Best $10,000 Wedding Loans

Many couples decide to unite their destinies through marriage, being ready to spend their lives together till their last day. In 2019, the U.S. had 61.96 million married couples, an increase from the 40.2 million married couples in 1960. But one thing comes into play that all couples need to take into account before their wedding: the cost of it. If you want a perfect, fairytale wedding, it shouldn’t come as a surprise that you need to spend money to make this possible. How much does it cost, and where can you get your cash? A 10,000 wedding loan could be the solution.

How Much Does a Wedding Cost?

Weddings vary in price, depending on how big they are, for the most part. After all, a lot comes into the organization and unfolding of the wedding, so it only makes sense it would cost quite a lot of money. But how much does your average wedding cost?

Well, for a wedding, the average cost is going to be about $30,000. It’s a big sum of money, but it makes sense when you think of all the things you have to do. When planning a wedding, you will need to pay for the reception site rental, church/officiant fee, cake, dress and tux, photographer, flowers, food per person, open bar, a band or DJ, and many other things. This is what a normal wedding has, after all.

For this reason, whenever you need to calculate the costs of your wedding, they will keep adding up. And the thing is that even if you don’t want all these things, you may have relatives that want these at the wedding and will influence your decision. For every aspect on the list, as well as every guest, the cost will increase. In some cases, the dress will be very expensive, especially if it’s a very important aspect for you.

But not everyone can afford the average wedding. Even though you may want to have the time of your life, your funds might not allow you to do so. So, what can you do in this case? Of course, you can try trimming some of the items on the list so there are fewer things to spend your money on. At the same time, there are some things that you can do differently in order to save some cash.

For instance, the groom can wear a suit that he bought, instead of renting a tux. This will be much cheaper than renting a tux for that day only. You can also have someone in your family making the cake for you, instead of buying one. It will be much cheaper, and more special as well.

You can reduce alcohol costs by holding the reception in the early afternoon, and then follow it with an after-party. The bride’s dress can be bought from someone else who’s worn it already, and will only cost a few hundreds of dollars. It would be much better than spending more money than you could afford on the dress.

And since the rings are expensive as well, you can settle for a ring bought from an online jeweler. Usually, this might be a much cheaper option than getting it from a retail jeweler.

You don’t need to spend $30,000 for a nice wedding. In fact, you can have a wedding for only $10,000, and it will still be an unforgettable day. Even if you don’t have the money yet, you can get this amount of cash by borrowing a 10,000 wedding loan.

$10,000 Wedding Loan Options

Believe it or not, but there are actually many places that can offer you a wonderful wedding for only $10,000 – or better said, there are many lenders that offer this benefit. Of course, qualifying for a wedding loan might not be that easy, since not all lenders will actually trust you enough to give you $10,000, even if you meet the credit requirements. You can only get one of these loans if you have a score above the minimum one required.

In order to obtain a $10,000 wedding loan, you need to know your options, aka what lenders are available to offer you such a loan. To help you find the best lenders, we prepared a list for you.

Best $10,000 Wedding Loans

Recap: Best 10,000 Wedding Loans

• Stilt – Best for immigrants 
• Lightstream – Best for good credit
• Marcus – Best for good credit
• SoFi – Best for good credit
• Wells Fargo – Best for good credit
• Lending Point – Best for good credit
• Best Egg – Best for good credit

Methodology

Stilt considers a wholistic range of features when considering personal loan lenders, including, but not limited to: accessible customer service, reporting of payments to credit bureaus and financial education, flexible payment options, related fees, soft credit checks, and transparency of loan rates and terms. We also review consider the complaints filed with agencies like the Consumer Financial Protection Bureau. Stilt is not compensated in any way for our reviews and recommendations.

Tips for Throwing a $10,000 Wedding

If you want to know how to be able to throw a memorable wedding for only $10,000, then you have to know what to do to cut the costs and get here. You need to plan this wedding very well. With that being said, here are some tips for throwing that amazing wedding:

Know Where It’s Important for You to Splurge

Out of all the things that come into the organization of a wedding, there must be one that is more important to you than the others. For some, their dress/tux might be the most important aspect, while others prefer to spend more cash on their honeymoon than the actual wedding. Likewise, you may find it more important to spend money on the band than anything else.

Whichever it is that you prefer, it’s important to find the one thing important to you so you know where most of your cash will go. You can then save money on the rest of the things, being a much better option for a $10,000 wedding.

Be Strategic with Your Wedding Venue and Date

The date and venue for your wedding will also influence the overall costs of the big day. You usually see all these fairytale-like venues that are promoted everywhere, and you might be tempted to go there for your big day. But more often than not, these tend to be the priciest venues. You can also look for venues that are not advertised everywhere. Who knows, such a venue might make your wedding better than the expensive one you looked at first. If you also know someone that has a nice, suitable backyard for a wedding, you could also ask them if they’d be okay with offering up the space.

Also, the day of the wedding is important as well. You can pick a non-weekend day, which will make the wedding cheaper. Since most couples get married on weekends, weekend days can be pricier.

Take Advantage of Free Help

You certainly have some family members or friends who want to help you out. While you may not want to trouble them by asking them for help, you should consider it. They can help with decorations, cooking, and many other things and you can rest assured that some of the costs will go down. It’s a great way to save money, so accept all the help you can get.

Be as Practical as Possible as Often as Possible

It shouldn’t be a surprise that having a special cake made for the wedding will be extremely expensive, and you don’t want to spend too much on that. Sure, some people might find the cake the most important part, and that’s a different story then. But if you want to save some costs on the cake as well, you can do this very easily.

Nowadays, it’s very easy to find simple cakes, with different flavors, depending on your preferences. As for decorations, you can just get some from the dollar store and decorate the cake to your heart’s desire.

In the end, whether you get a custom cake made or get a cheap one from the store, it will still impress the guests, so it doesn’t really matter.

Skip the Dinner

Offering dinners is usually one of the things on the list when organizing a wedding. But dinners at hotels will be pricey and will increase the costs considerably. This is why you should save some cash by skipping dinner and offering something else. Having an afternoon wedding means that no dinner will be needed, and this won’t be rude to the guests either. Another thing you can do is to offer snacks instead.

Moreover, in case someone in your family is good at cooking, you could ask them if they could prepare the food – this will be much cheaper than hiring a caterer.

Rent or Buy Your Dress Off the Rack

Brides are way too focused on their dress and end up spending huge amounts on that alone. While your dress should grab the attention of everyone, you have to remember that it’s something you only wear once, and then never again. So, why spend an atrocious amount of cash on it?

Dresses can be bought from someone else for half of the price, or you could get a sample dress on sale, which is, again, much cheaper.

Conclusion

With the number of people who remarry is growing, it’s important to consider your wedding. At the same time, if you’re on a budget, you should think about ways to cut on the costs and spend less. Although a wedding can be very expensive, you can have yours for much cheaper, respectively $10,000.You can do so by considering less pricey options and cutting some things off the list. As for the funding, you can get a $10,000 wedding loan and have the wedding of your dreams. For more information about loans and how they work, take a look at the Stilt website.

Frank Gogol

I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.

See author's posts