Wedding loans

Compare wedding loans to find the perfect fit for your big day. From interest rates to repayment terms, we've got you covered.

By   |   Verified by David Boyd   |   Updated 20 Jun 2024

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Comparing wedding loans for over months

MTF Finance Secured Personal Loan

On website

MTF Finance Secured Personal Loan

Interest rate

From 11.70% (personalised)

Comparison rate

From 0.00% (personalised)

Repayment period

3 years

Application fee


Monthly repayment


Total repayment



  • Be in to win $5,000 cash when you take out a loan before September 1, 2024. Terms and Conditions apply.
  • Borrow between $2,000 to $500,000.
  • Make repayments weekly, fortnightly, or monthly for the term of your loan up to 60 months.
  • Choose Payment Waiver to cover your repayments from an unexpected life event.


  • Quick and easy application process.
  • The rate is fixed for the loan term
  • New Zealand owned.


  • There is a monthly admin fee of $8.24.

Planning a wedding is exciting, but it can also be expensive. If you need help financing your big day, a wedding loan may be an option to consider.

How to compare wedding loans

When comparing wedding loans, it's important to consider the following factors.

  • Interest rates. Look for a loan with a lower interest rate, as this will reduce the overall cost of the wedding.
  • Fees. Check for any application fees, processing fees, or early payment penalties associated with the loan.
  • Repayment terms. Consider how long you have to repay the loan and whether the repayment schedule is flexible enough to accommodate changes in your financial situation. For example, can you make a lump sum payment using a gift after the wedding without incurring a penalty fee?
  • Loan amount. Make sure the loan amount is enough to cover your wedding expenses and that the monthly repayments are affordable. Financial stress can have a negative impact on a relationship.

Alternatives to wedding loans

While a wedding loan can be a good option for some, there are alternatives worth considering.

  • Credit cards. If you have a good credit score, a credit card with a low interest rate can be a viable option for short-term financing. A credit card with a high rate, i.e. a credit card with rewards, may work out to be more expensive than a typical wedding loan, but that could be offset if you could use the points earned to pay for part of the honeymoon.
  • Savings. If you have enough savings to cover your wedding expenses, you can save on interest and start your married life without the stress of managing what could be a substantial amount of debt.
  • Family. Consider asking family and friends for help financing your wedding. Some people do this by asking for contributions to your wedding fund in lieu of a wedding gift.

Pros and cons


  • Get the wedding you want. A loan can help finance all or part of your wedding without having to ask for parental help.
  • Cash flow it. Allows you to spread out the cost of your wedding over time, making it easier to manage your budget.
  • Build your credit. Making timely repayments can help build your credit score, which is beneficial for future credit applications, e.g. buying a home.


  • Can be expensive. With higher interest rates on unsecured wedding loans, interest can soon add up.
  • May require collateral. Depending on your financial situation, a security deposit such as a car may be required. This can be risky if you are unable to make payments.
  • Could lead to financial strain. Change happens. If you or your spouse lose your job and can't keep up with repayments, there can be negative ramifications for your future finances.

What you need to apply for a wedding loan

You'll typically need the following information to apply for a wedding loan.

  • Personal information, such as your name, address, and contact details.
  • Proof of income, such as payslips and bank statements.
  • Good credit history. Check yours before applying.


How much can I borrow with a wedding loan?

This will vary depending on the lender and your financial situation, but most lenders offer wedding loans ranging from $1,000 to $30,000 or more.

Is it possible to get a wedding loan with bad credit?

Yes, there are lenders who will consider applications for a wedding loan with bad credit. However, bad credit wedding loans typically come at the cost of higher interest.