17 October 2025
Fact Checked

Wedding Loans

Ease the financial strain of planning your wedding and honeymoon with a personal loan.

100% free. No impact on your credit score.

Created by our team of experts.
Wedding Loans

How to apply for your personal loan with Savvy

Applying for a personal loan with us is straightforward.

1

Quick online form

Fill out details about yourself, your finances and your loan.

2

Chat to a broker

One of our brokers will call to discuss your personal loan options.

3

Prepared and submitted

You’ll have your application handled and submitted for you.

Easy as 1. 2. 3. Get approved today!

Your wedding will be one of the most exciting days of your life – but it can also be one of the most expensive. According to a recent wedding industry report, the average cost of an Australian wedding in 2025 is $35,315.

A personal loan can help you manage the costs by giving you a lump sum upfront, allowing you to cover expenses as they arise and keep your budget on track.

What rate can I expect for a wedding loan?

The interest rate you'll get for your wedding loan will vary depending on a number of factors, such as your personal profile and whether the loan is secured or unsecured.

These are the lowest rates available through Savvy as of October 2025.

Loan amount $5,000-$100,000
Interest rates from 5.85 % p.a.
Comparison rates from 7.41 % p.a.
Loan amount $5,000-$130,000
Interest rates from 5.99 % p.a.
Comparison rates from 7.76 % p.a.
Loan amount $5,000-$150,000
Interest rates from 6.09 % p.a.
Comparison rates from 7.22 % p.a.
Loan amount $5,000-$150,000
Interest rates from 6.35 % p.a.
Comparison rates from 7.69 % p.a.
Loan amount $5,000-$250,000
Interest rates from 6.39 % p.a.
Comparison rates from 8.15 % p.a.
Loan amount $5,000-$100,000
Interest rates from 6.45 % p.a.
Comparison rates from 8 % p.a.
Loan amount $5,000-$250,000
Interest rates from 6.45 % p.a.
Comparison rates from 7.86 % p.a.
Loan amount $5,000-$100,000
Interest rates from 6.49 % p.a.
Comparison rates from 7.41 % p.a.
Loan amount $10,000-$150,000
Interest rates from 6.54 % p.a.
Comparison rates from 8.04 % p.a.
Loan amount $5,000-$150,000
Interest rates from 6.59 % p.a.
Comparison rates from 7.29 % p.a.

What can I spend my wedding loan on?

A personal loan can be used to pay for a range of wedding costs, giving you the flexibility to cover your entire celebration or just certain elements. This can include:

  • Venue hire
  • Wedding dress
  • Suits
  • Rings
  • Catering
  • Flowers
  • Decorations
  • Photography
  • Entertainment
  • Cake
  • Transport

There are several benefits to funding your wedding this way:

  • Immediate access to funds: a wedding loan gives you a lump sum of money upfront, allowing you to cover large expenses or smaller costs when you need to.
  • Cheaper than credit cards: personal loans often have lower interest rates than credit cards, helping reduce the overall cost of borrowing.
  • Avoid draining savings: taking out a loan means you won’t have to dip into emergency funds to cover costs, giving you financial peace of mind.
  • Reduced financial stress: fixed repayments and clear loan terms make it easier to budget and plan your special day with confidence.

Wedding cost scenario

Let’s look at how a wedding loan might work in practice:

Emma and Liam are getting married next spring. Their wedding budget started at $15,000, but additional expenses have pushed the total $10,000 higher. Rather than exhausting their savings, using multiple credit cards or juggling different payment plans for individual items, they decide to simplify the process by taking out an unsecured personal loan. This allows them to cover costs as they arise and have one simple repayment to manage.

Here’s how the costs could work over a three-year loan with an interest rate of 5.85% p.a.:

  • Monthly repayment: $304
  • Total interest paid: $927
  • Total amount to repay: $10,927

Note: This example does not include other costs or fees associated with the loan.

This approach lets Emma and Liam cover the extra costs while keeping their wedding within their budget and their finances under control.

Why apply for a personal loan with Savvy?

Help from the experts

When you submit your application, one of our consultants will compare the best available options and walk you through the process.

Paperless applications

You don't need to worry about sifting through documents and visiting the post office, as they can all be submitted online.

Reputable lending partners

We've partnered with personal loan companies you can trust to ensure your comparison is a high-quality one.

How to apply for a wedding loan online

  1. Apply online

    Fill out our quick online form with information about yourself.

  2. Provide your documents

    Submit the required documents through our secure online portal.

  3. Speak to a Savvy broker

    A member of our team will reach out to talk you through your personal loan options.

  4. Submit your application

    Your broker will prepare your application and submit it to your lender.

  5. Settle your loan

    Once approved, we’ll handle loan settlement and you’ll receive the funds to cover your wedding costs!

How can I avoid spending more than I can afford with a wedding loan?

According to Easy Weddings’ 2025 Australian Wedding Industry Report, couples spend almost 29% over their original budget – and sticking to that budget is the biggest source of stress when planning a wedding, especially with living costs on the rise.

Our own personal loan statistics reveal that the average finance amount requested for wedding expenses through Savvy is $24,265.

If you’re looking to cut down on spending, there are ways to save on your wedding celebrations:

  • Set a budget: make a list of all potential wedding expenses and decide which aspects are most important to you. Set a maximum amount you’re willing to spend on each item and try to stick to it. You can also save money by looking for discounts and putting your DIY skills to use rather than paying a professional.
  • Borrow only what you need: when you apply for a loan, you and your lender will agree upon a pre-determined amount based upon how you wish to spend the funds and your ability to pay the loan back. It might be tempting to borrow as much as you can, but this could lead to overspending and subsequently higher repayments on the loan.
  • Research and compare: compare interest rates and terms from multiple lenders. A lower interest rate translates to significant savings over the loan term, and a shorter loan term will mean higher monthly repayments but less total interest paid.

Wedding loan eligibility and documentation

Eligibility

  • Age

    You must be at least 18 years of age

  • Residency

    You must be an Australian citizen or permanent resident (or, in some cases, an eligible visa holder)

  • Income

    You must be earning a stable income that meets your lender’s minimum threshold (this can start from as little as $20,000 per year)

  • Employment

    You must be employed on a permanent, casual or self-employed basis

  • Credit score

    You must meet your lender’s minimum requirements related to your credit score and not be bankrupt or under a Part IX debt agreement

  • Contact

    You must have an active phone number, email address and online bank account in your name

Documents

  • Personal information

    Your full name, date of birth, address and contact details

  • Photo ID

    Such as a driver's licence or passport

  • Payslips

    Your last two consecutive payslips (or your last tax return if you're self-employed)

  • Assets and liabilities

    Information about any assets you own (such as a car or house) and liabilities in your name (such as other loans)

  • Bank statements

    90 days of bank statements may be requested, but not always

What our customers say about their finance experience

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Savvy is rated 4.9 for customer satisfaction by 442 customers.
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Frequently asked questions about wedding loans

Can I take out a personal loan for my honeymoon?

Yes, you can put the funds from your wedding loan towards a honeymoon, or you could take out a travel loan to cover some or all of the costs. This could include:

  • Flights
  • Accommodation
  • Meals
  • Travel insurance
  • Shopping
  • Activities and excursions
Can I get a wedding loan if I have bad credit?

Yes, we’re partnered with lenders that specialise in lending to borrowers who are struggling with their credit score. It’s important to note, though, that loans for bad credit often come with greater restrictions on how much you can borrow and higher interest rates.

Can I get pre-approved for a wedding loan before I apply?

Yes, personal loan pre-approval can give you a clearer understanding of how much you can be approved for. This is useful if you’re wanting to bargain on the cost of a particular item or service, as pre-approval gives your seller a clear price ceiling.

Can my partner and I sign off on a wedding loan together?

Yes, a joint personal loan could be the right move for you if you want to add the security of a shared repayment.

Can I get a personal loan if my wedding is taking place overseas?

Yes, you can use a personal loan to fund a wedding abroad. Since wedding loans are flexible, they can cover any related expenses, including travel, venue and accommodation costs for an overseas event.

What happens with my loan if my wedding is postponed?

If your wedding is postponed, you can still use the loan for other expenses. However, you’ll need to continue making regular loan repayments as outlined in your contract, regardless of any delays to the wedding itself.

Can I finance an engagement ring?

Yes, whether you proposed without a ring or are planning to be engaged with a short turnaround for a wedding you can finance an engagement ring. The flexibility of these loans means you can spend the money on whatever piece of jewellery you like, new or vintage. Some retailers may even offer buy now pay later options or interest-free payment periods, though be wary as unless you meet the criteria and can make the repayments, you could end up far worse off. Afterpay, for example, charges late fees at 25% and you’ll still need to pass a credit check.