Wedding Loan FAQs

We know that not everyone gets the best deal from their bank. That’s why we’ve chosen to do things differently.

What is a wedding loan?

A Shawbrook wedding loan is an unsecured personal loan that can be put towards the cost of your wedding.

Where can you get a wedding loan?

Shawbrook bank provide wedding loans. Loans are available from £1,000 - £35,000 over a 1-7-year term.

How does a wedding loan work?

A Shawbrook wedding loan is a type of personal loan which is an unsecured form of credit.

How do I get a wedding loan?

You can apply for a wedding loan on our website.

 

How much can we borrow with a wedding loan?

We offer loans from £1,000 to £35,000. The loan amount you can borrow will depend on your personal circumstances.

What can I use my wedding loan for?

You could use a Shawbrook wedding loan to help finance your wedding.

What is an online wedding loan?

This is a loan that you can apply for online. Usually the whole transaction including signing the agreement takes place online.

Do I need to have my wedding date set before applying for a wedding loan?

No, you do not need to have a wedding date set before you apply for a Shawbrook wedding loan.

What is the normal duration of your wedding loans?

The duration of a wedding loan will be dependent upon the term you have chosen. At Shawbrook, loan terms available are from 1 to 7 years. Loan terms are dependent on the amount you wish to borrow.

What is the interest rate of your wedding loans?

Our interest rate will vary depending on our assessment of your financial situation and chosen borrowing amount. We can provide a quote for a guaranteed personalised rate with no impact on your credit score.

Who is eligible to apply for a wedding loan?

We have some basic criteria which you’ll have to satisfy before we can consider your application. You must:

  • Be aged 21 to 75
  • Have been a UK resident for at least three years
  • Have an annual income of at least £15,000
  • Have a personal bank account in the UK

Will my details be confidential after I complete the wedding loan application?

Yes, all details supplied as part of your application will remain confidential and are protected under current data protection regulations.

What information must I submit as part of my wedding loan application?

To apply for a Shawbrook wedding loan, you will need to supply the following information:

  • Contact details
  • 3 years address information
  • Employment and income details
  • Bank account details

Is a wedding loan offer guaranteed?

At Shawbrook when you apply for a quote and if you are eligible, we offer a guaranteed personalised rate. Please note, there may be instances where you could be declined after you decide to accept the quote and proceed as a result of the information returned from the hard credit check that we carried out.

How long will it take before I receive the money?

If your loan application is successful, funds will be transferred into your account within 3 working days after we have received your signed loan documents.

I have changed my mind, what now?

You have the right to cancel/withdraw from your loan agreement within 14 days. You will then have 30 days to repay the funds

How and when do I repay my wedding loan?

A Shawbrook wedding loan is repaid in monthly instalments by direct debit. The terms of your Shawbrook personal loan are set out in your credit agreement. Refer to this document to find out when you are due to make your first repayment.

Can I repay my wedding loan early?

You can repay all or part of the outstanding balance of your loan at any time. Please note that an early redemption fee may be charged. If you can't repay your car loan, please contact us immediately on 0345 650 6290.

What if I default on my wedding loan?

Defaulting on your wedding loan will be recorded on your credit file for six years. This may make it harder to obtain new credit during this period. In addition to this we will take legal action against you to recover the debt.

If you are struggling to repay your wedding loan or can't repay your wedding loan, please contact us immediately on 0345 650 6290.

 

Who can I speak to if I have a question about my wedding loan?

For enquiries regarding wedding loans for existing customers, please call 0345 650 6290.