Typical Engagement Ring Financing

The average engagement ring cost is hardly an easy expense.

Typical engagement ring financing.

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. Through us you may be able to slash your fees and charges by half compared to traditional engagement ring financing. While we at prosper may not be experts at finding the right engagement ring we can help you apply for a great rate on a jewelry loan to purchase it. Starting at 0 interest financing your engagement ring at gage diamonds can help to reduce the financial burden of buying an engagement ring.

Open up a new credit card with a 0 apr promotion. In fact it could be smart to do this even if you do have the cash to pay for the ring outright. When financing an engagement ring taking out a personal loan should be your last resort. The good news is it s easier than you think.

This is our favorite option. If anything is certain it s that diamonds remain a serious investment. Financing an engagement ring is not necessarily bad if you know what you re doing. Even for the mathematically inclined it s difficult to know what kind of budget to set for an engagement ring.

When you consider the fact that the average engagement ring costs 4 000 and the average household already owes more than 7 000 to credit card companies it s clear why many proposers opt to finance this significant expense. With those methods you should pay the ring off before the promotional period expires. 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. Average engagement ring cost.

If your eyes glaze over when it s time to talk wedding budget you re not alone.