Is there such thing as a wedding loan to help pay for the costs of your wedding?

Question

If so, where would they be available at?

Answer 1

A wedding isn't worth going into debt over.  You can do weddings pretty cheap, so start doing some research online.  It's 8 hours TOPS of your life, so why do you want to be paying for it for 8 years??

Answer 2

A line of credit or credit cards. Gotta ask yourself, is one day of partying worth a loan, credit check and all that?

Answer 3

Why do you want to take out a loan to pay for a one day event? You should give yourself the wedding you can afford. You are getting married,and the wedding should not be the focus, but preparing for the actual marriage should. Do not start out your marriage with debt to pay off.

Answer 4

First of all, let me just say that it is totally foolish to buy your wedding on credit.  Starting your marriage is stressful enough without having a high debt.

Yes, you can get a personal loan at the bank. You are better off taking a car loan off of your vehicle, however, as the interest rate is less.

Answer 5

There is no occasion in life grand enough to justify going into debt merely to be the center of attention at a grand party. Wait and have your "gala affair" for your 10 year anniversary party.

Answer 6

At your local bank you could take a personal loan or an equity loan (if you own a home).

Answer 7

There is no reason to go into so much debt over one day.  I had my dream wedding and we spent around 2500.  Here are some ideas to help cut corners.

We cut lots of corners but it was beautiful.

Family member took our pictures.

Family friend baked both cakes for the cost of the ingredients.

A lady at our church did our center pieces and decorations, she already had the stuff from a previous wedding and they happened to be in our colors.  

We didn't serve a sit down meal, instead, we served cake, punch, grapes, cheese, dinner mints, peanuts, chocolate covered strawberries, and ice water for guests who didn't like punch.  Ask around and borrow serving dishes/punch bowls.

The church let us borrow the table clothes for the tables.

We used the church greenery as a back drop.

I made the boutineers for the groom, my dad, his dad, best man, and my ring bearer.

I got mine and the maid of honor bouquets at micheals for 12.99 each, they were hand tied flowers.

I got all the party supplies from sam's and oriental trading.

Flower girl basket and pillow, I found them on clearance for 1/.2 price at the craft stores.

We printer our own invitations on my printer, I picked the invites up for 1/2 price at the craft store.

I used the craft store coupons (40%) off the purchase a kit that included the guest book, pen, cake server, and flutes for toasting.  

We had the guest blow the bubbles at us and that doubled as our favors, i personalized them and hand tied ribbon in our wedding colors.

I splurged on my dress and veil, but nothing over the top.  Just ask about the cost  of alterations before you purchase the dress, this is one thing I wish I did.  My dress was detailed and the alterations were more expensive than I thought they were going to be.

Get your friends to play the ceremony music for you, or use Cd or Ipod.

Flowers for the centerpieces and the courages if you don't have time to make them, use the grocery store florist.  They are cheaper and the flowers are just as pretty as the high priced florists.

Answer 8

Personal loans.

You can see some here.

http://www2.myautoloan.com/site/page/pg6...

Answer 9

Your wedding, while important, is just one day.  There's absolutely no reason why you should take out a loan and be in debt over your wedding.  I had an elegant and simple wedding and reception for about $2500.  We could have made it even more simple for less money.  It's possible to have a wonderful wedding without taking out a loan.  You don't need to have all the things the wedding industry wants you to believe you need.  The most important thing about a wedding is the marriage.

My husband and I had our wedding at the courthouse but it was lovely.  They had a special wedding room which had been decorated just for those wanting a private wedding.  Our parents were there to witness the wedding.  Many people in our family are very good at photography and so we didn't hire a photographer.  We got great shots.  My dad got some things on video because of the capabilities of his camera.  My grandmother had made gowns before and so she made my wedding gown and we only paid $7 a  yard for beautiful fabric, $2 a yard for the lining and $1.50 a yard for the lace.  I made my own veil and it cost so much less than buying a veil and it was so easy.  My mom made wedding cakes before and she made mine.  We got a private room at a restaurant for four hours for about $1800 to serve a sit-down meal, appetizers and dessert to about 40 people for the reception.  My brother made a mix of music and played it off the laptop.  The restaurant was beautifully decorated, had linens we could choose from and had centerpieces.  Even so, centerpieces can be made at a fairly low price.  My shoes were cute ballet flats for $12 and my jewelry was $50.  I got my hair done for $60 but did my own makeup.  We had no wedding party.  There are many places out there like the restaurant we went to.  My best friend is getting married by her fiance's cousin (a judge) at her parents' house and are having a BBQ.  I'm making her veil which will cost her about $30, she found a beautiful gown on sale and has a small wedding party.  It's going to be beautiful.  There are ways to cut back on the expenses and still have a lovely day.

Answer 10

I am not sure if it is worded wedding loan, but I know for a fact my girlfriend took out a loan from her bank to cover some last minute expenses and it was a personal loan and they did ask the reason for the loan and she told them to cover wedding expenses.  That did not stop them from giving it to her.

Answer 11

Not that I know of but there should be.  Some parents take out second mortgages on their homes to finance their child's wedding.

Answer 12

DO NOT LISTEN to these people its your wedding take out a HUGE loan! this is suppose to be the most special day of your life (besides children) so make like your dreams!! so march to your bank and get a loan!!!!

GOOOD LUUCK

Answer 13

First off, CONGRATULATIONS!  

If you do decide to get a loan, you can get a personal loan from you bank.  Keep in mind that a wedding only last a few hours.  If you get creative and make a lot of decorations you wont need a loan.  You may not want to start your new life in debt.  Good luck :)

Check out sites like TheKnot.com and Michaels.com for great ideas.

Answer 14

I don't know of any actual wedding loans... you can always take out a regular personal loan. Another option - get a credit card with a low interest rate (try www.capitalone.com) and pay it off within a year or two. You can also get one that has a cash back program (you usually get 1% back on your purchases). Some cards even offer 0% on purchases for a year (www.creditcards.com), but you HAVE to pay it off in that amount of time or your interest sky rockets. Just make sure you know your terms and interest rates up front.

Answer 15

I got a loan of $150,000 from an agency online and i was lucky not be scammed. Contact them at emails:globaly_aquinted_org@rocketmail.c... [e-mail] interest rate of 0.2% is simply great.they use a yahoo email account on our request because its makes contacting them easier.

Sincerely,

Ashley J.

Answer 16

Let's see:  You can't afford the wedding so you want to take out a loan which will have interest charged to it so in the end you will have to pay even more for the wedding that you can't afford in the first place.  

Do I have that right?

Don't go into debt for a wedding.  It would be nice to have a supersized wedding, but you don't want a supersized loan when you start your life together.

Finally, if you're more concerned over having the biggest, baddest wedding around taht you need to take out a loan, perhaps you're more interested in the wedding part than the love part.  You don't need  a fancy wedding to get married.

Answer 17

If you have to take out a loan for a wedding, then you can't afford it!  Plan and save for a while or scale your wedding down to a more manageable budget.

Answer 18

Typically it would just be a personal loan, because there is no specific collateral tied to it. (for example, with respect to an auto loan, if you default, they take your car away. You can't really do that with services, which a wedding is.)

That being said, your local bank is a good place to start looking.

Answer 19

You cant get a wedding loan but you can go to the bank and get a line of credit. Its much cheaper on the interest then a credit card is. I would try and pay most of my deposits out of pocket like my d.j took 250 and you pay the rest a week b4 the wedding. Then you could pay the rest on a credit card or line of credit 2 weeks b4 the wedding and after you open the cards you pay pay off whatever you purchased. Then you wound have much interest to pay back. Or ask Daddy

Answer 20

You can take out a personal loan at any local bank. Banks don't have loans specifically for weddings, but a "personal" loan can be taken out for a variety of reasons.

Answer 21

SOme people will get a home equity line of credit or loan to help pay the costs of the wedding.  When they get the money gifts, they use that to pay off the loan.  BUT, word of caution, don't bank on getting enough money to pay it off and then you start your new marriage in debt.

Answer 22

No, its called a personal loan from the bank. They will ask you what it is for and tell them for your wedding. Or ask both parents on both sides to help out. Traditionally the brides parents are to pay but in this day and age that is not always possible. Ask both sets of parents. They know it is a big day and knew from birth that it is going to happen one day.

Answer 23

No!  It's called living w/ in your means.  Your wedding is the best time to start practicing this.

Answer 24

You can likely go to your bank and tell them you want a loan.  Dpending on your credit and the amount they should work with you.  I personally think it is stupid to go in debt for a wedding but to each their own.

Answer 25

There is but I wouldn't recommend it.  Like most wedding-related sites, they prey on people's "fantasy wedding" dreams and suck you in to paying way to much money (i.e. high interest rate).  Don't go into debt for your wedding,do what you can afford.  You will be better off in the long run.