Ring Loans

Engagement Ring Loans

  • Loan amount up to R250,000
  • Interest 20%
  • Term 1 - 12 months
  • Loan amount R500 – R8,000
  • Interest 0,1% per day
  • Term 5 – 37 days
  • Loan amount R500 - R8,000
  • Interest 5%/month
  • Term 1 - 3 months
  • Loan amount R500 - R40,000
  • Interest 5%
  • Term 1 - 24 months
  • Loan amount R500 - R5,000
  • Interest 5%
  • Term 1 - 31 days
  • Loan amount R1,000 – R150,000
  • Interest max 24.5%
  • Term 12 – 60 months
  • Loan amount R1,000 - R250,000
  • Interest 20%
  • Term 6 - 84 months
  • Loan amount R1,000 - R250,000
  • Interest 27,75%
  • Term 12 - 60 months
  • Loan amount R1,000 - R150,000
  • Interest 10%
  • Term 2 - 6 years
  • Loan amount R100 - R250,000
  • Interest 28%
  • Term 2 - 60 months
  • Loan amount R500 - R4,000
  • Interest 18,60%
  • Term 4 days - 6 months
  • Loan amount R5,000 - R200,000
  • Interest 21,90%
  • Term 2 - 6 years
  • Loan amount R250 - R350,000
  • Interest 15%
  • Term 1 day - 84 months
  • Loan amount R2,000 - R200,000
  • Interest 27,50%
  • Term 1 - 84 months
  • Loan amount R500 – R15,000
  • Interest from 28%
  • Term 6 – 18 months

Are you going to take a serious step in your life and get engaged? Do you lack enough money to organize a first-class engaging event or buy a ring? Direct axis will be a perfect option to resolve all your financial issues. Finding a perfect method to pay for a ring and a reliable lending company may be a matter of concern. Read on to choose the most suitable way to borrow money and avoid high charges.

Brief Guide to Engagement Ring Loans

The price tag for an engagement ring may be rather hefty. When your budget is limited, you will hardly purchase the ring of your spouse’s dreams. That is where dedicated engagement loans come on stage. You never know when the love venture will take you. So, it is always good to have a backup plan at hand. This guide will show you the most popular way to get extra money for your wedding expenses with all upsides and downsides covered.

Proven Methods to Get Additional Money

The modern financial market offers several options of MPOWA loans for engagement rings. Some of them have higher interest rates, while others can be prolonged for a period you need. If you approach an online lender, you can use a calculator on the website to get a better look at the interest rates and other charges you will need to cover. Familiarize yourself with the options you can use to borrow money from a financial institution.

Unsecured Personal Loans for Engagement Rings

This type of borrowing doesn’t require identifying any type of collateral. Since you don’t provide any rights to access your assets in case you fail the repayment, the lender can increase the interest rate. The personal loans for engagement rings may be as much as R300 000, and you can take them for a long period (up to 5 years).


  • Streamlined process of an application approval
  • Flexible repayments
  • Long-term borrowing


  • High interest rates
  • Aren’t suitable for applicants with bad credit scores

Secured Personal Loans for Engagement Rings

Although secured loans have lower interest rates, they require providing collateral. The most popular examples of collateral are vehicles and houses/apartments. It may also be any other property you own. In case you don’t pay off your debt, the lender has the right to keep your collateral. That is why you should be sure you can make repayments on time in order not to lose your property. When you buy a ring, you can identify it as collateral.


  • Affordable interest rates
  • Ability to use the borrowing for other expenses


  • More complicated application process
  • Ability to lose your assets

Short-Term Payday Loans

These are short-term cash advances that can also serve as engagement ring loans credit. Usually, they don’t require checking the credit scores, so feel free to apply even if you have a spoiled credit history. It is necessary to repay the borrowing on your next payday (when you get a salary). You will need to identify a date of repayment in the lender-borrower agreement.


  • Affordable interest rates
  • Quick application approval


  • You will need to cover the debt in a short period (usually 30 days)
  • It is possible to borrow only small amounts of money up to R3000

Final Word

Whether you have an excellent credit score or you want to avoid engagement rings loans bad credit, feel free to apply to online lenders to get urgent money. By borrowing from reputable companies, you will get an opportunity to purchase preferable jewelry without breaking a bank. All you need is to research the market and carefully study the terms and conditions of a particular lending company.

TOP 7 Engagement Ring Loans May 2024
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