Best Wedding Loans in 2024 toltop

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If you decide to take out a co-borrower loan with a loved one, Achieve may offer you an interest rate discount. Adding a co-borrower to your wedding loan can make it easier to qualify for a loan and lower interest rates.

Take into account that Achieve charges an origination fee and funding your loan can take up to three business days. Further, if you’re looking for a small loan, you may need to look elsewhere. To learn more, read our full Achieve personal loan review.

To get an Achieve wedding loan, you’ll need to meet the lender’s following requirements:

• 620 minimum credit score
• Minimum loan-to-income of 40%
• Maximum debt-to-income ratio of 45%
• At least two years of credit history
• Live in a state where Achieve offers personal loans (excludes Colorado, Connecticut, Hawaii, Kansas, Maine, North Dakota, Vermont, West Virginia, Wisconsin and Wyoming)
• No active delinquencies on current debts
• No bankruptcy filings within the last two years

If you have good credit, you may qualify for a Discover wedding loan. Discover offers long loan terms — ranging from 36 to 84 months — as well as access to your FICO Score as a free credit monitoring service.

Unfortunately, Discover doesn’t offer joint loans or repayment terms under 36 months. Plus, if you have bad credit, you may not qualify for a wedding loan with Discover. To learn more, read our full Discover personal loan review.

Discover requires a minimum credit score of 720 and an annual income of at least $25,000. The lender also requires that you have a good debt-to-income ratio and credit history, but doesn’t offer specifics.

Unlike many lenders, LightStream doesn’t charge its borrowers any fees, whether that’s origination or late fees. You can also receive your LightStream wedding loan the same day you apply.

However, LightStream only offers loans to consumers with good or excellent credit, and it also doesn’t preapprove consumers for wedding loans. To learn more, read our full LightStream personal loan review.

While it doesn’t provide a specific score, LightStream only offers loans to those with good or excellent credit. LightStream looks for applicants with at least five years of credit history, a good debt-to-income ratio, valuable assets and a solid payment history.

If you have fair credit, you may qualify for a Prosper wedding loan. Prosper offers flexible loan amounts — $2,000 to $50,000 — and also allows you to apply with a second person. Once you close on your loan, you may receive your funds within one business day.

On the other hand, Prosper charges a 1.00% - 7.99% origination fee, which is taken out of your borrowed amount. And if you have bad credit, you may not qualify for a Prosper wedding loan at all. To learn more, read our full Prosper personal loan review.

Prosper applicants will need the following qualifications to get a loan:

• 560 minimum credit score
• Must be a U.S. resident
• Have a personal bank account
• Have a Social Security number
• Can’t live in Iowa or West Virginia

SoFi offers its customers large wedding loans — up to $100,000. Borrowers can also sign up for autopay and receive a discount. SoFi may provide your funds the same day your loan is approved.

To qualify for lower rates, you may have to accept an origination fee, though it’s not required. To learn more, read our full SoFi personal loan review.

SoFi requires the following criteria for you to qualify for a wedding loan:

• 680 credit score
• Must be a U.S. citizen, eligible permanent resident, or nonpermanent resident
• Must be employed, starting employment within 90 days or have another income source

If you have a bad credit score, you may qualify for an Upstart wedding loan. Upstart considers more than just your credit score: It also looks at your education and employment. After you close on your loan, you may receive funds within one business day.

Keep in mind that Upstart doesn’t allow for co-borrowers or cosigners, and only offers two options for repayment terms. Upstart wedding loans may also come with a high origination fee. To learn more, read our full Upstart personal loan review.

Upstart evaluates its wedding loan requirements using artificial intelligence. While it does have credit score requirements, it also evaluates the applicant’s education and employment.

You’ll also need to meet the following criteria:

• A full-time job, an offer to start in six months, a part-time job or a different source of regular income
• A valid email
• Verifiable identity (e.g., name, birth date, Social Security number)
• A personal U.S. banking account