Get your house in order with a furniture loan!
Whether you’re moving house, replacing an old unit, or just need a style refresh, personal loans for furniture could be the solution! Furniture loans give you the extra cash needed to afford essential appliances or pieces of furniture. Our quick and easy loan process is 100% online, so you can have the money you need to finance furniture fast.
Tips for decorating your home on a budget
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What is a furniture loan?
A furniture loan is a personal loan that focuses on the costs of furniture pieces and white goods for your home. This loan will give you the option to purchase furniture pieces and repay in instalments. Swoosh will give you the flexibility needed to get everything in your new place sorted quickly. You can use a loan for furniture to purchase big and small household items, including:
- Fridge
- Washing machine
- Couch
- Dining table
- Microwave
- TV
You can even use furniture loans for a combination of items to help you get all the essentials at once.
How to apply for a furniture loan
How to apply for a furniture loan
Our furniture loans have a simple 3-step online application process. You can submit your application online today and receive the money into your bank account without the need for an in-person consultation.
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Complete an online application on your mobile phone, computer or tablet. Applications only take minutes.
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Approval of your loan is provided within 60 minutes of you providing require information (during business hours)*. The decision will arrive promptly – right in your inbox.
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After approval, an offer is sent to you via email. Once you’ve signed the contract, we’ll send the money directly to your bank account.
*Approval speed is conditional upon receipt of all requested relevant documents/information & usually comes within 1 hour during normal business hours/banking days. If you return your contract by 3:30pm AEST, your funds will be transferred overnight.
How fast can I get a loan for furniture?
The team at Swoosh specialises in same day loans*. We’ve built a fast, easy, online application process that takes only minutes to complete. And once we receive it, our assessors work fast to get money in your account before the day is done.
How much can I borrow for a furniture loan?
Swoosh offers small cash loans between $2,300-$5,000 for furniture or home appliances. All our loans are secured by a vehicle and a short term repayment period of 12 months.
Furniture loan rates and fees
We keep our cash loans simple to make repayments easy with no surprises, and no hidden fees. You can find out how it works in the table below:
| Loan amount | $2,300 – $5,000* |
| Fees: |
|
| Annual Interest | 47% (Comparison Rate 66.0347%)** |
| Term length | 12 Months |
|
Debit dishonour fee (if a scheduled payment is returned unpaid) | $39.95 |
| Repayment options | Weekly, fortnightly or monthly (based on your pay schedule) |
Interest is calculated daily based on the outstanding balance and applied to your account. Interest rates are fixed for the loan term — so you know exactly what to expect. If a scheduled payment is missed or returned unpaid, we may issue a $39.95 debit dishonour fee.
Find out more: rates and fees
Furniture loan eligibility
To be eligible for our furniture loans, you need to meet 4 simple criteria:
- Be at least 18 years old
- Employed for at least 3 months
- Be a permanent resident or valid visa holder of Australia
- Own a vehicle registered in your name
If you meet the above criteria and you’re in need of cash fast, apply for a loan today and we’ll take care of the rest.
Check eligibility
Responsible direct lender
As a responsible Australian lender, Swoosh will only approve loans we feel you will be able to repay. Our focus is on the here and now, looking at your current financial circumstances to determine your eligibility. So while we do perform a credit check on all applications, a bad credit score won’t necessarily stop you from getting a loan with us.
We’re looking out for you so you can get your loan for furniture – apply for a loan today.
Furniture loans FAQs
Got questions? We’ve got answers. Find find out more about applying, repayment, eligibility, credit & more.
Yes, it is possible to get a bad credit furniture loan with Swoosh. Your credit history is exactly that – history. We believe in responsible lending and consider every same day loan application on its individual merit.
There are a few options for financing your new furniture, you can choose from a furniture loan, personal loan, BNPL services or credit card. All of these methods have different pros and cons to consider. Look over each method before deciding the best way that will work for you, your budget, and your situation.
Read more: Personal Loan vs Credit Card
Nowadays furniture prices are through the roof and it’s even worse when you have to purchase furniture for an entire apartment or house. This leads to a big question of does a furniture loan affect your credit score? Every time a hard inquiry is done on a loan application, including a white goods loan, it is reported on the applicant’s credit history. This causes a temporary dip in your credit score. But as long as you meet your repayment requirements, a furniture loan will not have a long-term negative impact.
