Engagement Ring Finance
Frequently Asked Questions
- Can I apply for finance?
- What finance options are available?
- How much deposit amount do you require?
- What is the required minimum order amount for finance?
- Who is the actual finance provider?
- Can I repay my loan early?
- How quickly will my application be processed?
- How do 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.
- 6 months interest free, 0% APR. Minimum order amount required is £500.00. Minimum deposit amount is 10%.
- 12 months interest bearing, 15.9% APR. No minimum order amount required. Minimum deposit amount is 10%.
- 24 months interest bearing, 15.9% APR. No minimum order amount required. Minimum deposit amount is 10%.
- 36 months interest bearing, 15.9% APR. No minimum order amount required. Minimum deposit amount is 10%.
- 48 months interest bearing, 15.9% APR. No minimum order amount required. Minimum deposit amount is 10%.
We require only minimum 10% of the final order amount as deposit. Say 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 25% of order value (whichever is higher). The maximum deposit amount payable is capped accordingly.
- For 6 months interest free finance plan we require a minimum order amount of £500.00
- For 12, 24, 36 and 48 interest bearing finance plans we do not require any minimum order amount.
Your finance is with V12 Retail Finance . We ("HJ Diamonds Limited", trading as Shining Diamonds) act as licensed credit brokers between our customers and V12 Retail Finance.
You can settle your loan at any time. Simply contact V12 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.
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.
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.