Work out a wedding budget and what borrowing part of it would cost
Updated October 2026Built and checked by MaverickHow it's calculatedReport an error
Net loan needed
$15,000
after $15,000 contributions
Monthly repayment
$484
over 3 years
Total interest
$2,424
cost of borrowing
Total loan cost
$17,424
principal + interest
What you contribute up front, and what's left to borrow. The smaller the loan, the less interest you pay.
Shorter terms mean higher repayments but less interest. The highlighted bar is your chosen term.
The repayment at rates up to 2 points either side of yours.
Interest is the cost of having the money now instead of saving for it first.
Planning a wedding and wondering whether to borrow for part of it? This works out how much you'd need, what the repayments would be, and what the loan adds to the total cost.
As of 7 November 2026, the lowest personal loan rate is 5.80%, from Plenti Personal Loan, while the typical best across 68 institutions is 7.96%.
Sophie and James are planning a $25,000 wedding with $8,000 saved and $7,000 from family. A loan at 9% over 2 years would cover the rest.
They'd borrow $10,000: $457 a month and $964 of interest over 2 years.
Amit and Priya are planning a $60,000 wedding with $20,000 saved, borrowing the rest at 10% over 5 years.
A $40,000 loan costs $850 a month and $10,993 of interest over 5 years. Trimming the budget or saving for longer would cut both.