Wedding Loans

We offer competitive wedding loan rates from just 6.7% APR Representative on loans between £7,500 and £25,000.

While the majority of our customers are given the advertised rate, the APR you're offered may vary depending on your credit history, personal and financial circumstances, the amount you wish to borrow and how long you want to borrow for. 

It’s a good idea to have a clear budget in mind to ensure you’re only borrowing the money you need. This will help you to decide whether the monthly repayments, including interest charges, will fit into your monthly budget. You don’t want to start married life worrying about your finances, so always make sure loan repayments are affordable for you before applying.

• Once you’ve successfully applied for a loan, the money is yours to spend as you please. From the venue to the honeymoon, you can make your dreams a reality
• Spread the cost of significant purchases, from your wedding dress to your centrepieces – this could help you to enjoy your big day much sooner as you won't need to pay for it all upfront
• No need to save up for deposits, either. Borrow the amount you need to buy almost any element of your wedding in full
• Access levels of luxury that might not otherwise be affordable. Buy your dream dress, choose show-stopping entertainment or add spectacular finishing touches
• Top up your funds along the way. Unexpected expenses or elements of your dream day that are just out of reach might fit within your monthly budget if you choose to spread the cost over time rather than paying for it all upfront
• Borrow over a longer time frame, up to seven years. Though you’ll pay more interest in total when you borrow over a longer period of time, you could bring your monthly payments down by extending the loan term
• With fixed-rate monthly instalments, you’ll always know how much money is going out and when, helping you to better manage your outgoings
• Make unlimited overpayments to pay off your wedding loan sooner. If you’re lucky enough to receive money as a wedding gift, you could use some of it to make extra payments free of charge
• Our personal loans are unsecured, so your valuable assets won’t be at risk if you fail to make your repayments. That said, late or missed payments will be recorded on your credit report which could affect your ability to borrow in the future

There are a few disadvantages to be aware of too, though. For example, a wedding loan may not be suitable if you have a less-than-perfect credit score. That’s because you may struggle to get the best rates on a loan if you have a poor credit history, which could affect the overall cost of borrowing.

You must also make sure the wedding loan you choose is affordable for you and the repayments fit within your monthly budget. If you miss or make a late payment, this will be recorded on your credit report and could impact your ability to obtain credit in the future.

Novuna Personal Finance offers an instant online decision on wedding loan applications. Once your application is submitted and a credit decision made, you will need to read and e-sign your credit agreement. Funds are then typically transferred to your bank account within two working days of signing.

Yes. A wedding loan is simply a personal loan used for wedding-related costs. Lenders including Novuna Personal Finance offer personal loans specifically for this purpose, though the loan itself is unsecured and not restricted to wedding spending - funds are paid into your bank account for you to use as needed. Using a personal loan for a wedding is a common approach for UK couples looking to spread the cost of their big day.

The average UK wedding now costs between £20,000 and £25,000, though this varies considerably by region, venue type and guest numbers. London and south-east England weddings typically cost significantly more. The most expensive elements are usually the venue hire, catering and photography. Many couples use a combination of savings and a personal loan to fund their wedding, borrowing only what they cannot cover from savings.

Yes. Novuna Personal Finance allows early repayment of your loan. If you repay the loan early, you will pay less interest overall. An early repayment charge may apply - the exact terms are set out in your credit agreement, which you should review before signing.

A wedding loan gives you a lump sum upfront with a fixed interest rate and fixed monthly repayments over a set term. A credit card offers a revolving credit line but often carries a higher interest rate unless you use a 0% introductory offer. Credit cards may be beneficial for smaller purchases where you can pay off the balance before the 0% period ends. For larger amounts, particularly over £2,000 to £3,000, a personal loan with a fixed rate is typically cheaper and more predictable than carrying a credit card balance.