Once your loan is approved, you’ll receive the money and are free to use it how you wish. If your wedding gets postponed or cancelled, you’ll still need to adhere to the terms of the loan and make the repayments on time. If you decide you don’t need the money anymore, you’ll be able to pay the loan off early, but take note of any early repayment charges. In every case, once the initial cooling off period has elapsed, you are likely to pay back more than you have borrowed.