Engagement Ring Finance

Frequently Asked Questions

  1. Can I apply for finance?
  2. What finance options are available?
  3. How much deposit amount do you require?
  4. What is the required minimum order amount for finance?
  5. Who is the actual finance provider?
  6. Can I repay my loan early?
  7. How quickly will my application be processed?
  8. How do I apply for finance?

Can I apply for finance?

To apply for finance you must meet the following criteria:

  • You must be over 18 years of age.
  • You must be UK resident with atleast 3 years continuous address history.
  • You must be in full time employment, unless retired or a house person with a spouse in full time employment.
  • You must have a UK bank account capable of accepting direct debits.
  • The goods must be delivered to your home address that is stated on the finance application.

What finance options are available?

  • 6 months interest free, 0% APR. Minimum order amount: £500.00. Minimum deposit amount: 10%.
  • 12 months interest free, 0% APR. Minimum order amount: £1500.00. Minimum deposit amount: 50%.
  • 18 months interest free, 0% APR. Minimum order amount: £2500.00. Minimum deposit amount: 50%.
  • 12 months interest bearing, 14.9% APR. No minimum order amount. Minimum deposit amount: 10%.
  • 24 months interest bearing, 14.9% APR. No minimum order amount. Minimum deposit amount: 10%.
  • 36 months interest bearing, 14.9% APR. No minimum order amount. Minimum deposit amount: 10%.
  • 48 months interest bearing, 14.9% APR. No minimum order amount. Minimum deposit amount: 10%.

How much deposit amount do you require?

We require minimum 10% of the final order amount as deposit (exclusion: 50% deposit on 12 and 18 months interest-free finance). Example: if your final order amount is £1,000.00 then we require a minimum deposit amount of £100.00 while placing your order and the rest £900.00 can be repaid via finance. You can also put a higher deposit amount if you would like to pay less amount as interest

The minimum loan amount (product price - deposit) should be atleast £250 or 50% of order value (whichever is higher). The maximum deposit amount payable is capped accordingly.

What is the required minimum order amount for finance?

  • For 6 months interest free finance plan we require a minimum order amount of £500.00
  • For 12 months interest free finance plan we require a minimum order amount of £1500.00
  • For 18 months interest free finance plan we require a minimum order amount of £2500.00
  • For 12, 24, 36 and 48 interest bearing finance plans we do not require any minimum order amount.

Who is the actual finance provider?

Your finance is with Close Brothers Retail Finance . We ("HJ Diamonds Limited", trading as Shining Diamonds) act as licensed credit brokers between our customers and Close Brothers Retail Finance.

Can I repay my loan early?

You can settle your loan at any time. Simply contact Close Brothers Finance and they will calculate and send you your settlement figure. Your settlement figure and date are calculated in line with the Consumer Credit Act.

How quickly will my application be processed?

Your application will be processed as soon as you complete your application online. You will receive an instant decision, Approved, Referred or Declined. You will be sent an email to confirm the status of your application as soon as it has been processed.

How do I apply for finance?

Select your desired product and add to basket. At the checkout payment method section select "Finance" payment method. You can then select a finance plan and set the deposit amount you want to put in.