A wedding is one of the few life occasions that stay connected to the heart of people for a lifetime. As a result, couples are often willing to spend a considerable amount on their dream wedding. Nevertheless, taking out money from your savings to finance your wedding can lead to complications in your retirement plan and interfere with other important financial obligations like mortgage payments, bridging loans, etc. It is where wedding loans in Singapore come in to help.

A wedding loan finances the costs associated with your big day. It is an unsecured personal loan available at various financial institutions in Singapore and can provide up to $40,000. Those with a higher income level and good credit rating may be able to apply for a larger amount. The amount you can borrow could also be affected by any loans you have taken out previously. Consequently, it is crucial to ensure that your debt owed does not exceed 55% of your gross monthly salary.

One can use this loan to cover wedding expenses, including the honeymoon. Here’s what you need to know more.

Should I Get a Wedding Loan?

To decide whether taking out a wedding loan is the right choice, you must know the working, eligibility, requirements, and expenses covered by the loan.

How does a wedding loan work?

A wedding loan is a special type of loan for Singaporeans planning to tie the knot. Unlike other loans, you don’t have to put up any collateral to get a pre-approved line of credit.

To be eligible for a wedding loan, you usually need to be a certain age, have a steady income and be employed. Do note you will then have to pay back the loan in regular instalments over a fixed period.

List of Documents Required

To proceed, you must submit the following documents:

  • Copy of NRIC
  • IRAS Notice of Assessment
  • CPF statement
  • Billing address documents
  • Payslips for the last 3-4 months

One can apply for a wedding loan from most banks online, through mobile applications, or by visiting a financial institution.

Eligibility Criteria

To be eligible to apply for a wedding loan in Singapore, applicants must typically meet the following requirements:

  • Age: 21 to 60 years old
  • Minimum Gross Monthly Salary: $1,200
  • Type of Employment: salaried, contractual, self-employed.

What Costs Do Wedding Loans Cover?

It is essential to have an organized strategy before getting married. Let us analyze the expenses of a wedding that wedding loans can finance.

Wedding Reception

You can take a big sigh of relief – the first, and mostly the biggest cost a wedding loan covers is for the wedding reception. So it solves your financial issue with the most costly aspect of a wedding.

The cost of a wedding reception in Singapore can vary greatly depending on the taste of the couple, the chosen venue, the number of guests, and the wedding season. A table of 10 people can cost up to $1,200 at the most top-rated luxury venues. On the other hand, a wedding with 300 guests can cost around $100,000 at high-end hotels. Nevertheless, prices can be more reasonable depending on the venue and the number of guests.

Wedding Gown, Suit, and Make-Up

You and your partner dream to look your best on D-day. Thus, you want stunning attire and make-up that is nothing but flawless.

Here a wedding loan can help you. It covers the cost of outfits, suits, gowns, and photoshoots for your wedding party.

Prices for this package range from $2,000 to $6,000, depending on factors like the number of outfits, clothing type, cost, location, and the number of venues.

Wedding and Engagement Rings

The average amount spent on wedding bands in Singapore is between $3,000-$4,000. Even though some feel that the actual cost of the rings is not as meaningful as the thought behind them, others take wedding rings as a crucial representation of their commitment and love, and hence, spend extravagantly on costly jewelry. To be able to buy these extravagant rings, couples often resort to taking out wedding loans.


For Singaporeans with more traditional families, budgeting for Guo Da Li is a significant part of planning a Chinese wedding. This ritual is a symbol of betrothal and includes several gifts, the cost of which can be as high as $5,000. A wedding loan covers the cost of this ceremony.


A solemnisation at the Registry of Marriages usually costs less than $1,000. However, if you want a more extravagant ceremony with all the extras, you should expect to pay an average of around $5,000.

Honeymoon and Accommodation

Once you have said your vows for life, have walked down the aisle and celebrated your bond of love with your friends and family, it makes sense to take some time to relax with your soulmate and share some special moments – just the two of you.

If you are planning to save money during your honeymoon, there is a range of wedding venues in Singapore that offer stays for newlyweds. However, if you are looking to travel to a foreign land for a memorable honeymoon, you should expect to splurge anything between $8,000 to $10,000 – which, thankfully, is also covered in wedding loans.

In addition to these expenses, the wedding loan also covers for:

  • Car rental for the wedding
  • Pre-wedding photography session
  • Videography and photography for the wedding

Alternatives to Wedding Loan

The following are the alternatives to a wedding loan:

  • Budget and start saving in advance
  • You can reach out to your friends and family for financial assistance
  • Saving money until you’re able to afford the wedding
  • Prioritizing your expenses is also a great way to ensure that you’re not spending beyond your means

Advantages of Wedding Loan in Singapore

While there are options to explore before applying for a wedding loan, getting a wedding loan can help you the best to cover the major parts of your wedding expenses – here are some of the most obvious advantages.

  • Hassle-free wedding cost management
  • No bow down in front of demands of friends and family
  • Saves you money
  • Help you live your dream wedding
  • Get money in one go

So yes, you should consider getting a wedding loan to make sure your dream wedding is both beautiful and worry-free.

At Avis Money Lender, we are committed to providing you with the best wedding loan terms in Singapore, along with a reliable and trustworthy service. With just a few clicks using your Singpass, you can get a loan in as little as five minutes, and be well on your way to having the wedding of your dreams without any stress or hassle.

Contact us today to find out more about how we can help you make your dream wedding a reality.