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Engagement Ring Financing

Personal Loans up to $15,000

Money in your bank account and ready to use in 60 seconds once approved*(1)

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Apply in less than 8 minutes

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Apply in less than 8 minutes

Jacaranda Finance offers engagement ring financing from $1,000 to $15,000.

If the ring you want to purchase for your significant other is out of your budget, Jacaranda Finance developed engagement ring financing Australia just for your situation.

Engagement ring financing online

If you want the perfect engagement ring, but you cannot fit it into your budget, consider easy financing engagement rings. A 2017 survey found that the average engagement ring in Australia is $6,000; that is a big purchase! Jacaranda Finance offers engagement ring financing options from $1,000 to $15,000 so that you can propose to your significant other with the perfect ring, without worrying about sourcing the money.

Jacaranda Finance is a 100% online, award-winning lender that specialises in delivering fast, efficient and inclusive personal loans to eligible Australians. We offer short term financial options for applicants that are going to be financing an engagement.

What is engagement ring financing?

Engagement ring financing is a type of personal loan designed to assist you in purchasing an engagement ring. We offer three types of personal loans: small loans, medium loans and large loans.Β 

Loan type Loan amount Repayment terms
Small loan $1,000 to $2,000 6 to 12 months
Medium loan $2,100 to $4,600 13 to 36 months
Large loan $5,000 to $15,000 13 to 36 months

If you would like a more detailed breakdown of our engagement ring financing costs, refer to our personal loan interest rates page.Β 

How to finance an engagement ring

If your perfect ring is waiting for you in the jewellery store, you can apply for your engagement ring financing today in just a few minutes. We are one of the fastest online lenders in Australia; we will endeavour to deliver your loan outcome within just 60-minutes*. We support instant transfers on approval, so you could have your cash ready to use within 60-seconds**. Follow these simple steps to apply:

Step 1: Complete your online application

Step 2: We will process your application as fast as possible

Step 3: Our team will let you know the outcome of your application

Step 4: If approved, review and sign your contract

Step 5: Receive your cash


All of our applicants must meet all of our eligibility criteria before we can approve their loan application. Please ensure that you meet the following criteria before you apply:

  • You are at least 18 years old
  • You have had a consistent income into your bank account for at least 90 days
  • You are an Australian citizen or permanent resident
  • You have an email address and mobile phone number
  • You have internet banking set up

Supporting documents

We must also receive copies of your supporting documents to process your application. So that we can process your application as fast as possible, please ensure that you supply all of your supporting documents when you apply:

  • The reason for your loan
  • Your basic personal information
  • 100 points of ID
  • Your online banking login details
  • Your myGov login details (if you receive Centrelink benefits)

Easy financing for engagement rings with bad credit

Jacaranda Finance is an online lender, which allows us to have more lenient credit requirements than traditional lenders. We offer engagement ring financing bad credit for eligible applicants that meet our lending requirements. We will conduct a thorough financial analysis of each of our applicants by utilising their bank statements. If we find that an applicant can afford their loan repayments, even if they have bad credit, we may be able to provide them with a same day loan for engagement ring finance.

We follow the responsible lending guidelines set by ASIC; this means we must conduct credit checks on every loan applicant. Jacaranda Finance takes a more inclusive approach to lending; a bad credit score will not be the determining factor in your application.


Can I apply for diamond engagement rings finance?

You can apply for any kind of engagement ring between $1,000 to $15,000. If you wish to purchase a diamond engagement ring within this price range, apply for a quick loan with Jacaranda Finance.

Do terms and conditions apply to your personal loans?

Your terms and conditions will be clearly stated in your loan contract. This contract will also outline any possible fees and charges (including the interest rate and monthly fees) applicable to your personal loan.Β 

How do I pay off my engagement ring financing?

We will set up a direct debit in line with your pay cycle. This could entail weekly, fortnightly or monthly payments, depending on your payday. Your loan repayments will be automatically charged and when your loan has been repaid in full, your payments will stop.Β 

*If you apply within our standard business hours

**If you have an NPP-enabled bank account

Reviews don’t lie 🌟

Reviews current as of June, 2021.

Our low rates

Our low rates

πŸ’° Personal Loans starting from 8.69% (12.05% p.a. Comparison Rate)

πŸš— Car Loans starting from 5.29% (5.84% p.a. Comparison Rate).

We never charge early repayment or exit fees.

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Jacaranda is 100% online. So, we do not accept applications over-the-phone. However, our friendly team is more than happy to answer any questions you may have.