Wedding Loan: The Solution to Your Wedding Costs?

The prospect of a wedding might seem daunting at first. No, of course not because of saying “I do”—after all, once you’ve found the person you love, you’re just looking forward to making it official. The big question mark: the cost of the wedding! Would a wedding loan from the bank help? How does a loan calculator work? What collateral do you need? And is that even the right solution for you? We’ve looked into it for you.

Life is expensive—and so is a wedding.

In our mid-to-late twenties and beyond our thirtieth birthday, major life events—and the expenses that come with them—start to pile up: buying an apartment, leasing a car, maybe even building a house. Pets and children become part of our lives. Life is shouting at us: You’re (really) an adult now!

Wedding loans are off-limits—but they shouldn't be!  

Part of growing up is facing certain realities head-on. Let’s be honest: None of us can just afford a house out of the blue. When it comes to real estate investments, it’s quite common to take out a loan. But what about a wedding? Same thing! It’s just that people talk about it much less. When buying a house, people discuss interest rates, loan terms, and so on; when it comes to a wedding, everyone assumes the expenses are covered. But how? A wedding can easily cost around 25,000 euros—and not every couple can just pull that amount out of thin air. But they don’t have to!

How a Wedding Loan Works

The loan calculator provides clarity.

You can calculate a wedding loan online quickly and without any red tape. Often, you just need to enter a few relevant details about yourself and your income into the loan calculator, and in just a short time, you’ll receive a loan estimate that includes all the important terms and conditions.

Apply for a wedding loan online

At most banks in Austria, you can even apply for your wedding loan conveniently online. All you usually need is proof of income for the last three months and a positive credit check. This ensures that you have no negative KSV entries, have not undergone any insolvency proceedings in the last five years, and are not making any debt collection payments.

If you meet these requirements, the process is usually very quick. If you're already a customer of the bank, the money will be in your account within 24 hours after the application is approved.

Tip: Early Repayment

Depending on the bank, the maximum term for wedding loans ranges from 9 to 10 years; however, you should make sure that early repayment is possible without incurring fees. That way, you can use the cash gifts from your guests to pay off the loan right away.

Wedding Loan: Why Not?

Loan inquiries are always non-binding and can be handled directly online—without having to visit a bank. Wondering how much you’d have to pay each month for your wedding loan? Take the wedding loan calculator test and you’ll know for sure. Many banks offer a loan calculator—but you’ll have to figure out for yourselves whether it makes sense for your wedding loan. In any case, the loan calculator will show you what other options are available. After all, your wedding can still happen even if you can’t pay for it all out of pocket!