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Lender | User ratings | Best for… | APR range | Loan terms | Loan amounts | Minimum credit score |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Wedding loans with co-applicants | 8.99% - 35.99% | 24 to 60 months | $5,000 - $50,000 | 620 | |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Wedding loans for good credit | 7.99% - 24.99% | 36 to 84 months | $5,000 - $40,000 | 720 | |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Wedding loans with no fees | 7.49% - 25.49% (with autopay) | 24 to 144 months | $5,000 - $100,000 | Not specified | |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Wedding loans for fair credit | 6.99% - 35.99% | 24 to 60 months | $2,000 - $50,000 | 560 | |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Large wedding loans | 8.99% - 25.81% (with autopay) | 24 to 84 months | $5,000 - $100,000 | 680 | |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Wedding loans for bad credit | 6.40% - 35.99% | 36 and 60 months | $1,000 - $50,000 | 300 |
APR range | 8.99% - 35.99% |
Loan amounts | $5,000 - $50,000 |
Loan terms | 24 to 60 months |
Origination fee | 1.99% - 6.99% |
Minimum credit score | 620 |
Pros | Cons |
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Interest rate discount for co-borrower loans Allows for co-borrowers Competitive APRs | Charges an origination fee Can take up to three business days to receive funds High minimum loan amount |
If you decide to take out a co-borrower loan with a loved one, Achieve may offer you an interest rate discount. Adding a co-borrower to your wedding loan can make it easier to qualify for a loan and lower interest rates.
Take into account that Achieve charges an origination fee and funding your loan can take up to three business days. Further, if you’re looking for a small loan, you may need to look elsewhere. To learn more, read our full Achieve personal loan review.
To get an Achieve wedding loan, you’ll need to meet the lender’s following requirements:
APR range | 7.99% - 24.99% |
Loan amounts | $5,000 - $40,000 |
Loan terms | 36 to 84 months |
Origination fee | None |
Minimum credit score | 720 |
Pros | Cons |
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Doesn’t charge an origination fee Offers long loan terms Offers access to free FICO Score | Doesn’t offer terms under 36 months Bad-credit borrowers may not qualify No option for joint loans |
If you have good credit, you may qualify for a Discover wedding loan. Discover offers long loan terms — ranging from 36 to 84 months — as well as access to your FICO Score as a free credit monitoring service.
Unfortunately, Discover doesn’t offer joint loans or repayment terms under 36 months. Plus, if you have bad credit, you may not qualify for a wedding loan with Discover. To learn more, read our full Discover personal loan review.
APR range | 7.49% - 25.49% (with autopay) |
Loan amounts | $5,000 - $100,000 |
Loan terms | 24 to 144 months |
Origination fee | None |
Minimum credit score | Not specified |
Pros | Cons |
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Doesn’t charge any fees Offers same-day funding Offers long repayment terms (24 to 144 months) | Doesn’t offer preapprovals Bad- or fair-credit borrowers won’t qualify High minimum loan amounts |
Unlike many lenders, LightStream doesn’t charge its borrowers any fees, whether that’s origination or late fees. You can also receive your LightStream wedding loan the same day you apply.
However, LightStream only offers loans to consumers with good or excellent credit, and it also doesn’t preapprove consumers for wedding loans. To learn more, read our full LightStream personal loan review.
APR range | 6.99% - 35.99% |
Loan amounts | $2,000 - $50,000 |
Loan terms | 24 to 60 months |
Origination fee | 1.00% - 7.99% |
Minimum credit score | 560 |
Pros | Cons |
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Offers flexible loan amounts Fair-credit borrowers may qualify Allows for co-applicants | Charges origination fees High maximum APR Bad-credit borrowers may not qualify |
If you have fair credit, you may qualify for a Prosper wedding loan. Prosper offers flexible loan amounts — $2,000 to $50,000 — and also allows you to apply with a second person. Once you close on your loan, you may receive your funds within one business day.
On the other hand, Prosper charges a 1.00% - 7.99% origination fee, which is taken out of your borrowed amount. And if you have bad credit, you may not qualify for a Prosper wedding loan at all. To learn more, read our full Prosper personal loan review.
Prosper applicants will need the following qualifications to get a loan:
APR range | 8.99% to 25.81% (with autopay) |
Loan amounts | $5,000 - $100,000 |
Loan terms | 24 to 84 months |
Origination fee | 0.00% - 6.00% |
Minimum credit score | 680 |
Pros | Cons |
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Offers loans up to $100,000 Provides autopay discount Origination fee is optional Same-day funding available | High minimum loan amount Origination fee required for lower rates Bad-credit borrowers may not qualify |
SoFi offers its customers large wedding loans — up to $100,000. Borrowers can also sign up for autopay and receive a discount. SoFi may provide your funds the same day your loan is approved.
To qualify for lower rates, you may have to accept an origination fee, though it’s not required. To learn more, read our full SoFi personal loan review.
SoFi requires the following criteria for you to qualify for a wedding loan:
APR range | 6.40% - 35.99% |
Loan amounts | $1,000 - $50,000 |
Loan terms | 36 and 60 months |
Origination fee | 0.00% - 12.00% |
Minimum credit score | 300 |
Pros | Cons |
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Bad-credit borrowers may qualify Competitive APRs Loan funding within one business day | Charges a high origination fee Limited repayment terms No option for co-borrowers or cosigners |
If you have a bad credit score, you may qualify for an Upstart wedding loan. Upstart considers more than just your credit score: It also looks at your education and employment. After you close on your loan, you may receive funds within one business day.
Keep in mind that Upstart doesn’t allow for co-borrowers or cosigners, and only offers two options for repayment terms. Upstart wedding loans may also come with a high origination fee. To learn more, read our full Upstart personal loan review.
Upstart evaluates its wedding loan requirements using artificial intelligence. While it does have credit score requirements, it also evaluates the applicant’s education and employment.
You’ll also need to meet the following criteria:
A wedding loan is a type of personal loan that you’ll receive in a lump sum and repay in fixed installments. Wedding loans have fixed annual percentage rates (APRs) and predetermined repayment terms. This way, your interest rate will never change and you’ll know exactly when your loan will be finished.
Among the many ways they can be used, wedding loans can cover the cost of expenses such as an event planner, venue and rings. Wedding loans can also be unsecured or secured personal loans. Most are unsecured, but some lenders offer secured loans, meaning you’ll provide collateral such as a savings account or vehicle.
Just as you can get a loan for a wedding, you can also take out honeymoon loans or borrow money for other aspects of getting married (like engagement ring financing).
After you’re approved by your lender and close on your wedding loan, your lender will deposit your funds into your bank account. You’ll receive the entire lump sum upfront. After you receive the loan, you’ll start making monthly payments on it.
Some lenders may charge an origination fee, which comes out of your total borrowed amount. As a result, you’ll have to take this into account with your budget.
Unlike credit cards, personal loans used for a wedding come with fixed interest rates and specific terms for repaying the loan. A short-term personal loan can come with higher monthly payments and lower interest rates. If you stretch your repayment into a long-term personal loan, you may have lower monthly payments but higher interest rates. Ultimately, though, your monthly payments and interest rates are determined by a number of factors, like how much you borrow and your credit score.
Each lender will have its own unique application and requirements you’ll have to meet. Generally, however, you’ll need to take the following steps:
Getting a loan with bad credit may be difficult on your own. You may have to explore personal loans for bad credit or take some time to improve your credit score. While this may slow your wedding planning down, this can make it easier to qualify for better APRs.
If you don’t have the time to work on your credit score, you can ask your significant other, a family member or a friend to help you get a cosigner loan. This type of loan can lower your risk in the eyes of lenders, since there’s two people who’ll be responsible for repayment, as opposed to just one. You can also explore secured loans, which will require you to provide collateral.
A wedding loan can help you afford to finance your big day, but it’s not without its drawbacks. Consider these pros and cons before you sign with a lender to pay for a wedding.
Pros | Cons |
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May help build credit as long as the lender reports to the credit bureaus May qualify for lower interest rates than with a credit card Repayment terms let you know exactly when you’ll be done with your loan | If you have fair or bad credit, you may get stuck with high interest rates that could make it difficult to pay off May not be wise to start your marriage by taking on debt for your wedding day Late or missed payments could negatively impact your credit score |
Whether it’s because of your credit score or financial situation, loans aren’t always a good option for covering the cost of a wedding. If this is the case for you, consider these other options:
We reviewed more than 28 lenders that offer wedding loans to determine the overall best six lenders. To make our list, lenders must offer competitive annual percentage rates (APRs). From there, we prioritize lenders based on the following factors:
LendingTree reviews and fact-checks our top lender picks on a monthly basis.
According to the latest data from The Knot Real Wedding Study, the average wedding cost for a ceremony and reception in 2022 was $30,000. The most expensive items were typically the venue, photographer and florist.
Yes, people apply for personal loans to cover wedding expenses and honeymoons. Some common ways people use wedding loans is to finance their rings, venue and travel plans.
Whether a wedding loan is a good idea depends on your financial position and credit score. If your budget is tight and you have a low credit score, you may face more risks taking out a personal loan.