What Are Wedding Loans?


Quick Answer

Wedding loans are loans taken out in order to cover the cost of a couple's wedding and other related expenses. As of 2014, the average cost of a wedding exceeds $30,000.

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What Are Wedding Loans?
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Full Answer

Many couples do not have enough money to cover the expenses of a wedding, so wedding loans help make their special day possible. Wedding loans are used on various items such as wedding rings, wedding party attire, church costs, the reception and the honeymoon. Wedding loans are available at traditional banks as well as online lending businesses. Getting a wedding loan to cover costs is more sound financially than using credit cards.

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