Happily Ever After Starts With Our Wedding Loan

Getting married is one of life’s most joyful moments. Have the wedding of your dreams with a wedding loan in Singapore. We make “happily ever after” come true for you and your beloved with our fuss-free marriage loans.

What is a wedding loan in Singapore?

A wedding loan in Singapore is a type of personal loan that can be used to help you pay for the cost of getting married. Loans for weddings are unsecured loans — you do not need to pledge collateral in order to obtain one.

With our marriage loan in Singapore, you have the freedom to decide the type of wedding you want to have – small and intimate, large and grand, or something in between. And no matter what type of wedding and size of budget you have in mind, Cash Direct can help with the ideal loan for a wedding!

Why do you need a wedding loan in Singapore?

It’s easy to forget that weddings aren’t just about the wedding banquet. There are actually multiple expenses involved which can quickly add up to a figure that may exceed your savings — from the number of guests, activities, or the venue of your choice.

That’s why you might need a wedding loan in Singapore from a licensed lender like Cash Direct to help make up the shortfall in your savings, or increase your budget to accommodate the entirety of your wedding expenses.

How you can benefit with a wedding loan by Cash Direct

Quick loan application

We offer quick and easy online applications via our website. Be it through Singpass or via our simple form — apply for a marriage loan in Singapore at your convenience.

Flexible repayment terms

Wedding loans in Singapore usually come with personalised repayment options; from bespoke loan packages to flexible loan tenures.

Convenient lump-sum payment

Once approved, you will receive your wedding loan in a lump-sum payout. This makes it easier and more convenient for you to pay for your wedding expenses at your own schedule.

Affordable interest rates

Our wedding loans in Singapore come with competitive monthly interest rates, specifically at 2-4%, allowing you to repay loans within your financial capabilities.

Fast cash disbursement

We pride ourselves on being efficient and quick when it comes to loan disbursals — minimising the waiting time of receiving the necessary funds for your wedding expenses.

Don’t wait to enjoy wedded bliss. Apply now and get your wedding loan approved in minutes!

Frequently Asked Questions (FAQs) about wedding loans in Singapore

Who can apply for a wedding loan in Singapore?

To apply for a wedding loan, you will need to be:

at least 18 years old,
a citizen, PR or foreigner residing in Singapore,
gainfully employed
able to furnish your income proof (plus your partner’s income proof if you wish to borrow a larger loan sum)

What can I fund with a wedding loan in Singapore?

Loans for weddings can be used to pay for all sorts of wedding-related expenses, such as down payment for your wedding banquet, solemnisation ceremony fees, wedding photography and videography services, floral arrangements, and even your honeymoon.

How much does a wedding loan in Singapore cost?

Ultimately, how much your wedding will cost in total will depend on the choices you make. But safe to say, you can expect a wedding in Singapore to cost around S$20,000 to S$50,000 or more on average. Here’s a breakdown of the typical expenses in a wedding.

Wedding banquet: S$15,000 to S$30,000

The cost of wedding banquets depends on the venue chosen, the menu served, and the number of guests in attendance. Hotel packages would be the most expensive, but you can also choose to have your banquet at a restaurant as a less costly alternative.

Engagement or Wedding rings: S$3,000 to S$8,000

Diamond rings are priced according to size, cut, colour and clarity. Rings with nature-mined diamonds tend to cost the most, while lab-grown variants are less costly.

Solemnisation ceremony: S$1,000 to S$3,000

Besides registering your marriage with the Registry of Marriage, you are also required to hold a solemnisation ceremony. This involves engaging an authorised solemniser to verify every legal documentation and officiate the ceremony, ensuring that the two parties give their consent to the marriage, and facilitate the signing of the Certificate of Marriage. It is customary to offer a token sum to the appointed solemniser, as well as cater a reception for attendees.

Bride and groom package: S$2,000 to S$5,000

This covers the cost of renting bridal gowns and dresses for the bride, and tuxedos for the groom. Some packages may also throw in wedding favours, corsages or other minor items.

Wedding videography and photography: S$3,000 to S$5,000

Wedding photo and video packages include the production and editing of wedding photo shoots and videography of the wedding day from start to end, which is a labour-intensive process. Some vendors may offer make-up and styling services to go along.

Wedding dowry: S$800 to S$3,000

Dowries may consist of a token sum accompanied by various types of precious ingredients or traditional goods deemed to be auspicious. The value of dowries is customarily negotiated by both families beforehand.

Bridal hair and makeup: S$500 to S$2,000

Many brides choose to engage a specialised bridal stylist to provide hair and make-up styling throughout the wedding day, which can add up if this service extends to bridesmaids and mothers.

Wedding bouquet and floral decorations: S$300 to S$2,500

Flowers are customary during weddings for the symbolism they carry — which ranges from a wedding bouquet, car decorations, floral decor for the reception venue, to so much more.

Rental car: S$500 onwards

The cost for wedding rental cars increases if you choose a luxury make or model. Renting more cars will also increase the cost.

Honeymoon: S$5,000 to S$10,000 or more

Ultimately, the cost of your honeymoon depends on the country you go to, the type of accommodation booked and the length of your honeymoon trip.

What are the requirements for a wedding loan in Singapore?

Singaporeans

NRIC or Passport number
Recent 3 months computerised payslip, latest 3 months CPF statements, or latest Income Tax Statement for salaried employees.
For self-employed individuals: Last 2 years’ Income Tax Statements

Foreigners

Passport
Work Pass within validity period
Proof of residence (eg, home rental contract, mobile phone bill, or latest bill for utilities)
Latest payslips for the past 3 months
Appointment Letter from your current employer
Bank Statement with salary crediting

Please note that you will be required to submit supporting documents to verify the above.

How much can I borrow on a marriage loan in Singapore?

How much you can borrow for your marriage loan in Singapore depends on your income level and residency status.

Under prevailing regulations, the maximum you can borrow on a marriage loan is six times of your monthly income.

Is there a minimum income requirement to apply for a wedding loan?

No, there is no minimum income requirement when applying for a wedding loan. However, how much you can borrow depends on your income level, as follows:

Singaporeans and PRs

Annual income under S$20,000: Maximum loan of S$3,000
Annual income S$20,00 or above: Loan up to 6x monthly income

Foreigners residing in Singapore

Annual income under S$10,000: Maximum loan of S$500
Annual income between S$10,000 and S$20,000: Maximum loan of S$3,000
Annual income S$20,000 or more: Loan up to 6x monthly income

What is the interest rate on a marriage loan from Cash Direct?

Our marriage loans are competitively priced at between 2% and 4% per month.

How fast can I receive my wedding loan?

Your wedding loan will be approved within 30 minutes or less. You will need to pay a visit to our Cash Direct office to sign the loan contract, after which your wedding loan will be disbursed to a bank account of your choice or in cash. All in all, is it possible to receive your loan within the same day of application.

I don’t have a good credit score. Can I still get a wedding loan from Cash Direct?

Yes, you can! We do not require our borrowers to have a good credit score, and we also do not carry out stringent credit checks like those that banks do. Instead, we’ll check on your borrowing limits via your Loan Information Report. Note though, that as loans for weddings may involve high sums, applicants should ideally have full-time employment to ensure their ability in managing loan repayments.

How to apply for a wedding loan in Singapore?

Step 1: Apply for your wedding loan online.

Step 2: Receive instant approval.

Step 3: Visit our office to sign your loan contract and receive your loan.