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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 |
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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 |
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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 no fees | 7.49% - 25.49% (with autopay) | 24 to 144 months | $5,000 - $100,000 | Not specified |
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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 |
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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 |
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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 |
|---|---|
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 |
|---|---|
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 |
|---|---|
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 |
|---|---|
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 |
|---|---|
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 |
|---|---|
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).
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.