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Start your forever with LoanTube
Your wedding is the most beautiful day of your life – but an unending list of expenses may hamper your wedding buzz. Step into marital bliss with LoanTube – compare real rate loan offers from multiple lenders that match perfectly with your expectations, just like your better half!
Leave the number crunching to us so that you can bring your dream wedding to life without any financial strain.
Check your affordability with our Wedding Loan Calculator.
Choose from a range of wedding loans to cover your expenses smoothly:
It only takes two to make a wedding beautiful – leave the rest on to us.
As per reports, Britons spend about £30,000 to make their wedding day memorable.
While many prefer an intimate affair at the Registrar’s office, costing just £50, many opt for a lavish ceremony with their friends and family.
Thus, how much you spend on your wedding, depends on your preferences.
A wedding loan is essentially an unsecured personal loan that you can borrow to cover your wedding expenses.
Wedding loans enable you to split the cost of your wedding into affordable monthly instalments, giving you additional flexibility and breathing space.
When lenders approve your loan, they usually disburse the funds directly into your bank account, allowing you to pay for your wedding expenses in a lump sum.
You will be expected to repay the loan in fixed monthly instalments within the pre-determined duration during the repayment period.
Keeping up with your loan’s repayments is crucial since a default or repayment failure can severely damage your credit score.
Besides, if you consistently miss repayments, the lender may get a County Court Judgement (CCJ) issued in your name, affecting your financial future.
To determine the amount that you can borrow for your wedding, consider the following factors:
When starting a new chapter with a special someone, it is essential to discuss some crucial aspects of your life.
Share your plan of borrowing a wedding loan with your partner to see how they feel about it, and make a borrowing decision accordingly.
Cover essential as well as overhead costs conveniently with a wedding loan:
When starting your life with a special someone, you promise them honesty.
Start your life as a couple with some honest conversations about money.
While wedding loans make for a reliable and handy solution for your financial woes during a wedding, there are several ways to finance your wedding:
Paying back credit will help you protect your credit score; however, repaying money to your friends and family will help you maintain your long-term relationship with them.
Thus, it is vital to repay the funds you borrow to pay for your wedding.
Consider your personal and financial circumstances when choosing between a personal loan and a credit card to pay for your wedding.
With a good credit score, you can apply for a wide range of personal loans, which may have lower interest rates than credit cards.
Besides traditional banks and credit unions, online lenders also offer personal loans.
A credit card is a better option than a loan; when you’re spending smaller amounts regularly.
Since you can pay smaller payments each month, there is no need to worry about paying interest on large amounts.
So, suppose you’re planning to spend a significant amount on your wedding.
In that case, a wedding loan may be a more favourable option than credit cards.
The concept of wedding insurance is to cover against unprecedented events, such as wedding cancellations, illnesses, venue or supplier failures, or anything else that could go wrong during or just before your wedding.
It is always better to be prepared for the unexpected, especially if you’re a perfectionist, to maintain your peace in the event of an emergency.
Many credit card companies provide couples with the option.
Still, you may have to get wedding insurance separately if you’re using a personal loan for wedding expenses.