Wedding loans

A wedding loan is a personal loan that you can use to help make the dreams for your big day become a reality. It can help cover the costs for things like the venue and accommodation.

A ring on the fourth finger on the left hand.

What are the benefits?

With a wedding loan you could benefit from:

  • loans between £1,000 and £35,000 over 1-7 years. 
  • a wedding you really want without needing to pay for it all up front.
  • spreading the cost of your wedding and pay it off in monthly instalments to suit your budget.
  • the flexibility  in what you use the loan for – you don’t have to use it for the wedding.
  • 3.9% APR Representative on loans between £7,500 - £25,000 over 1 to 5 years. 

Other amounts and terms are available at different rates.

Things to consider

Weddings can be very expensive and a loan can help you spread the cost over time. However, with a loan you will end up paying more overall because of the interest charged.

Making a plan - There are lots of things to consider when organising a wedding. Making a plan will give you a good idea of what you will need to pay for and how much everything will cost.

Do your research - It is important to understand if you are getting a fair price on things for your wedding. Do plenty of research and shop around.

Other borrowing options - Is a loan the right choice for you? There may be other borrowing options which are better suited to your personal circumstances.

Apply for a wedding loan

To apply for a wedding loan, you need to:

  • be aged 18 or older
  • be a UK resident (excluding the Channel Islands and the Isle of Man)
  • have held a Lloyds Bank current account for at least one month
  • be in paid employment, have a regular income and are not a full-time student
  • have a good credit score, with no history of bad credit, such as CCJs or bankruptcy.
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Why choose Lloyds Bank?

How our wedding loans work

  • Borrow between £1,000 and £35,000 over 1-7 years. 
  • Once your application is approved the money could be in your account the same day - 9am-8.30pm, or before 9am the next day.
  • It's easy to keep track using Internet Banking or the Mobile Banking app, but you can also phone us or pop into a branch.
  • 3.9% APR Representative on loans between £7,500 - £25,000 over 1 to 5 years.
  • Lending and rate are subject to an assessment of your personal circumstances.

Offering you flexibility

  • Repayment holidays - you can apply for up to two repayment holidays per year, subject to approval.
  • Make additional payments with no extra charge.
  • Pay off your loan early if you want. Just be aware, we could charge up to 58 days' interest for early settlement, but you are still likely to save on interest repayment overall.

Representative example

You could borrow £10,000 over 48 months with 48 monthly repayments of £225.04. Total amount repayable will be £10,801.92. Representative 3.9% APR, annual interest rate (fixed) 3.83%.

This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. The maximum APR you could be offered is 29.9% APR.

Loan calculator

Use our handy loan calculator to work out how much your loan payments could be. It will give an indication of monthly payments and APR.

Find out your personalised rate by logging in to Internet Banking.

Get a quote in minutes

Log on to Internet Banking to get a personalised quote.

  • Tell us how much you want to borrow and over how long to get a quote in minutes.
  • This won't affect your credit score.
  • If you go on to apply, you’ll get an instant loan decision online.

Other ways to apply

Apply in branch – our local branch will be happy to help you apply for a loan.

Find your nearest branch 

Apply over the phone – if you have a:  

  • Lloyds Bank Current Account, call us on 0330 123 3890.
  • Credit card, mortgage or existing loan with us, call us on 0330 123 4715

Speak to an adviser 8am-10pm, every day.

Frequently asked questions

  • Using a loan to pay for your wedding depends on your individual circumstances.  Weddings can be very expensive and a loan can help you spread the cost over time. However, with a loan you will end up paying more overall because of the interest charged. For some people, being able to pay the loan back monthly may be worth the higher cost, but that is a decision you will need to make.

    Use our loan calculator to get an idea of what your monthly repayments may look like. You can also get a personalised quote by logging onto Internet Banking.

    Saving up and paying for as much as you can afford before your wedding is always a good idea. This can reduce the amount you may need to borrow – you might not need to borrow at all. Our budgeting tips may help you save for your wedding.

    If you do want to borrow money to help pay for your wedding, there are other options available. It is important to choose the one that suits your needs. View our borrowing options.

  • A wedding loan is a personal loan. Once the money is in your account, you then have the flexibility in how you want to use the loan towards the cost of your wedding.

    However, there are some things you cannot use a personal loan for. 

    We cannot issue loans for:

    - Any illegal activity.

    - Speculative purchases, e.g. gambling, investments and share purchases.

    - Business related purposes.

    - The purchase or lease of land or property, either in full or in part. This includes deposits.

    - Timeshares/holiday clubs.

    These limits apply whether you want to borrow money for yourself, or to support someone else. For example, you cannot take out a loan and give it to someone as a deposit for a house.

  • Getting a personalised quote with us does not use a credit check or affect your credit score.

    When you apply for a wedding loan, we will perform a credit check. This is to help us understand how likely you are to pay the loan back.

  • We look at lots of things when calculating the interest rate you are offered. When you apply, we will give you a personalised quote based on many factors, such as:

    - Credit history.

    - Past account history.

    - How much you want to borrow.

    - How long you want to repay the loan over.

    - Other personal details we hold.

  • You will start to repay the loan the month after you take it out - you can specify which date each month the repayment comes out. 

    You can change this date in the future if you need to. The repayments will be taken each month by Direct Debit.

    The repayments are fixed so they will not change until the loan is paid off.

    If you miss a repayment (e.g. if there is not enough money in your account), we will try once more to take it by Direct Debit within 7 days. If we are still unable to take your repayment, you will be charged a £25 fee. Full details will be provided when you apply.

    You can make additional payments with no charge. However, if you pay the loan off early, we may charge you up to 58 days’ interest – but you are still likely to save on interest payments overall.

Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).

How much we lend and the rate available are subject to our assessment of your circumstances. You must be 18 years of age or over and a UK resident. You must have had a Lloyds Bank current account for at least one month.