As you plan for your wedding, the last thing you want to worry about is money.

If you have bad credit, getting a wedding loan in Singapore can be a daunting task, one that heightens your stress levels despite this exciting phase of your life.

But with the right guidance and knowledge, it can be possible to get a wedding loan even if you have less-than-ideal credit scores.

In this blog post, we’ll provide helpful tips and advice on how to find financial institutions willing to finance your special day without having too much of an impact on your current finances.

So read on to learn more about how to get a wedding loan with bad credit in Singapore.

What Is A Wedding Loan?

A wedding loan is a type of personal loan that’s specifically designed for couples to help them pay for their wedding expenses.

It’s vital to note that wedding loans are typically short-term, meaning you’ll have to pay the loan back within a certain period of time. The loan amount and interest rate can vary depending on your credit score.

However, these strict conditions usually apply to marriage loans in Singapore disbursed by banks. Licensed money lenders tend to have lenient requirements.

How Much Money Will You Need For Your Wedding?

Before applying for a wedding loan, it’s crucial to have a clear picture of how much money you need and how long you’ll need to pay it back.

First off, create a budget for the wedding and figure out how much you’ll need. Think of all the expenses you’ll have to pay, such as the wedding rings, the outfits, venue, photographer, caterer, music, and decorations.

Once you have an approximate amount in mind, it’s time to start looking for a lender.

In most cases, people have reported spending anywhere between $30,000 to $50,000 on their weddings. Of course, this could vary depending on the size and type of wedding you’re looking to have.

Advantages Of A Wedding Loan

Wedding loans can be lifesavers for couples who want to get married without spending too much of their own money.

With a wedding loan, you won’t have to worry about draining your savings or getting into debt, as you’ll be able to pay off the loan in installments over a fixed period of time.

Here’s how a wedding loan can help you:

  • You can get a large sum of money for your wedding.
  • You’ll have more flexibility when it comes to repayment terms.
  • You can spread out the cost of your wedding over a longer period of time.
  • No collateral or security is required.
  • You can get approved for a loan even with bad credit.
  • You don’t have to feel like you owe your family or friends anything for lending you money.

Moreover, if you’re getting it from a licensed money lender, it’s even possible to get it on the same day that you apply.

How To Get A Wedding Loan With Bad Credit

If you have bad credit, then getting a wedding loan from a bank could be difficult.

In such cases, it’s best to work on improving your credit score first. Here are a few ways you can do that:

  • Make sure to pay all your bills on time.
  • Pay off any outstanding debts or loans that you may have.
  • Check your credit score regularly to make sure there are no errors.

Besides the above, you can also try applying for a smaller loan to increase your chances of getting a loan.

Still, if you’re unable to get a loan from the banks, then your best option would be to opt for a loan from a licensed money lender.

Money lenders are more likely to approve you even with bad credit as long as you have some form of income and can prove that you’ll be able to repay the loan.

Moreover, they have shorter application review periods and can disburse the loan on the same day.

Where And How To Apply


Most banks offer wedding loans that come with competitive interest rates and flexible repayment terms. However, due to the stringent requirements they have in place, it can be difficult to get approved for a loan if you have bad credit.

Banks usually require you to:

  • Be a Singaporean or permanent resident
  • Be at least 21 years of age
  • Have a good credit score

In addition, you must present:

  • Proof of employment
  • Proof of identity (NRIC)
  • Payslips or bank statements

Note: If you already have a bank credit card, you may use it as a wedding credit card.

Licensed Money Lenders

If you can’t get approved for a bank loan due to your poor financial standing, then you may want to consider applying for a loan from a licensed money lender.

Money lenders tend to have more lenient eligibility requirements, and they also don’t require security or collateral for the loan.

Once you’ve decided on the loan type that works best for you, it’s time to start comparing lenders and get the best deal possible.

Be sure to read the terms and conditions of each loan carefully before signing up, as this will help ensure that you don’t get into a financial bind later on.

Which Bank Is The Best For A Marriage Loan?

You can get a wedding loan in Singapore from the following banks*:

  • DBS Personal Loan
  • UOB Personal Loan
  • HSBC Personal Loan
  • POSB Personal Loan
  • OCBC Extra Cash Loan
  • Standard Chartered CashOne Personal Loan
  • Citibank Citi Quick Cash Loan (new customer)
  • Citibank Citi Quick Cash Loan (existing customer)

If you’re looking for the longest repayment time, HSBC might be your best shot, as they allow three to seven years to repay your loan. Plus, they have one of the lowest interest rates (3.4%) among all of the above.

Or if you want an incredibly large loan amount, the Standard Chartered CashOne Personal loan would suit you the best. They allow a sum of $250,000 to be borrowed at a similar interest rate (3.48%).

Ultimately, each bank is different from the others in terms of interest rates and repayment terms, so it’s important to compare all the available options before you make a decision.

But again, all of these banks would require a good credit score, which might be a problem for you.

*Information correct at time of publishing

Getting A Wedding Loan With Bad Credit Is Possible

Getting married is an exciting time, but the expenses that come with it can be stressful. This is why a wedding loan can be such a great help.

And yes, getting a loan for your wedding is definitely possible – even if you have bad credit.

Our loan officers at Lending Bee will be more than happy to assist you in finding the loan that best fits your needs. We will show you how to get a wedding loan with bad credit.

Contact us now or apply for a loan today and get the money you need to have the wedding of your dreams.

About Ashley Sim

Calling herself a “professional multi-tasker”, Ashley worked as a relationship manager in a bank for five years. She left her job just before the pandemic happened and became a freelance writer for about a year. Now, she’s making the most of her love for writing and knowledge of the banking and financial industry in her role as a content marketing lead. She hopes to help people make better financial decisions through her content and campaigns.