Engagement Ring Loans
You’ve found the one, and you’re planning the perfect proposal. Paying for the ring shouldn’t take the shine off the moment. An engagement ring loan lets you spread the cost into manageable payments – even if your credit isn’t perfect³.
Get a decision in 3 minutes
Use funds for anything
Applications open 24/7
No upfront fees or costs
Representative Example: $1,000 loan over a 12-month term would have a total cost, including interest, a total payback amount of $1,134.72. APR 29.82%. Rates between 5.99% APR and 35.99% APR for qualified customers2. Loan term lengths from 3 to 36 months for qualified consumers.
Why Choose Yup Loans for Your Engagement Ring Financing?
Quick Online Process
Keep your proposal plans private. Our secure online form takes around 3 minutes¹, and you can apply from your phone or laptop without visiting a bank. We discreetly match you with lenders so you can review engagement ring financing options quickly and in one place.
Designed for All Credit Backgrounds
A low credit score can limit your choices with traditional lenders. Many lenders in our network consider more than your past credit issues³. They look at your income, banking history and overall ability to repay when reviewing a personal loan for engagement ring purchases.
Fast Access to Funds
If approved, funds could be deposited into your checking account as soon as the next business day*. That means you can shop for the ring you want without long delays or store financing restrictions.
How Loans for Engagement Rings Work
An engagement ring loan is a type of installment loan. Instead of paying the full cost of the ring upfront, you borrow a set amount and repay it in fixed monthly payments over an agreed term⁴.
When you apply through Yup Loans, we match you with lenders who review your details and decide based on their own criteria³. If approved, you’ll receive a loan offer outlining the interest rate, repayment timeline and total cost before you accept. Funds can then be sent directly to your checking account as soon as the next business day*.
You’re free to use the funds for your engagement ring purchase, with no store restrictions or special financing rules.
Get A Personal Loan for an Engagement Ring in 3 Easy Steps
1
Complete A Quick Online Form
Tell us a little about yourself and how much you’d like to borrow. It takes around 3 minutes¹, and you can apply at any time, day or night.
2
Review Your Loan
If matched with a lender, you’ll receive a loan offer outlining the repayment schedule, interest rate and total cost. Take your time to review the terms before making a decision.
3
Receive Your Funds
Once you accept the offer and are approved, funds can be sent directly to your checking account as soon as the next business day*. You can then use the money to purchase the engagement ring you’ve chosen.
What Can You Can Use an Engagement Ring Loan For?
A personal loan for engagement ring purchases gives you flexibility. You’re not limited to in-store engagement ring financing or tied to one jeweler.
Many borrowers use loans for engagement rings to cover:
- The full cost of the engagement ring
- Custom ring design or resizing
- Sales tax and insurance
- Proposal expenses, like venue deposits or travel
- Upgrading the setting or stone
Reviews
Daniel, Columbus, OH⁵: “I wanted to propose with my grandmother’s ring, but it needed a new setting and resizing. My credit isn’t perfect, and my bank turned me down. Yup Loans matched me with a lender in minutes. I was able to have the ring reset the way I wanted and propose without putting everything on a high-interest credit card.”
Marcus, Houston, TX⁵: “I found the ring she loved, but I didn’t have the full amount saved. Store engagement ring financing wouldn’t approve me because of my credit score. Through Yup Loans, I connected with a lender quickly, reviewed the terms online and had the funds the next business day. It kept the proposal plans on track.”
Engagement Ring Loans FAQs
Can I get an engagement ring loan with bad credit?
Yes, it’s possible. Yup Loans works with lenders who look beyond your credit score³. Many look at your current income, employment stability and ability to repay when reviewing a personal loan for engagement ring purchases.
Is a personal loan better than layaway for an engagement ring?
Some jewelers offer a layaway financing plan, which means you make payments to the store and don’t receive the ring until it’s fully paid off. Layaway plans can delay your proposal if you need the ring by a certain date. Some fine jewelry stores might also charge cancellation or restocking fees if you miss a payment.
With a personal loan for an engagement ring, you receive the funds up front and can purchase the ring right away. You then repay the loan in fixed monthly installments over an agreed term⁴. This gives you more flexibility on where you shop and lets you move forward with your proposal plans without waiting.
Can I use an engagement ring loan for a custom or redesigned ring?
You can use the funds for a custom design, resetting a family ring, resizing, upgrading the stone or changing the setting. Instead of relying on store jewelry financing or limited payment plans, an engagement ring loan gives you more flexibility when buying a diamond engagement ring or wedding ring. Spreading the cost into fixed monthly payments can help you choose your dream ring while keeping everything within your budget.
Is this the same as in-store engagement ring financing?
In-store engagement ring financing is usually limited to a specific jeweler and might require stronger credit. An installment loan gives you cash upfront, so you can shop where you want and repay in fixed monthly payments over time⁴.
Is it better to use a personal loan than a credit card to buy an engagement ring?
If you use a credit card to buy the perfect ring, you might only need to make the minimum monthly payment. The balance can carry over for months or years, and with a high APR, the total cost can grow quickly if you don’t pay it off fast.
A personal loan is a structured payment option with fixed monthly payments and a set end date⁴. You know exactly what you’ll repay and when the debt will be cleared. Making your payments on time can also help protect your credit, while missing credit card payments can lead to rising balances and added fees.
Can I use an engagement ring loan to upgrade the diamond or setting?
You can. Some borrowers choose a slightly higher-quality stone or different setting and spread the cost into monthly payments instead of settling for a lower option upfront.
Don’t Let Bad Credit Delay Your Proposal
Don’t let poor credit stop you from popping the question. The right ring shouldn’t have to wait because of past financial setbacks.
With an engagement ring loan through Yup Loans, you can spread the cost into manageable monthly payments⁴.
Make your proposal about the moment, not the money.