About to tie the knot? See how you can finance your honeymoon and compare loan options.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Getting married can be very expensive, but it's also one of the most important events in your life. Along with the wedding itself, your honeymoon is a once-in-a-lifetime experience and likely to be one of the best holidays you'll ever take, so you may not want to spare any expense.
If you need funding for your honeymoon, see how you can get a loan and compare your options now.
Compare personal loans for your honeymoon
How can I finance my honeymoon?
If you're looking to fund your honeymoon, you can use a personal loan to pay for any related expenses. Most personal loans can be used for any worthwhile purpose, including travel or holidays, which means you should be approved for an unsecured personal loan for your honeymoon, provided you meet the lender's eligibility criteria.
Most personal loans let you borrow from $1,000 with a loan term of 1–7 years. You will receive the funds once you have been approved, which you can then use to pay for your honeymoon, including flights, accommodation and any other expenses. You will then make regular repayments until you have paid off the loan amount, as well as any interest.
Things to consider before you apply
How much do I need to borrow?
It is important to only borrow what you need to avoid paying unnecessary interest on your loan. You should therefore prepare a budget to understand the honeymoon costs you will need to cover before you apply for a loan.
Working out your budget
According to ASIC's Moneysmart, the average wedding costs $36,200 and 60% of couples use a loan to help cover the costs. If you're trying to finance both your wedding and honeymoon, you may be faced with taking out a large loan and it's therefore worthwhile to try and limit your costs where possible. You should keep the following in mind to help keep your costs down.
- Start planning early. The earlier you start preparing for your wedding and honeymoon, the more likely you are to lock in a cheaper rate.
- Book out of season. You can generally save money on both your wedding and honeymoon if you plan them outside of the traditional peak seasons.
- Look out for special offers. Many travel companies may offer honeymoon package deals and you should also keep your eye out for sales on flights and accommodation.
Can I afford the loan?
It can be easy to get carried away when planning a holiday, especially one as significant as your honeymoon. As with any loan product, you should have a clear idea of how you will repay it and never borrow more than you can afford. Use the calculator below to help determine how much you may be able to borrow on your budget.
Loan Repayment Calculator
How do I apply for a honeymoon loan?
Once you have found the loan that best suits your needs, you will need to apply with the relevant lender. Click "Go to site" in the table above and follow the instructions to begin your application.
In order to be eligible for a personal loan, you will need to meet the following criteria:
- Be over the age of 18
- Be an Australian citizen or permanent resident
You will also need to provide further personal and financial information as part of your application, including your employment situation, credit history and any other debts, assets or liabilities.
What are my other options?
Line of credit. A personal line of credit gives you access to an agreed credit limit, which you can then use when and as you wish. Unlike a normal personal loan, you only pay interest on the amount you have used and can continue to access the funds on an ongoing basis as long as you continue to repay what you use.
Credit card. You can also use a new or existing credit card to cover the cost of your honeymoon, depending on your credit limit. You're generally charged a higher interest rate on a credit card than on a personal loan, so again it's important that you're able to pay back the credit you use.
More guides on Finder
Mortgage interest rates hit new low – what’s the catch?
A big 4 bank has slashed up to 0.90% off their variable rate home loans, bringing mortgage interest rates down to new lows. But what's the catch?
Finder Daily Deals: The 5 best online deals in Australia today
Today's best Finder Daily deals include: 25% off Fitbit fitness trackers, 20% off everything at Lenovo, $200 off Ecovacs Deebot robovacs.
Binance Futures guide: How to trade BTC, ETH and more
Learn how to trade futures contracts on Binance with this visual step-by-step guide.
A guide to property flipping for investors
How savvy investors are flipping properties for profit.
What is Yearn Finance?
Learn how to use DeFi aggregator Yearn Finance to earn interest on your cryptocurrency.
Best multi-tools in Australia
If you’re looking for a versatile tool to tackle a wide range of odd jobs around the house, we’ll help you find the best multi-tool for your needs.
Best circular saws in Australia
If you’re searching for the best circular saw, we’ve found the right saws for your needs.
Binance vs Coinbase: Which is best for you?
Binance and Coinbase are two titans of cryptocurrency – let's see how the two stack up and find out which suits your needs.
He’s a bit of a fixer-upper: 4 in 5 first home buyers intend to renovate
First home buyers are getting practical with different tactics to enter the property market, according to new research by Finder, Australia’s most visited comparison website. A new survey has revealed that 1 in 5 (22%) first home buyers plan to renovate immediately after purchasing. Finder shares tips for sticking to your renovation budget.
Haggle Hatred: 2 in 3 Australians prefer not to bargain when they buy a car
More than two-thirds of Australians are at risk of getting ripped off when buying a new car, according to startling new research from Finder, Australia’s most visited comparison site.
Personal Loan OffersImportant Information*
You'll receive a fixed rate between 6.99% p.a. and 24.79% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
You'll receive a fixed rate of 10.5% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
Ask an Expert