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Top Personal Loans for Planning a Wedding in 2022

Planning a wedding comes with a substantial financial obligation, which may not be available later. According to statistics, married couples in the Philippines were 29 and 27 years old for males and females, respectively. 

Median age of registered marriages in the Philippines between 2019 and 2020 by gender

Link: https://www.statista.com/statistics/1283875/philippines-median-age-of-registered-marriages-by-gender/

Considering the stats, about 40% of wed ladies were between the ages of 25 and 29.

If you’re in this age bracket, your financial capacity might need to be improved to cushion all the wedding demands. 

However, if you can pay off your monthly debts and meet the required age, applying for a personal loan would be your best option.

What are the best personal loans for planning a wedding in the Philippines? These include RCBC, SB Finance Car4Cash, EasyRFC, EastWest Bank, BPI, and HSBC. This article provides details about these institutions. Find out more below.

What is a Personal Loan?

As the name suggests, it’s an advance taken for personal needs, including wedding planning, tuition fees, etc. You need a consistent income source and a gjood credit report to apply for such a loan. 

These two factors are crucial for successful instant loans Philippines application. You don’t always need collateral for this loan. 

It depends on the type of personal loan you want to apply for. Primarily, there are two types, secured and unsecured.

Secured Personal Loans

This type of loan demands collateral to back up a successful application. Such collateral may include a car or house. This kind of advance is rare in the Philippines.

Unsecured Personal Loans

Unsecured loans are the types that don’t require collateral. It only requires a good history of the borrower and a steady source of income.

Wedding Loan Explained

Wedding loans refer to a kind of personal loan for footing wedding expenses. It is also helpful in covering honeymoon bills. 

When applying for one, you don’t have to show proof of getting married. All the lender wants from you is the correct documents and prompt repayment.

You can get an advance from providers in the Philippines, like online lenders, eCards or banks. 

Also, there’s a limit to how much you can borrow, depending on your qualification. But your weekly, monthly, or quarterly repayment amount depends on the loan term and the money you borrowed.

Top Personal Loans for Planning a Wedding in the Philippines

Several providers promise an easy application process and competitive interest rates. However, it’s essential to research the right option, although it might be somewhat hectic. So, we’ve provided some top personal loans for your wedding preparations below.


One of the best options in the Philippines is RCBC Personal Loan. It gives borrowers space of 36 months to pay off their advances. 

With RCBC, you can borrow up to about ₱1 million, but note that this figure depends on your qualification.

The amount can cover your new home furniture or honeymoon expenses. This is particularly true as it is a multipurpose offering.

  • Loan Amount Offered – From ₱50K to ₱1 million
  • Add-on Rate – 1.3%
  • Processing Duration – 5 to 7 working days
  • Loan Term – 36 months
  • Other charges – ₱200 – bank certification fee, ₱250 – notarization fee, and ₱300 – courier’s fee if it comes from the head office.

SB Finance Car4Cash

This loan provider offers low-interest rates with a repayment duration of 36 months. It proposes to borrowers an amount of ₱2 million, which can cover almost all your wedding bills. 

Also, you don’t need to provide any collateral.

  • Amount Offered – ₱100K to ₱2 million
  • Add-on Rate – 1.25% to 2%
  • Processing Duration – About 5 to 7 working days
  • Term – 36 months
  • Other charges – 3% of the due amount or ₱500 late payment fee and 3% of the loan payment for processing fee.


EasyRFC is a multipurpose loan with a repayment duration of 12 months. This provider is a good choice for couples who wish to marry quickly. 

This is due to the shorter repayment period and short processing duration.

  • Amount Offered – ₱10K to ₱100K
  • Add-on Rate – 4%
  • Processing Duration – Approved within 24 hours
  • Term – 12 months
  • Other charges – Processing fee of 6%

EastWest Bank

Borrowers can leverage flexible interest rates and payment terms. 

It provides up to 12 to 36 months of the term and lowers interest for users with credit cards.

  • Amount Offered – ₱25K to ₱2 million
  • Add-on Rate – 1.49% to 1.69%
  • Processing Duration – Within 5 to 7 working days
  • Term – 36 months
  • Other charges – ₱1,900 charge for processing (deducted from the borrowed amount), 8% or ₱500 late payment charge, and 0.75% stamp tax.


Are you looking for a provider with a very flexible payment term and low-interest rates? Then BPI Personal Loan could be your top choice. 

It offers multiple payment terms from 12 – 18 – 24 – 30 – 36. With no collateral, you can borrow as high as ₱2 million.

  • Amount Offered – ₱20K to ₱2 million
  • Add-on Rate – 1.2%
  • Processing Duration – 5 to 7 working days
  • Term – 36 months
  • Other charges – Late payment fee – %5 of the due payment and ₱1,500 for processing


In the Philippines, HSBC is one of the providers with the lowest interest rates. The total annual interest here is about 14.29%, with a monthly interest of 1.19%. 

Borrowers have as long as 36 months to repay their loans. Also, you can get your loan within 5 to 7 working days.

  • Amount Offered – ₱30K to ₱500K
  • Add-on Rate – 1.19% monthly
  • Processing Duration – 5 to 7 working days
  • Term – 36 months
  • Other charges – ₱1,500 processing charge, late payment charge of 3% of the due payment, and 0.75% for the stamp tax charge


To successfully apply for a personal loan in the Philippines, you must know the lender’s requirements. Also, applying for a loan should come as your last option, given the high-interest demands of some lenders. 

Some of the top providers in the Philippines include RCBC, SB Finance Car4Cash, EasyRFC, EastWest Bank, BPI, and HSBC.

A requirement is ensuring that the provider’s services suit your needs. Other requirements include reading all terms of conditions of the lender before proceeding with the loan application and confirming the minimum number of years of employment and legal age requirements.

Some necessary documents to put in place before your application include a driver’s license, government-issued identity cards, utility bills, etc. 

Observing all these protocols guarantees a successful loan application.

Marco Polo
Marco Polo
Marco Polo is the admin of sparebusiness.com. He is dedicated to provide informative news about all kind of business, finance, technology, digital marketing, real estate etc.

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