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Wedding Loans

Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK
Credit subject to status & affordability assessment by Lenders.
Oyster Loan is a credit broker and not a lender

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Representative Example

We compare loans that can be paid back over terms of between 1 and 25 years. The APR interest rate you'll be charged depends on your personal circumstances, and will be between 3.2% and 99.9%. This is a representative example of what it may cost : a Loan of £7,500 over 60 months at 3.3% APR would equate to monthly repayments of £135.60, and the total cost of the loan that you pay back would be £8,136.22

What is a Wedding Loan?

A wedding loan is a personal loan that is opted by people to cover some of their wedding expenses. Weddings are an expensive affair with the average wedding cost of £27,161 in the UK. It is not a surprise that most of the couples are taking out these unsecured loans to make their special occasion more joyous.

The dream day comes with a huge price tag these days and to tackle with financial shortfalls, couples prefer an unsecured loan as it doesn’t require any collateral or any guarantor. Moreover, it can be repaid over a period of a year or less. That means borrowers have the flexibility to choose the loan repayment period.

A borrower must consider the repayment strategy before taking out a personal loan to avoid causing any damage to their credit score. The interest rate on personal loans for wedding in the UK depends on the assessment of your financial circumstances and your chosen loan amount.

Wedding Loans for Bad Credit in the UK online

Bad credit history may often prevent you from availing a wedding loan in the UK, however, Oyster Loan may help you avail a loan to plan and organise your dream day. This loan may be the solution to all your financial needs such as paying for the venue, adding an extra layer on the cake, getting that wedding dress you had your eyes on since the very beginning and a multiple of other expenses.

If you want to avail a wedding loan with bad credit, then applying with us will not impact your credit score. Our lenders perform a soft credit check in the initial stage to offer a soft quote to the borrowers. And once, the borrower decides the lender they want to go ahead with, a hard credit check is conducted and the loan is disbursed.

Advantages of a Wedding Loan

An unsecured personal loan may help you fund a huge expense. A planned and organised wedding will definitely require funds and in a shortfall of funds, one may easily avail a wedding loan. Most couples save money for their big day, however, a little extra fund is always required when tying the knot. There are several advantages of a wedding loan that we’ve listed below:

  • Unsecured Loan
    A borrower doesn’t have to pledge collateral or any valuable asset to avail this short-term loan. Therefore, there is no risk to your property. You can tie the knot happily without worrying much about it.
  • Available Online
    These high-cost short-term credits are available online. A borrower doesn’t need to step out of their home to avail a wedding loan. You may apply for a loan while sitting at the comfort of your home or while selecting your wedding dress at the store. The entire process is carried online and within a few minutes you even get the decision.
  • No Guarantor Required
    These short-term loans can be easily availed without a guarantor. You do not need to find a co-signor for applying. Invest this time in finding your caterer, or florist or go shop for your honeymoon.
  • Repayment Flexibility
    A borrower may choose their repayment period as per their convenience and ease.

Disadvantages of a Wedding Loan

It is wise to weigh your options after considering the pros and cons as doing so will help you form a clear idea of your needs. Listed below are a few disadvantages of an unsecured wedding loan:

  • High Cost of Credit
    These credit products have a high rate of interest as they do not require any collateral or guarantor to be pledged. As there are chances that the borrower may default, the lenders, therefore, charge a high rate of interest for the risk involved for them.
  • Impacts Credit Score
    If you fail to repay the loan on time, it will impact your credit history. You need to be sure of the repayments before you avail a loan. A bad credit score indicates your management of personal finances. And sometimes, lenders consider your score to approve the loan application.

Alternatives to a Wedding Loan in the UK

If you do not wish to opt for a wedding loan and are curious to explore the alternatives, then there are various other credit products that may serve your purpose. Everything for a wedding costs higher, let it be the venue, the caterers, the entertainers, everyone shoots their prices up when they hear the ‘W’ word. And under such circumstances, it is not possible for everyone to organise the event with the limited amount of funds available with them.

Consider the alternatives that you may choose to go ahead with:

  • Credit Card
    This method of funding is easy and convenient. But what about the grace period? You do not get much time to return the amount you used. And moreover, the limit left on the card should be substantial to cover the wedding expenses.
  • Friends & Family
    Our relatives, friends and family are our immediate support system during a financial crunch. Ask them to help you arrange the funds and you can repay them later. It will not harm you to ask them to donate the amount to your wedding fund rather than gift you something else.
  • Credit Union
    You may approach a credit union to fund your dream day. However, you have to be careful of the interest rate they offer you.

Plan Your Dream Day – With Oyster Loan | UK

Oyster Loan is an FCA registered loan broker that operates across all the major cities of the UK. The lenders we deal with are also authorised by the FCA and hence, we give utmost importance to transparency and fairer industry practices.

Tying the knot may cost you expensive if you do not plan for it carefully. However, you may always opt for a short-term loan to help you cover the expenses. Read our wedding loan guide to help you plan your dream day.

A personal loan can make things much smoother during a shortfall of finances. However, it is important for you to discuss all the options of finances available to you with your partner. Borrowing responsibly will never harm your credit score, rather timely repayments will build your score. 

To apply for Wedding loans in the UK, click here.


Oyster Loan is a licensed LOAN BROKER and not a lender. The website is registered in the UK and is authorised and regulated by the FINANCIAL CONDUCT AUTHORITY (FCA). WARNING: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK.

Oyster Loan does not charge any fees. If you are contacted by anyone claiming to be from Oyster Loan and requesting you to make a payment, report it to

All Loan approvals & Quotes are subject to Credit Score and Affordability requirements by lenders. If you meet the lender's criterion, you can borrow the money. We as a broker make an attempt to process your application with the most suitable lenders in our panel.

Important payment information

Collections Process
Contact your lender directly if you have any worries about making your re-payment. If you do not endeavour to do so you will be unable to arrange any payment options and where the situation remains unresolved (where you have not re-paid your loan), the lender can exercise their right to pass your details onto a third party collections agency. This agency will then work to recover your unpaid arrears (plus any interest accrued as a result of your non-payment).

Implications of Non-Payment
By not making your short-term loan re-payment on time, you could be subject to fees and penalties, which will be implemented at the discretion of your individual lender. The details of any charges that can be added to your loan re-payment amount will be detailed within your loan agreement and this will include the reasons why further charges may be added. If you are late in making your payment this could also have a negative impact on your credit score. Therefore, in order to avoid having to re-pay more than your original agreed amount, we suggest that you re-pay your loan on time. If you fear that you will experience difficulty in paying back what you owe, please contact your lender as soon as possible.

Late Payment
Where you feel that you will not be able to meet your re-payment date and will need to make your payment at a later time – you must contact your lender to arrange this. If you do not, it could be assumed that you are unwilling to re-pay your loan and therefore you could incur a higher fee or charge than you would otherwise have done by simply extending your loan term. A late payment fee usually amounts to anywhere between £1 and £100 and this will vary dependent upon your lender. However, we do not advocate the unnecessary extension of short-term loans and as a result we ask that you ensure that you will be able to re-pay any loan that you apply for. For more information, please read and understand the terms and conditions associated with your loan agreement.

Renewal Policy
We do not advocate the renewal of short-term loans however, in the instance that you wish to do so you must contact your lender immediately. You will often be charged the same rate of interest or fees for an extra month however; this will be charged on the full amount that you owe to the creditor (amount borrowed plus first month's interest). If you are late in making your loan re- payment or you fail to make the re-payment at all, your loan may be automatically rolled over thus automatically incurring further interest and charges. Any amount that you have borrowed you will be liable to re-pay so, please make sure that you only take out a loan if you can afford to pay it back in full.

photo of Oyster Loan Oyster Loan
Oyster Loan
71-75 Shelton Street
Covent Garden, WC2H 9JQ United Kingdom £100-£35000
+44 203 633 1699
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