Estimate the Cost of Your Wedding Loan with Our Calculator

Planning a wedding is exciting, but the costs can quickly add up. Our Wedding Loan Calculator helps you estimate your repayments so you can make informed financial decisions.

$
months
%
Calculate
$585.19
$14,044.47

How to Use This Calculator

This tool calculates either your monthly payment or total repayment amount, depending on the values you enter. By inputting any three fields (loan amount, interest rate, or term), the calculator will automatically solve for the missing one using industry-standard formulas.

Enter Loan Amount

Input how much you plan to borrow for your wedding expenses.

Set Loan Term (Months)

Choose the repayment period (e.g., 12, 24, or 36 months).

Input Interest Rate (APR%)

Use an estimated rate based on your credit profile.

Click "Calculate"

The tool will automatically determine the missing loan detail and provide your monthly payment and total amount payable. Results are shown with clear formatting for easy understanding.

Adjust Your Inputs

Compare different loan amounts, terms, and rates to find the best financing option.

This calculator gives you a realistic view of wedding loan affordability, helping you compare options and prepare for your monthly repayment obligations.

What Is a Wedding Loan?

A wedding loan is a personal loan used to cover wedding-related expenses, such as:

  • Venue and catering
  • Photography and Videography
  • Wedding dress and attire
  • Flowers and décor
  • Music and entertainment
  • Honeymoon expenses

Most wedding loans are unsecured personal loans, meaning they don’t require collateral.

Wedding Loan Formula

Our Wedding Loan Calculator uses the following financial formula to calculate monthly payments when needed:

M = P × r 1 − ( 1 + r ) − n

Where:

  • M = Monthly payment
  • P = Loan amount
  • r = Monthly interest rate (APR ÷ 12)
  • n = Total number of months in the loan term

This formula ensures accurate calculations for monthly payments and total interest costs.

Example of a Wedding Loan Calculation

Let’s say you take out a $10,000 loan for your wedding with:

Loan Term 24 months
Interest Rate (%) 35%

Using the formula:

Monthly Payment ≈ $585.19
Total Repayment (including interest) $14,044.47

While the calculator doesn’t account for early or extra payments directly, you can test different terms and interest rates to find the most cost-effective borrowing option.

More Handy Personal Finance Tools

Planning your wedding is just one piece of your financial puzzle. Explore these tools to manage your finances effectively: