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Seal your commitment by financing the perfect engagement ring through Savvy and enjoy an instant outcome on loans up to $5,000.
Author
Savvy Editorial TeamFact checked
Author
Savvy Editorial TeamFact checked
Planning to pop the question? If you’re struggling to pull together the funds you need for the special engagement ring you want for your loved one, a fast small loan through Savvy can help you do just that. By applying for finance through us, you can receive an instant outcome and approval and funding as soon as the same day on loans up to $5,000. Start your journey to forever by applying with us today!
You can secure a rapid and straightforward small loan tailored to cover the cost of an engagement ring through Savvy. These loans are crafted for swift application, efficient approval, and prompt fund transfer, making them a suitable solution for meeting immediate financial needs related to important life events.
Navigating the application process through Savvy is streamlined and user-friendly. Follow these uncomplicated steps to apply for a speedy engagement ring loan:
Planning for a special occasion? Savvy offers a versatile borrowing range for engagement ring loans, allowing you to secure any amount between $2,050 and $5,000, provided you meet the necessary lender eligibility criteria. This adaptable spectrum caters to various financial needs for purchasing an engagement ring, empowering you to choose an amount tailored to your specific requirements.
Factors such as credit score, income, existing liabilities, savings, and other relevant financial considerations influence your borrowing capacity. Keep in mind that the amount you can borrow may vary based on your unique financial situation. Additionally, your income must come from one or more jobs with stable pay and hours and/or eligible Centrelink payments.
Securing funds for your engagement ring is a streamlined, express process, with the potential for formal approval and fund release on the same day, possibly within one hour of application. Approval is subject to your application satisfying all necessary lender criteria and successfully passing required assessments. Consider that the speed of your application's approval may be influenced by various factors:
No matter the time of day or week, you can complete your small loan application with us online.
You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.
We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small loan.
Yes – you can receive a loan for an engagement ring despite having bad credit, assuming your profile is approved by your lender. Unlike traditional lenders, those offering engagement ring loans understand that credit situations can vary and not everyone has a fair credit score. They assess your current financial standing, making it possible to secure a loan for such special occasions.
Yes – early repayment is possible for your engagement ring loan. Lenders offering small loans allow for early settlement without additional charges. This means paying off the loan for your engagement ring loan ahead of schedule can save you important money.
Yes – you can utilise the funds from your loan for purposes beyond buying an engagement ring. If you have leftover funds and wish to address other financial needs, such as food and other household expenses, you have the flexibility to decide. However, it's crucial to be aware of certain restrictions on using the funds, such as settling other small loans or engaging in activities like gambling.
Your engagement ring loan costs include the establishment fee (capped at $400) and monthly fees (capped at 48% of your loan’s total value per year). The total amount you pay will be determined by:
Disclaimer:
The information on this website is of general nature and does not take into consideration your objectives, financial situation or needs.
For loans between $2,050 and $5,000, the APR is between 21.24% (minimum) and 48% (maximum) per annum. Comparison rate of 65.4962%. Minimum term is 16 days and maximum term is 24 months. The cost of the loan is a $400 establishment fee and monthly interest charged on the amount borrowed. For example, a loan of $3,000 over 3 months with an APR of 48%, (comparison rate of 65.4962%), will have an establishment fee of $400, monthly repayments of $1,225.20. Total repayments of $3,675.60 and total interest payment of $275.60.
Warning: A comparison rate indicates the true cost of a loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
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