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Moving house or just want a furniture refresh? Furniture loans give you the extra cash needed to afford the essential pieces of furniture after securing your property. Our quick and easy loan process uses a 100% online application. That means you can have the money you need to finance furniture fast.
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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 such as a fridge or washing machine for your home. The furniture loan can be used for small microwaves and dining chairs to upgrade the TV or buy a new fridge. 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.
How to apply for a furniture loan
Our furniture loans are 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.
1. Complete an online application on your mobile phone, computer or tablet. Applications only take minutes.
2. 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.
3. 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.
Start your loan application
*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 much can I borrow?
Swoosh offers small cash loans between $2,200-$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 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.
Rates and fees
Our simple cash loan structure is as follows:
| Loan amount | $2200 to $5000 |
| Application fee | $0 |
| Establishment fee | $400 |
| Other fees and charges | $16 |
| Annual Interest | 47% (Comparison Rate 66.0347%)** |
| Term length | 12 Months |
| Debit dishonour fee (if a scheduled payment is returned unpaid) | $35.00 |
| Repayment options | Weekly, fortnightly or monthly (based on your pay schedule) |
Interest is calculated daily on the outstanding balance. And your interest rate will be fixed for the loan term—so you know exactly what to expect.
Find out more: rates and fees
Responsible direct lender
As a responsible Australian lender, Swoosh will only approve loans we feel you will be able to repay, this is why we perform a credit check on all applications.
We’re looking out for you so you can get your loan for furniture – apply for a loan today.
Furniture Loan FAQs
Can I get a furniture loan with bad credit?
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.
Which is the best financing method when buying furniture?
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
What are white goods?
White goods are large household appliances that are generally used for home management and maintenance. White goods include items like refrigerators, washing machines, dryers and dishwashers. The name comes from the appliances typically finished in a white / neutral toned colour though these days the applicants come in a range of different colours.
How does a furniture loan affect your credit score?
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.
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The Swoosh difference
Our Cash Loans are available when you’re in a pinch — and we work hard to make it happen fast.
We put you first, ensuring you have all of the information upfront.
Swoosh Cash Loans give you the funds you need now from a lender you can trust.
Want to chat to someone?
Use our live chat or fill out the contact form to get in touch with a Swoosh Finance specialist
