Top of the page

Wedding Loans

Author: Harry Jones And Facted Checked by : Shanie Capper
Last updated on : 21 August 2023

Wedding Loans UK: Financing Your Special Day

When planning a wedding, costs can quickly escalate, and you may find yourself needing extra funding to cover everything. Wedding loans in the UK are personal loans specifically used to cover wedding expenses, helping couples finance their special day without financially overstretching themselves.

What Are Wedding Loans?

A wedding loan is essentially a type of personal loan. Instead of saving for years to afford a wedding, a couple might choose to borrow money and pay off the loan in monthly installments over a set period. This allows for more immediate access to funds, enabling you to plan and execute your wedding in your desired timeframe.

Wedding loans can cover various aspects of the occasion, including venue hire, catering, wedding attire, honeymoon costs, and any other associated expenses. The amount you can borrow varies from lender to lender, with some offering loans up to £25,000 or more.

Quote A wedding loan is essentially a type of personal loan

Advantages and Disadvantages of Same Day Wedding Loans

While wedding loans provide immediate access to funds, it’s crucial to consider the advantages and disadvantages. A key advantage is the ability to spread the cost of your wedding over several months or years. This prevents you from depleting your savings and enables you to maintain a steady cash flow.

However, wedding loans come with interest, meaning you will pay more than the original amount borrowed in the long run. Also, your credit score can significantly influence the interest rate you’re offered. Those with a better credit score typically receive lower rates.

It’s essential to consider all your options when looking to finance your wedding. Depending on your needs and circumstances, you may find other options more suitable, such as saving up for the wedding, borrowing from family or friends, or even considering same day loans for smaller, immediate costs.

Companies Offering Quick Wedding Loans in the UK

Here is a list of companies that provide wedding loans in the UK:

  1. My Quick Loan: Whilst we are not a specialist in quick wedding loans, My Quick Loan offers quick loans up to £5,000. These loans can be used for various purposes, including funding smaller wedding costs or covering last-minute expenses. The application process is quick and easy, with the potential for funds to be in your bank account the same day if approved. Please note, the rates will be higher compared to a personal loan lender.
  2. Barclays: Barclays offer loans for weddings at 9.9 APR Representative (August 2023) and you can borrow £7,500 to £15,000.
  3. Zopa: Zopa provides wedding loans from £1,000 to £25,000, offering competitive interest rates particularly for applicants with good credit scores.
  4. Money Super Market: Compare the best wedding loans with MSM.
  5. Lloyds Bank: Lloyds Bank offers personal loans up to £50,000, with the possibility to apply online, over the phone or in a branch.

Remember, it’s crucial to compare interest rates, terms and conditions, and repayment periods before deciding on a lender. Always check that the lender is authorised and regulated by the Financial Conduct Authority.

FAQs About Wedding Loans in the UK

How Do Wedding Loans Work?

Wedding loans work like any other personal loan. You borrow a certain amount from a lender and agree to repay the loan, plus interest, in monthly installments over a set period.

How Much Can I Borrow with a Wedding Loan?

The amount you can borrow with a wedding loan depends on the lender, your credit score, and your ability to repay the loan. Most lenders offer wedding loans from £1,000 to £25,000, with some offering up to £50,000.

What Are the Interest Rates for Wedding Loans?

Interest rates for wedding loans vary based on several factors, including your credit score, loan amount, and the loan term. Here at My Quick Loan our APR is 79% (August 2023)

Can I Use a Wedding Loan for Any Wedding Expense?

Yes, a wedding loan can be used for any wedding-related expenses, from venue and catering costs to attire and honeymoon expenses.

How Long Do I Have to Repay a Wedding Loan?

Repayment periods for wedding loans vary by lender and can range from 3 months to 7 years. Keep in mind that while a longer repayment period may mean lower monthly payments, you’ll likely end up paying more in interest over the long term.

Can I Get a Wedding Loan with Bad Credit?

While it may be more challenging, it’s not impossible to get a wedding loan with bad credit. Some lenders specialise in providing quick bad credit loans to individuals with poor credit histories. However, the interest rates may be higher. It’s crucial to ensure you can afford the monthly repayments before taking out a loan.

Can I Pay Off a Wedding Loan Early?

Many lenders allow early repayments, but it’s important to check the terms and conditions of your loan agreement. Some lenders may charge an early repayment fee, while others may allow partial or full early repayments without any penalties.

Can I Take Out More Than One Wedding Loan?

Yes, it is possible to take out more than one wedding loan, but this should be approached with caution. Taking on multiple loans can put significant financial stress on you, and having multiple loans can impact your credit score negatively. Lenders will consider your total amount of debt and how well you’re managing it when you apply for a new loan.

Are There Alternatives to Wedding Loans?

Yes, there are several alternatives to wedding loans. Credit cards, savings, family contributions, and cutting back on wedding expenses are all possible alternatives. It’s also worth considering a 0% purchase credit card, which allows interest-free spending for a set period.

What Happens If I Can’t Repay the Wedding Loan?

If you are unable to repay your wedding loan, it could have serious consequences. Your credit score could be negatively affected, which could impact your ability to borrow money in the future. The lender could also take legal action to recover the debt. If you’re struggling to repay your loan, it’s important to contact your lender as soon as possible to discuss your options.

My Quick Loan and Instant Wedding Loans

Quick wedding loans

My Quick Loan specialises in offering quick loans in the UK, providing you with a seamless and straightforward process to get the cash you need quickly. Our instant loans can range from £100 to £5000, and they are perfect for covering small-scale wedding costs. Whether you need to book a photographer, secure your dream venue, or buy the perfect dress, we might be the right choice for you.

It’s important to note, however, that while a quick loan from My Quick Loan could be an excellent solution for certain wedding-related expenses, it may not cover the full cost of your dream wedding, considering the average cost of a wedding in the UK often exceeds our maximum loan limit. Additionally, the APR for our quick loans might be higher compared to other personal loans specifically labelled as “wedding loans.” Therefore, it’s essential to evaluate your options carefully and choose the best fit for your financial situation.

As with any loan, ensure that the repayments are within your budget before you borrow money. We encourage responsible borrowing and urge our customers to reach out to our team for any queries or clarifications. Your financial health and satisfaction are our top priorities.

Whether you’re considering a wedding loan or are looking for quick ways to finance some aspects of your big day, we hope this information has been helpful. If you have more questions about our quick loans, don’t hesitate to reach out to us at My Quick Loan. We’re here to help you navigate your financial journey and make your dream wedding a reality.


Warning: Late repayment of payday loans can cause you serious money problems. For help, go to