A wedding is always a joyful and exciting event at the same time. Of course, everyone expects only happy emotions from this important day, which is why it is so important that everything goes as well as possible. Unfortunately, even such a beautiful and bright day as a wedding can be a problem, as it often turns out to be more expensive than you expect.

You may not know, but the average cost of a wedding varies from $ 40,000 to $ 50,000, so not everyone has that amount to cover the costs. So, if you don't have that amount, you can borrow it to celebrate your dream wedding. It is unlikely that your friends and family will be able to lend you this amount, so the best option would be to apply for a personal loan. So you can find several options for the best wedding personal loans to make your most important day the best!

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What is a wedding loan?

As you know, a wedding comes with a lot of expenses that must be covered in order for your most important day to be perfect. Thus, you need about $ 30,000 or more in order to have a good holiday. Thus, a wedding loan is a type of personal loan that helps borrowers cover wedding expenses so that they can get the wedding of their dreams.

This type of loan is unsecured, so you do not need to provide collateral in order to be approved. Thus, you will receive the required loan and will repay it monthly in regular fixed payments until the debt is fully paid off. These are some of the best lenders proving Personal Loans for wedding finance.

LendYou will help you get the cash you need when you need it. You can apply for Payday Loans, Installment Loans or Personal Loans, etc. Compare the lenders and get matched with the best one.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $35000
  • Terms: Varied
  • Rates and fees: Starting at 4.99% APR
  • Turnaround Time: 1 business day
  • $100 - $1000 Payday Loans
  • $1000 - $5000 Installment Loans
  • $5000 - $35000 Personal Loans
  • 18 years of age or older
  • U.S. citizenship
  • Valid checking or savings account with direct deposit
  • Minimum regular income of $1,000 per month
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
Pros
  • High up to $15,000 loan amounts. 
  • Minimal restrictions on how you can use your loan.
  • No collateral or guarantor.
  • Bad credit is OK. 
Cons
  • It's not a direct lender, so you'll need to clarify rates and terms with the company you are matched with. 

 

Check Into Cash offers Payday Loans, Title Loans, Personal Installment Loans and other money products at affordable rates with convenient repayment. 

  • MIN Loan Amount: $50
  • MAX Loan Amount: $3000
  • Terms: Vary by state.
  • Rates and fees: 261% to 782% APR
  • Turnaround Time: 1 business day
  • Payday Loans
  • Online Payday Loans
  • Title Loans
  • Installment Loans
  • Online Installment Loans
  • Line of Credit
  • Flex Loans
  • Other Services
  • Check Cashing
  • Bill Pay
  • Western Union 
  • U.S. Money Card
  • Cell Phone Top-Ups
  • Sell Us Your Gift Cards For Cash
  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
  • 21+ years old (19+ in Alabama)
  • Social Security number (for Indiana residents only)
Pros
  • You can get even as low as $50.
  • Quick funding on the next business day.
  • Money can be used for any personal needs.
Cons
  • Not available in every state.
  • APR can be more than 153.73% depending on your state.
  • High late payment fees.

 

Instant Loans USA will help you get the cash you need when you need it. You can apply for Payday Loans, or Personal Loans online. Choose the best rates and terms and get the same-day financing.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $35000
  • Terms: Varied
  • Rates and fees: Starting at 4.99% APR
  • Turnaround Time: 1 business day
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  • $100 - $1000 Payday Loans
  • $5,000 - $35,000 Personal Loans
  • 18 years of age or older
  • U.S. citizenship
  • Valid checking or savings account with direct deposit
  • Minimum regular income of $1,000 per month
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
Pros
  • High loan amounts up to $35,000. 
  • Minimal basic requirements.
  • No collateral or co-signer.
  • Bad credit is OK. 
Cons
  • High interest rates.

 

Greenlight Cash created an online platform to connect consumers like you with reliable lenders across the country. They partner with a large network of professionals so you get a chance to work with one of them and meet the challenge of improving your financial situation in the most effective way. Once you tap submit, you get one step closer to receiving the funds.

  • Payday Loans
  • Installment Loans
  • Personal Loans
  • be a legal U.S. resident
  • be at least 18 years old
  • have a stable source of income
  • be currently employed
  • have an active bank account
Pros
  • Unrivaled flexibility and accessibility.
  • Predictable monthly payments

  • Quick and simplified borrowing process

  • Any credit is welcome
Cons
  • Not a direct lender.

 

 

 

When should you take out a wedding personal loan?

Of course, a wedding loan is not always a good option, as in some situations a different solution might be needed. For example, if you have almost all the money you need, then it is best to ask friends and family to lend you a small necessary amount to avoid interest rates. However, if you are faced with one of the situations below, then you should apply and receive the necessary money.

So, when does a wedding loan make sense?

  • If you are low on wedding savings, then you should definitely go to a lender to cover the costs of your wedding.
  • If your vendor requires a deposit and you are unable to provide it within the specified time
  • If you've tried to cut down on your wedding expenses but still need funding
  • If you can't get help from friends or family or don't want to
  • If you don't want to spend the money you saved up for an emergency or honeymoon

In any case, if your situation requires funding, then it is worth applying for a loan so that your wedding is the best. After all, a day like this happens once in a lifetime, and you might regret saving on dress or food and upsetting your partner or guests.

How much can I borrow with a personal payday loan?

Some people need a small loan, while others need a large amount to cover all the necessary expenses. Don't worry, as there are funding options for both. Typically, you can find a lender who will offer you wedding loans from $ 1,000 to $ 50,000, so any borrower can find a loan that suits them.

Typically, you can get paid within one business day after signing the contract. This way, you don't have to wait long to get the funding for your dream holiday. It is also worth noting that most lenders do not have a prepayment fee, so you can repay your loan in advance if you have the opportunity.

What are the repayment terms for a personal wedding loan?

The repayment terms, as well as the loan amount, may vary. Thus, the term will be determined depending on how much you want to receive. As a rule, lenders provide loans for 3 to 5 years. Thus, you can choose a convenient loan offer and repay the loan in regular monthly installments until the debt is fully repaid.

How can I use a personal wedding loan?

Many borrowers are wondering if there are any criteria for what a wedding loan can be spent on. As a rule, you can spend it on any wedding needs and preparations. You can pay for venue deposits, vendors, hotel blocks, special event liability insurance, a restaurant, and so on. What's more, you can also use the loan to pay off your wedding rings. Also, a wedding loan can cover your honeymoon and any trip you want to take with your significant other.

Thus, this loan is aimed at ensuring that you can get a holiday and even your dream honeymoon in order to remember this event.

How do I apply for a wedding loan?

In order to apply, you do not need to meet a large number of criteria. However, the first thing you need to do is check the interest rate you can get to make sure you can afford the loan. Thus, all you need to do is go to the lender's website and provide information such as the desired loan amount, type of income, amount of savings and investments, and basic information about yourself. Of course, credit history matters when applying for such a loan. The lender also takes into account your education and job history in order to find out what interest rates you can get. If the interest rate matches your ability to repay the loan, then you should apply and obtain the necessary financing. However, if this is not the offer you are looking for, then you need to find another lender that will meet your expectations.

A wedding loan is a great opportunity to get your dream holiday, but you should pay attention to interest rates and repayment terms before accepting a particular loan offer.