Engagement Ring Finance Australia | Nifty Personal Loans

Engagement ring finance Australia

It’s no secret that engagement rings can be very expensive. Most people don’t have thousands of dollars that can be spent casually without impacting their budget. Don’t feel limited when you browse the jewellery store because you don’t have the cash readily available to afford a diamond ring. Nifty can lend a hand with our engagement ring financing.

Can you finance an engagement ring?

There are a few engagement ring finance options for you to consider. You can either use a credit card, buy now pay later service, or a personal loan. An engagement ring personal loan can work for you in many ways. Here at Nifty, we have two tiers of loan options for you: a medium secured loan of $2,500 – $4,600 or a large secured loan of $10,000.

Picking an engagement ring is a very important decision that requires a lot of your time and energy, so we will keep things simple. Our 100% online application process can be completed in just a few minutes because we want you to devote your energy to finding the perfect ring for your partner, not a complicated loan application.

Am I eligible for a loan?

We have a few requirements we need you to meet before we can assess your loan application. So, before you apply, check off the following requirements:

  • You must be at least 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
Why choose Nifty Loans?

We may be 100% online, but our loan specialists are not far away – they’re right behind your screen. If you ever have any questions about our loan process or your account, don’t hesitate to contact us. You can apply for one of our fast cash loans in minutes and have the money in your account before the days’ end.

Personal Loan Details

Loan Amounts $5,000 – $15,000
Loan Terms 9 – 24 months
Starting Interest Rate (APR) 11.42% (Excellent Credit)
Starting Comparison Rate 14.49% (Excellent Credit)
Ceiling Interest Rate (APR) 21.24% (Average Credit)
Ceiling Comparison Rate 45.56% (Average Credit)
Type of rate Fixed Rate
Repayment options Weekly, Fortnightly, Monthly
Monthly Fee $0
Early repayment fee $0
Average turnaround 60 minutes*
Loan Options Unsecured & secured options

Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $12,389.76. WARNING: This comparison rate is valid 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. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 14.49% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 11.42% (14.49% comparison rate) with a maximum of 21.24% (45.56% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months. For more details and examples visit our rates and fees page.