How to finance an engagement ring

Looking for ways to finance engagement rings so you can buy now and pay later? With our diamond ring finance option, you’ll be able to finance your engagement ring online. With Shining Diamonds, financing your engagement ring or diamond jewellery couldn’t be easier. View our diamond ring finance guide to have all your queries regarding how to pay for engagement rings, how financing an engagement ring works and more answered by our experts. 

Engagement rings pay monthly

Here at Shining Diamonds, we have a variety of diamond financing options available for buying now and paying later. You can choose from the following options for financing your engagement ring:

• 6 months – 6 months interest free, 0% APR. Minimum order amount: £400.00. Minimum deposit amount: 25%.
• 12 months – 12 months interest free, 0% APR. Minimum order amount: £1500.00. Minimum deposit amount: 50%.
• 18 months – 18 months interest free, 0% APR. Minimum order amount: £2500.00. Minimum deposit amount: 50%.
• 12 months (interest bearing) – 12 months interest bearing, 14.9% APR. Minimum order amount: £400.00. Minimum deposit amount: 25%.
• 24 months (interest bearing) – 24 months interest bearing, 14.9% APR. Minimum order amount: £400.00. Minimum deposit amount: 25%.
• 36 months (interest bearing) – 36 months interest bearing, 14.9% APR. Minimum order amount: £400.00. Minimum deposit amount: 25%.
• 48 months (interest bearing) – 48 months interest bearing, 14.9% APR. Minimum order amount: £400.00. Minimum deposit amount: 25%.

Heart Shoulder Diamond Ring in 18K White Gold

How does financing an engagement ring work?

You can begin by applying for diamond finance, but you must meet a certain criterion, including being over 18 years of age, being a UK resident and being in full-time employment. You will then be asked to provide a deposit which will be 25% of the final order amount, while the rest of the amount can be paid via finance. 

If you want to settle your loan early, this is possible to do at any time. You will be provided with details of your finance provider (Close Brothers Finance with Shining Diamonds), and they will calculate and send across your settlement figure. 

As well as engagement rings, you are able to buy a range of diamond jewellery on finance such as diamond earrings, diamond pendants and more. Further details on how financing an engagement ring works is available from our diamond finance guide.

Find your perfect engagement ring payment plan from Shining Diamonds today. For further information on how to pay for engagement rings, get in touch with one of our experts today.