What is a wedding loan?

Wedding loans are personal loans allowing you to finance the ceremony and even your honeymoon. This is an unallocated loan for which you do not have to justify your purchases.

If you are getting married soon and need money to organize your big day, then wedding credit is the solution for you! Indeed, the rental of the room, the wedding dress or even the buffet that you have always dreamed of can come back expensive, financing through a loan can be welcome.

How to apply for a wedding loan?

How to apply for a wedding loan?

A marriage loan application is made directly to the bank. Before applying for a loan, be sure to compare the different offers as they vary from one bank to another, especially with regard to the interest rate. Comparing marriage credit offers on OneTopNotch, you can save up to € 1,000! To do this, simply launch a loan simulation by entering the amount you want to borrow and the length of time you want to repay your loan. You will then obtain the available rates and the amount of monthly payments.

How much can I borrow to finance my wedding?

How much can I borrow to finance my wedding?

The amount you can borrow varies between banks between € 1,250 and € 100,000 over a repayment period of between 6 and 120 months. Keep in mind, however, that when borrowing small amounts, such as in the case of consumer credit, the consumer is expected to repay the loan fairly quickly.

Do I need to provide a guarantee for this type of loan?

Do I need to provide a guarantee for this type of loan?

Unlike home loans or car loans, a marriage loan does not require the consumer to provide a guarantee to be eligible to apply for it.

What are the terms of repayment of the wedding loan?

What are the terms of repayment of the wedding loan?

The wedding loan is a fixed rate loan. This means that once you have received the amount credited to your account, you reimburse part of it every month at fixed, time-varying maturities. So you know for sure what budget you have, how much you pay each month and when your loan will be paid back in full. In addition, the marriage credit allows you to cover all expenses related to your marriage without having to touch your savings account.

What are the advantages of a marriage loan?

What are the advantages of a marriage loan?

The key advantage of the marriage credit is that you have enough money right away to cover all your expenses. Thus, you can buy the wedding dress, the flowers and provide the buffet at your own pace without putting you in difficulty throughout the year until Day J. Since there is no set amount for this type of loan, you have the opportunity to plan your budget and ask exactly the amount you need to cover all your expenses.

How to determine how much will my wedding cost?

How to determine how much will my wedding cost?

The interest rate that applies depends on the amount borrowed. It is therefore important to estimate with some degree of certainty how much your wedding should cost you. But how to estimate the cost of her marriage?

One of the main expenses is the wedding dress, so it is best to decide as soon as possible what type of model you want to buy, since a wedding dress can cost € 300 as € 3,000 depending on the chosen range. Even small things such as the bride’s bouquet can also be expensive depending on how it is arranged. To these expenses are added the honeymoon, which you can also finance with your loan marriage.

To estimate the costs involved with as much certainty as possible, we recommend that you ask for quotes for the rental of the room, the wedding dress, the buffet, the photographer and so on. Think about the smallest details (such as decorating tables or going to the hairdresser) and try to include these expenses in your final budget. In general, it is better to provide a margin of 10% for unforeseen costs. With this final figure in your pocket, you can go to the relevant bank to apply for credit.

Is it possible to save money on my marriage?

If you want to save money on your wedding, it’s important to be creative and be prepared to do certain things yourself. There are millions of ways to make small savings on the final bill. It is not uncommon, for example, to see weddings with a mountain of guests. Is it really essential to invite all your knowledge if you do not have the time to spend time with them at the party? While it is nice to be able to boast of having a great wedding, a more intimate wedding can also have a lot of charm. In any case, reducing the number of guests can allow you to make big savings.

On the other hand, it is possible to privilege certain elements to others. If for you it is more important to have an aperitif rather than a music band at your wedding, you can save on the band and prepare a homemade playlist instead. So you can finance the aperitif with the money saved on the group. You can also make the invitations and the decoration of the room yourself or ask a loved one to take the photos. There are so many ways to reduce the cost of her marriage, just look a little on the question!

What conditions must I fulfill to obtain a loan?

What conditions must I fulfill to obtain a loan?

To find out about the requirements for getting a marriage loan, we advise you to consult our loan guide.

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