Get the Engagement Ring Financing You Need

Engagement Ring Financing

Selecting (and affording) the right engagement ring can often be tricky—the right engagement ring loan even trickier. For many, an engagement ring announces your shared love and marriage to the world, so sending the correct message is important. The drive to pick the perfect ring can make keeping within your budget hard. The average engagement ring cost is hardly an easy expense.

While we at Prosper may not be experts at finding the right engagement ring, we can help you apply for a great rate on a 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

Often, happy events like engagements can have unhappy financial strings attached. 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. The engagement ring cost alone can be more than you're prepared for. Other than the ring, you'll 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 right now. Applying is easy.

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 the loan used for your engagement ring financing can be comfortably repaid within the term allotted (either one, three, or five years, depending on how you qualify). Please keep this in mind as you consider your engagement proposal ideas.

Prosper 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 other property as collateral. In addition, since the loans are fixed rate, your payment amount will never change, so you can better predict your monthly expenses. Join us.

Get a Loan for an Engagement Ring

Does my credit score affect my loan?

Yes. Most lenders will look at your credit history, and Prosper lenders are no exception. If you are sure you have bad credit, you may want to consider improving it before you apply. If you are not sure of your credit score, we can help you find out now, for free, with no obligation.

The Prosper community does not require "perfect credit." If you have an average to an above average credit rating, one way to expedite your loan funding is to ask another Prosper member (especially a lender) to endorse you. Don’t know any other Prosper members personally? Invite a friend to join.


APR starting at

for best borrowers**
Rates from 5.99% to 36.00% APR

Loan Types

* Based on one year personal loans made to first time borrowers with an AA Prosper Rating. To qualify for an AA Prosper Rating, applicants must have excellent credit and meet other conditions. APRs by Prosper Rating range from 5.99% (AA) to 36.00% (HR) for first time borrowers. The average APR for borrowers during the period May 1, 2014 through October 31, 2014 was 17.87%.  Rate offered is based on Prosper Rating and other factors, and your actual rate may differ. Eligibility for a loan is not guaranteed and requires that a sufficient number of investors commit to fund your loan. Refer to Borrower Registration Agreement for all terms and conditions. All loans made by WebBank, an FDIC-insured, Utah-chartered Industrial Bank.