Compare Wedding Loan Options from 15+ Lenders in 2 Minutes

A wedding loan is a type of installment loan that lets you borrow money from a bank, credit union, or other financial institution that you pay back on a monthly basis over a period of time known as the repayment term. The interest rate on your wedding loan will be based on your credit score and other factors.

Getting a personal loan for a wedding is a quick and easy process compared to other types of loans like mortgages. Most lenders allow you to check your rate and prequalify without any impact on your credit score — you can also check multiple lenders at once with Purefy’s rate comparison tool.

Once you’ve prequalified, you can apply online, which generally takes less than 15 minutes. The lender will run a hard credit check and you may be required to submit some documentation such as a paystub. If your loan is approved, the lender will typically wire the funds directly to your bank account.

All in all, the process can be completed in anywhere from the same day to a few business days, depending on the lender.

The requirements to qualify for a wedding loan vary from lender to lender, but most lenders will look for things like:

• A fair or good credit score – although some lenders have loan options for people with poor credit
• Steady income and employment
• Borrower is 18 years or older
• Borrower is a U.S. Citizen or Permanent Resident with a Social Security Number

In general, it’s best to save up as much money as possible and budget your wedding planning within your means. However, this often isn’t realistic for the average person due to skyrocketing costs, and many wedding expenses require an up-front deposit (or even full payment).

Wedding loans are a good idea if you have good-to-excellent credit, if you can get a lower rate than your credit card APR, and if you can afford the monthly payments.

As long as you make on-time payments each month toward your wedding loan, your credit score will not be hurt and will likely improve over time. After the initial application and hard credit pull, you may see a temporary decrease in your credit score. However, checking rates beforehand with a pre-qualification tool can ensure you’ll only need to undergo one hard credit pull with the lender you choose.

In most cases, you can get approved for a wedding loan the same day you apply. Most of our lenders offer fast approval and funding, so you could receive funds within one business day in some instances. The application process is done entirely online, and the lender may also request supporting documentation to verify your income (like a paystub or a tax return).

You could still qualify for a wedding loan if you have bad credit, but the lowest interest rates are reserved for the most creditworthy applicants. If you have bad credit, your options will likely be limited and it could be more difficult to qualify.

You can use our rate comparison tool to see if you prequalify with our lender network without any impact to your credit score. Our comparison tool includes options for an array of credit profiles, and you’ll receive real rates based on your unique credit profile, with no obligation to proceed.