Can you guess the top honeymoon destination for loved-up Aussies?

By Ceyda Erem · · 2 min read
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Whether it’s a taking up a new hobby or putting more cash away for a rainy day, every Aussie has something they want to do in the new year.

But if you’re planning to walk down the aisle in 2019, you may have already started doing your research on what you want for your big day, including the location.

Destination weddings have become more trendy over the last few years, with couples flocking to different parts of the world to say ‘I do’.

And according to new research from travel search engine, KAYAK, it appears that Melbourne has become the top domestic destination to tie the knot, followed by Sydney, Brisbane, the Gold Coast and Perth.

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But what’s a wedding without a honeymoon?

The data also revealed that Bali has taken out the top spot as the number one honeymoon destination for Aussies, recording a year-on-year search volume increase by 80%.

And while Aussies flock to Bali to soak up the sun, sea and culture, it appears that Tokyo is also becoming a popular destination as it was recorded as being the top trending international honeymoon destination with a year-on-year search increase of 169%.

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The latest wedding trend

With Aussies picking and planning their dream destinations, a question many couples may encounter is how they plan to pay for it all.

If recent RateSetter research is anything to go by, the latest way to pay is with a low rate personal loan.

According to the peer-to-peer lender, 40% of RateSetter customers had taken out a personal loan to avoid using their credit card.

Unlike high interest credit cards, personal loans generally come with lower rates and set repayments.

“Demand for personal loans for wedding expenses is growing as Aussies become more savvy with how to finance their big day. By offering a better, smarter choice for navigating personal finance through a low-rate personal loan, we want to help couples avoid high-interest debt,” said RateSetter CEO, Daniel Foggo.

So if you’re planning to be walk down the aisle in the new year and think a low rate personal loan might be right for you, you can head on over to our personal loan comparison tool or check out some current offers down below.

5 low rate wedding loans for your big day

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Last updated 27 July 2024 Important disclosures and comparison rate warning*
  • Mozo Expert Choice Badge
    Unsecured Personal Loan

    Fixed

    interest rate
    comparison rate
    Monthly repayment
    6.75% p.a.to 26.95% p.a.
    6.75% p.a.to 26.95% p.a.based on $30,000
    over 5 years

    Borrow up to $50,000 unsecured. Perfect if you earn more than $22,100 p.a. and have good to excellent credit. Multi-year winner of Mozo’s Experts Choice Unsecured Personal Loan Award, 2021, 2022, 2023 & 2024^'

    Repayment terms from 2 years to 7 years. Representative example: a 5 year $30,000 loan at 6.75% would cost $35,430.23 including fees.

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  • Unsecured Personal Loan

    Fixed

    interest rate
    comparison rate
    Monthly repayment
    5.76% p.a.to 24.03% p.a.
    6.55% p.a.to 24.98% p.a.based on $30,000
    over 5 years

    Fast, easy and 100% online, this is a low cost loan with no ongoing fees or extra repayment penalties. It's perfect for savvy borrowers with great credit. If you’re over 18 and earn above $30,000, you could qualify (other eligibility criteria may apply).

    Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 5.76% would cost $35,173.52 including fees.

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  • Holiday Loan

    Excellent Credit

    interest rate
    comparison rate
    Monthly repayment
    6.57% p.a.to 8.48% p.a.
    7.19% p.a.to 8.84% p.a.based on $30,000
    over 5 years

    Travel the globe with competitive low rates for borrowers with excellent credit on 1-7 year loans from $2,001 up to $75,000, plus free extra repayments. Winner of Mozo's Experts Choice award for 2024 ^. Min. income of 25k after tax, to apply.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.

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  • Express Personal Loan

    Secured

    interest rate
    comparison rate
    Monthly repayment
    14.95% p.a.to 27.95% p.a.
    29.30% p.a.to 42.8% p.a.based on $10,000
    over 3 years

    Access fast finance on loans from $3,000 to $25,000 with a Jacaranda Finance Personal Loan. Terms from 25-48 months. Check if you qualify with no impact on your credit score. Enjoy a speedy, online approval.

    Repayment terms from 2 years to 4 years. Representative example: a 3 year $10,000 loan at 14.95% would cost $14,324.71 including fees.

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  • Mozo Expert Choice Badge
    Low Rate Personal Loan

    Excellent Credit

    interest rate
    comparison rate
    Monthly repayment
    6.57% p.a.to 8.48% p.a.
    7.19% p.a.to 8.84% p.a.based on $30,000
    over 5 years

    Competitive low rates for borrowers with excellent credit on 1-7 year loans from $2,001 up to $75,000, plus free extra repayments. Winner of Mozo's Experts Choice Excellent Credit Unsecured Personal Loan 2024 and Excellent Credit Secured Personal Loan 2024 awards ^. Min. income of 25k after tax, to apply.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.

    Compare
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    Details

* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

^See information about the Mozo Experts Choice Personal Loan Awards

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