Benefits of a wedding loan

Planning a wedding can be demanding enough, without worrying about how to cover the costs. An affordable way to manage everything could be an MBNA Personal loan. A wedding loan can help you stay on budget, spread the cost and have the confidence to make your dream day a reality.

You choose the loan amount and how long you want to borrow for. With fixed monthly payments you’ll always know where you stand.

2.8% APR representative for loans of £7,500 to £25,000 over 1 to 5 years.

MBNA personal loans are provided exclusively by Lloyds Bank plc. MBNA Limited act as a credit broker and not the lender.

Top tips for planning your perfect day:

Of course we wouldn’t suggest you borrow more than you really need to, so when planning the day you could:

  • Limit guests to those you really want to celebrate with.
  • Shop around for a venue and caterer which suits your budget (no-one said you can’t haggle). Consider local firms as well as bigger ones.
  • Get crafty to add a personal touch to decorations. You could even bake your own cake.
  • Get married off-peak or out of season to keep costs down.

Apply for a wedding loan

As with any loan, when you apply there will need to be checks about your personal situation. These checks will affect the decision whether to offer you a loan. The loan amount and the interest rate you'll be offered will also be based on these checks.

How it works when you apply for an MBNA personal loan:

  • You can apply for between £1,000 and £25,000.
  • Choose to make your monthly repayments over 1 to 7 years.
  • It takes about 10 minutes to apply online and get a decision
  • If you’re approved, you should have the money in your account within 24 hours. In some cases it may take a bit longer to have the money in your account - but no more than 5 working days.

Representative example

You could borrow £10,000 over 48 months with 48 monthly repayments of £220.30. Total amount repayable will be £10,574.40. Representative 2.8% APR, annual interest rate (fixed) 2.76%.

The 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.

The representative APR is the rate that at least 51% of people are expected to receive when taking out a loan within the stated amount and term range.

Apply now