Wedding loan
Spread the cost with a personal loan. Start by using our eligibility checker. If pre-approved, you'll get a personalised rate, with no effect on your credit score.
How does a wedding loan work?
Planning a wedding can be demanding enough without worrying about how to cover the costs. A personal loan could help spread the costs and stay on budget.
Check your eligibility
- Check if you're eligible to apply for a loan by answering a few questions and if pre-approved, get a personalised rate - with no effect on your credit score.
- No need to re-type your answers - as long as nothing's changed, you don't need to type these details in again.
- Apply securely online to get a decision.
- If approved, you should have the money in your account in 2 hours, or sometimes up to three working days.
The amount of lending and the interest rate offered to you, depends on an assessment of your personal circumstances.
MBNA personal loans are provided exclusively by Lloyds Bank plc. MBNA Limited act as a credit broker and not the lender.
Top tips for planning your perfect day:
- Limit guests to those you really want to celebrate with.
- Shop around for a venue and caterer that suits your budget. No-one said you can’t haggle.
- Consider local firms as well as bigger ones.
- Get crafty to add a personal touch to decorations. You could even bake your own cake.
- Get married off-peak or out of season to keep costs down.
Other things to consider
- Only take out a personal loan if you are confident you’ll be able to repay it, even if your circumstances change.
- Make sure that a loan is the best option for you when paying for your wedding.
You can apply for a loan if:
- You are age 18 or over.
- You’re a UK resident (except for the Channel Islands and Isle of Man).
- You’re not in full-time education.
- You’re in paid employment or have a regular income.
- You’ve not been declined for credit in the last month.
- You don’t have a history of bad credit.
- You are not applying for any of these reasonsLoans won't be provided for speculative purchases (gambling, investments and share purchases), any illegal purposes, business-related purposes, purchase/lease of land or property, either full or part purchase (including deposit), timeshares/holiday clubs.
Frequently asked questions
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All of our loans are unsecured, meaning they’re not secured against anything such as the vehicle or your home.
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Getting a personalised quote, telling you what your repayments would be, doesn’t affect your credit score – we’ll only do a ‘soft search’ then. If you go on to apply, we’ll then do a full credit check, called a ‘hard search’. This helps us understand if you’re likely to have any problems paying the loan back.
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When you apply for a wedding loan, we’ll tell you how much your monthly repayments will be. This includes the interest and is a fixed amount until you pay the loan back. The repayments will start the month after your agreement begins. We’ll take them by Direct Debit on a date that suits you.
If you want to, you can make extra payments with no charge. However, if you pay the loan off early, we may charge you up to 58 days’ interest.
If you miss a repayment, your account could be passed onto our collections team and you may be charged £25. And if more repayments are missed, you may be charged more.
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Our eligibility checker is an online tool you can use to tell us a bit about you and your circumstances. By answering a few questions, you can:
- find out if you're eligible to apply for a loan.
- if pre-approved, get a personalised rate.
- relax - as long as nothing's changed, you don't need to re-type any of the details you've already given us.
All of this, before you apply and with no effect on your credit score.