 TITLE: Can You Take Out a Loan for a Wedding? CONTENT: Is Paying for a Wedding With a Personal Loan a Good Idea?\n---------------------------------------------------------\nThe average cost of a U.S. wedding is $29,858—making it hard for many to gather the cash they need to fund their special day. Here's a look at the pros and cons of taking out a loan to pay for your wedding.\n### Pros\n*   **Lower interest rates than credit cards:** Most personal loans charge lower interest rates than credit cards, making them a more affordable financing solution for your wedding.\n*   **The chance to build your credit:** If you are confident you can pay your loan back according to its terms, you can use it as an opportunity to build your credit.\n*   **Fast funding:** Depending on the lender, you may get the cash you need in as little as one business day.\n*   **Online application process:** Many lenders offer a quick, convenient online application process.\n### Cons\n*   **The temptation to overspend:** Using a loan to pay for your wedding may tempt you to spend more than you can afford.\n*   **Fees:** Some loans come with prepayment fees, origination fees or both.\n*   **Starting your marriage with debt:** If you take out a loan to pay for your wedding, you and your spouse will start your marriage off in debt. This can be particularly problematic if you already have other debt to tackle.\nIf you don't have the cash to pay for your entire wedding but don't want to take out a loan, you do have other options. You can prolong your engagement and have your wedding when you've saved up enough money. Or you can opt for a smaller wedding, choose a less expensive venue, or cut out extras like wedding favors and flowers. END