Engagement Rings on Finance
Our engagement ring financing is designed to ease the financial commitment of this meaningful step in your journey together. By offering flexible payment plans from 0% interest, we aim to make the beauty and significance of our rings accessible, allowing you to celebrate your love without compromising on your dream engagement ring.
Flexible Finance Options
Queensmith offer flexible payment options including interest-free financing on your jewellery purchases. Whether you're ordering an engagement ring or wedding rings, we know saving up can be inconvenient and stressful, which is why we've introduced up to 12 months Interest-Free Credit, alongside Interest-Bearing Credit for longer repayment terms, provided by V12 Retail Finance.
Find the right payment plan to spread out the cost of your engagement ring, at a pace that works for you.
Currently only available on in-store purchases, while we work on expanding finance options online.
V12 Financing
Interest-Free Credit (IFC)
If your loan total is between £1,000 and £20,000, you can enjoy 0% interest financing to split the cost of your purchase over either 6 months or 12 months. We'll just require a 25% deposit to initiate the order.
Interest-Bearing Credit (IBC)
For longer repayment terms from 24 months and upwards, an interest rate of 12.9% APR applies.
| 0% APR Finance 6 Month IFC Example | Cost Breakdown |
|---|---|
| Item Price | £3,000 |
| 25% Deposit | £750 |
| Credit Available | £2,750 |
| APR | 0% |
| Monthly Payments | £375 |
| Cost of Loan | £0 |
| 0% APR Finance 12 Month IFC Example | Cost Breakdown |
|---|---|
| Item Price | £3,000 |
| 25% Deposit | £750 |
| Credit Available | £2,750 |
| APR | 0% |
| Monthly Payments | £229.17 |
| Cost of Loan | £0 |
| 12.9% APR Finance 24 Month IBC Example | Cost Breakdown |
|---|---|
| Item Price | £3,000 |
| 25% Deposit | £750 |
| Credit Available | £2,750 |
| APR | 12.9% |
| Monthly Payments | £129.36 |
| Cost of Loan | £354.75 |
Am I eligible for financing my ring purchase?
Financing on your engagement ring or any other purchase is subject to eligibility, the details of which you can find below:
- Finance is subject to affordability
- You must be age 18+
- Subject to status
- Minimum credit is £1,000
- Maximum credit is £20,000
- In-store purchases only (not available online)
Book an appointment to order in-store and enquire about financing.
Will I have a credit check to receive V12 financing?
Yes, like most purchases made with financing, you will undergo a credit check during the application process.
How do I apply to finance an engagement ring or other purchases?
We can currently offer financing on in-store purchases, or can arrange for remote purchases via email or phone.
You will be able to apply in-store with the help of your dedicated ring consultant, once the ring has been chosen and the final price confirmed. Your ring consultant will complete the application process with you, or can send you a link to complete remotely in your own time.
The application is straight forward, and entails filling in a V12 application form with personal details like your name, employment information and bank details in order to set up a direct debit should your application be accepted.
You must pay the outlined deposit using a card registered in your own name, and cannot pay the deposit via bank transfer, cash, or with a card registered in someone else's name.
Regulatory Information
Queensmith (Group) Ltd is authorised and regulated by the Financial Conduct Authority and is the broker and not the lender.
Our FCA registration number is 951237. Queensmith (Group) Ltd offers credit products from Secure Trust Bank PLC trading as V12 Retail Finance. Credit is provided subject to affordability, age, and status. Minimum spend applies. Not all products offered by Secure Trust Bank PLC are regulated by the Financial Conduct Authority.