Unfortunately, funerals can be expensive and whilst you want to arrange the perfect send-off for a loved one, it may also cause financial stress for you during an already difficult time.
Funeral finance can be helpful in the short term, but it’s also a long-term financial commitment.
Unless you’re expecting funds to be accessible from the deceased’s estate or from a life insurance policy, you’ll be liable to pay back the loan from your own earnings.
To relieve some of the pressure you may consider a more affordable funeral option for your loved one, such as direct cremation.
Direct cremation costs on average £1,554 in the UK, compared to a traditional cremation which costs on average £3,885.
Or perhaps you may wish to cut back on optional extras to keep costs down. For example, choosing a simple coffin and having less flowers.
Spending less on the funeral means having to borrow less or even nothing at all if you can find the money elsewhere.
See our funerals on a budget guide for more helpful tips on how to save money when arranging a funeral »