In this article you will get answers to most common questions about financing your wedding with a wedding loan.
What is a wedding loan?
A wedding loan is a type of personal loan that is used to help finance a wedding. A wedding loan can help you pay for the many costs associated with planning and hosting a big event. These loans are also known as “bridal loans.” They are usually repaid over a period of 12 months or less, and they typically have lower interest rates than other types of personal loans.
How to get a loan for a wedding?
The best way to get a loan for your wedding is by applying for one online. You can apply for one at any time of the day or night, and it will be processed quickly. Consider checking Discover wedding loans. Simply Elegant is not affiliated with Discover.
How much does it cost? What kind of rate should I expect?
Your rate will depend on your credit rating. The better your score the lower will be the rate. Other factors may apply too. Discover’s rates are from 6.99% to 24.99% APR.
What can you cover with a wedding loan?
A wedding loan covers almost any wedding expense you can think of. Here’s a shortlist of the most common wedding expense categories that can be covered with a wedding loan:
- Engagement rings
- Wedding reception
- Destination weddings
- Vendors, venues and more
- Dream honeymoon
- Additional costs
How much can I borrow for my wedding financing?
Discover offers a wedding loan for any amount from $2,500 – $35,000. If your wedding budget is $15,000 for example, you’ll need to estimate extra costs such as gratuity, taxes and any other unexpected expenses that might come up.