A wedding loan is a type of personal loan that you can use to cover the cost of your wedding. With a wedding loan, you borrow a fixed sum and agree to pay the lender back the loan, including all fees and interest, over three to five years.
You can use the wedding loan to pay for the venue, catering, dresses and suits, flowers, photography and anything else necessary.
You may also use the loan to buy the engagement ring or pay for the honeymoon; the choice is yours.
Our interest rates are offered based on your credit assessment and EBP Money's responsible lending criteria. Your interest rate will be personalised based on your overall credit profile and financial situation. Your interest rate will be fixed for the life of your loan. We offer interest rates at the lower end of our range to customers with an excellent credit history.
We charge a one-off risk or establishment fee. This is based on your loan amount and your credit rating. We also charge a monthly account service fee of $15. There are no fees for our tier-one borrowers with excellent credit scores. We will provide all your fees and charges in your loan contract.
Yes – you can make additional repayments, increase your repayments and pay out your loan early. However, an early repayment fee may apply. All fees will be disclosed in your loan contract.
If your circumstances change and you cannot repay your loan, please get in touch with us immediately. We are here to help.