Compare wedding loans

Found the one and just need to work out how to finance the big day? A wedding loan could help you spread the cost with manageable monthly repayments.

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Compare personal loans for your wedding

Table: sorted by representative APR, promoted deals first
Late repayments can cause you serious money problems. See our debt help guides.
Name Product Finder score Total Payable Monthly Repayment Representative APR Link
Novuna Personal Loan
Check eligibility
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Representative example: Borrow £10,000.00 over 3 years at a rate of 7.4% p.a. (fixed). Representative APR 7.4% and total payable £11,142.00 in monthly repayments of £309.50.
My Community Bank Personal Loan
Check eligibility
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Representative example: Borrow £5,000 over 48 months at a rate of 24.9% pa (fixed). Representative APR 27.9% and total payable £7,939.24 in monthly repayments of £165.40.
Fluro (formerly Lending Works) Personal Loan
Check eligibility
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Representative example: Assumed borrowing of £7,500.00 over 48 months at 17.9% APR representative. Monthly cost of £214.79. Total amount repayable of £10,309.78. Interest rate of 16.6% p.a.(fixed) and total fees of £150.00. Available for loan amounts between £5,000 - £25,000.
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thinkmoney Personal Loan
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Representative example: If you borrow £29,100 over 12 years, initially on a fixed rate for 5 years at 8.885% and for the remaining 7 years on the Lender's standard variable rate of 9.285%, you would make 60 monthly payments of £375.53 and 84 monthly payments of £380.29.
Tesco Bank Personal Loan
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Representative example: Borrow £10,000.00 over 3 years at a rate of 6.5% p.a. (fixed). Representative APR 6.5% and total payable £11,003.04 in monthly repayments of £305.64.
Zopa Personal Loan
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Representative example: Borrow £1,500.00 over 3 years at a rate of 22.9% p.a. (fixed). Representative APR 22.9% and total payable £2,028.60 in monthly repayments of £56.35.
Barclays Existing Current Account Loan
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Representative example: Borrow £10,000.00 over 3 years at a rate of 6.1% p.a. (fixed). Representative APR 6.1% and total payable £10,941.12 in monthly repayments of £303.92.
Lloyds Bank Existing Customer Personal Loan
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Representative example: Borrow £10,000.00 over 3 years at a rate of 6.7% p.a. (fixed). Representative APR 6.7% and total payable £11,034.00 in monthly repayments of £306.50.
Plend personal loan
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Representative example: Borrow £8,000 over 48 months at a rate of 16.66% p.a. (fixed). Representative APR 17.99% and total payable £11,013.12 in monthly repayments of £229.44.
Tesco Bank Clubcard Personal Loan
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Representative example: Borrow £10,000.00 over 3 years at a rate of 6.1% p.a. (fixed). Representative APR 6.1% and total payable £10,941.12 in monthly repayments of £303.92.
Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

Your wedding day should be one of the happiest days of your life (fingers crossed). However, it can also be one of the most expensive. In 2022 the average cost of a wedding rose to its highest level yet – a whopping £32,000 according to Money Helper. And that’s not all… Unfortunately the tradition of parents acting as the main source of funding for the big day might have run its course for many families, with 51% of couples receiving little support and 32% funding the day completely by themselves (The Independent, 2017).

If, like most people, you don’t have £32,000 lying around or burning a hole in your back pocket, then chances are you’re probably looking at the various ways you could finance your wedding day and honeymoon. This guide is designed to help you decide if taking out a wedding loan is the right course of action for you, and to help you compare wedding loans from a range of lenders.

Key features of wedding loans

When people talk about a wedding loan, they’re often talking about an unsecured personal loan, typically at a fixed rate of interest. Let’s break that down a little. “Unsecured” loans are based on creditworthiness, rather than the use of property or other assets as collateral. With a “Fixed-rate” loan, the interest rate you’re charged will remain level, or “fixed”, for the full term of the loan, and you can calculate beforehand exactly how much the loan will cost you in total.

Here are some of the key features of personal loans:

  • Loan amounts typically between £1,000 and £25,000. While most providers cap their personal loans at £20,000 or £25,000, some lenders will go higher for existing customers, even up to £50,000. The amount you can borrow will depend on factors like your income and credit score.
  • Loan terms typically from 1-8 years. A personal loan allows you to spread the cost of your special occasion into affordable chunks over an extended period of time. As a general rule of thumb, longer loan terms will bring your monthly repayments down, but push the total cost of the loan up.
  • “Fixed” Vs. “Variable” interest rates. Most personal loans have a fixed interest rate, but make sure to check the terms before taking out a loan to establish whether the rate you’ll be charged is fixed or variable. A fixed rate means fixed monthly repayments – useful when you’re budgeting for your wedding (and life after it). Remember, the advertised APR that you see on a lender’s site isn’t necessarily what they’ll offer you – that’s why it’s called the “Representative APR”. The rate you’re offered will depend on factors like your income and credit history.
  • Repayment holidays. A number of lenders give the option to take a “holiday” from repayments. This can give you a couple of months to let the dust settle before you start paying the loan back. The downside is that the debt is still accruing interest during this period, meaning you’ll pay more overall.
  • Quick, personalised online quotes. Whilst pretty much all lenders have an online calculator that gives an idea of how much their loan might theoretically cost you, many can now offer personalised quotes that give you a better idea of how much you’ll be able to borrow, and what rate you’ll receive, without leaving a footprint on your credit history. These are sometimes referred to as “soft searches”, and are likely to be a truer estimate of the cost of a loan as they’re based on information you provide about your particular circumstances.
  • Quick access to funds. Shotgun wedding? Not to worry – the process is usually pretty quick. Once you’ve been approved for a loan you’ll normally receive the funds via your nominated account within a day or so, and sometimes instantly.
  • Overpayments and early repayments. Whether or not you can make overpayments or pay back your loan early might seem like an afterthought when taking out a wedding loan. In fact, favourable terms could save you a packet. A large number of UK lenders, especially the larger banks, tend to charge two months’ interest on any funds repaid early. If a lender is boasting that “there’s no penalty for paying back some or all of your loan early”, then that’s great, but it doesn’t mean that doing so will save you any money. You may even be required to notify the lender in advance that you’d like to overpay.

What is APR?

If you’re comparing any credit-based products, it won’t be long before you’ll come across the Annual Percentage Rate (APR). This figure is designed to provide an annual summary of the cost of a loan. It takes into account both interest and any mandatory charges to be paid (for example an arrangement fee) over the duration of a loan.

All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement, so for consumers it can be a handy tool for comparison.

Bear in mind, however, that lenders are only obliged to award this rate to 51% of those who take out the loan – the other 49% could pay more. That’s why it’s often referred to as the representative APR.

Wedding loan Vs. credit card

There’s more than one way to finance a wedding. A personal loan is a popular option, but some people might simply “put it on plastic”. Is that a crazy choice? Not necessarily, but there’s advantages and disadvantages to both routes, and which of the two is better for you will depend on your individual circumstances. Here are some of the key considerations (this is not an exhaustive list):

  • Amount of credit. A personal loan might give you access to more credit than a credit card.
  • Interest rates. Credit cards typically charge higher rates of interest than personal loans, however, you’ll only pay interest on what you spend. Additionally you could seek out a credit card with an offer for 0% interest on purchases. In this situation, purchases you make using the card can be exempt from interest for a set period. As long as you pay off what you owe within this period then you could avoid paying interest altogether.
  • Repayment flexibility. With a personal loan, you pay a set amount back each month to clear the debt over a pre-arranged period. However with a credit card, you’re only obliged to make a relatively small monthly repayment. If you only make this small payment, then you could end up shouldering the debt for a lot longer. You might even go on to make additional purchases beyond your planned wedding expenses. So if you don’t have the financial discipline, a credit card might not be the answer.
  • Cash transactions. Need cash to pay the band? Well if you withdraw cash on your credit card, there’s likely to be significant costs involved. With a personal loan you simply receive a lump sum to your nominated account.

Ultimately if you plan on making numerous non-cash purchases for the wedding as and when it suits you, then a credit card could work out cheaper, however if you’re not disciplined about repayments, and you think you might be tempted to make additional purchases on the card in future, then you could easily end up paying more overall.

Financial obligations to consider for your wedding

Whether you want your big day to be homemade and intimate, or a luxury extravaganza, you’ll need to consider the cost of the following products and services. It’s important to have a clear budget set out in advance, and a plan for if you exceed this.

  • Engagement party invites
  • Engagement party venue
  • Engagement party food and drinks
  • Hens/bucks party and bridal showers
  • Wedding invites and thank you gifts
  • Wedding dress and accessories
  • Bridesmaids dresses and accessories
  • Groom/groomsmen suits and accessories
  • Flowergirls, ushers and pageboys
  • Wedding location/church and marriage celebrant
  • Reception venue, catering and decorations
  • Photography and videography costs
  • Entertainment considerations
  • Makeup, hair facials for bride and bridal party
  • Transport to and from wedding
  • First night hotel stay
  • Honeymoon

Am I eligible for a wedding loan?

You should only apply for a loan if you’re certain you can meet the repayment terms. Most lenders will then require you to meet additional criteria such as:

  • Be aged 18 or over.
  • Have proof of your current income and employment details (payslips and bank statements).
  • Be able to provide three years of address history.
  • Have not been declared bankrupt in the last 6 years.
  • Have a good credit history.

If your credit history has had a few bumps in the road, then don’t cancel the wedding just yet. There are specialist lenders who focus on loans for bad credit, and who will look at more than just your credit score when considering your application.

Wedding personal loan FAQs

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

Written by

Chris Lilly

Chris Lilly is Head of publishing at He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full profile

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