Sainsbury's: Personal loans popular for weddings
www.moneynews.co.uk > Personal loans > Sainsbury's: Personal loans popular for weddings
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Money News |
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Sainsbury's: Personal loans popular for weddings
Thu 28th Feb 2008
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New research from Sainsbury's Finance has revealed that approximately £1.6 billion will be taken out in personal loans this year to help cover the cost of weddings.
Some 123,500 people are expected to take out a loan in 2008 to fund their nuptials, with the average amount borrowed from Sainsbury's standing at £9,363.
Customers taking out a loan with Sainsbury's can opt to make no repayments for the first three months, which can help if people have a big expenditure like a wedding coming up.
Recent research from Alliance & Leicester found that loved-up couples tend to underestimate the cost of their wedding by as much as 22 per cent.
Generally people budget an average of £15,927 for their big day, but in fact the average wedding costs £19,400.
Related News : Personal loans |
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Related News : Sainsbury |
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