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).
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 – $2,000, a medium secured loan of $2,100 – $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.
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 hyper-speed 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
- Internet bank login 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!), you will receive an electronic contract to review. As long as your happy with the offer, simply sign where applicable and your engagement ring finance will be scheduled for transfer. Deposit times depend on inter-bank transfer times, but you can 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
What are the possible costs?
The last thing 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. Our costs will always be in your contract. At Nifty Loans, we want our finance to build a bridge, not destroy one. You’ll find our costs all over our website, but you can find them again at the bottom of this page and our costs page for the following loan types.
- For small loans: starting from $300 to $2,000
- For medium secured loans: starting from $2,100 to $4,600. To qualify for a personal loan over $2,000, you must provide equity as security, such as a motorbike, car, caravan or boat.
- For large secured loans of $5,000
Other fees and charges may be payable. Unfortunately, if you fail to make a repayment without notifying us of any changes in your situation, additional fees may be added to the balance of the loan. Please feel free to contact our team if you have any questions about fees and charges.
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 direct debits in a nominated account for your repayments, meaning they will be taken automatically in line with an agreed upon schedule. So, you just need to ensure enough funds are left in the account when the payments are due. All that’s left to do is sip your celebratory champers and not fret about your wedding ring loan repayments.
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 look at more than just your credit score, our team takes into account your current relationship with money, this is why we ask for your bank statements!
We offer bad credit loans for those who have bad credit and need a wedding ring loan. Our team understands that credit checks are not the be-all and end-all. This is why the assessing process looks deeper than just your credit score, giving every client a fair go.
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 most 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.
Please note that all applications are subject to assessment and we cannot guarantee an approval.
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.
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.