Wedding Loans

What are wedding loans?

A wedding loan is a type of personal loan where the proceeds are spent on organising and paying for your big day celebrations. So long as you’re able to repay the full loan amount, including interest and any fees payable back on time, a wedding loan would cover the costs.

Is a wedding loan a good idea?

For some couples, a wedding loan can help raise funds for their big day. However, before you commit, it’s important to weigh up the pros and cons, and really consider whether it’s right for you.

Pros

• You can repay the balance on a manageable plan that’s in sync with your financial situation.
• Available as either secured or unsecured loans.
• Available as short-term loans (one to five years) or long-term loans up to 30 years.

Cons

• Can potentially be a substantial long-term commitment that must be repaid.
• Failure to meet re-payments can put your secured assets at risk.
• Late or missed payments can have a negative impact on your credit score.

Commonly asked questions about wedding loans

Learn more about loans from Norton Finance with these frequently asked questions.

How much can I borrow?

We broker secured loans between £1,000 and £100,000. The amount you can borrow will depend on your individual circumstances.

How long are the repayment terms?

The repayment period ranges from one to 30 years. The most important thing is that you’re comfortable with your loan instalments.

What are the interest rates?

Our homeowner rates start at 2.9%. Unsecured loans usually have higher rates, but the rate you are offered will vary according to your current finances and financial history.

Are there any loan fees?

As a broker rather than a bank, we receive commission from the lender when a loan application is completed. We don’t charge any upfront fees on unsecured or secured loans. On secured loans, we will often charge a broker fee of up to 12.5% on completion of the loan application. This figure is capped at a maximum £3,995.

Am I eligible for a wedding loan?

It doesn’t matter whether you have bad credit, CCJs, are receiving benefits, or even retired – at Norton Finance we work together with our customers to find a repayment schedule that fits the bill.

We offer secured and unsecured loans for weddings. Couples can apply for a loan together or individually, depending on their circumstances and/or personal preference.

Wedding loans from Norton Finance

Your wedding day is one of the most pivotal days of your life – but all too often, couples compromise on what they really want because of cost.

As a broker, we can help you choose a loan from the selection offered by our panel of lenders. Allowing you to spread the costs over a time period that suits you, a personal loan for a wedding can help the whole planning process be more manageable.