If you’re planning a special wedding day and looking for wedding loans in the UK to help cover the costs, we can help. With low interest and quick wedding loans available, we can help even if you have bad credit. We use a credit on demand system to connect you with direct lenders for wedding loans in the UK. Offering between £1,000 up to £25,000 today to help fund your wedding. Click apply now, and we’ll get to work quickly to show you cheap wedding loans that work for you.
Find Cheap Wedding Loans in the UK Today
Financing your big day is one of the key parts to get the wedding you want. Ideally you may have some savings put aside to help you. If you’ve struggled to get all the funds you need, at Personal Loans Now we can look to help with affordable options. Even if you have a poor credit rating, you should be able to find wedding loans for bad credit that meet your budget. It will also help you manage your repayments easily. There are many advantages to applying for wedding loans to help pay for your wedding day, including:
- Wedding loans may help you avoid stacking up debt with multiple different lenders. Such as on credit cards, which carry much higher rates of interest.
- You can receive the funds you need for wedding loans on the same day if approved. This means you can start paying for the various aspects of your wedding immediately.
- The cash injection with quick wedding loans means you can pay for any services relating to your wedding in full. In some cases, you may even be able to request a discount on services as you will be paying in cash.
- The earlier you can get approved for wedding loans, the quicker you’ll be able to pay for services. They may cost much more if left nearer to your wedding date.
- Being able to receive a wedding loan means you’ll be able to budget much more easily for repayments. You’ll be able to spread the cost of the wedding, rather than having to raise the money through other means.
How Much Can I Borrow with Wedding Loans in the UK?
Each of the lenders we connect you with will have their own requirements with wedding loans. You’ll need to meet these requirements to get the wedding loan amount you want. You can apply to borrow between £1,000 up to £25,000 unsecured with a wedding loan. This should give you plenty of room to be able to pay for the wedding you want. If you want to borrow higher amounts than £25,000, you’ll need to apply for a secured loan. Any secured borrowing will involve personal assets being attached to the loan as security.
If you can pay for the wedding of your dreams with an unsecured loan, it will mean no personal assets being used. This could be a much better option for you in the long term. We’re happy to offer wedding loans with repayment terms up to 7 years. This means you’ll have plenty of time to spread the costs. If you want to see how much repayments and interest would be on a wedding loan, you can use our loan calculator. This way, you can work out if you can budget accordingly before applying.
Can I Trust Online Lenders for Wedding Loans?
When applying for a wedding loan through us, you can be assured of your safety and security through us. We use a secure server to ensure your personal details are kept private. We’ll only share your details with the lender you want to apply with. We’re an FCA authorised lender, as are the lenders we connect you with. At Personal Loans Now, we want to ensure your online experience is seamless, and you have peace of mind when using us. There are many online lenders out there that may try to take advantage of a less secure service. We strongly advise that you check before giving any personal details. With an application through us, you can be assured of the safety of your data. Our lenders follow current UK regulations, ensuring that your data is handled in the properly.
Are their Alternatives to Wedding Loans in the UK?
If you are unsure of applying for a wedding loan, then there are various other ways you can fund your perfect day. There are many credit cards out there that will offer you 0% finance over a period. For example, over 12 months, that offers flexibility with credit limits. What you’ll need to be sure of is having a variable rate of interest once the 0% period ends. Credit card interest is typically much higher than with a personal loan.
There are other long term loans available that may also provide you with a great alternative to a wedding loan. Offering long periods to repay, interest rates can be lower than a credit card and repayments are low. You can apply for guarantor loans that provide you with a higher chance of approval if you do have poor credit.
Wedding Loans FAQs
How Much Interest Can Be Charged on a Wedding Loan?
The interest charges on a wedding loan can be low depending on a number of factors. One of the most notable factors is your current credit score. At Personal Loans Now, we charge a fixed rate of 39.7% RAPR (representative annual percentage rate) with wedding loans. This means the interest will stay the same throughout the loan term. Some lenders may charge a variable rate where the interest can go up and down throughout the term. You’ll need to carefully consider your options before continuing with a lender’s application. If you have bad credit, you’ll find that the interest rate may be much higher. This is because the risk to a lender will be much higher.
What Do I Need to be Eligible for Wedding Loans?
To be eligible to apply for a wedding loan through us, you will need to meet the following requirements:
- Aged 18 years or over
- You are a current UK resident
- You have a UK bank account
- You have a regular source of income
If you can meet these conditions, applying for wedding loans is possible. But you will need to remember they do not guarantee you will be approved for the loan you want. You will still need to be subjected to a credit check and your affordability will be assessed.
If I’m in Financial Difficulty, Can I Still Get a Wedding Loan?
If you’re experiencing financial difficulty, you’ll need to carefully consider your options. You’ll need to ensure that a wedding loan is the best option to apply for. You don’t want to overextend yourself more than necessary. You should work out what your disposable income is first before applying. If you have bad credit, you’ll either be declined or the only options for wedding loans will have high interest. Also, the loan amount you can apply for will be capped at £7,500. We recommend seeking independent financial advice if you’re having difficulties. Companies such as from the Money Advice Service, can offer free impartial financial help if you need it.
How Quickly Can I Get a Wedding Loan?
Very quickly, if we have your correct bank account details. An application for a wedding loan will take just 3 minutes to complete. Once you have decided on the lender you want to continue with, a decision will be made in just 90 seconds. If approved, the lender will directly deposit the funds into your bank account on the same day. This is assuming the application is processed during regular working hours (9-5 PM).