Engagement Ring Financing

Some jewelry stores offer 0 deferred financing for up to 12 months.

Engagement ring financing.

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. 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. Four main options are available when it comes to financing an engagement. Financing an engagement ring allows you to purchase a ring that costs more than the cash you have on hand.

If your eyes glaze over when it s time to talk wedding budget you re not alone. Enjoy 0 interest financing for up to 24 months on designer engagement rings wedding rings certified diamonds fine jewelry. Even for the mathematically inclined it s difficult to know what kind of budget to set for an engagement 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.

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. Promotional periods interest rates and monthly payments are agreed upon upfront. The good news is it s easier than you think.

Your other payment options. 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. 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. Best way to finance an engagement ring.

With those methods you should pay the ring off before the promotional period expires. 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. Common financing options include in house financing through the jeweler store credit cards and lease to own programs. 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.

Quick easy credit approvals with simple transparent terms. Special terms apply to qualifying purchases charged with approved credit.