Wedding loan

Whatever your budget, a wedding loan from Tesco Bank could help you have your perfect day and plan how you’re actually going to pay for it.

Clubcard Prices

Enter your Clubcard number when you apply and if you're accepted you'll get a better rate.

    How does a wedding loan work?

    • Once you’ve set your wedding budget, if you choose to take a loan you’ll know up front how much you’ll pay back each month and for how long, and what the interest will cost.
    • You might even find that having the cash up front can get you a better deal on the things you’re paying for.

    How to apply for a wedding loan?

    • Use our loan calculator to quickly work out how much a loan could cost and start your application.

    Should I get a wedding loan?

    • Taking out a personal loan is an ongoing commitment so make sure you think about how the loan repayments will work with your future plans.

    Find out more about our wedding loans below or by visiting our personal loans page.

        Wedding loan calculator

        This is an illustrative example. The rate you're offered depends on the loan term and amount chosen, as well as your individual circumstances.

        Error: Please select if you have a Clubcard to continue

        Do you have a Clubcard?

        It's easy to join Clubcard now and apply for a loan today.

        Error: Please let us know what you’ll use this loan for

        What will you use the loan for?

        We will only lend for debt refinancing or debt consolidation if you're 22 or older

          Error: Sorry we only offer between £3,000 and £35,000

          Error: Please make sure the total amount you'd like to borrow is between £3,000 and £35,000

          How much do you want to borrow?

          £
          3000 35000

          Error: Sorry you can only borrow for a period of between 1 and 7 years

          Error: The maximum length of a loan in these circumstances is 3 years

          Error: The maximum length of a loan in these circumstances is 5 years

          Error: The maximum length of a loan in these circumstances is 7 years

          Over how long?

          months (5 years)
          12 120

          Calculator results

          Without a Clubcard

          Clubcard Price

          Monthly repayments

          APR

          Total repayable

          Clubcard Price
          Possible saving with a Clubcard £ Enter your Clubcard number when you apply

          Representative Example

          Representative APR, based on a loan amount of , over , at a Fixed Annual Interest Rate of , (nominal). This would give you a monthly repayment of and a total amount repayable of .

          Why choose a wedding loan from Tesco Bank?

          • Clubcard members get a better rate if they're accepted.
          • We’ll give you an instant decision when you apply online.
          • If you’re eligible and you apply online, you could get the loan transferred to your account by the next day if approved, by digitally signing.
          • You may be eligible to take a two-month payment break at the start of your loan. Please note, interest will accrue during the payment break and your loan term will be extended by 2 months.
          • You can choose which day of the month you’ll make your fixed monthly payment.

            How our wedding loans work​

            A loan gives you the money you need upfront and lets you spread the cost of paying it back. So whether it's a special holiday, a car or a new kitchen, a personal loan can make it more affordable.

            Loans are available to UK residents aged 18 and over. Rates will vary depending on loan amount, term and individual circumstances. Subject to status. The maximum APR you could receive is 34.5% APR.

            Tesco Bank Loans: PO Box 27014, Glasgow, G2 9FE.

              We offer unsecured personal loans

              This means that if we decide to lend you money, it won't be secured on your home, car or other assets. You can then spend this money on the things you need.

                Available repayment periods

                You can apply for a loan term from 12 to 120 months depending on the loan amount and purpose. Just remember that the maximum repayment period might be lower for certain loan purposes.

                  Borrow exactly what you need

                  We offer loans to cover costs big and small and you can be specific about the amount you need, down to the pound.

                    How interest is charged

                    The interest rate is fixed for the life of the loan.

                    At the beginning of the loan we work out the interest you will pay over the whole length of your loan and add this to your loan amount. We calculate your interest charge by applying interest at a monthly rate based on the APR to the balance of your loan, as reduced by your monthly repayments. We add this to the loan amount and then divide this total by the number of monthly repayments.

                    The loans calculator will give you an example of what it might cost you based on the loan amount and term you want. However, the interest rate we offer may be higher depending on your individual circumstances.

                      We're proposing to transfer our banking business to Barclays

                      If your application is successful, your account is expected to transfer to Barclays on 1 November 2024.

                      There'll be no immediate changes to how you use and manage your account on a day-to-day basis. Barclays will continue to use the Tesco Bank brand on all existing Tesco Bank banking products through a long-term strategic partnership with Tesco.

                      To find out more and view a range of helpful documents just go to tescobank.com/transfer-scheme

                        How soon can I get my loan?

                        If you've been approved, you'll receive some important documents within five days, which you'll need to check, sign and return to us.

                        If you apply online, you’ll get an immediate decision and, if eligible, can digitally sign your loan agreement with us. We’ll then use Faster Payments to send the money directly to your bank account.

                        Once we're happy with the information you've sent, we'll fully approve your loan and pay the money into your bank account.

                          Take a payment break

                          Sometimes it can really take the pressure off if you don’t have to start repaying your loan straight away, especially if you’ve got extra expenses to cover.

                          So when you apply for a loan, you might be eligible to apply for a payment break before starting your monthly loan repayments.

                          • This break is only available at the start of your loan.This break is only available at the start of your loan.
                          • If your application for this option is successful, then the first payment would be taken the third month after the issue of the loan.If your application for this option is successful, then the first payment would be taken the third month after the issue of the loan.
                          • Interest will be charged during the payment break and your overall loan period will be extended by two months, which means that you will pay an extra two months' interest.Interest will be charged during the payment break and your overall loan period will be extended by two months, which means that you will pay an extra two months' interest.
                          • Your offer documentation will explain the terms of the payment break, so please read everything carefully.Your offer documentation will explain the terms of the payment break, so please read everything carefully.

                          Your payment is made by monthly Direct Debit from the account the loan is paid into. Your first payment will be made one month after issue of the loan on the date you have chosen in your application, unless you apply for an initial payment break (see under Payment break tab).

                            You'll always know what you have to pay

                            All Tesco Bank Loans are fixed rate. This means your monthly Direct Debit payments will be the same every month until your loan is paid off. Nice and simple.

                              What happens if a payment is late?

                              We'll charge £12 each time a loan payment is late and £12 when a default notice is issued.

                                Can I make additional payments to my loan?

                                Yes, you can do this at any time at no extra cost. It may help pay off your loan faster, reducing the amount of interest you pay which would save you money overall. You can learn all about what this means for your loan on our page about additional payments

                                  Can I pay off my loan early?

                                  You can do this at any time which could save you money on interest charges. Remember to factor in a two-month interest fee when you settle early though. For more on early settlement figures visit our page on paying your loan off early.

                                    Credit checks during application

                                    We'll carry out a credit reference search when you apply for a loan and a credit score will be calculated based on the information you enter and your credit reference information. This will help us make a decision on whether or not we're able to lend to you. We'll then let you know the decision and what the status of your application is.

                                      Who provides these loans

                                      Our loans are provided by Tesco Bank, PO Box 27014, Glasgow, G2 9FE.

                                        What do we mean by Annual Percentage Rate (APR) and annual rate of interest?

                                        The APR is the total cost of borrowing, as a percentage of the amount you owe, over a year. The APR is calculated from the annual rate of interest plus any upfront fees. It gives you a way to compare the cost of different loan and credit offers.

                                        The annual rate of interest is the amount of interest that will be charged on your loan, as a percentage of the amount you owe, over a year.

                                          A wedding loan is a way to borrow money to pay for your wedding now, even if you don’t have enough in savings to cover it. A wedding loan from Tesco Bank is an unsecured personal loan that lets you spend the money on whatever you want, whether it’s booking the venue or paying for the flowers. You’ll then pay the loan back in monthly instalments.

                                          You’ll be charged interest on your wedding loan and the rate will be fixed when you open your account. The amount of interest you’ll be charged will depend on a few things, including how much money you borrow, how long you want to take to pay it back, and your credit rating. For an idea of how much your wedding loan could cost you per month at our headline rates, use our loan calculator.

                                            There are a few pros and cons to weigh up before deciding to take out a wedding loan:

                                            Pros:

                                            • A wedding loan gives you money to spend upfront, so you can start planning your big day even if you don’t have enough in savings to cover all the expenses.A wedding loan gives you money to spend upfront, so you can start planning your big day even if you don’t have enough in savings to cover all the expenses.
                                            • If you meet all of your monthly payments and manage your loan well, you may improve your credit score.If you meet all of your monthly payments and manage your loan well, you may improve your credit score.

                                            Cons:

                                            • If you default on a loan your credit rating will be lowered, which might make it harder to get a loan in the future.If you default on a loan your credit rating will be lowered, which might make it harder to get a loan in the future.

                                            Contact us - we're here to help

                                            Need a few questions answered? Our UK-based teams are here to talk to you seven days a week. Lines are open Monday to Friday, 8am-8pm, and Saturday to Sunday, 9am to 5pm.