Wedding Loans UK
Most people have had financial difficulties in the past. Losing a job and struggling to maintain financial commitments, illness or a sudden huge expense should never affect our ability to enjoy life way after the debt is cleared. It certainly shouldn’t harm our ability to pay for a wedding. It’s supposed to be the best day of your life, but if you can’t afford the basics, what do you do?
Whether you’re looking to take out a loan for upcoming wedding arrangements, pay for a honeymoon, or pay off a wedding paid for on credit cards with something with lower interest, we have the solution for you. Our lenders flexible and fast wedding loans for bad credit UK products may be the best available option.
What are Wedding Day Loans?
Also known as personal wedding loans, these are unsecured wedding loans for people with bad credit. As they are unsecured, they rely on a guarantor who will become liable for the debt if the person or couple taking out the loan defaults. It’s a great way to secure a loan when the applicant needs the money but has a history of bad credit.
With Now Loans, you’ll receive an acceptance safe in the knowledge that we offer a dedicated and professional service for your personal wedding loans.
With our comprehensive wedding loans for bad credit, you can:
- Borrow small wedding loans from £500 up to £15,000
- An option to pay off your loan early, reducing the overall costs – no penalties or fees as there is with a bank loan
- Our guarantor-based wedding loans UK products rely much less on your credit score, examining that of the guarantor, so there is a higher chance of acceptance
If you have bad credit history and you’ve been refused loans or credit cards in the past, our wedding loans for bad credit offer cheap and flexible borrowing to pay for your wedding, honeymoon, or both, easing your financial worries as you start your new life together.
All our wedding loans UK services:
- Allow you to borrow up to £15,000
- Have a quick and easy application process
- Are open to homeowners and non-homeowners alike
- Option to repay early, saving money on interest
- Offer flexible repayment terms in line with your financial situation
- Quotes are 100% free with no obligation to buy
Who Can Guarantee Your Wedding Day Loans?
When applying for a bad credit wedding loans, the first step is to find a financially stable guarantor. Somebody trustworthy with a good credit score such as a family member or close friend. The most important point here is that if you fail to make repayments on your wedding day loans, somebody else is required to pay it. Choose wisely who you would like to be your guarantor and ensure you have their full agreement.
If the unthinkable happens and you default on any personal wedding loans you have with us, issues can follow if the guarantor is unable. Some other issues for you to consider when taking out our wedding loans bad credit UK offer:
- The guarantor cannot have a financial connection to you. That means no dependents, person on whom you are dependent, nor a partner
- Must be aged between 21 and 75
- They must have a good credit rating
- Home ownership is not required for wedding loans UK applications, but a good credit rating is
- Applicants of wedding loans for bad credit are required to be a UK resident with a UK bank account and debit card
- The employed, self-employed and the retired – so long as they have a regular income of £400 per month – may be a guarantor
The panel of lenders at Now Loans aims to provide cheap, high-quality, simple, stress-free loans for wedding day planning, honeymoon and other life-changing events. Look no further for instant guarantor loans for this and other big events.
Check your eligibility for wedding loans with bad credit with just a few mouse clicks. Our easy to use online application process is safe and secure. It could take just 24 hours to get your bad credit wedding loan authorised, and in your account, ready to plan your perfect day. With low APRs available, Now Loans have some of the best deals around.
How Do Guarantor Loans Work?
If you have a history of poor credit or no credit history, one of our guarantor personal wedding loans is a practical and wise way to keep on top of personal finances. We assess both your and the guarantor’s credit score to offer you the best deal available.
There are some other considerations before applying for a guarantor supported personal wedding loan. Whoever you ask to be your guarantor must understand that they will become liable for the debt if you default. This could strain a relationship of you experience difficulty.
What Happens if Guarantor Loans Are Not Paid?
Being late occasionally will not be the end of the world. Lenders generally tend to offer some flexibility before pursuing the guarantor for payment. If the worst happens and you can’t repay your loan, this is a last resort. Your guarantor need not assume that the day after a missed or failed payment, they will be chased for the unpaid wedding loan.
How Long Does It Take to Get My Guarantor Loan?
Now Loans is committed to a fair and impartial service to help ease your financial worries. The last thing you want to think about when applying for bad credit wedding loans is struggling to pay. That’s why we use a guarantor system.
Check eligibility for yourself and your guarantor by answering a few simple questions on our site. In principle, you could have a decision in moments. There is no obligation to sign up when you receive this soft acceptance. The remaining steps are safe, secure, and fast. If fully approved, both you and your wedding day loan guarantor will be subject to several checks. You could have full approval in just 24 hours.
What are you waiting for? Your ideal wedding is waiting for you when you take out one of our personal wedding loans.
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This tool is for guidance ONLY. It is designed to help you estimate loan repayments. It uses the representative APR of each product. Lenders have a duty to conduct affordability checks when you apply for a loan.
Representative example. Borrow £3,000 with repayments scheduled over 36 months each totalling £162.34 at a fixed interest rate of 45.10%. Total interest payable at £2,844.30, meaning the total repayable after 36 months is £5,844.30.
Representative APR 50.0% fixed. This example is for illustration purposes only. The rate and/or term you are offered is dependent on your individual circumstances.
Representative example. Borrow £3,000 with repayments scheduled over 36 months each totalling £144.16 at a fixed interest rate of 34.05%. Total interest payable at £2,189.60 meaning the total repayable after 36 months is £5,189.60.
Representative APR 39.9% fixed. This example is for illustration purposes only. The rate and/or term you are offered is dependent on your individual circumstances.