañera

Before you take out a large loan, consider ways to decrease the expenses that come with coming of age. Ask yourself these four questions:

  1. How can you save on food? Many families have a chef — aspiring or professional — who can help out. A sophisticated potluck could also help you save money.
  2. Know a photographer? If you have a budding photographer in your family or circle of friends, they could be a solid alternative to hiring a professional. Just be sure to set aside a bit of cash for their services — they’re still working, after all.
  3. Have a crafty hand? DIY decorations and hair styles can save hundreds of dollars you’d otherwise spend at boutiques and salons. It can also be a great way to bond with others and give the honored girl some control in the looks of her party.
  4. Any good sales coming up? Save money by hunting down dress sales or borrowing clothing and accessories from a chic friend or relative.

You may also want to consider opening a separate savings account for the quinceañera far ahead of the special day, if possible. Stashing away money early could take off some pressure and maximize your budget enough to avoid a large loan.

Plenty of people have thrown large quinceañeras on a budget. If you’re interested, try searching online forums to plan a spectacular celebration without spending too much.

How else can I pay for a quinceañera?

  • Ask for help from loved ones. A quinceañera is a big event for the whole family, and you could find that your family is willing to help with venue cost, the perfect dress or any of the other expenses that come with this celebration.
  • Put some costs on a card. While a credit card likely won’t cover the full cost of a quinceañera, putting some of the expenses on a credit card can offset the initial price of smaller items.
  • Build up your savings. Quinceañeras don’t come as a surprise. Ask around to find top venues in your area, and get estimates with local services ahead of time. By planning ahead, you can start building toward the amount you need for your honored girl’s big day.

Bottom line

At the end of the day, a quinceañera can cost you thousand of dollars. If you have a large family, want an expensive venue or simply don’t have the savings for the blowout you’re looking for, a personal loan could make your quinceañera preparations affordable.

To find the best rate and terms you’re eligible for, compare multiple lenders before applying. You may want to consider savings tips and letting your family pitch in before taking on a big debt.

Frequently asked questions

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site