Wedding Loan Singapore

Man and Woman applying for a wedding marriage loan

​Planning a wedding in Singapore can be both exhilarating and financially challenging. With costs ranging from S$30,000 to S$50,000, and sometimes even higher, many couples find themselves exploring financing options to bring their dream wedding to life.

This is where wedding loan lenders come into play, offering tailored solutions, allowing you to cover major expenses like venue bookings, catering, photography, and attire without depleting your savings. A wedding loan in Singapore is specifically designed to assist couples in managing the substantial costs associated with their special day, providing a financial cushion that ensures every detail is as perfect as envisioned.​

At 118 Credit, a licensed money lender, we make the loan process simple and efficient, so you can focus on celebrating your special day!

What is a Wedding Loan & How Does It Work?

A wedding loan is a specialised financing option crafted to cover expenses related to weddings. Unlike general personal loans, wedding loans are tailored to address the unique financial needs of couples planning their nuptials.​

Key Features:

Purpose-Specific Financing: While personal loans can be utilised for various purposes, wedding loans are explicitly designed to cover wedding-related costs, ensuring that the loan terms and amounts align with typical wedding expenses.​

Flexible Repayment Terms: These loans often offer flexible repayment schedules, allowing couples to choose terms that best fit their financial situation.​

Competitive Interest Rates: Given their specific purpose, wedding loans may come with more competitive interest rates compared to standard personal loans or credit cards.​

Why Opt for a Wedding Loan Over Other Financing Options?

Avoid High-Interest Credit Card Debt: Financing a wedding through credit cards can lead to substantial interest charges. Wedding loans typically offer lower interest rates, making them a more cost-effective choice.​

Simplified Budgeting: With a lump sum provided upfront, couples can manage their wedding budget more effectively, ensuring all expenses are covered without financial strain.​

Preserve Savings: Utilising a wedding loan allows couples to keep their savings or emergency funds intact, providing financial security beyond the wedding day.​

By opting for a marriage loan, couples in Singapore can focus on creating memorable experiences without the looming stress of immediate financial burdens.

How Much Does a Wedding Cost in Singapore?

Understanding the potential costs involved in a Singaporean wedding is crucial for effective financial planning. Here’s a breakdown of typical expenses:​

1. Venue and Catering

Wedding Banquet: The venue and catering often constitute the most significant portion of the wedding budget. Prices can range from S$2,000 to S$4,480 per table, depending on the venue’s prestige and the selected menu. ​

2. Bridal Package

Attire and Services: Comprehensive bridal packages, including wedding gowns, suits, makeup, and photography services, typically cost around S$3,000. ​

3. Dowry

Traditional Gifts: The dowry, a customary practice in many Singaporean weddings, usually amounts to S$888. ​

4. Wedding Bands

Rings: Investing in quality wedding bands can cost approximately S$1,500. ​

5. Photography and Videography

Capturing Memories: Professional photography and videography services are essential for most couples, with costs averaging around S$3,000. ​

6. Miscellaneous Costs

Additional Expenses: Other costs, such as wedding entertainment, floral decorations, and wedding favours, can add up to S$1,000 or more.

Estimated Total Cost

Considering the above components, a typical wedding in Singapore can cost between S$30,000 to S$50,000, with some weddings exceeding S$100,000, depending on the couple’s preferences and scale of the event. ​

Benefits of a Wedding Loan with 118 Credit

A wedding is for a day, but a marriage is for a lifetime. Make your wedding a lifetime memory for your loved ones.

Easy and Quick Wedding Loan Application

Unlike banks that take weeks to process loan applications, 118 Credit offers a fast and simple wedding loan application with a streamlined approval process. Our application is fully online, allowing couples to apply conveniently. Once submitted, approvals can take under an hour, ensuring quick access to funds. Once your loan eligibility is approved, simply visit our office with the necessary documents, sign the agreement, and receive your funds immediately.

We understand that wedding planning is time-sensitive, so we minimise waiting times. Our wedding loan lenders ensure efficient processing, so couples don’t have to deal with long delays. Let us help you finance your dream wedding without unnecessary stress!

Affordable Interest Rates for Wedding Loans in Singapore

We offer competitive and transparent interest rates, in full compliance with Singapore’s lending regulations. Unlike some lenders that impose excessive interest rates, 118 Credit provides a fair, affordable wedding loan in Singapore, ensuring couples can finance their wedding responsibly.

Our loans have no hidden processing fees and no early repayment penalties, meaning couples can pay off their loan anytime without extra charges. Interest rates are government-regulated, ensuring fair terms and financial security. We also offer fixed repayment amounts, so you know exactly how much to budget each month.

With our clear loan structure, couples can focus on their wedding without financial uncertainty. We is committed to making wedding financing affordable and stress-free!

Receive your Money In One Lump Sum

After applying for a wedding loan in Singapore, couples receive their approved loan amount in one lump sum, providing full control over wedding expenses. Unlike staggered payouts or borrowing from multiple sources, receiving the entire amount upfront ensures smoother financial planning.

This independence allows couples to book venues, hire vendors, and make necessary purchases without financial restrictions. Instead of facing external pressures from family or credit card debt, a wedding loan provides a structured approach with manageable repayments.

We prioritise flexibility, ensuring that you receive the funds you need in the simplest and most efficient way possible. Plan your wedding your way, without financial roadblocks.

Loan Repayment Terms & Flexibility

At 118 Credit, we offer loan tenure options that provide flexibility and financial ease. Whether you prefer a short-term loan to clear your balance quickly or an extended tenure for lower monthly payments, our repayment plans are tailored to your financial situation.

We understand that every couple has different financial commitments, which is why we ensure adjustable repayment schedules. Our transparent terms include fixed repayment amounts with no early repayment penalties, giving couples the freedom to settle their loans comfortably.

A wedding loan in Singapore should enhance, not burden, your financial future. With 118 Credit, couples can enjoy structured, stress-free loan repayments while focusing on their new journey together.

If you’re planning beyond your wedding and need financing for home renovations, housing, or short-term expenses, explore our tailored loan solutions. Check out our renovation loan, housing loan, or short-term loan for more options.

Apply for a Wedding Loan with 118 Credit

Get An Instant In-Principle Approval And Collect Your Money On The Spot!

Apply for a Personal Loan with 118 Credit

Eligibility and Requirements for Wedding Loans in Singapore

Eligibility for a wedding installment plan:

If you’re planning beyond your wedding and need financing for home renovations, housing, or short-term expenses, explore our tailored loan solutions. Check out our renovation loan, housing loan, or short-term loan for more options.

Step-by-Step Guide to Apply for a Wedding Loan

Applying for a wedding loan in Singapore with 118 Credit is simple and hassle-free.

Submit Your Application – Fill out the online application form with your personal and financial details.
Verification & Approval – Our team will review your application and provide an approval decision within 30 minutes.
Visit Our Office – Once approved, visit our office with the required documents for final verification.
Receive Your Funds – After signing the loan agreement, your funds will be disbursed immediately in one lump sum.
Repayment – Follow the structured repayment schedule and enjoy a stress-free loan experience.

Documents required:

For Singaporeans / PRs:

  • Proof of identity (NRIC, passport)
  • Proof of income (CPF / bank statements)
  • Remember Singpass to login to CPF, HDB and IRAS

For Foreigners:

  • Work Permit / S Pass / E Pass
  • Proof of residence (Utility bills, phone bills, tenancy agreement, etc.)
  • Payslips / bank statements

Apply for a Wedding Loan Today

Planning your dream wedding? Get instant in-principle approval and receive your funds on the same day for a stress-free borrowing experience! Contact Us

FAQ

Here are some of our Frequently Asked Questions that we get from most of our clients. Do take some time browsing through and we hope you may find the answers you are looking for!

A wedding loan is a specialised loan designed for wedding-related expenses. Unlike personal loans, it offers structured repayment terms that cater specifically to wedding costs, ensuring better financial planning.

To qualify for a marriage loan Singapore, you must:

– Be at least 18 years old
– Provide proof of stable income
– Submit necessary NRIC and financial documents

Loan amounts vary based on income and creditworthiness. At 118 Credit, we offer loan amounts up to six times your monthly income based on your financial profile, subject to approval.

Our interest rates comply with government regulations to ensure fair lending. We offer competitive rates with no hidden processing fees or early repayment penalties.

Yes, our wedding loan lenders allow funds to be used for venue bookings, attire, photography, catering, and even honeymoon expenses.

Approval can be as fast as under an hour, with same-day disbursement for eligible applicants. We ensure a smooth, hassle-free process so you can focus on planning your wedding.

Money Loans Offered in Singapore

We offer a range of different loan types based on your needs. It doesn’t matter if you have a bad credit history, or low-income, the best money lender for you is 118 Credit!
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