Wedding loans

Save more with low rate wedding loans starting from 7.99% p.a. (Comparison rate 8.93% p.a.

Flexible and affordable wedding loans

Get a simple approach to financing your wedding with a personal loan that offers you a competitive rate

Spend on big things with low rates

The average cost of a wedding in Australia can cost more than $50,000 which can be a sobering thought. You can spend $21,250 on venue hire alone. But there is a way to get your dream wedding without accumulating debt. Get a loan that comes with flexible repayment plans that don’t break the bank from our top leading suite of lenders to help you take care of every cost. We understand your need to make your day memorable. We cover small intimate weddings to big weddings costs at a low rate.

Get your dream wedding

At Savvy we understand that when planning a wedding the expenses can increase which cause couples to go over their budget. We offer financing that comes with affordable interest rates that can be paid over a period up to 7 years. Our team of consultants offers help from start to finish of your loan application to ensure that you get the right fit for your wedding and honeymoon. Avoid a financial debt hangover as you start this new chapter of your life with expert finance solutions.

Wedding loans explained

What is a wedding loan and how does it work?

A wedding loan is a form of personal loan designed to help you out with your special day. According to Moneysmart, the average Australian couple looking to get married will spend at least $36,000 on their wedding, with 82% of those having to dip into their savings to cover the cost. These personal loans are typically unsecured, meaning that you won’t have to put up any valuable assets like a car to secure your loan.  

Personal loans are usually quite versatile when it comes to how you wish to use your funds, so your wedding loan can really function as a means of covering the whole wedding or simply helping out with certain elements, like venue hire or the purchase of a dress or ring.  

Do I have any alternatives to a personal wedding loan?

Yes – there are a few other options at your disposal that you may wish to consider if you don’t feel a personal loan is right for you. However, it is essential that you know the ins and outs of these options and are fully informed before making your decision. 

A credit card is a useful tool for couples looking to make flexible purchases on the smaller side for their wedding, such as dresses, suits, hairstyling and makeup. Because the interest rates on credit cards tend to be much higher than those of personal wedding loans, though, they’re not really a feasible choice for larger spending like venue hire or your honeymoon.  

A line of credit functions somewhat similarly to a credit card, but with interest rates and terms more reminiscent of personal loans. In this sense, a line of credit is a very versatile and flexible alternative to personal loans. You will be charged fees to maintain the line, as with a personal loan, but these can occur even when you haven’t touched your fund in a given pay cycle. 

How can I avoid spending more than I can afford to pay back?

You and your lender will agree upon a pre-determined amount based upon how you wish to spend the funds and your ability to pay the loan back, so there is a low-risk of overshooting this figure. However, if you’re looking to cut down on spending, there are areas which you can look to for more affordable options.  

The allure of an expensive wedding dress can be too strong for a bride-to-be, but if you need to lower the wedding spending this could be the place to start. There are plenty of beautiful dresses available for purchase at a much cheaper cost than a tailor-made or designer outfit that may never see the light of day again. You can do the same for the bridesmaids’ dresses too, especially given that you will have to buy multiple of those. 

Wedding invitations are the first glimpse at what to expect from your big day, so there may be an impulse to fixate on a costly design that wows your guests. The cost for each invite can pile up quickly, so searching for someone who can do as good a job at a lower cost is certainly worth your while. 

See how we can help you with your wedding finance

Tailor-made financing that to manage wedding expenses

Pros and cons of wedding loans

See our table below to find out the areas you should consider when weighing up a wedding loan


Making your dream wedding a reality

Even if you’re not blessed with the funds required to plan the perfect day, a personal loan can give you the helping hand you’re looking for to make it all possible 


Personal wedding loans are flexible when it comes to the way you want to structure your loan. Rates are also competitive amongst lenders, so you won’t be short on options  

Increase your credit score

Making timely repayments and paying off your loan early (where possible) is guaranteed to give your credit score a boost, opening the door for help with bigger investments 


Interest + fees = expensive wedding

The compulsory interest rate and establishment and maintenance fees mean that the total you’ll pay will usually comfortably exceed the amount you borrowed 

Managing the debt through separation

If you and your partner end up separating before your wedding loan is paid off, it can be difficult to coordinate your payment situation if you don’t have a solid plan in place 

Common questions about financing your big day answered

Frequently asked questions on financing for a wedding answered

How much will my repayments be?

This will depend on how much you want to borrow and for how long. However, you can use our online calculator to find out how much you will be paying in monthly repayments.

What is a comparison rate?

A comparison rate shows the true cost of a loan and is usually expressed as a percentage that tends to be slightly higher than the interest rate.

Are wedding loans better than paying with credit cards?

Yes. Wedding loans come with competitive rates that tend to be lower than credit cards. It also allows for more flexibility with repayments unlike credit cards.

Can I get a loan if I have bad credit?

Yes. We help customers to get approved for a wedding loan with the bad credit.

Are wedding loans better than paying with credit cards?
Yes. Wedding loans come with competitive rates that tend to be lower than credit cards. It also allows for more flexibility with repayments, unlike credit cards.
Can I get a quote before I apply?

Yes. At Savvy we offer obligation free application processes that are quick to help you find a quote with low rates.

Do you offer loans that can cover venues?

Yes. Our loans come with flexible amounts that can cover your venue or the entire wedding.

Can my partner and I sign off on a wedding loan together?

Yes. A joint personal loan could be the right move for you if you want to add the security of a shared repayment. 

Your helpful guides to wedding loans

Guide your way to making an informed decision with our wedding finance guides

Fixed vs variable rate

Wedding loans come with a fixed or a variable rate that can affect your loan. A fixed rate personal  loan comes with the benefit of helping you pay a consistent interest rate throughout the loan term, which makes it easier to include in your budget. However, a variable rate loan means that the interest you pay on your loan will fluctuate. The benefits are that it can help you save when the rate decreases, but you could also pay more when the rate increases.

Using credit card for wedding

A credit card that comes with a competitive interest rate can help you purchase wedding-related expenses that have been budgeted for in advance. A 0% p.a. purchase card can work if you pay off the amount that is owed before the introductory period ends. However, you could consider a loan as it comes with lower rates and more flexible terms. It will also prevent you from pushing your monthly card balance higher which can increase your chances of defaulting.

What fees to look out for?

It is vital that you check the flexibility that comes with a loan in order to see if it suits you and your partner financially. This will also affect how you repay a loan. You need to check if the loan comes with any repayment penalty fees if you repay the loan early or if you will need to extend the loan. You can get the best of both worlds by finding a lender that offers flexible repayment plans and features that can help you save money such as combining loans to get a discounted offer.

Check your credit history

Getting a wedding loan involves two people which means that you will have to find a financing option that works for the both of you. Being open with each other in terms of your credit score will let you know how much you can afford together. This means checking your credit history to see if you are up to par with your debt repayments to see what will be in your financial reach. This will help you to be more prepared when you approach a lender.

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