You’re officially engaged (congratulations!) and ready to start the rest of your lives together. Like centuries of humans before, you’ve dreamed of your wedding day since you first heard what a veil was. But, as many people know, a wedding can be very expensive.
After you factor in all of the costs, such as a venue, photographer, videographer, baker, caterer, entertainment, dress, suit, flowers and doves for the theatrical entrance, a wedding, on average, costs $35,329. Is that number higher than you thought it would be?
You still want to make your wedding dreams a reality, and maybe there is a way to make that happen.
A wedding loan is an unsecured personal loan that you can use to pay for any expenses related to your special day. One common way people pay for weddings is to put the expenses on their credit cards. However, there are alternative ways to pay for your wedding that you may not be aware of.
If you decide to look for alternative ways to pay for your wedding, a wedding loan from Marcus by Goldman Sachs® could potentially save you some money versus higher-interest credit cards.
If you qualify, you’ll receive a lump sum that you can use to pay for the wedding, which you will pay back monthly, with interest, over a fixed term.
As long as what you’re purchasing is for your wedding, you can use your wedding loan in place of a credit card.
Here are a few things you can use your wedding loan for:
We know that wedding planning is stressful enough, even without thinking about how to cover all the costs.
With a no-fee, fixed-rate personal wedding loan from Marcus, you can tailor your loan amount and monthly payments according to your needs. What’s more, many Marcus customers receive their funds within 5 days.
With a financing strategy that suits your needs, you can get back to focusing on what matters: planning your day and where to seat all the feisty relatives.
No sign-up fees. No late fees—you just pay interest for the additional days. No prepayment fees. No fees, period.
Your interest rate is fixed, so you won’t have to worry about changing rates over the life of the loan or fluctuating monthly payment amounts.
The application process is easy — compared to picking out your dress, that is. Many Marcus customers receive their funds in as little as 5 days. This way, you can start deciding between eggshell and soft cream silk.
Marcus wedding loans are available from $3,500 to $20,000 with terms ranging from 3 to 6 years.
Once you and your spouse are officially newlyweds, you’ll be so happy it all came together to be your perfect day. You know there is still a lot of planning to do and that time is of the essence.
So as you start making reservations and putting down deposits, just remember: There is more than one way to finance a wedding.
With Marcus, you could get a wedding loan up to $20,000.