Why Finance a Wedding

How is financing from Wedding Payment Plan different from my venue's payment option?

Before Wedding Payment Plan started offering wedding loans, brides, grooms & families took out personal loans, used credit cards, home equity loans, depleted cash savings, or a 401k loan to pay for their weddings. These options were not intended for this purpose and could cost you severely through "over limit" fees, early withdrawal penalties, adjustable rates, revolving debt and the potential to reduce your retirement savings exponentially. Instead, Wedding Payment Plan combines the best aspects of each to create a smart loan product specific for your wedding day!

Traditional Method (pay on your facility’s payment schedule)

  • Initial Deposit $500 - $5,000
  • Assuming 12 months until your wedding, 12 large equal payments or 2-3 large payments, according to their schedule.
  • May deplete your savings.
  • Bottom Line: Locked into higher unpredictable lump sum payments, according to venue’s schedule. Lower overall cost. Higher stress levels.

Wedding Payment Plan

  • No initial deposit needed.
  • Lower, predictable monthly payments over your choice of 24 - 60 months.
  • Fixed interest rate.
  • No prepayment penalty so you can pay it off early when you are comfortable.
  • Bottom Line: Lower payments, may be higher overall cost. Flexibility to pay an amount that fits your monthly budget or prepay entirely at a more convenient time (or when your financial situation permits), while removing stress from the planning process!