Wedding Loan Calculator

See how much your wedding loan will cost in seconds. Enter your loan amount, interest rate, and repayment term to view your estimated monthly payment and total interest.

Enter Your Loan Information

Loan Amount
The total amount of money you would like to take out a loan for.
Interest Rate
The amount that the lender charges in interest, expressed as a percentage.
The length of time you have to repay your wedding loan debt in full.



Monthly Payment


Lifetime Interest

Want to find a low interest wedding loan? Use our rate comparison tool to check multiple lenders in 2 minutes with no impact on credit.

FAQs – Wedding Loan Calculator

A wedding loan is simply a personal loan used for wedding expenses. A personal loan is a type of installment loan that lets you borrow money and repay it on a monthly basis at a set interest rate and repayment term. The interest rate on your loan will be based on your credit score (and other factors, like income or debt-to-income ratio).

Getting a personal loan for a wedding is a fairly easy process compared to some other types of loans, like mortgages. Rather than checking rates directly with each individual lender, you can use Purefy’s rate comparison tool to shop our network of 15+ lenders without any impact on your credit score.

From there, you’ll simply select an offer to be taken to that lender’s website and application. When you apply, the lender will run a hard credit check and they may request supporting documentation (like a paystub or ID). If you accept the loan, the lender will provide the funds directly to your bank account.

Depending on the lender, the process typically takes anywhere from 1 to 3 days, although in some cases it could take up to a week to receive funds.

Underwriting criteria can vary based on the lender you choose, but in general, you’ll need the following:

  • A fair or good credit score
  • Steady income and employment
  • Borrower is 18 years or older
  • Borrower is a U.S. Citizen or Permanent Resident with a Social Security Number

It’s typically best to save as much money as possible and budget your wedding planning within your means. Unfortunately, this can be difficult for the average person due to skyrocketing costs. Many wedding expenses also require either a deposit or full payment upfront.

Wedding loans are a good idea if you can get a lower rate than your credit card APR, and if you can afford the monthly payments.

As long as you make timely payments each month toward your wedding loan, your credit score will not be hurt and will likely improve over time. After you apply and undergo the hard credit pull, you may see a temporary decrease in your credit score. However, checking rates beforehand with a pre-qualification tool can ensure you’ll only need to undergo one hard credit pull with the lender you choose.

With most lenders, you can get approved for a wedding loan the same day you apply, and you could receive the funds anywhere from that same day to a few business days later. You’ll apply online, and the lender may also request supporting documentation to verify your income.

You may qualify for a wedding loan if you have bad credit, but the lowest interest rates are reserved for the most creditworthy applicants. If you have bad credit, your options may be limited and it could be more difficult to qualify.

You can use our rate comparison tool to see if you prequalify for a wedding loan without any impact to your credit score. Our comparison tool includes options for an array of credit profiles, and you’ll receive real rates based on your unique credit profile, with no obligation to proceed.