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Furniture and White Goods Loans

If you need quick cash to buy essential furnishings or domestic appliances, Savvy can help you get the funds you need.
$2100
|
|
|
|
|
$500
$50,000


Paid in 60 mins if approved*
  Written by 
Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.
Last updated
March 28th, 2025


Furniture and White Goods Loans

If you need quick cash to buy essential furnishings or domestic appliances, Savvy can help you get the funds you need.
$2100
|
|
|
|
|
$500
$50,000


Paid in 60 mins if approved*
Written by 
Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on Mar 28th, 2025

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

A furniture and white goods loan is a cash loan you can use to help cover the cost of essential household items, such as furnishings like beds and dining tables and large domestic appliances like fridges and washing machines. These loans can offer up to $5,000, providing quick access to cash if you need to buy or replace items in a hurry. Whether you’re moving into a new home or replacing outdated or faulty appliances, a furniture and white goods loan can make these larger purchases more manageable.

With Savvy's simple, streamlined application process, you can be approved in 60 seconds and have funds in your account in as little as an hour. Start your application now!

How much will my furniture and white goods loan cost?

When it comes to cash loans, there are two main factors that influence your total loan cost: how much you borrow and how long you take to repay it.

In Australia, loans up to $2,000 have an establishment fee up to 20% of the loan amount and a monthly fee of up to 4% of the loan amount, with a repayment period ranging from 16 days to 12 months. Loans from $2,001 to $5,000 have a different fee structure, with a maximum $400 establishment fee and an annual interest rate of up to 48% to be paid back over as long as 24 months. 

Let’s look at an example to see how this works in action:

Stan wakes up to find his fridge-freezer has broken down. Without an immediate replacement, the food inside will thaw and spoil. He finds a store offering same-day delivery for a new fridge-freezer if he places his order by 1pm – however, a new model will set him back $1,000, money he doesn’t have to hand.

Stan decides to apply for a quick loan. The loan is approved and funded within a couple of hours, allowing him to get his new fridge that day. He then pays back the loan back in instalments. This is how much the loan would cost him in total depending on whether he paid it back over six months or a year:

Loan amount

Loan term

Establishment fee

Monthly fee

Fortnightly repayment

Total cost

$1,000

6 months

$200

$40

$111

$1,440

$1,000

12 months

$200

$40

$65

$1,680

If Stan chooses the shorter repayment period, he will have higher fortnightly repayments but pay less in total. This option could be ideal if Stan’s budget allows for higher payments, as it would save him money in the long run. However, if his finances are tighter, the larger repayments may put a strain on his cash flow.

On the other hand, if Stan opts for the longer repayment period, he will have smaller, more manageable fortnightly payments, but he will end up paying more overall. This could be a better option if he needs to prioritise affordability in the short term. Ultimately, the best option depends on Stan’s ability to repay the loan comfortably.

Why apply for a small loan with Savvy?

Cash loan eligibility and information

Furniture loans frequently asked questions

Can I pay off furniture loans early?

You definitely can. One of the things about cash loans is they’re supposed to provide a convenient, cost-effective way to spread repayments for larger purchases over time. They’re a flexible finance solution, which means if you discover you no longer need the facility during the loan term, you can repay without paying any extra fees whatsoever. You can also make extra repayments during the loan.

Can I extend my furniture loan during the term?

You won’t be able to make any adjustments to the amount or term of the loan while it’s running, so it’s essential to think carefully before you apply and cover all the items and expenses you’re going to need. Lenders need you to repay your existing loan before you take out another one, so it’s worth giving things some thought before you borrow.

Do I need to provide security with a cash loan?

Cash loans for furniture are unsecured loans, which means you don’t have to use your new items as collateral when you borrow. Unlike most car loans, the lender won’t hold a claim over your furniture during the finance term.

Can I use a loan to pay for multiple household items?

Yes – you will receive your small loan as a cash lump sum, which gives you the flexibility to choose how you want to spend it. You don’t need to buy something specific or just one single item and you can mix and match the things you purchase. For example, if you’re planning to renovate your kitchen, you can buy several new appliances at once.

Do I need to be in full-time employment to apply for a furniture and white goods loan?

No – almost anyone can apply for a furniture and white goods loan, regardless of employment status. As long as you can show a regular form of income, you could get a small loan if you’re self-employed, casual or part-time and if you’re receiving Centrelink payments. Lenders assess applicants based on their ability to pay a loan back, so if you can afford it, you’re likely to get approved.

 

Are there alternatives to a cash loan to buy furniture and appliances?

Yes – if you are buying your furniture or white goods new, some shops and companies offer payment plans that allow you to spread the cost over time. Similarly, you might be able to use buy now, pay later (BNPL) to break down the costs into manageable instalments. This can be convenient if you are unable to cover the full cost up front, but it’s important to read the small print so you are aware of the full cost of borrowing, including any potential fees.

 

Small loans to suit your circumstances

Apply now

Cash loan cost table

Small (SACC) loansMedium (MACC) loans
Minimum loan amount$100$2,001
Maximum loan amount$2,000$5,000
Minimum loan term16 days16 days
Maximum loan term12 months24 months
Repayment scheduleWeekly, fortnightly or monthlyWeekly, fortnightly or monthly
Establishment feeUp to 20% of your loan amountUp to $400
InterestN/AUp to 48.00% p.a.
Monthly feeUp to 4% of your loan amountIncluded in the 48.00% p.a. maximum
Example loan$1,500 loan over six months repaid fortnightly

Costs: $1,500 (loan amount) + $300 (establishment fee) + $360 (4% fees over six months)

Total cost: $2,160, repayable in instalments of $167 per fortnight
$3,000 loan over 12 months repaid fortnightly

Costs: $3,000 (loan amount) + $400 (establishment fee) + $912 (total interest over 12 months)

Total costs: $4,312, repayable in instalments of $166 per fortnight

Disclaimer:

The information on this website is of general nature and does not take into consideration your objectives, financial situation or needs.

For loans between $2,050 and $5,000, the APR is between 21.24% (minimum) and 48% (maximum) per annum. Comparison rate of 65.4962%. Minimum term is 16 days and maximum term is 24 months. The cost of the loan is a $400 establishment fee and monthly interest charged on the amount borrowed. For example, a loan of $3,000 over 3 months with an APR of 48%, (comparison rate of 65.4962%), will have an establishment fee of $400, monthly repayments of $1,225.20. Total repayments of $3,675.60 and total interest payment of $275.60.

Warning: A comparison rate indicates the true cost of a loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.

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