The Ultimate Guide to Wedding Loans
If you are interested in wedding loans to pay for your special day, then look no further than our insightful guide.
Now, you’ve decided to tie the knot and share your life with that special someone. The next step is wedding planning! However, with the average cost of a wedding in the UK said to be between £25,000 to £30,000, it’s little wonder that your big day will likely be one of the most expensive things throughout your lifetime.
Your wedding day is set to be one of the best – and most expensive – days of your life! If you could do with a little extra to fund a day that will yield a wealth of happy memories, a wedding loan from Simple Personal Loans could be the perfect solution.
What is a wedding loan?
A wedding loan is primarily a personal loan that you will be using to fund your wedding day. You will receive an amount of money and then have a repayment plan over a chosen period of time. Personal loans are also unsecured loans, which means you don’t have to risk your car or home as collateral.
With this in mind, a wedding loan could assist you covering some or all of the following costs upfront:
- Wedding dress
- Church or registry office fee
- Venue hire
- Food
- Transport
- Flowers
- Bridesmaids’ dresses
- Entertainment
- Honeymoon
How does a wedding loan work?
The idea behind a wedding loan is to provide a short-term answer for costs which have come about unexpectedly. Or which need to be covered for the day to be a success. Even a well-planned wedding isn’t immune from a last-minute hitch or unavoidable additional cost. In these circumstances, a small wedding loan could be just the thing to ensure the big day proceeds as planned.
Whether you’re planning a big event, an intimate ceremony or considering a wedding abroad… A wedding loan could offer peace of mind and allow you to take care of all the important requirements for the day.
Should we get a wedding loan?
Be sure to discuss carefully with your partner about whether a wedding loan is the right option for you. If you have a set date you want to get married and just can’t save the amount you need quickly enough, then a loan could help you spread out those payments over a longer period.
So, you can add that extra layer to your wedding cake. Even, book an extra week for your honeymoon. Or order that perfect wedding dress without having to worry about the upfront costs.
What are the advantages of wedding loans
Before taking out a wedding loan, you and your partner should review all the facts. It is important to know them so that you are happy with your decision. Luckily for you, we have rounded up some advantages of wedding loans, so that you both can make a decision that benefits your big day!
Eases the stress of saving
Opting for wedding finances gives you the opportunity to really enjoy the whole wedding experience and gives you one less thing to worry about amongst the entire wedding chaos.
Flexible repayment periods
Even if you and your partner both have savings, you still might want a loan to top up the funds that you already have. A popular way to make up this shortfall is to take out a wedding loan, where you can borrow up to £10,000 over 5 years, for example.
Simpler budgeting options
Budgeting is a huge part of wedding planning, and you will need to be financially on the ball to make sure everything goes to plan.
How else can we save for our wedding?
Still undecided and need to know a little more? Weddings can be the most important day in your life. So, it is important to research all the options to ensure that you receive the wedding that you’ve always anticipated. Here are some alternatives:
By all means, it is possible to have a wedding on a minimised budget by making small changes. Such as, getting married on a weekday can drastically cut down your costs. You can ask your family and friends for some money, as every little helps. Most people also picture their wedding in the heart of spring or summer… But there is also a charm to having a winter wedding. Aside from being cheaper, there is also more guest and venue availabilities and you may even receive snowfall on your big day!
Extra information about wedding loans
When it comes to obtaining a wedding loan, many people are reluctant to apply, as they fear being turned down.
At Simple Personal Loans, we are an experienced lender who specialises in providing borrowing for people who aren’t always able to get a loan on the high street or from mainstream providers. If you’ve got a poor credit record, no credit record or other financial characteristics which mean that you’ve got a low credit score or aren’t deemed particularly credit-worthy, we’re here for you.
If you’ve been turned down elsewhere, it’s always worth applying to us if you need a wedding loan – you’ll be surprised how often we say yes!
Finding a responsible lender
Our products and way of working are all regulated by the FCA – proof that we take our responsibilities to our customers seriously. We offer short-term, non-secured borrowing. No guarantor is required. Details of our interest rates and penalties for late or missing repayments are clearly shown on our site. Our aim is always to provide customers with the high-grade information they need. To ensure they make the financial decisions which are right for them.
Applying for your wedding loan?
With same-day wedding loans often available, it’s never been simpler to apply. Just work out how much you need using the loan calculator, submit your online application and wait a short while for our decision. Complete the online paperwork and let SimplePersonalLoans.co.uk pay your wedding loan funds directly into your bank account. Apply now for a fast decision.
By now, I hope that we have answered most of your questions. But if you are wondering about some things, then make sure to contact us and we’ll be more than happy to answer any questions.