9 Best Wedding Loans: Compare Financing Options

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Weddings are expensive, averaging between $24,000 and $35,000 for a single day’s worth of fun, dancing, and of course, marriage vows. If you haven’t had the luxury of saving up for years to afford your big day, you may wonder how you could possibly foot the bill.

Some people turn to wedding loans to fund the day of their dreams. Essentially, these are unsecured personal loans that can cover all types of wedding expenses, from the caterer to the reception hall. While taking on debt isn’t the best way to start marriage for every couple, for some, wedding loans provide the perfect mix of affordability and opportunity.

Best Wedding Loans


Top Wedding Loans

Best Overall Wedding Loan
Upgrade Wedding Loans
On Upgrade's Secure Website
  • Est. APR
    5.49% - 35.97%
  • Min. Credit Score
  • Learn More
  • Loan Details

Upgrade’s personal loans blend accessibility and flexibility for its clientele. Borrowers can take out up to $50,000 at once with a 2- to a 7-year term. The lender also caters to a wide range of income levels and credit scores, allowing debt-to-income ratios as high as 75%. They also allow co-applicants to improve your chance of qualifying for a lower interest rate.

That said, borrowers may pay for the privilege with higher APRs and origination fees of up to 8%. That said, there’s no prepayment penalty, and they offer rate discounts up to 20% off for some customers.

>> More: Upgrade Personal Loans Review

Best Wedding Loan for Easy Qualification
Upstart Personal Loans for Wedding Expenses
On Upstart's Secure Website
  • Est. APR
    3.50% - 35.99%
  • Min. Credit Score
  • Learn More
  • Loan Details

Upstart uses artificial intelligence to match borrowers with eligible lending partners. You can borrow up to $50,000 per loan with repayment terms of 3 or 5 years. However, they don’t charge prepayment penalties, so if you can repay your loan faster, more power to you!

Upstart is potentially one of the more affordable lenders on our list, offering a rock-bottom APR of 3.50% at the low end. But you’ll need excellent credit to qualify for that rate. While borrowers with credit scores in the 580-600 range are permitted, they’re more likely to see rates near the high end of 36%.

Additionally, Upstart charges a range of fees to borrowers, including an origination fee of up to 8%. Moreover, this lender doesn’t permit cosigned or secured loans.

>> More: Upstart Personal Loans Review

Best Good Credit Wedding Loans
SoFi Wedding Loans
On SoFi's Secure Website
SoFi Wedding Loans
  • Est. APR
    4.99% - 19.53%
  • Min. Credit Score
  • Learn More
  • Loan Details

SoFi is an online lender that stands out for its large, fixed-rate wedding loans and extended repayment period. Approved borrowers may qualify for relatively low APRs, and there are no fees to increase the cost of your loan. However, some customers report stringent qualification standards, including a higher-than-average minimum credit score.

One of the biggest benefits for SoFi borrowers is the lender’s extensive member perks. SoFi offers free career and finance advice, referral bonuses, and even complimentary estate planning, among others. Plus, if you lose your job while paying off your loan, SoFi offers an unemployment protection program to put your loan into forbearance.

>> More: SoFi Personal Loans Review

Best Wedding Loans for Low Rates
LightStream Wedding Finances
On LightStream's Secure Website
  • Est. APR
    4.29% - 19.99%
  • Min. Credit Score
  • Learn More
  • Loan Details

LightStream is an online division of Truist (formerly SunTrust Bank). This lender offers wedding loans with competitive rates as low as 4.98% and offers a “rate beat” program that pledges to best any competitor’s offer by at least 0.10%.

Borrowers with excellent credit and the income to back it up may receive up to $100,000 in funding. The lender offers repayment terms as long as 7 years and a 0.50% rate discount when you sign up for autopay. Plus, you have the option of a 30-day loan experience guarantee to ensure your satisfaction.

That said, LightStream doesn’t offer a prequalification option. And, like SoFi, LightStream has stricter qualification requirements for all borrowers. ‘

>> More: LightStream Personal Loans Review

Best Overall Wedding Loans
Marcus Wedding Loans
On Marcus's Secure Website
  • Est. APR
    6.74% - 19.74%
  • Min. Credit Score
  • Learn More
  • Loan Details

Marcus by Goldman Sachs offers fairly low interest rates, flexible repayment terms, and reasonable loan minimums and maximums. The lender doesn’t charge fees – including origination, late, or prepayment fees – and offers perks like on-time payment rewards and flexible payment dates.

You can qualify with a soft credit check if you’re in the loan shopping stage. However, note that Marcus prefers borrowers with a good to excellent credit score. And, in contrast to some personal loan providers, Marcus doesn’t permit cosigners or co-applicants, potentially limiting your qualification options.

Best Bad Credit Wedding Loans
OneMain Wedding Loans
On OneMain Financial's Secure Website
OneMain Financial
  • Est. APR
    18% - 35.99%
  • Min. Credit Score
  • Learn More
  • Loan Details

OneMain Financial is a lender that works with borrowers who have lower credit scores – for a price. While the lender doesn’t list a credit score minimum, its APR range is on the higher end compared to other competitors on this list. The lender also charges origination fees that range from 1-10% of the loan amount, or $25 to $500 (depending on your state).

OneMain does offer joint and secured loans, which may allow you to lower your credit score or increase your qualification chances. You can also take advantage of perks like fast funding, payment due date flexibility, and in-person branches in 44 states. And unusually, OneMain offers a seven-day cancellation policy if you need to back out of your loan for any reason.

>> More: OneMain Financial Personal Loans Review

Best Wedding Loans for Bad Credit
Avant Personal Wedding Loans
On Avant's Secure Website
  • Est. APR
    9.95% - 35.99%
  • Min. Credit Score
  • Learn More
  • Loan Details

Avant is an online lender licensed in 42 states that offers unsecured personal loans up to $35,000. Borrowers may also get their funds as quickly as the next day and can manage their loan and autopay options from the user-friendly mobile app. They also offer features like personal loan refinancing and prequalification with no impact to your credit score.

However, Avant does charge an “administration” fee up to 4.75% of the loan’s total value, as well as $25 late fees. Plus, its APRs sit on the higher end, ranging from just under 10% to almost 36%, with loan terms limited to five years or less.

>> More: Avant Personal Loans Review

Best Wedding Loans for Fair Credit
Best Egg Personal Loans for Weddings
On Best Egg's Secure Website
Best Egg
  • Est. APR
    5.99% - 35.99%
  • Min. Credit Score
  • Learn More
  • Loan Details

Best Egg is a popular online lender that offers competitive interest rates – at least at the low end – and loans up to $35,000. (Though you can borrow up to a combined $50,000 across two loans if your account remains in good standing.)

However, Best Egg isn’t readily accessible for borrowers with poor credit. The lender’s APR ranges as high as 36%, with no option to apply with a co-applicant. Plus, applicants need a debt-to-income ratio under 36% to qualify. And with origination fees as high as nearly 7% even for eligible borrowers, you may be able to find better options elsewhere.

>> More: Best Egg Personal Loan Review

Best Peer-to-Peer Wedding Loans
Prosper Wedding Loans
On Prosper 's Secure Website
  • Est. APR
    7.95% - 35.99%
  • Min. Credit Score
  • Learn More
  • Loan Details

Prosper isn’t a traditional wedding loan lender. Rather, it’s a peer-to-peer online community marketplace that offers both investment and lending services. Prospective borrowers can match with investors willing to meet the borrower’s terms. (Prosper notes that the actual lending is completed through WeBank’s services.)

Currently, Prosper offers APRs ranging from 7.95% to 35.99%, which is potentially on the high end if you don’t have perfect credit. The lender also charges a variable origination fee depending on your “letter grade,” which is assigned after conducting a hard credit check.

>> More: Prosper Personal Loan Review

What Is a Wedding Loan?

A wedding loan is simply an unsecured personal loan that you use to pay for wedding costs. Because personal loans can be used for almost anything, they’re ideal for paying wedding deposits, your photographer, the caterer, and even buying your wedding party’s outfits. If need be, you can even use a wedding loan to pay for your honeymoon.

Aside from how you use them, wedding loans are like any other loans. You can usually apply online and receive approval in minutes to under a day. Loan amounts range from $1,000 to $100,000, assuming your income and credit history are high enough to see you approved.

And, just like a traditional personal loan, you’ll have to meet the lender’s qualification requirements, pay interest, and repay your debt in fixed monthly payments.

Do Wedding Loans Exist?

Technically, a wedding loan is just a personal loan that you use for wedding costs. But some lenders do market “wedding loans” intended for wedding-related costs. That said, there’s no need to purchase a specialized loan just because of the name – especially if you can find better terms elsewhere.

Wedding Loan Pros and Cons


  • Many permit soft credit checks to make rate shopping easy
  • Most offer lower interest rates than credit cards
  • Repayment terms may range from 2-7 years
  • Tons of lender options
  • Some offer same- or next-day funding


  • Taking on debt may not be the best way to begin your marriage
  • Interest rates can be high, especially for poor credit borrowers
  • Lenders may approve more than you need, leading you to spend more than you intend
  • You’ll have to repay the loan after the wedding
  • Some wedding loan lenders employ potentially predatory practices

What Credit Score Do You Need for a Wedding Loan?

Credit score requirements vary widely based on your state and the lender. Some lenders permit credit scores in the mid-to-upper 500s, though you’ll likely pay a higher interest rate or extra fees for the privilege. Others restrict lending to borrowers with good or excellent credit scores, narrowing the borrowing pool in exchange for (usually) handing out lower interest rates.

>> More: Compare the Best Personal Loans

What Is the Cost of a Wedding Loan?

A wedding loan costs as much as the loan itself – anywhere from $1,000 to $100,000 – plus interest and fees. Based on your credit score, the amount you borrow, and your repayment term, you can potentially pay tens of thousands more than your wedding actually costs.

How to Qualify for a Wedding Loan

Typically, borrowers with high credit and strong credit histories have the best chance of getting approved for a wedding loan. But even borrowers with subpar credit can get approved (for a price, of course).

If you’re concerned about your approval odds, you can take steps to increase your chances or lower your interest rate, such as:

  • Checking your credit report and taking steps to improve your credit
  • Adding a co-signer or co-borrower to your application
  • Rate shop by prequalifying with multiple lenders to find the best option

How to Compare the Best Wedding Loans

#1. Associated Fees

Not all loans come with additional fees, but many do. When you’re shopping around, watch out for added costs like origination or administration fees, late fees, prepayment penalties, or other costs that increase the price of your loan.

#2. Qualification Requirements

Different lenders may set varying qualification requirements. Typically, you can expect a lender to check your credit score, income and employment, and debt-to-income ratio. If you have a co-applicant or co-borrower with you, they’ll be subjected to the same scrutiny.

While not all lenders turn away applicants with less-than-stellar applicants, bear in mind that more lenient requirements often come at a very real price.

#3. Online Experience

Many lenders operate primarily or solely online these days. If you’re not going into a branch to apply, close your loan, and make your payments, be sure that the online experience is pleasant. It may be worth scrolling around the website or mobile app to check for ease of use, buggy features, or an outdated experience.

#4. Funding Times

Some lenders boast same- or next-day funding on their wedding loans, while a few may take a week or more to put the money in your hands. If you’re planning way ahead of time, longer funding times may not be a problem. But if you need the money now to replace a ruined gown or pay off the photographer you forgot about, time may not be a luxury you have.

#5. Rates and Terms

Rates and terms are two of the most important factors of your wedding loan, as they determine your monthly payment and the total cost of your wedding loan.

Typically, longer terms come with lower payments, but since you’ll pay interest for longer, the total cost of your loan comes up. But if you have a shower term, you’ll have to dedicate more of your monthly income toward your debts.

And when it comes to interest rates, the higher your APR, the more you’ll pay on your loan – regardless of the term.

Are there Any Alternatives to Wedding Loans?

0% APR Credit Cards

If you need to finance your wedding but don’t want to pay through the nose for the privilege, a 0% APR credit card can give you the best of both worlds. Many cards offer no interest on purchases for 6-18 months after opening a new account, which may give you enough time to make a sizable dent in your debt.

Borrow Money from a Friend or Family

You should never mix business with pleasure – unless it comes to your wedding. (Isn’t that how the saying goes?)

At any rate, your friends or family members may be willing to lend you some cash to cover the costs of your wedding, so you don’t have to take out a traditional loan or credit card. Some may even be willing to gift you the funds as an early wedding present if you ask nicely!

Personal Savings

Of course, the best way to finance your wedding – if you can afford to – is by yourself. If you know the big day is coming or even just hope to get married someday, it’s worth setting up a savings account now. The less you have to finance later, the more money you’ll keep in your own pocket.

Are Wedding Loans a Smart Financial Move?

Typically, it’s best not to take on debt unless you’re leveraging it into a better financial position. (For instance, taking out a mortgage to build equity in a home or an auto loan to buy a car.)

But if you can easily afford the payments and can’t wait to get married, or just run into a few unexpected expenses, that’s what wedding loans are there for! Just be sure to shop around for the lowest rates – and don’t accept the first loan you’re offered on its face.

Can You Get a Wedding Loan with Bad Credit?

It’s possible to get a wedding loan with bad credit. However, you may pay much higher interest rates or require a co-signer to qualify.

>> More: Best Bad Credit Loans

Summary: Best Wedding Loans

Bottom Line: Best Wedding Loans

Taking on thousands of dollars in debt to finance your wedding day doesn’t always make sense – but then, neither does love. If a wedding loan is the best way to have the day of your dreams, then take time to shop around and get the best rates.

But if you can stand to wait and save up for a few more months or years, paying for your wedding out of pocket can save you a lot of money in the long run.


To assess and rate the best wedding loans, we reviewed 25+ personal loan lenders. We evaluated the lenders online experience, reputation, eligibility requirements, loan amounts and terms, fees, rates, and security. Read our strict editorial guidelines and personal loan rating methodology to learn more about the review process.

Jordan Blansit
Jordan Blansit

Jordan Blansit is a Senior Writer, Researcher, & Product Analyst for SimpleMoneyLyfe with an inexplicable predilection for mortgages, investing, and personal finance. When she’s not click-clacketing from the comfort of her living room, you can find her in the California Redwoods or Oregon Siskiyous. Jordan’s areas of expertise are mortgages, personal loans, credit cards, and investing.