A fridge that stops cooling, a washing machine that gives up halfway through a cycle or a bedroom without a bed cannot wait for next month's budget. Furniture and appliances are everyday essentials, yet they are expensive and tend to break down at the worst possible moment.
At iLoans, we help you find a loan that covers these costs, whether your credit record is spotless or not.
This page explains how furniture and appliance loans work, when borrowing makes sense, and how to make sure the repayments suit your budget.
Many people end up paying for household items through store accounts, which often limits you to one retailer's range and prices. A cash loan gives you more freedom.
You can compare prices, look for specials and choose the items that really suit your home, instead of settling for whatever a single store offers. Having the money in hand can also give you more room to negotiate.
The loan is yours to spend as you see fit. Common purchases include fridges and freezers, stoves and ovens, washing machines, microwaves, lounge suites, beds and mattresses, dining room sets, wardrobes and desks for school children. Many people also use a loan to furnish a first flat or a new house after a move, when several items need to be bought at once.
The right loan depends on how much you need and how long you want to repay it. For a small appliance or a single replacement, a microloan may be enough.
For a bigger purchase, such as furnishing several rooms, a personal loan with a longer repayment period keeps the monthly instalment lower. If you are also upgrading your kitchen or bathroom, take a look at our page on home improvement and renovation loans. You can see everything we offer under our loan products.
A damaged credit record does not automatically mean you must go without. We work with lenders who assess your income and expenses, not only your credit score, and we have options for consumers looking for loans for bad credit.
Depending on your situation, a lender may ask for security, such as a valuable asset, so make sure you understand what you are agreeing to before you sign.
It is easy to be tempted by a new lounge suite, but the total cost of borrowing matters as much as the price tag. Ask for a personal loan quotation first. It shows the interest and the repayment terms so that you know exactly what you will pay each month.
Choose an instalment that fits comfortably next to your rent, groceries, transport and other debit orders, and avoid borrowing more than you need.
All of our lenders are registered with the National Credit Regulator and must follow the National Credit Act, which means your affordability must be assessed before a loan is approved.
When you buy the goods themselves, the Consumer Protection Act gives you the right to return products that are faulty soon after purchase. If you have a dispute with a retailer or supplier, the Consumer Goods and Services Ombud may be able to help.
You should not have to live without the essentials while you wait to save. Our online application is quick and confidential, and our team will help you find a loan that matches your budget.
Get your home the way you need it.
