Best Wedding Loans in 2025
From rings to dresses to catering, a wedding loan can help you pay for your big day.
Best personal loan lenders for weddings
| Lender | User rating | Best for | APR | Term | Amount | |
|---|---|---|---|---|---|---|
|
Wedding loans for good credit | 7.99% – 24.99% | 36 to 84 months |
$2.5k – $40k |
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Wedding loans with no fees | 8.99% – 25.29% | 24 to 84 months |
$5k – $100k |
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Wedding loans for bad credit | 7.23% – 24.00% (Test) | 12 to 84 months | Up to $125M |
Best loans for weddings at a glance
Best for: Wedding loans for good credit – Discover
The APR ranges from 7.99% to 24.99% APR based on creditworthiness at time of application. Loans up to $35,000. Fast & Easy Process. Terms are 36 to 84 months. No prepayment penalty. This is not a firm offer of credit. Any results displayed are estimates and we do not guarantee the applicability or accuracy to your specific circumstance. For example, for a $15,000 loan with an APR of 10.99% and 60 month term, the estimated monthly payment would be $326. The estimated total cost of the loan in this example would be $19,560.
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- Competitive rates
- No origination fees
- Three financial assistance options if you need help during repayment
- Won’t qualify with bad credit
- Can’t include a second person on your loan
Discover offers online personal loans with low rates and unique perks. If you get laid off or have health issues or another hardship, Discover has three assistance options to get you on track. You could delay your past due balance, temporarily reduce your monthly payments or permanently extend your loan term.
However, Discover can be hard to qualify for. It requires strong credit () and has a relatively high annual income requirement ($40,000).
Read our full Discover personal loan review.
You’ll need to meet these eligibility criteria to get a Discover loan:
- Age: Be at least 18
- Citizenship: Have a Social Security number
- Administrative: Have a physical address, email address and internet access
- Income: Minimum income of $40,000 (individually or as a household)
- Credit score:
Best for: Wedding loans with no fees – LightStream
- Doesn’t charge any fees whatsoever
- Will beat a competitor’s offer with Rate Beat program (stipulations apply)
- If LightStream approves you by 2:30 p.m. EST on a business day, can get your loan the same day you apply
- Can’t check rates without hurting your credit
- Other lenders offer lower starting rates
- No small loans
Even if you pay late, LightStream won’t charge you a fee (although missed payments affect your credit score). And if you get a better offer from a competitor, LightStream may beat it by 0.10 percentage points through its Rate Beat program.
Unlike many lenders, LightStream doesn’t let you prequalify for a personal loan. In other words, you must go through the full application process and agree to a hard credit inquiry to see if you’re eligible.
Read our full LightStream personal loan review.
LightStream doesn’t specify its exact credit score requirements, but you must have good to excellent credit to qualify. Most of the applicants that LightStream approves have the following in common:
- At least five years of on-time payments under a variety of accounts (credit cards, auto loans, etc.)
- Stable income and the ability to handle paying their current debt obligations
- Savings, whether in a bank account, an investment account or a retirement account
You must also have a valid Visa or Mastercard credit card to accept your loan, but only for verification purposes. LightStream will not charge your card.
Best for: Wedding loans for bad credit – Upstart
The full range of available rates varies by state. A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 21.58% and a 9.84% origination fee of $984, for an APR of 26.82%. In this example, the borrower will receive $9016 and will make 60 monthly payments of $275. APR is calculated based on 5-year rates offered in December 2023. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
QA Test
- Can still qualify with a credit score as low as
- Some college students and grads don’t need a credit score at all
- Can borrow as little as Not specified
- Might be on the hook for an expensive origination fee
- Can’t add a second person to your loan
- Only two repayment terms available
Upstart is a loan marketplace that connects borrowers to lenders. It considers factors like your education and employment alongside your credit score. This helps it approve people who other lenders deny.
But if you qualify for a bad credit loan with Upstart , don’t expect it to be cheap. Not only does it charge some borrowers a high origination fee, but you also could pay an annual percentage rate (APR) as high as 24.00%. You also can’t add a co-borrower (a common strategy to get a lower rate).
Upstart has transparent eligibility requirements, including:
- Age: Be 18 or older
- Administrative: Have a U.S. address, personal banking account, email address and Social Security number
- Income: Have a valid source of income, including a job, job offer or another regular income source
- Credit-related factors: No bankruptcies within the last three years, reasonable number of recent inquiries on your credit report and no current delinquencies
- Credit score: + (unless you’re an eligible college student or graduate, in which case Upstart could approve you with no credit)
What is a wedding loan?
A wedding loan is an unsecured personal loan that you use toward wedding expenses. Unsecured loans don’t require collateral. Collateral is a valuable piece of property you’ll lose if you don’t repay what you borrow.
Personal loans come as a lump sum and have fixed interest rates. That means your rate will stay the same as you pay back what you borrowed. Also, if you have very good credit (740+), wedding loans typically have lower rates than credit cards.
You can use a personal loan to pay for nearly anything wedding related, including engagement ring financing, wedding dresses and venue rentals.
Wedding loan pros and cons
Taking out a wedding loan and starting your married life with debt isn’t an easy decision. Your wedding is important, but ultimately, it’s a one-time event. Ask yourself if years of debt is worth it, and if it is, borrow wisely.
Pros
-
Lower rates for excellent credit
Wedding loans usually have lower rates than credit cards if you have solid credit. -
Easier budgeting
Loan repayments are the same each month, and a lump sum could help you avoid overspending. -
Can improve your credit
Making on-time payments can help boost your credit score (especially if you don’t have any other installment loans).
Cons
-
Debt
It might not be the best idea to start your marriage by taking on a lot of debt. -
High rates for bad credit
If you have a credit score below 670, you could see a rate of 35.99% (or higher). -
No financial returns
Unlike taking out a mortgage for a house (which could appreciate in value), your wedding won’t help build your investment portfolio.
How much does a wedding loan cost?
The average wedding cost in 2023 was $35,000. With this in mind, we used internal LendingTree data to calculate the average monthly payments on wedding loans of different amounts, each with a five-year term.
Note that if your score is less than 680, lenders probably won’t approve you for a loan as big as the ones below.
| Credit score range | $5,000 wedding loan payments | $8,750 wedding loan payments | $17,500 wedding loan payments | $35,000 wedding loan payments |
|---|---|---|---|---|
| 720+ | $125.42 | $219.49 | $438.98 | $877.95 |
| 680-719 | $163.77 | $286.60 | $573.19 | $1,146.38 |
| 660-679 | $209.74 | $367.05 | $734.10 | $1,468.20 |
| 640-659 | $257.67 | $450.92 | $901.84 | $1,803.68 |
| 620-639 | $321.64 | $562.88 | $1,125.75 | $2,251.51 |
| 580-619 | $492.01 | $861.01 | $1,722.02 | $3,444.05 |
| 560-579 | $668.28 | $1,169.49 | $2,338.97 | $4,677.95 |
| Less than 560 | $796.74 | $1,394.29 | $2,788.58 | $5,577.16 |
Should you get a wedding loan for bad credit?
As you can see in the table above, wedding loans can get expensive (and quick). Borrow as little as possible and if you have fair to bad credit, improve your credit score before applying.
To get a lower interest rate, you could get a joint loan.
A joint loan is a loan with two borrowers — yourself and a friend or family member. Your co-borrower acts as a sort of backup for the lender. They are as responsible for the loan as you are. Joint loans are easier to qualify for than single-person loans.
Depending on the lender, you might be able to get a secured loan.
A secured personal loan requires collateral, usually your car or savings account. If you don’t pay back your loan, the lender can seize your collateral. Secured loans are risky. Ask yourself if your wedding is worth putting something so valuable on the line.
Before you tie the knot, figure out how you both will manage your finances together. Money problems are a leading cause of divorce, so having a plan now can save you heartbreak later.
How to find a wedding loan through LendingTree
1. Check your credit score
Get your credit score for free with Get your credit score for free with LendingTree Spring. Knowing where you stand before you shop can help you figure out if your loan offers are competitive.
2. Get free offers
With just one form, you can get multiple offers by using LendingTree’s personal loan marketplace. We’ve got the nation’s largest network of lenders, our service is free and checking rates won’t impact your credit score.
3. Compare and save
After you finish your form, we’ll show you what lenders you could qualify for. Comparing loans is like shopping for any other big-ticket item. You have to know what’s out there before you can find the best deal. If you find a loan you like, we can help you take the next steps.
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Alternatives to wedding loans
Save up and scale down
How much you spend on your wedding doesn’t reflect how much you love your partner. Focus on ways you can save money on your wedding. Instead of spending thousands renting a hall, a backyard barbeque might be more reasonable (but just as memorable).
0% APR credit card
A 0% APR credit comes with an introductory period that usually lasts between six and 21 months. During this time, you will have 0% interest. Still, be sure to pay your balance in full before your intro period ends. If you don’t, interest will start to accrue on what you owe.
Buy now, pay later
Buy now, pay later might be a good choice for smaller wedding purchases like linens, shoes and accessories. These apps let you split up retail purchases. You’ll likely have a few payment plans to choose from, but the most common is four interest-free payments split over six weeks.
Frequently asked questions
Yes, some people take out a personal loan for their wedding (also known as a wedding loan). Wedding loans come as a lump sum that you’ll pay off in equal monthly payments, plus interest.
If you have at least good credit and are planning on using a credit card to pay for some parts of your wedding, a wedding loan might save you money. Wedding loans usually carry lower interest rates than credit cards, as long as you have strong credit.
However, wedding loans have high rates if you have bad credit. It might be worth waiting until you improve your credit before borrowing. And regardless of your score, consider whether you want to take on debt as you start your new life with your spouse.
Upstart offers loans to people with scores as low as . But just because you qualify for a wedding loan for bad credit doesn’t mean it’s a good idea. Use a personal loan calculator to see how much your loan will cost you in total, including interest.
Our methodology
We reviewed more than 30 lenders to determine the overall best six wedding loans. To make our list, lenders must offer wedding loans with competitive APRs. From there, we prioritize lenders based on the following factors:
Accessibility. Lenders are ranked higher if their personal loans are available to more people and require fewer conditions. This may include lower credit requirements, wider geographic availability, faster funding and easier and more transparent prequalification and application processes.
Rates and terms. We prioritize lenders with more competitive fixed rates, fewer fees and greater options for repayment terms, loan amounts and APR discounts.
Repayment experience. For starters, we consider each lender’s reputation and business practices. We also favor lenders that report to all major credit bureaus, offer reliable customer service and provide any unique perks to customers, like free wealth coaching.
According to our standardized rating system, the best wedding loans come from Achieve, Discover, LightStream, Prosper, SoFi and Upstart.