Selecting (and affording) the right engagement ring can often be tricky—the right engagement ring loan even trickier.

For many, the engagement ring announces your shared love and marriage to the world—and sending the correct message is important. The drive to pick the perfect ring can make keeping within your budget hard, however. The average engagement ring cost is hardly an easy expense.

While Prosper may not be experts at finding the right engagement ring, we can help you apply for a great rate jewelry loan to purchase it.

Through us, you may be able to slash your fees and charges by half compared to traditional engagement ring financing.

Get a Loan for an Engagement Ring

Financial Engagement Realities

Many times, happy events like engagements can bring unhappy financial strings attached. This can be especially true for those of you who are young and just starting lives of your own. When looking for engagement ring financing, it's important to compare the final APR—including both interest rates and fees—before choosing your jewelry loan. Banks require homeownership for a home equity loan, while credit cards or jewelry stores may offer very high interest rates.

There's no doubt about it: Engagements cost money, which can distract you from all the planning time you'll need. Engagement ring cost alone can be more than you're prepared for. Other than the ring, you'll also have engagement announcements to make; engagement parties to plan; and engagement poems to compose.

Don't start your lives together by digging yourselves into a deep financial hole, thinking you'll worry about it later. Prosper can help you get a great rate on a three-year loan term right now. Applying is easy.

You're A Real Person at Prosper

After you join Prosper as a borrower, simply provide us with your financial background and explain your engagement needs to our community. This gives you a chance to tell your story.

You see, unlike the typical way of applying for a loan elsewhere, Prosper connects you to a social network of lenders—many of whom look beyond just your credit score. That's not to say it isn't an important component, but our community tends to look at more than that. If you're young with a good—but perhaps short—credit history, feel free to apply.

Prosper gives you the opportunity to present a more fully rounded picture of yourself, not just numbers. Explain why the engagement ring cost is so important to you, as well as how you plan to make your payments.

Select the Right, Affordable Engagement Ring

You're more likely to have your loan funded if you demonstrate that you're a financially responsible person. Our community of lenders wants to see that your jewelry loan used for engagement ring financing can be comfortably repaid within your three-year term. Please keep this in mind as you consider your engagement proposal ideas.

Prosper simply brings borrowers and lenders together, giving both sides a chance to get a fair rate. We have no stake in pricing transactions; instead, Prosper strives to be as open, transparent and straightforward as possible.

Apply now for your unsecured loan. You needn't be a homeowner, or list any of your property as collateral. In addition, your payments will never rise since they are fixed, so you can better predict your monthly expenses.

At Prosper, our goal is to provide a financially and socially rewarding way to invest in each other. Join us.

Get a Loan for an Engagement Ring