Engagement Ring Financing

The good news is it s easier than you think.

Engagement ring financing. Special terms apply to qualifying purchases charged with approved credit. Quick easy credit approvals with simple transparent terms. With those methods you should pay the ring off before the promotional period expires. Four main options are available when it comes to financing an engagement.

This means you can finance a ring and pay no interest if you pay off the balance before the promotional period ends. Promotional periods interest rates and monthly payments are agreed upon upfront. 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. 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.

Some jewelry stores offer 0 deferred financing for up to 12 months. When you finance you agree to a payment plan or contract with the loaning entity. Your other payment options. Common financing options include in house financing through the jeweler store credit cards and lease to own programs.

Even for the mathematically inclined it s difficult to know what kind of budget to set for an engagement ring. Financing an engagement ring allows you to purchase a ring that costs more than the cash you have on hand. Special rate of 9 99 apr with 48 equal monthly payments 2 2 the diamonds direct credit card is issued by wells fargo bank n a. Apply online in minutes today.

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. 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. If your eyes glaze over when it s time to talk wedding budget you re not alone. Best way to finance an engagement ring.

When financing an engagement ring taking out a personal loan should be your last resort. Enjoy 0 interest financing for up to 24 months on designer engagement rings wedding rings certified diamonds fine jewelry.