The average cost of a wedding in 2014 was £24,716 according to Brides magazine. The UK Alliance of Wedding Planners suggests a figure of £21,000 comprising: venue and catering £9,500, photography £2,100, flowers £1,200, entertainment £1,220, bride and groom outfit £1,680.
Brides want their perfect day but there is nothing wrong in trying to get the cost down. For example, negotiate hard with wedding suppliers. Reduce the guest list. Even choose a week day in November! A wedding on a Tuesday in November could be up to 50% cheaper than a Saturday in June. Weddings are all about marrying the one you love but you don’t have to break the bank.
Putting money aside for your wedding is important but what if you need help? A bank overdraft, credit card or unsecured loan may not be suitable if you want to borrow more than £10,000. If you are a homeowner, Arrow Loans can offer a secured loan for any purpose – including your wedding day. Providing you can afford the repayments this option may be considered.
We’ve put together some frequently asked questions, to help you make an informed decision before choosing to take out a secured wedding day loan. Click on the links below for more information.