Engagement ring loan – is it worth taking?Uncategorized
Engagement ring put on the ring finger of a woman’s hand symbolizes love, as well as the fact that the woman has already given her heart to the beloved, with whom she wants to spend the rest of her life. It has been accepted that such a symbol should be impressive and effective. That is why many men even decide to use a loan to be able to express their feelings with the right jewelry.
How much do engagement rings cost?
The price has the greatest influence on the decision on which engagement ring to buy. In this respect, you have a very large selection because the prices of jewelry range from USD 200 to even USD 12,000.
The most popular are gold engagement rings due to the fact that it is the most durable ore, which over the years does not lose anything in its appearance and value. In the case of yellow gold jewelry, the price is primarily influenced by the test that indicates the content of this ore in the alloy. The most frequently chosen rings are a 585 sample, which can be bought for a few hundred USD.
You won’t pay much more for white gold jewelry, which due to its color is considered a noble substitute for silver.
Silver rings are less often chosen as a proposal because they are not as durable as those made of gold, but you can buy them for just under USD 200. Among the most expensive proposals are products made of platinum, for which you have to pay several thousand USD.
The price of jewelry is also influenced by the stone used for its decoration. It is customary for many men to choose a diamond ring, which is considered a symbol of eternal love. With a more modest budget, however, you can replace the diamond with a similar-looking white sapphire or zircons. Equally effective and at the same time a bit cheaper can be a ring with a blue sapphire, green emerald, purple amethyst or red ruby.
How to choose an engagement ring?
Choosing a ring for a loved one is certainly not an easy task, if only because of the rich design. Certainly, before buying, it is worth examining the preferences of the chosen one. You can ask her mother or friend for advice, or simply follow your intuition when buying.
A serious challenge for most men is also matching the ring to the partner’s hand. The scale of sizes is very wide, and the differences between them refer to fractions of millimeters. Because the expense is considerable and sometimes even requires a loan, it is better not to shop blindly.
The easiest way is to ask about your beloved size. However, this is not an option if the engagement is to surprise her. In that case, how do you measure the size of the ring ? It’s best to use a caliper and make a precise measurement of the inside diameter of the ring worn every day by the chosen one.
How to finance the purchase of an engagement ring – alternatives
The purchase of eye-catching jewelry is quite expensive. So the question arises, how to buy an engagement ring with a modest budget, if putting aside funds for many months is not an option? You can simply borrow money to buy a ring using a variety of available solutions such as:
- loan from family or friends,
- cash loan in a bank – due to the fact that it can be taken in a high amount up to 200 thousand. USD, it is much more often used as a loan for a wedding than for the purchase of a ring,
- non-bank installment loan or payday loan – it can be taken for any purpose in a convenient way via the Internet.
If the proposal can wait, you can save money on buying the ring. If you put away about USD 100 each month, after a year you will buy beautiful jewelry, even with diamonds, for the collected amount!
How do you find a loan for a ring?
Regardless of whether you want to buy an engagement ring for a few hundred or a few thousand USD, the cash needed for this purpose is the fastest to be borrowed via the Internet, using the services of non-banking companies.
If you do not have a small amount to buy, you can use the quick payday loan online, which you can take in up to 15 minutes based on extremely simple formalities. Loans for free, i.e. without interest and commissions, are particularly beneficial.
In case you want to give your beloved a more expensive ring, choose an installment product that will allow you to repay your commitment in convenient monthly installments. For example, a loan of USD 5,000 can be taken for up to 36 months at companies such as Cream Bank or Lite Bank. And in this case, you can arrange your funds conveniently online without providing earnings certificates.
Does the engagement ring loan pay off?
For most women, the moment of marriage is very important. Many wear an engagement ring for the rest of their lives, just like a wedding ring. That is why it is customary for this jewelry item to be effective and durable, and therefore made of precious ores and stones. Therefore, if you lack money to buy a ring, a loan will definitely be a good solution.
Is it worth taking a loan for an engagement ring? Giving the joy of a loved one with whom you want to spend the rest of your life is certainly worth all the money and even small sacrifices in the form of paying off the commitment made for several months.