Why You Should Trust Us: How We Chose the Best Loans for Weddings
We rate all personal loan products in our reviews and guides on a 1-5 scale. The overall rating is a weighted average that takes into account seven different categories, including:
- Interest rate (20% of rating)
- Fees (20% of rating)
- Term lengths and loan amounts (15% of rating)
- Funding speed (15% of rating)
- Borrower accessibility (15% of rating)
- Customer support (7.5% of rating)
- Ethics (7.5% of rating)
The different weightings reflect the importance of these various criteria. The interest rates and fees you'll pay are among the most important considerations, while other factors like customer service and company ethics still matter but are weighted less heavily.
Your wedding should be one of the happiest days of your life. However, a big stressor for many couples is figuring out how they're going to pay for it. A personal loan is one option you can consider if you're looking for ways to finance a wedding.
We've rounded up the lenders that provide the best personal wedding loans for people in a range of financial situations, with an emphasis on finding those that offer low APRs.
Best Loans for Weddings
- Best for low rates: LightStream Personal Loan
- Best credit union loan: PenFed Credit Union Personal Loan
- Best for fair credit: Upgrade Personal Loan
- Best for high loan amounts: SoFi® Personal Loan
- Best for bad credit: Upstart Personal Loan
- Best for fast funding: Best Egg Personal Loan
- Best for avoiding fees: Discover Personal Loans
Apply for a Wedding Loan Online
Best for Low Rates
6.49% to 25.29% (with AutoPay discount, rates vary by loan purpose)
$5,000 to $100,000
660
Pros
Cons
LightStream offers some of the lowest rates on personal loans out there, provided you have a great credit score. The lender also has loans of up to $100,000 and can supply you with funding on the same day you apply and are approved.
LightStream Personal Loan- Loan amounts range from $5,000 to $100,000
- Loan term lengths range from 2 to 12 years
- Apply online and you'll receive a response shortly during business hours.
- Receive your funds as soon as the same day
- Loans are made by Truist Bank, member FDIC
If you have what LightStream considers to be good credit (a credit score above 660, a mix of credit types, other assets on hand, few or no delinquent payments, and a steady income), it could offer the best wedding loan interest rates.
LightStream also doesn't require any application fees, origination fees, or administrative fees. There are no penalties for early repayment, either.
Best for High Loan Amounts
8.74% to 35.49% fixed (with all discounts)
$5,000 to $100,000
680
Pros
Cons
SoFi is a strong personal loan lender for those with high credit scores — you'll get perks like no fees required. The best personal loan for you depends on your credit score, which will determine what you qualify for and can lower your rate.
SoFi- Loan amounts range from $5,000 to $100,000
- Loan term lengths range from 2 to 7 years
- Usually receive your money in a few business days after your application is approved
- Loans are made by SoFi Lending Corp.
SoFi® Personal Loan has a loan maximum of $100,000, which is perfect for borrowers who need a large amount of money to finance an expense.
One thing to watch out for if you're considering taking out a loan with SoFi is the high minimum loan amount. The lowest amount you can borrow with SoFi is $5,000. The minimum loan amount may be higher in some states, too.
Best for Bad Credit
6.60% to 35.99% fixed
$1,000 to $50,000 (borrowers in four states are subject to higher minimum loan amounts: Massachusetts: $7,000, Ohio: $6,000, New Mexico: $5,100, Georgia: $3,100)
300
Pros
Cons
Upstart could be the right lender if you have a strong work and education history, but you have a low credit score or limited credit history. The best personal loan for you depends on your credit score, which will determine what you qualify for and can lower your rate.
Upstart- Loan amounts range from $1,000 to $50,000. However, borrowers in four states are subject to higher minimum loan amounts: Massachusetts: $7,000, Ohio: $6,000, New Mexico: $5,100, Georgia: $3,100
- Loan term lengths are either 3 or 5 years
- Can have origination fees up to 8%
- Considers employment and education history when making loan approval decisions
- Loans are made through one of several Upstart-powered bank partners
While Upstart does consider factors other than credit scores, it also has a low minimum credit score requirement of 300.
Approval also isn't solely based on credit scores. For people who have struggled with credit in the past, Upstart will factor in a few other pieces of information for a better shot at approval.
Borrowers should be aware of the potential for high origination fees. Upstart's personal loans can have origination fees up to 12%.
Best for Fast Funding
6.99% to 35.99%
$2,000 to $50,000
600
Pros
Cons
- Loan amounts range from $2,000 to $35,000
- Loan term lengths range between 3 to 5 years
- You may get your money by the next business day after your loan is reviewed and approved
- Loans made by Best Egg's lending partners
- Unavailable if you live in Iowa, Vermont, West Virginia, the District of Columbia, or U.S. Territories
Around half of Best Egg customers will receive their money the day after applying for the loan. For those who don't receive money the next day, after successful verification, your money can be deposited in your bank account within one to three business days.
As a potential Best Egg borrower, you should watch out for origination fees. You'll face an origination fee between 0.99% and 9.99%, which is baked into your APR. On a loan term of four years or longer, the origination fee will be at least 4.99%. You can find other lenders that don't charge origination fees.
Best for Fair Credit
9.99% to 35.99%
$1,000 to $50,000
580
Pros
Cons
Upgrade is a solid lender if you can qualify for its lowest interest rate. But if your credit isn't in great shape, you may be able to find a better deal elsewhere.
Upgrade Personal Loan- Loan amounts range from $1,000 to $50,000
- Loan term lengths range between 2 to 7 years
- You can get your money within one business day after your loan is reviewed and approved
- Loans made by Upgrade's lending partners
Upgrade stands out for its small minimum loan amounts. You can get a loan as small as $1,000, which is lower than many competitors' minimums. For instance, Best Egg's minimum is $2,000.
You should also know that Upgrade charges origination and late fees. Your origination fee will be between 1.85% and 9.99%, and you'll pay a late fee of up to $10 if you don't make a full payment within 15 days of your due date.
Best from a Credit Union
8.99% to 17.99%
$600 to $50,000
Pros
Cons
For borrowers with excellent credit, PenFed Credit Union has great minimum interest rates on its personal loans. The best personal loan for you depends on your credit score, which will determine what you qualify for and can lower your rate.
PenFed Credit Union Personal Loan- Loan amounts range from $600 to $50,000
- Term lengths between one to five years
- Loans originated by Pentagon Federal Credit Union
For borrowers looking for small amounts of money, PenFed Credit Union offers loans of as little as $600. This could make the credit union an attractive alternative to a payday loan.
One thing to consider when it comes to PenFed Credit Union personal loans is the membership requirements. You don't need to be a member of the credit union to apply for a personal loan, but you'll have to be a member to get one. If you've served in the military or work at qualifying associations or organizations, you'll qualify.
However, you have a pretty easy workaround if that doesn't apply. Anyone can join by opening a savings account with a $5 minimum deposit.
Best for Avoiding Fees
With no upfront fees, Discover offers some of the best wedding loans. The interest rates are competitive, and you can pay off the loan early without facing prepayment penalties. The application process is also simple and convenient, and you should get a decision the same day you apply.
However, qualifying for a wedding loan from Discover can be tough. This lender doesn't specify a minimum credit score requirement, but you'll likely need a "good" credit score, which means a score of at least 670. You'll also need to show an annual individual or household income of $25,000 or higher.
Compare Today's Rates
How to Choose the Best Wedding Loan
To pick the best wedding loan for you, consider the factors that are most important to you.
Many borrowers look for the lowest interest rate, but they also examine any fees, the minimum credit score needed, and the accessibility of the lender's customer service.
Also, look at the different types of lenders you may borrow from. Some people may feel comfortable with an online personal loan lender, while others may prefer a credit union or bank. You'll also want to make sure you're able to select a term length that works for you and that your loan's purpose is allowed by the lender you choose.
Guides like this one will help you compare multiple lenders in the same place to weigh their pros and cons. Keep in mind that you should also read individual reviews of any lenders you're considering.
Related: The best loans for fair credit »
Wedding Loan Lender Trustworthiness
Whether you're considering taking out a $5,000 loan or a $40,000 loan to finance your wedding, finding the right loan company can help with your experience. The Better Business Bureau, a non-profit organization focused on consumer protection and trust, evaluates businesses using factors like their responsiveness to consumer complaints, honesty in advertising, and clarity about business practices. Here is each lender's score:
| Lender | BBB Grade |
| LightStream Personal Loan | A |
| SoFi Personal Loan | A+ |
| Upstart Personal Loan | A+ |
| Best Egg Personal Loan | A+ |
| Upgrade Personal Loan | A+ |
| PenFed Credit Union Personal Loan | A+ |
| Discover Personal Loan | A+ |
All of our top picks except Lightstream (with an A) are rated A+ by the BBB. Keep in mind that a high BBB score does not ensure a positive relationship with a lender. You should also do a lot of research on your own, and talk with others who have used the company to get the most comprehensive information possible.
Wedding Loan Alternatives
Savings
The best way to fund a wedding is with savings. If you have a long engagement, you can use the time to set aside money for the big day. While this approach isn't feasible for everyone, it keeps you debt-free as you start your new life as a married couple.
Credit Cards
Credit cards can be more convenient than even the best wedding loans and are especially useful for smaller expenses. Just be wary of running up too high of a balance. Credit cards typically have high interest rates, making this an expensive type of debt.
0% APR Credit Cards
Some credit cards offer a 0% APR introductory period, which can last up to 21 months. You usually need good or excellent credit to qualify, but if you manage it, you can charge your wedding expenses to the card. Then, you can avoid paying interest by paying off the balance during the introductory period. You could even transfer an existing credit card balance to a new 0% APR credit card, but the transfer will likely incur a fee.
Help from Family or Friends
Loved ones are often happy to provide funds for a wedding. If asking for a gift seems awkward, you can also request a low-interest loan. By "keeping it in the family," you'll avoid paying larger amounts in interest to an outside lender.
FAQs
What type of loan do you get for a wedding?
Most borrowers will take out an unsecured personal loan to finance a wedding. However, if you have equity built up in a home, you may consider taking out a home equity loan instead.
Do banks offer personal loans for weddings?
Yes, almost every bank that offers personal loans will allow you to use the proceeds for a wedding.
Is it worth going into debt for a wedding?
If possible, avoid going into debt for your wedding. Instead, make a budget ahead of time and set aside money from each paycheck to put toward your overall goal.
What credit score do I need for a wedding loan?
Most lenders require at least a "fair" credit score for wedding loans, meaning you'll need a FICO score of 580 or higher. Some lenders cater to borrowers with lower scores, but generally charge higher interest rates.
To qualify for the best wedding loans, borrowers should aim for a credit score of 670 or higher.
How much can you get from a wedding loan?
The maximum amount you can borrow depends on the lender you're taking out a wedding loan from, your credit score, and other aspects of your financial situation. Some lenders might let you take out as much as $100,000.
Fixed rates from 8.74% to 35.49% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 08/08/25 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. Loan amounts range from $5,000— $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.
The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.
Direct Deposit Discount: To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your "Loan"), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi's reasonable procedures and requirements to be determined at SoFi's sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.
Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If SoFi is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum loan amount is $5,000. The average of SoFi Personal Loans funded in 2024 was around $33K. Information current as of 11/03/25. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details. See SoFi.com/eligibility for details and state restrictions.
