What are the costs associated with a wedding, and how to get a loan to cover them

A wedding is a unique and unrepeatable event, but also one filled with small and not-so-small details that can cause the costs involved to skyrocket. This means that when organizing a wedding it is important to be aware of all of the elements and costs that the budget must include. There are couples who do not want to skimp on anything or overlook the slightest detail on their big day. For couples like this, there are specific loans via that will help them with the difficult task of organizing a wedding.

When a couple begins to plan their wedding, they may run into various expenses that they had not previously considered, and which can increase their costs until the event has unexpectedly gone way over budget. Having to pay this extra money can put a damper on the happiness and bliss that should be experienced by those taking this major step in life. Instead, the wedding can end up creating problems and headaches that could diminish anyone’s enthusiasm for saying “I do”. 

What elements must be included in the budget for a wedding?

What elements must be included in the budget for a wedding?


The first thing any couple should do when beginning to plan their wedding is prepared two different funds. One is for the general costs and the second is for any unforeseen expenses that could arise. Although this may seem like an excess of caution, an event of this size always comes with some last-minute surprises. Just to give an example, if the reception is held outdoors there is a chance that it could rain… and renting a tent at the last minute is not cheap. These are the kind of costs that the fund for unexpected expenses will cover as well. Any wedding, whether civil or religious, can produce some unexpected administrative costs.

However, if in the end, no additional costs have arisen, you can use the money you had set aside to help pay for the general, expected costs. And if these are already covered, then congratulations! A little extra money is never a bad thing.

On the other hand, the fund used for general costs will have to cover many different elements, which include:

  • Catering: the wedding banquet usually represents the largest cost within the final budget. It is calculated that Spaniards spend around €15,000 on food and drinks for an average of 100 guests.
  • Invitations: these may seem somewhat trivial, but the invitations are like the letter of introduction for the wedding, and they must reflect the style of the bride and groom as well as the style of the ceremony. Will it be a wedding with strict etiquette observed, or something elegant but casual, or at the beach, etc? The best approach is to hire a professional, and that costs money.
  • Photography and video: ensuring that you will have a professional-quality reminder of that magic day will not be inexpensive. There are many wedding photographers available on the market, and it is a good idea to take some time to shop around in order to choose the most suitable photographer at the right price.
  • The wedding dress and suit: These days wedding dresses have become “democratized”, and there are now several brands that have launched more affordable lines. Nevertheless, a wedding dress has never been known as an inexpensive item. The suit worn by the groom can also represent a significant expense, although usually to a lesser extent.
  • Music and other extras: everyone will appreciate special music during the ceremony and dancing for the guests afterward, or a good DJ during the banquet.

How can you get a loan to finance a wedding?

How can you get a loan to finance a wedding?


Although recent studies are showing a trend towards more restrained wedding budgets, the amounts continue to be sufficiently high that it may be difficult in many cases to come up with all of the funds at once. If this is the case, then relax. Financial institutions have two mechanisms available for addressing this problem.

The first solution is represented by what is known as “wedding accounts”. In reality, these are just checking accounts or savings accounts, but where guests can deposit money in order to help cover the wedding budget for the couple getting married. If the idea is to keep the money in the bank for a while, the smartest approach would be to use a savings account.

The second mechanism is to request a specific loan to pay for the wedding. BBVA has a “weddings” section in its loan simulator. This simulator is very easy to use; you just need to select the amount of the loan (from €3,000 to €75,000) and the amount of time you will need to repay it. You can also use this online simulator to view the terms and conditions for the loan, without any type of commitment. As far as eligibility for applying for this type of loan, it should be sufficient for the couple to demonstrate the solvency required in order to repay the amount borrowed, plus the agreed-upon interest.

If you have any additional questions or uncertainties, you can always contact BBVA via any of its channels, so we can assist you with all of your questions related to requesting a wedding loan and the associated terms and conditions.