This depends on: how much you borrow the interest rate you’re charged how long you have to repay the loan (the loan term) any fees associated with the loan Unsecured wedding loans, i.e. the short-term and installment loan options, will charge a higher interest rate than will a secured loan. That’s because secured loans are less risky for the lender. If you fail to repay your debt, the lender can seize your collateral to recoup the money it lost. Whereas with an unsecured personal loan, the lender can’t really do much to get its money back, other than repeatedly try to contact you and report nonpayment to the bureaus, which will damage your credit score. Of course, the lender could sue you, but that’s unlikely for small loan amounts. In terms of fees, short-term loans may impose a finance fee on any amount borrowed. This is common with payday loans, where you may be charged $15 to $20 per $100 borrowed. Payday loans charge a finance fee instead of a fixed or variable APR like a credit card charges. But if you were to calculate that fee as interest, it would equal a much higher APR than that of installment loans.