Put a Ring on it! Apply now for Engagement Ring Financing

engagement ring financing

Before the wedding bells chime and the choir begins to sing, someone is browsing the glass displays for the perfect ring to start it all. Taking that leap of faith together is a special step and it all starts with the engagement ring! Your partner will have to wear the ring for the rest of their lives (hopefully, anyway), so there is a tad amount of pressure to get it right. However, choosing the right ring isn’t the only cause for distress. Sometimes we may need a bit of engagement ring financing to buy our special someone their dream ring. However, before we get all mushy, we’d better introduce ourselves.

Introducing Nifty Loans

We are a small, alternative lending service that is dedicated to finding easy finance for all Australians. Our loan service is 100% online for your convenience. So, snuggle into your couch with your favourite soft blanket, and get started with our application. Speaking of our quick loans application, our application process is fast and to the point, only taking a few minutes to complete. With Nifty, there are no long lines at the bank, no tiresome talks with an online operator; just you and our simple loan application (of course, our loan specialists are always on hand when you need them!). Once you’ve completed your application, our loan team puts their heads down and aim to have your outcome ready in 60 minutes (during business hours). If you’re approved, congrats! Your moolah will be scheduled to be transferred as soon as you sign your loan contract.

That’s Nifty.

What is engagement ring financing?

It can be a handy boost to your engagement funds (and confidence!) or it can fund your purchase! A wedding ring loan can work for you in many ways! You can start with a small loan of $300, a medium secured loan of $4,600 or a large secured loan of $5,000 – have your pick of the bunch! We know that wading through hordes of sparkle and glitz can be overwhelming, that’s why we make things easy. With a simple application, fast outcomes and speedy cash – we have your engagement ring finance options sorted. So, if you’re thinking of popping the question, consider a wedding ring loan. Why not apply today?

Who is eligible for engagement ring financing?

At Nifty Loans, we love, love! We want to help all Australians who need to boost their engagement ring financing. However, we do have a few little requirements to meet before we assess your wedding ring loan application. So, before you apply, check off the following requirements:

  • You must be 18 years old
  • Be an Australian citizen or permanent resident
  • Be receiving a regular income into a personal account for the last 90 days
  • Have an active mobile number and email address

That’s it! Once you’ve checked off all these boxes, you’re ready to apply for a wedding ring loan.

Speedy application

We want our loans to be as simple (and fast) as possible! So, we’ll let you in on a little secret: our wedding ring loan application has a hyperspeed mode. If you have the following details handy before you apply, you’ll fly through your application:

  • Personal contact details e.g. email address, email etc.
  • Reason for your loan
  • Bank account details
  • MyGov details (for clients receiving Centrelink benefits)

With this info handy, your application will be done in no time! And with a coffee in hand, you’re now ready to apply for engagement ring finance.

How to apply

As we’ve mentioned, applying for engagement ring financing couldn’t be easier. With our online application, we have made borrowing accessible for all Australians. All you need is an internet-capable device and a few spare minutes of your time! To complete your application, follow these steps:

Step one: Apply online

Apply for engagement ring finance by filling out our application. It’s that easy. To begin your application, start with our wedding loan calculator. Firstly, select how much you wish to borrow and for how long. Then, select how frequently you wish to make repayments; either weekly, fortnightly or monthly. Once you are happy with your loan terms, click the Apply button and you’re on your way to engagement ring finance!

Step two: Conditional approval

With Nifty Loans, there’s no waiting around. Once we receive your application, we will let you know in minutes whether you qualify for our loan service. So, whilst your crushing those candies, keep an eye on your notifications for any important info.

Step three: Assessing your application

After you receive conditional approval, we will begin to assess your application. Our loan specialists aim for a 60-minute turnaround (during business hours). To achieve maximum speed, make sure to provide all the relevant documentation in your initial application.

Whilst we assess your application, we adhere to responsible lending practices. We don’t want our clients to be worse-off after taking out a loan with Nifty Loans. That’s why we only approve clients who can afford their repayments.

Step four: Collect your moolah!

If you’re approved (congrats!), your engagement ring finance is already on it’s way to your bank account! We schedule the funds for transfer as soon as you sign the loan contract. Times may vary depending on the speed of your bank, but expect your funds to be in your account overnight at the latest.

That’s it! Just those four simple steps. At Nifty Loans, we believe that we should do most of the work, whilst you snuggle up in bed with a warm cup of coffee. Sounds perfect, right?

Application info explained

If the online landscape has taught us anything, it’s to be wary of giving online entities our private info. However, don’t fear, you can trust us! We simply ask for your MyGov and bank account details to save you drowning in fruitless paperwork. We ask for this info to access a read-only copy of your bank statements and expenses using the latest in safe banking technology. And that’s it. Nothing scary! We are 100% committed to protecting the privacy of our clients and your info. To learn more, have a read of our privacy policy.

No asterisk costs

The last one you want when you’re planning to start a life with your partner is unmanageable debt. That’s why we are 100% upfront about all costs. You won’t notice any hidden costs at the bottom of your contract after you’ve already signed. At Nifty Loans, we want our finance to build a bridge, not destroy one. You’ll find our costs all over our website, but here they are in case you’ve missed them:

For small loans: starting from $300 to $2,000

  • Establishment fee: A once-off fee of 20% of your principal
  • Ongoing fee: Monthly fee of 4% of the principal
  • Missed repayment fee: If a repayment is missed a $27.50 dishonour fee will be added onto the account balance

For medium secured loans: starting from $2,100 to $5,000. To qualify for a personal loan over $2,000, you must provide equity as security, such as a motorbike, car, caravan or boat.

  • Establishment fee: A once-off fee of $400
  • Ongoing fee: An annual percentage rate of 48% of the principal
  • Missed repayment fee: If a repayment is missed a $27.50 dishonour fee will be added onto the account balance

That’s Nifty. Just those three little costs! No need to worry about nasty surprises halfway through your loan term. So, trust Nifty with your finance and we’ll trust you’ll pick the perfect ring for your partner.

How do our repayments work?

Now you know everything there is to know about our application process, you may be wondering about after you receive your cash. Just like our application, our repayments are super easy. Using the latest in safe banking technology we set up a direct debit from a nominated account for your repayments. So, you can sip your celebratory champers and not fret about your wedding ring loan repayments. Just make sure you have the right amount of moolah in your account, otherwise, a $27.50 dishonour fee will apply.

So, say goodbye to setting hundreds of alerts to remind you when your repayments are due, only to forget to transfer the money! With Nifty Loans, your repayments will be seamless, so enjoy your engagement without the fuss of pesky loan payments.

Have bad credit and need engagement ring financing?

We know that life sometimes isn’t picture perfect and that mistakes happen. Especially when it comes to your finances. We understand that you may not know you’ve made a mistake until you have. Well, don’t worry. Nifty Loans is here to help. We offer bad credit loans for those who have bad credit and need a wedding ring loan. Our assessing process rewards you for good points on your credit score, so you have the chance to recover a seemingly poor credit score.

Are you receiving Centrelink payments and want to pop the big question?

You’ve come to the right place. We offer engagement ring financing to those who are receiving Centrelink payments. At NIfty Loans, we see Centrelink payments as regular income as long as you’ve been receiving the payments for at least 3 months. So, if you’re thinking of popping the question and starting your new life with your partner, consider financing to make your day that extra bit special.

What if you need another loan?

Well, firstly, we are glad you paid off your last one (congrats!), and we’d love to have you back! Once you’ve repaid your balance on your previous cash loan, you can apply for more finance.

Do you charge early exit fees?

No! In fact, we encourage our clients to repay their wedding ring loan off quickly to save on fees (we know you have a wedding to pay for!). At Nifty Loans, we do finance that works for the client, so whatever helps you, we are happy with.

There for you at the touch of a button

We may be 100% online, however, our loan specialists are not too far away – in fact, they’re right behind your screen. If you ever have any questions about our loan process or your account, don’t hesitate to contact them.

However, like all of us, our loan specialists need their beauty sleep, so if you apply outside of business hours, expect a response within 2 hours of the next business day.

Nifty Loans business hours:

Monday – Thursday: 8:00am – 5:00pm

Friday: 8:00am – 4:00pm

Saturday – Sunday: CLOSED

Let’s be friends

We all love a good engagement story. Therefore, Nifty Loans wants to provide you with the right support, so your story will be extra special. If you’re looking for tips to make your engagement Nifty and on a budget, check out our wedding dream blog post

You may be experiencing information overload, but don’t worry if you have unanswered questions about our service. You can head to the FAQs page at any time and see if your answer is waiting for you.

Want more of Nifty Loans? Great! Follow us on Facebook, Instagram, Twitter, Google + and Pinterest and also keep up to date with the latest personal finance and lifestyle trends via our blog.

Who can apply?


You're at least 18 years old


You're an Australian Citizen or Permanent Resident.

Hand holding up 3 fingers

You've been receiving a regular income into a personal bank account for at least 3 months.

Email address @

You have an active mobile number and email address.

How it works

Small Loans

$300 - $2,000

small potplant
Loan amounts:$300 - $2,000
Terms:3 - 6 months
Establishment fee:20%
Monthly Fee:4%
*Max Comparison Rate:199.43%

Small Loan Example

Loan amount:$1,000
Terms:12 Months,
(50 weekly repayments)
Establishment fee:$200
Total other fees:$240
Total payable:$1,440
Weekly installments:$33.60

Medium Loans

$2,001 - $4,600

medium potplant
Loan amounts:$2,001 - $4,600
Terms:13 - 24 months
Establishment fee:$400
*Max Comparison Rate:67.41%

Medium Loan Example

Loan amount:$3,000
Terms:18 Months,
(78 weekly repayments)
Establishment fee:$400
Total other fees:$1,379.06 (reducing interest)
Total payable:$4,779.06
Weekly installments:$61.27

Large Loans


large potplant
Loan amount:$5,000
Terms:13 - 24 months
*Max Comparison Rate:48%

Large Loan Example

Loan amount:$5,000
Term:18 months,
(78 weekly repayments)
Establishment fee:$400
Total Interest:$2,027.80
Total payable:$7,027.80
Weekly installments:$90.10
*WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan.

Who we've helped

Put a Ring on it! Apply now for Engagement Ring Financing Overall rating: 4.8 out of 5 based on 21 reviews.

Who we've helped

Put a Ring on it! Apply now for Engagement Ring Financing Overall rating: 4.8 out of 5 based on 21 reviews.
man sitting with phone
quotation mark

Very helpful

"I am very happy with the help and commutation Level between myself and Nifty Finance. Massive help in a sticky situation."

- Brittney Grandi


How customers rate Nifty's Personal Loans

Put a Ring on it! Apply now for Engagement Ring Financing Overall rating: 4.8 out of 5 based on 21 reviews.

Types of loans