Best Honeymoon Loans of April 2025

The average U.S. honeymoon costs $5,300 according to 2024 data from The Knot. If you've already spent the average amount on your wedding ($33,000, according to the same study), you may have little left over.

You could postpone your honeymoon to give yourself time to save. Or, you could plan a “mini-moon” close to home to cut costs. But after all that time (and effort) planning the wedding, you might need to get away. Consider a honeymoon loan to help pay for it.

We reviewed the best personal loans to cover honeymoon expenses and found SoFi to be the best lender overall, thanks to its same-day funding, generous loan amounts, and flexible loan terms.

Compare honeymoon loan rates

Best honeymoon loans

The best loan to fund your honeymoon will be the one that provides the amount you need, with a monthly payment you can afford. It should have a competitive annual percentage rate (APR), based on your credit score, and a repayment term that makes sense for your long-term goals. To get your search started, we’ve rounded up lenders who cater to borrowers across the credit spectrum, and offer a range of loan amounts and repayment terms.

Methodology

Credible evaluated 31 lenders using 899 data points to find the best personal loan lenders for honeymoon loans. Our criteria included minimum fixed rate, maximum loan amount, funding time, loan terms, fees, discounts, and  customer experience. Credible’s team of experts gathered information from each lender’s website, customer service department, in-house resources, and via email support. Each data point was verified to make sure it was accurate at the time of publication.

Learn more about how Credible rates lenders by exploring our personal loans lender rating methodology.

How to compare honeymoon loans

When looking for a honeymoon loan, give yourself time to compare multiple lenders. This process can help you find a loan that best suits your needs, and can potentially save you money. Some of the factors to compare between lenders include:

• APR: The annual percentage rate accounts for your interest rate and any upfront costs associated with borrowing. Lenders use your credit profile, income, and current debt to determine the rate you qualify for — or if you qualify at all. APRs on honeymoon loans can vary widely between lenders, but most personal loans range from around 7% to 36%.
• Fees: Check to see if there are any additional costs to consider, such as an origination fee or late fees. Note that origination fees are frequently deducted from the loan amount.
• Loan amount: Can the lender provide a big enough loan to cover your honeymoon costs? Many honeymoon loans range from $1,000 to $50,000, and with excellent credit, it may be possible to find a loan of $100,000 with some lenders.

• Funding speed: How quickly do you need access to your loan? While some lenders might offer funding on the same day you’re approved, others may take a week or more.
• Loan term: While a longer loan term can result in lower monthly payments, you can also expect to pay more interest over time.
• Cosigner: If you don’t have good or excellent credit, a cosigner with good credit — like a supportive parent or good friend — may help to improve your chances of getting approved for a honeymoon loan or landing a lower rate. Check to see if the lender allows you to add a cosigner.
• Co-borrower: Some lenders offer joint personal loans that let you apply with a co-borrower, which could boost your chances of qualifying with a lower rate.

Related: Co-applicant vs. Cosigner

Eligibility requirements for honeymoon loans

To get approved for a honeymoon loan, you’ll need to meet the lender's eligibility requirements. While there may be some variation, most lenders will want to see the following:

Credit score

Lenders use your credit score to help determine if they want to risk loaning you money. Credit scores are calculated using models like FICO and VantageScore, and typically range from 300 to 850, with a lower score indicating a higher-risk borrower. With a good or excellent credit score — a FICO score of 670 or above — you’re likely to qualify for more loans with a lower rate and better terms.

While it is still possible to qualify for a loan with a bad credit score, you can expect to pay a higher interest rate.

Learn More: Credit Score for a Personal Loan

Income

Lenders also want to confirm that you have a steady source of income to determine if you can afford to repay your honeymoon loan. Lenders differ regarding what they require as a minimum income. 

If you’re unemployed and need a loan or have a less reliable source of income, you might find it more challenging to qualify for a honeymoon loan. If approved, you’ll likely pay a higher APR.

Debt-to-income ratio

Your debt-to-income ratio (DTI) looks at how much of your income is going toward debt repayment. To calculate your DTI, take all of your monthly debt payments and divide the total by your gross (pretax) monthly income.

For example, if you pay a total of $2,000 per month in debt payments and your gross monthly income is $5,000, you have a DTI of 40%.

$2,000 / $5,000 = .40 = 40%

A high DTI — anything above 36% — can make it more difficult to qualify for a honeymoon loan, because lenders might worry you won’t be able to handle the additional debt. If you have a DTI of 36% or higher, you might consider paying down some of your debt before applying for a honeymoon loan.

Check Out: How To Pay Off Debt Fast

How to apply for a honeymoon loan

If you want the honeymoon loan application process to go as smoothly as possible, make sure you know what you want and are properly prepared.

1. Check your credit score and credit report: Before you start applying for a honeymoon loan, it helps to know what you’re working with. Knowing your credit score can also help you understand which loans you’re likely to qualify for. If you have a poor credit score, you might want to take steps to increase it to improve your loan application. You can request copies of your credit report, which details your entire history as a credit user, at AnnualCreditReport.com. Check your credit report for errors that might be undermining your score.
2. Determine the size of the loan you need: How much money do you plan to spend on your honeymoon? Will you fly to your destination or drive? Stay at an all-inclusive resort or a bed and breakfast? What will you do for entertainment? Before you go looking for a honeymoon loan, have a good idea of how much you need and know what you can realistically afford.
3. Prequalify with multiple lenders: Prequalifying for multiple honeymoon loans allows you to compare offers from various lenders without a credit check. By entering some personal and financial information, you can get an estimate of APRs, loan amounts, and terms from certain lenders before committing to the actual loan application process. It is not an offer of credit, though, and your final rate may differ. When you proceed to formally apply for a loan, the lender will conduct a hard credit inquiry that will temporarily lower your score by a few points.
4. Select a loan: Based on your comparison of multiple lenders, select a loan that fits you and your budget. If you’re approved, review and sign the paperwork and begin repaying the loan according to its terms.

Honeymoon loan alternatives

For many, a personal loan is the best choice to finance a honeymoon. But here are a couple of other options that may be available to you:

• 0% APR credit card: Check if you qualify for a credit card with a 0% APR promotional period and a credit limit high enough to fund your honeymoon. The advantage here is that you can borrow money at no cost for the duration of the promotional period. The disadvantage is that if the balance isn’t paid by that time, you’ll be charged the card’s standard rate on the remainder. Make sure you can comfortably afford the monthly payment to pay off (or significantly pay down) the balance before the 0% APR expires. Many card issuers, like Capital One, let you see which cards you’re pre-approved for, without hurting your credit.
• Home equity loan or line of credit: If you own a home with more than 20% equity, you may qualify to borrow against that equity via a home equity loan or line of credit (HELOC). The amount will be limited by how much equity you have, and the loan could come with significant closing costs, and take a month or more to fund. However, rates can still be lower on home equity-based loans since the home is securing the loan — which also means the lender could foreclose if you default.

Related Articles:

• Best Vacation Loans
• Best Wedding Loans
• Best Personal Loan Rates
• Personal Loan Requirements
• How To Get a Personal Loan
• Where Can I Get a Personal Loan?
• How Do Personal Loans Work?
• How To Get a Low-Interest Loan

Disclosure: Some lending partners that participate in Credible’s comparison marketplace offer loans to borrowers with scores as low as 550. Borrowers with low scores will have fewer lending options than borrowers with higher credit scores.