Industry News from Yes Insurance

Taking out a personal loan is one way of making couples' wedding days run a little more smoothly, a personal finance website has stated.

While being granted a loan is fairly straightforward, according to the Thrifty Scot, couples should first make an estimate as to how much they will actually need.

Such a list of costs could include honeymoon prices, purchasing a new house with a home insurance policy and hiring a caterer.

The company remarked that people should scour the market to make sure they get a good deal on interest rates.

"For a secured loan you need to have some sort of collateral, such as a car or a home. You will have a better chance of obtaining a higher amount of loan if you have collateral," it stated.

This comes after the Thrifty Scot remarked that homeowners can use their properties as collateral to get a better rate of interest on a loan.

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