Engagement Ring Financing

Common financing options include in house financing through the jeweler store credit cards and lease to own programs.

Engagement ring financing.

Apply online in minutes today. This means you can finance a ring and pay no interest if you pay off the balance before the promotional period ends. When financing an engagement ring taking out a personal loan should be your last resort. Some jewelry stores offer 0 deferred financing for up to 12 months.

But if a 0 percent financing offer isn t available to you a personal loan could be a better option for financing an engagement ring than putting the ring on a credit card at the double digit regular apr. Your other payment options. If you can qualify for the 0 deferred financing at the jewelry store and you can pay off the cost of the engagement ring within the promotional period usually 12 months then the 0 deferred financing offer is the best way to finance your ring and pay no interest. The good news is it s easier than you think.

If your eyes glaze over when it s time to talk wedding budget you re not alone. Ideally you ll want to secure a 0 financing deal with the jewelry store or put the ring on a low or 0 apr credit card. The special terms apr of 9 99 will apply to the qualifying purchase and 48 monthly payments equal to 2 5567 of the original special terms balance are required. With those methods you should pay the ring off before the promotional period expires.

However jewelers financing options may not have the best terms or interest rates and you generally won t get any cash back or rewards on the engagement ring purchase. When you finance you agree to a payment plan or contract with the loaning entity. Enjoy 0 interest financing for up to 24 months on designer engagement rings wedding rings certified diamonds fine jewelry. Promotional periods interest rates and monthly payments are agreed upon upfront.

Even for the mathematically inclined it s difficult to know what kind of budget to set for an engagement ring. Special terms apply to qualifying purchases charged with approved credit. Quick easy credit approvals with simple transparent terms. Financing an engagement ring allows you to purchase a ring that costs more than the cash you have on hand.

Obviously using a personal loan to finance an engagement ring will tack on a considerable amount of interest to the total cost of your ring. Engagement rings can be a significant investment but most jewelry stores offer some sort of financing program and many even have programs for those with less than perfect credit.