Using A Personal Loan To Pay For A Wedding

Weddings can be very expensive these days. Per The Knot’s study, the average American wedding in 2018 costs over $34,000.

Since many couples don’t have that kind of cash on hand, they are turning to personal loans to fund the wedding of their dreams. Planning a wedding can be stressful, but what shouldn’t be stressful is getting matched with a personal loan.

When choosing how to celebrate their nuptials, couples have a lot of decisions to make... Buffet or plated dinner? DJ or band? How many bridesmaids and groomsmen? A lot of these questions are tricky, but one of the most stressful is one that almost every couple encounters: “How are we going to pay for it?”

Only you and your partner will know if taking out a personal loan to pay for a wedding is the right decision. Still, we have some aspects for you to consider so you can make the decision that’s right for your family.

When it comes to getting cash quickly, a personal loan is one of your best options. Getting matched with an offer takes less than 60 seconds! Some lenders will even provide funds as soon as the next business day!  

Compared to credit cards, personal loans often have lower interest rates. It’s important to note that the interest rate you receive might vary greatly on your credit score. It is very important to make sure the costs of your wedding are not untenable for your financial future!

Some loans may have prepayment fees or origination fees — it is important to always read the fine print and ensure you understand the loan terms before agreeing.

Now that we’ve laid out the details of what getting a personal loan for a wedding looks like, you should be ready to decide if it’s the right choice for you. You can always do a free and commitment-free search to get matched with a personal loans today. No matter how you choose to fund your wedding day, best wishes to you on beginning your new chapter!