Wedding loans: say "I do" to your dream day

Wedding loans, sometimes referred to as honeymoon loans, are a type of personal loan specifically designed to cover wedding-related expenses. Like many unsecured personal loans, they tend to come with fixed interest rates and are repaid in predictable monthly installments.

Get the full scoop in our personal loans 101 article.

You can use a wedding loan for most of the various costs associated with your big day, including renting the venue, purchasing attire and food, paying for decorations, photography, and more.

A wedding loan, or honeymoon loan, allows you to schedule everything you’ll need for your big day all at once—without impacting your savings. And with fixed rates and funding in as little as 24 hours*, you can start planning right away, with peace of mind that your loan will be repaid in predictable monthly installments.

Like any other type of loan, the biggest potential con of a wedding loan is taking on debt without a repayment plan in place. Missing or late payments can drop your credit score rapidly and cause you to acquire more debt. Before applying for any financial product, it’s wise to assess your financial situation and determine how much you can borrow safely.

Learn more about the types of personal loans and how to choose one that’s right for you.

If you don’t want to take out a wedding personal loan, the best option for covering the expense may be to save in advance for your big day. Budgeting and cutting expenses can free up additional funds, and you could consider asking loved ones to contribute to your wedding fund as a wedding gift. Some wedding vendors may also offer payment plans, allowing you to finance your celebration on a timeline that fits your budget.

Want more ideas? Take a look at our comprehensive guide to paying for your wedding.

The cost of a wedding depends on many factors, including the location, party size, catering choices, entertainment, and other personal preferences. On average, most couples spend about $30,000 total on their ceremony and reception.

Applying for a wedding loan with Best Egg only takes a few minutes, and if you qualify for wedding financing, you’ll find out your rate instantly. Once approved, money should be in your account within 1-3 business days*.