Say ‘I Do’ without the financial heartache with Enniscorthy Credit Union

THE financial cost of saying ‘I Do’ can really dawn on couples at this time of year. With December the most popular month for engagements in Ireland, one in four couples will embark on their wedding plans in the New Year. Couples are now spending more than €28,400 on their wedding and honeymoon, up nearly 10% – and costs continue to rise.

According to the latest weddingsonline.ie survey, the average cost of a honeymoon is €5,643 so it’s no wonder the bride-and-groom-to-be can begin to feel the stress taking over the enjoyment of planning their day.

Despite many couples having a strict wedding budget, the reality is that this is very difficult to adhere to. When you consider that an average couple spends €66 per guest– and will invite 161 of their nearest and dearest, it’s not surprising that a substantial 58% will go over-budget. Understandably, around 17% of couples will need to borrow for their big day. How can they do this without racking up unnecessary debt?

“It’s understandable that even with the best intentions in the world, couples can end up spending a lot more than planned. Enniscorthy Credit Union is always here for those couples who need a little financial assistance to make their wedding dreams a reality. We only offer wedding loans with realistic terms, which can be paid back in a way that works best for each individual couple. Our wedding loan is available at the fair and reasonable rate of 12.68% APR*, and we don’t have any hidden transaction fees or charges. Should any couple wish to pay back their loan early, they can easily do so without incurring any penalty or additional fees.

We would encourage any couples out there feeling the financial strain of wedding planning to pop in to us and see if we can be of help” says Liz Cullen, Manager of Enniscorthy Credit Union.

Liz added: “We also offer great value Travel Insurance through coveru.ie, and foreign exchange for that all-important honeymoon. In short, we do everything we can at Enniscorthy Credit Union to ensure that couples can have their dream day without any of the financial heartache.”

* For a €5,000, 3 year variable interest rate loan with 36 monthly repayments of €166.07, an interest Rate of 12%, a representative APR of 12.68%, the total amount payable by the member is €5978.58. Information correct as at 17/01/2020.