Financing Your Wedding Rings

Wedding Rings

In planning a wedding and setting a budget, and looking at all the various costs and expenses associated with the wedding, one expense that stands out, and is important to both the bride and groom are their wedding rings.

The wedding rings are a special part of the wedding and marriage itself. The token or symbol of one's love for another.

And there are so many different styles, and types of wedding bands. Yes, they can be a simple band, but do you want gold, silver, platinum, or palladium.

What about the thickness of the bands?

Do you want matching bands, inscriptions?

There is much to choose from and this is just the wedding bands.

There also is the cost to factor in for the wedding bands in your wedding budget.

Wedding bands can cost from a few hundred pounds to into the thousands. And the cost can easily send your budget into a financial spiral.

Making the decision to finance your wedding rings, is one way to keep the wedding under your budget, and also spread out the cost of the wedding bands over time.

Taking out a 12, 18, or 24 month financing arrangement allows you to buy the rings now, and have your special day, and pay for them over the next few months.


Engagement Rings

Wedding Ring

The same can be said of financing the engagement ring.

Potential grooms are told to spend three (3) month's wages on the engagement ring, and that it needs to cost this much, and other wedding and engagement rules.

Due to the expense and cost of many engagement rings, financing them is an option to reduce the amount of cash that is paid out prior to the wedding itself.

Many couples finance their wedding rings, and/or engagement rings, with the plans of using some of the gift money they receive at their wedding to repay these loans.

Benefits of a Buddy Wedding Loan

  • You can borrow up to £7,500 for any purpose for your wedding
  • Can be paid back over 60 months (5 years)
  • Competitive interest rate
  • Bad credit is not a problem
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Representative Example

Borrow
£3,250

Term
36 months

Repaying
£158.57 p/m

Total Repayable
£5,714.67

Interest Rate
41.16% (fixed)


Representative 49.9% APR.

Terms and Conditions apply. Suitable Guarantor required. All loans are subject to status and affordability checks prior to approval. All applicants must be 18 or over.

Minimum period for repayment: 12 months | Maximum period for repayment: 60 months | Minimum APR 49.8% | Maximum APR 49.9%
Representative example: Amount of credit £3,250 for 36 months. Interest (fixed at 41.16%): £2,464.57. Total amount payable of £5,714.67. Representative 49.9% APR (Variable). 36 repayments of: £158.57.