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Best Honeymoon Loans in 2022

Need to finance your dream honeymoon? Here's what you need to know.

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Whether you plan to have a small, intimate ceremony or the wedding of the century, there’s no denying the pressure that comes with planning your Big Day. For many couples, the honeymoon is the cherry on top, allowing you to unwind, relax with your new spouse, and enjoy the newlywed life for a few days. 

As with all things wedding-related, planning a successful honeymoon doesn’t always come cheap. And depending on how much your wedding costs and what you can afford to spend on a romantic getaway, you may find yourself looking for honeymoon loans or wedding loans to cover the cost. But what does a honeymoon loan offer and how can you find one?

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Best Loans for Honeymoon Financing

Loan results will vary based on creditworthiness, loan purpose, loan amount, and other factors.


  • Loan Amount: $1,000 – $50,000
  • APR Range: 7.96% – 35.97%
  • Loan Terms: 2 – 7 years
  • Credit Score: 560 or higher

Upgrade offers flexible terms for personal loans and is accessible to borrowers with less-than-stellar credit profiles.

  • Accessible to borrowers with bad credit
  • Flexible loan terms
  • Joint applications allowed
  • Direct payment to creditors
  • Secured loan options
  • Has origination fees from 1.85% to 8%
  • No physical branches
  • Higher APRs than some competitors

Upgrade offers personal loans up to $50,000 for qualifying borrowers and is accessible to those with not-so-ideal credit scores. The low loan minimum of $1,000 also makes it an easy choice for those with small financing needs. However, borrowers in certain states will be subject to higher minimum loan amounts. If you live in Massachusetts, Upgrade’s minimum loan amount is $6,400.

While other lenders may offer longer repayment terms of up to 144 months, those are typically reserved for certain loan purposes. Upgrade has repayment terms of 24 to 84 months for eligible borrowers, no matter what expense you’ll be covering. This flexibility can be useful, especially if you’d prefer a longer timeframe to pay off your loan. 

With this lender, you can expect to pay an origination fee between 1.85% and 8%. Borrowers can view their rate before applying without impacting their credit score. 

Overall, Upgrade is worth considering if you’re looking for a lender that offers multiple banking products and loans with competitive rates and flexible terms.


  • Loan Amount: $1,000 – $50,000
  • APR Range: 6.50% – 35.99%
  • Loan Terms: 3 – 5 years
  • Credit Score: 300 or higher

Using artificial intelligence to help evaluate borrowers, Upstart is a unique lending platform that looks beyond your credit score for personal loan approval.

  • Considers factors beyond your credit score in lending decisions
  • Loans up to $50,000
  • Fast funding time
  • No physical locations
  • Limited repayment terms
  • Has origination fees of 0% to 10%

Upstart is a first-of-its-kind online lending platform that uses artificial intelligence to help make smarter lending decisions. This means the company considers factors beyond a borrower’s credit score to help determine creditworthiness. Upstart indicates its model has resulted in 43% lower rates for borrowers than traditional credit score models.

Beyond your credit score, Upstart will also look at your employment history, income, and level of education when deciding whether to approve you for a loan. it states that borrowers with credit scores as low as 300 might be able to get approved for a personal loan, though that loan may come with a relatively high APR. 

Those seeking a personal loan can borrow up to $50,000 and as little as $1,000. While its repayment terms of 36 or 60 months are fairly limited compared to other online lenders, its rates are fairly competitive and loan funds are disbursed as soon as one business day after approval. In addition, this lender charges origination fees of 0% to 10%, so it’s important to read the fine print before applying.

Marcus by Goldman Sachs

  • Loan Amount: $3,500 – $40,000
  • APR Range: 6.99% – 24.99%
  • Loan Terms: 3 – 6 years
  • Credit Score: 660 or higher

Personal loans offered through Marcus by Goldman Sachs come with unique features, such as no fees, rewards for on-time payments, rate discounts, and the ability to change your due date.

  • No fees
  • On-time payment reward lets you skip a monthly payment
  • Autopay rate discount
  • Can change loan due dates
  • No physical locations
  • Can take up to three days to disburse loan funds

Personal loans from Marcus feature no fees, and eligible applicants can borrow up to $40,000. APRs are competitive, ranging from 6.99% to 24.99%, and repayment terms range from 36 to 72 months.

These personal loans come with some notably unique features. Those who make consistent on-time payments are rewarded with the ability to skip a month. If you make 12 consecutive monthly payments, you can skip a payment for one month without interest won’t accrue during that time. Marcus will simply extend your loan term by a month. Borrowers can also benefit from an autopay discount that will apply a 0.25% APR reduction when enrolled.

To get approved for a Marcus personal loan, you’ll likely need a credit score of at least 660. 


  • Loan Amount: $5,000 – $100,000
  • APR Range: 5.99% – 21.49%
  • Loan Terms: 2 – 12 years
  • Credit Score: 660 or higher

LightStream is an online lender offering no fees and low-rate personal loans for several purposes.

  • Relatively low APRs
  • No origination fees, no late fees
  • Personal loans up to $100,000
  • Autopay discount
  • Joint applications allowed
  • No physical branches
  • Rates and terms vary by loan purpose
  • No soft pull prequalification

Lightstream is Truist’s online lending division, formed in 2019 after SunTrust and BB&T merged. Offering personal loans for several purposes, including debt consolidation, medical expenses, home improvement, weddings, car purchases, and more, LightStream could be worth considering for those seeking flexibility. 

The lender offers relatively low rates compared to competitors, including autopay discounts. Eligible borrowers can get approved for personal loans from $5,000 to $100,000, and loan terms range from 24 to 144 months. Of course, the rate and term you get will depend on the specific loan purpose.

Its personal loans also have no origination fees, which can help keep borrowing costs low. However, borrowers will likely need a credit score of 660 to get approved for a Lightstream personal loan. 

Overall, it’s a good lender to add to your shortlist if you’re looking for flexible funding, no fees, and a low APR. Lightstream may also disburse loans as soon as the same day you’re approved, making this lender a decent choice if you need fast funding.


  • Loan Amount: $2,000 – $40,000
  • APR Range: 6.99% – 35.99%
  • Loan Terms: 3 – 5 years
  • Credit Score: 640 or higher

Prosper is an online lending platform offering fast funding for personal loans and the option to apply with a co-borrower if your credit isn’t stellar.

  • Can change your loan payment date
  • Option to apply with co-borrower
  • Next-day funding available after approval
  • No physical branches
  • Has origination fees of 2.4% to 5%

Founded in 2005, Prosper is an online peer-to-peer (P2P) lending platform offering personal loans, HELOCs, and credit cards. Because it’s P2P, Prosper works slightly differently than other non-P2P lenders. Borrowers sign up and are assigned a Prosper Rating based on their creditworthiness, and investors can choose whether or not to fund them after viewing their loan listing.

Eligible borrowers seeking personal loans can get up to $40,000 through Prosper with 3- or 5-year repayment terms. Borrowers can expect to pay an origination fee of 2.4% to 5% depending on their Prosper Rating. Funding can be available as soon as the next business day after approval of the loan, making it a solid option in emergencies.

Fortunately, if your credit isn’t stellar, Prosper offers the option to apply with a co-borrower, which could improve your chances of getting a better rate.

The post-wedding honeymoon trend

According to a recent survey from The Knot, the average couple spent about $28,000 on their wedding in 2021. However, after paying for the cake, photographer, and caterer, those couples then turned around and spent an average of $4,600 on their honeymoon.

Of those who book a honeymoon, 42% of couples plan a trip longer than a week. And depending on where you travel, where you stay, and what you do when you get there, that honeymoon can easily cost you thousands of dollars on top of what you spent on your wedding. If you cannot pull that kind of money from your existing savings, you may need to consider postponing your honeymoon or borrowing the funds you’d need.

Enter the honeymoon loan.

What Is a Honeymoon Loan?

A honeymoon loan is an unsecured personal loan intended to cover honeymoon-related expenses. These loans are offered by any number of financial institutions, such as banks, credit unions, and online lenders.

As long as you meet the lender’s eligibility requirements, you can take out a small honeymoon loan to pay for a quick staycation, or a big loan to cover the trip of your dreams.

What Can a Honeymoon Loan Pay for?

champagne on balcony

Since a honeymoon loan is just a personal loan, there aren’t many restrictions on how you can spend the money. Illegal activities and gambling aside — which most personal lenders prohibit — you can use this loan to cover a range of honeymoon costs, such as your:

  • Transportation expenses (flights, rental cars, cruises, Ubers, and more)
  • Accommodations (the Honeymoon Suite isn’t cheap!)
  • Meals and drinks (romantic dinners on the beach or poolside snacks)
  • Experiences (couples massage, anyone?)
  • Adventures (from horseback riding to surf lessons)
  • Souvenirs

Honeymoon Loan Requirements and Eligibility

Each lender sets its own personal loan qualifications and eligibility, so there are no across-the-board requirements. 

You will generally need good credit and strong credit history to qualify. In addition, your lender may set a minimum FICO score requirement, and may have a minimum income threshold for applicants. These factors could also determine how much you can borrow and how long you’ll have to repay the loan.

If you don’t qualify for a honeymoon loan on your own or have bad credit, you may need to apply with a creditworthy co-applicant or co-signer (such as your soon-to-be spouse!). Adding a co-borrower to the equation can sometimes improve your approval chances, unlock lower interest rates, or give you access to larger loan limits.

How to Choose the Right Honeymoon Loan

There are many lenders and options to choose from any time you’re shopping for a new personal loan. Here are some of the most important factors to consider, which will help you choose the right honeymoon loan.

  • Loan amount. Each lender sets its own minimum and maximum loan range. So if you are only budgeting $3,500 for your honeymoon and a certain lender’s loan minimum is $5,000, you may want to keep shopping around. Setting a honeymoon budget also helps you avoid overextending yourself and getting a loan that you can’t afford.
  • Funding turnaround. Some personal lenders offer loan funding as quickly as the same or next business day after approval. If you need the money fast, consider whether one of these fast-funding lenders is the right choice for you.
  • Monthly payments. Your loan term will determine how long you have to repay your honeymoon loan and how much your monthly payment will be along the way. Your monthly budget may dictate how long of a loan term you need, and which lender can best meet that need.
  • Cost of the loan. The total cost of your honeymoon loan is a combination of how much you borrow, how long of a loan term you choose, the interest rate you’re offered, as well as personal loan fees. For this reason, some lenders may cost you more than others.
  • Your eligibility. You may be required to have a minimum FICO score or specific annual income to qualify with certain lenders. If you don’t meet these requirements, you’ll need to keep shopping around for a different lender or add a co-borrower to the loan.

How to Apply for a Honeymoon Loan

Applying for a honeymoon loan is as simple as applying for a personal loan.

  1. Decide how much you need to borrow. How big of a honeymoon loan you need is determined by the trip you’re planning and what you should reasonably be spending. Spend time adding up potential costs so you know what you need to borrow.
  2. Determine what you can afford monthly. Remember that you’ll be paying off your new loan for the next few months, if not years. Therefore, it’s important to consider your monthly budget to choose the right loan amount and repayment terms.
  3. Start shopping around for the best loan. Now it’s time to see what’s out there in terms of loans. Consider plugging your loan preferences into an aggregator, which will match you with loan options from several lenders. This way, you can see which lenders will meet your needs.
  4. Get pre-qualified. If possible, get pre-qualified for one or more loans. This usually involves a soft pull of your credit (which won’t hurt your score!) and can tell you approximately how much you’ll be eligible to borrow and at what rate.
  5. Compare your different loan options. Once you have a few lenders and honeymoon loans lined up — and know what rates are being offered — it’s time to decide on the right one. Ideally, you’ll want to choose the lender with the lowest possible rates and repayment terms that fit your budget.
  6. Formally apply for the best loan. Now it’s time to apply. The lender will conduct a hard inquiry on your credit, at which time they can offer you your final interest rate and loan terms. If you’re happy with the loan, sign your agreement.
  7. Provide any necessary documentation. Your lender may need you to provide proof of identification and employment, bank account information, personal information (including address, social security number, date of birth, and email), and more. You can usually upload this info to the lender’s portal, fax it, or send it in an email.
  8. Get your loan funded. Once everything is approved and signed, it’s time to get your loan! Depending on the lender, you might have your loan funded that same day or the next business day, often as a deposit into your chosen account. You can then use that money to book flights, pay for hotels, or begin planning excursions with your loved one. 

Don’t forget that once you received your loan, you should make sure you keep up with monthly payments to avoid defaulting on a loan. Consider putting your payments on autopay or setting a monthly calendar reminder for yourself.

Alternatives to Honeymoon Loans

couple at fancy hotel

While honeymoon loans can be one option for covering those hefty post-wedding travel expenses, they aren’t right for everyone. After all, they are still a loan, which involves interest charges and will likely take you years to repay.

Rather than starting your new married life in debt, there are some alternatives you might also want to consider.

Start a Honeymoon Registry

Don’t need a new toaster or cutlery? Consider registering for honeymoon expenses instead of the usual wedding registry items. Sites like Honeyfund allow you to solicit cash from your wedding guests and loved ones, without the icky feeling that comes with asking for cash. 

Guests can instead “fund” a romantic dinner, contribute to your airfare or gift you surfing lessons in Mexico. In reality, you’ll get cash to spend on whatever you want.

Use Credit Card Rewards or Points 

Credit card travel rewards can allow you to rack up points that you can then use to pay for a honeymoon or vacation. You’re probably already spending money hand over fist for your Big Day; using a rewards credit card where you can earn valuable rewards and introductory bonuses which can result in big savings. 

With some cards, you can redeem those points or miles for discounted travel, such as flights, cruises, rental cars, and hotel stays.

Don’t forget that you can even take advantage of opening a credit card with a big sign-up bonus to maximize your reward earnings. If you’re not sure you can hit the required minimum spending, here are some tips to help you reach that shiny bonus.

Should I Get a Loan for My Honeymoon?

When you’re spending $8,000 on a caterer and $3,000 on a photographer, it can be easy to chalk your honeymoon up to just “one more” expense on the list. However, this trip can be very costly for many couples and, if you use a honeymoon loan to pay for it, can put you in debt for the first few years of your marriage.

A honeymoon loan may make sense if you’re able to lock in a competitive interest rate, or if you plan on paying off the loan ahead of schedule (but be sure to check whether a prepayment penalty applies!). Honeymoon loans might also be right for you if your only option is paying with a high-interest credit card that may cost you even more in the end.

However, you may want to reconsider taking out a honeymoon loan if you can cover the cost of your trip with savings instead. Or, for some couples, it can make more sense to postpone the honeymoon until they can save up enough money for a debt-free trip.

Whichever way you’re leaning, be sure to do the math and consider all of your options before moving forward. As convenient as loans may be, they are an added cost on top of an already-costly phase of life.


Can a honeymoon loan be used to pay for wedding expenses?

A honeymoon loan is essentially just a personal loan that you use to pay for honeymoon-related expenses. You can take out enough money to cover certain wedding or personal expenses, too, if you do wish. Just be sure to note the cost of borrowing this money and how that affects your overall wedding expenses.

Will getting a honeymoon loan affect my credit score?

Any time you shop around for and/or take out a new loan, you can expect it to affect your credit score. Hard inquiries can ding your score for a few months, though the impacts are usually pretty minimal. Adding a new debt to your credit can increase your debt-to-income ratio and lower your average age of accounts. As you pay off that loan on time each month, you may find that it actually helps build your credit history (and score) positively.

How much can you borrow with a honeymoon loan?

Your honeymoon loan limits depend on the lender you choose and your own eligibility, as you’ll need to meet income and minimum credit score requirements. Some lenders will let you borrow up to $10,000 while others have maximum limits of $100,000 or more.

While we work hard on our research, we do not always provide a complete listing of all available offers from credit-card companies and banks. And because offers can change, we cannot guarantee that our information will always be up to date, so we encourage you to verify all the terms and conditions of any financial product before you apply.

Stephanie Colestock
Stephanie Colestock
Stephanie is a recognized freelance writer with more than nine years' experience in the personal finance industry. Her work can be found on publications like CBS, Fox Business, MSN, Yahoo! Finance, and Kiplinger, where she specializes in writing about loans, insurance, credit and debt, real estate, and retirement investing. She graduated from Baylor University and is now based in the DC area, where she lives with her husband and kids.

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