Can I get a loan for just one appliance, like a washing machine?

Absolutely. Personal loans are ideal for both single appliance purchases and entire kitchen remodels. With loan amounts starting as low as $500, you can finance a new Lowe's washing machine, dryer, refrigerator, or dishwasher without needing to borrow more than you need. This is a great option when a critical appliance fails unexpectedly and you don't have the cash on hand for an immediate replacement.

Is a personal loan better than the Lowe's 5% off credit card offer?

It depends on the total cost and your repayment plan. For a $2,000 appliance, the 5% discount saves you $100. However, the Lowe's card's high standard APR (often over 26%) means if you carry a balance for more than a few months, the interest charges could quickly erase that initial savings. A personal loan with a lower fixed APR over a longer term can be significantly cheaper overall, even without the upfront discount. It's best to calculate the total interest you'd pay on both options to see which is truly the better deal.

How quickly can I get funds to buy from Lowe's?

The process is very fast. After you apply online and are approved, you can often have the funds deposited directly into your bank account as soon as the next business day. This speed is crucial when you're dealing with a broken appliance. You can secure your financing, then head to Lowe's or shop on lowes.com with the confidence of a cash buyer, ready to take advantage of current sales.

Can I use the loan for Lowe's delivery and installation fees?

Yes. This is a major advantage of a personal loan. You request a loan amount that covers the total project cost, not just the sticker price of the appliance. You should factor in sales tax, delivery fees, professional installation costs, and even the cost to haul away your old unit. This ensures you have one simple payment for everything, rather than paying for the appliance with financing and then having to put the extra fees on a separate credit card.

What if I have bad credit but need Lowe's appliance financing?

While a higher credit score will secure better rates, options are available for those with fair or bad credit. Some lenders specialize in working with borrowers who have less-than-perfect credit histories. Be prepared for a higher interest rate, but it can still be a viable way to finance an essential home appliance when other options aren't available. Checking your rate with us allows you to see what you might qualify for without impacting your credit score.

Does this work for Lowe's online shopping as well as in-store?

Yes. Since the loan funds are deposited into your bank account, you have complete freedom. You can use your debit card or bank transfer to complete a purchase on the Lowe's website, or you can go to a physical store and pay at the register. The financing is independent of Lowe's, giving you the power of a cash buyer in any shopping environment.

Personal Loans for Lowe's Appliances

Finance your new kitchen appliances, washing machine, or dryer from Lowe's with a simple, fixed-rate personal loan.

Check Your Rate

When your refrigerator suddenly stops cooling or the washing machine gives out mid-cycle, you need a replacement fast. Lowe's is a top destination for major brands like Whirlpool, Samsung, and GE, but figuring out the best way to pay for a big-ticket purchase can be stressful. While in-store financing like the Lowe's Advantage Card is an option, it's not always the most flexible or transparent choice.

A personal loan offers a straightforward alternative for your Lowe's appliance financing. You receive a lump sum of cash that you can use for your purchase—including taxes, delivery, installation, and even extended warranties. With a fixed interest rate and predictable monthly payments, you know exactly what you're paying from day one, with no surprises.

Is In-Store Financing Really the Best Deal?

The Lowe's Advantage Card's 'special financing' often involves deferred interest, which can be a costly trap if you don't pay it off in time.
A personal loan has a simple, fixed interest rate. Your rate never changes, and there's no deferred interest cliff to worry about.
A store credit card might not offer a high enough limit to cover a full kitchen appliance package or a premium washer and dryer set.
With loan amounts from $500 to $10,000, you can get the funds you need to cover the exact appliances you want, not just what a store card allows.
Store financing is tied to one store. What if you find a better deal on installation or need to cover related renovation costs?
The funds from a personal loan are deposited directly into your account, giving you the flexibility to spend them where and how you need to.
Opening a new retail credit card for every major purchase can complicate your finances and impact your credit score.
A single installment loan provides a clear payment schedule and can be easier to manage than juggling multiple credit card bills.

Why a Personal Loan is a Smart Choice for Lowe's Appliances

Choosing the right financing is just as important as choosing the right dishwasher or refrigerator. A personal loan provides several key advantages over traditional retail credit, making it an excellent tool for your Lowe's appliance purchase. The primary benefit is clarity. Unlike promotional financing that can have confusing terms, a personal loan offers a fixed Annual Percentage Rate (APR) and a set repayment term. This means your monthly payment is the same every month, making it easy to budget for your new appliance without worrying about a future interest rate shock. This structure empowers you to shop during a Lowe's appliance sale with confidence, knowing your financing is already secured.

Furthermore, a personal loan provides unmatched flexibility. The loan isn't tied to Lowe's; it's cash you can use for the entire project. This can cover:

The cost of the appliances themselves, whether it's a single washing machine or a full suite of kitchen appliances.
Lowe's delivery and installation fees, which can add a few hundred dollars to your total bill.
Haul-away services for your old appliances.
Extended warranties or protection plans for peace of mind.

This comprehensive approach ensures you can cover the full cost of your upgrade without needing to dip into savings or use a high-interest credit card for the extras.

Get Your Appliance Funding in 3 Simple Steps

1
Check Your Rate Online
Fill out a short form with some basic information. This takes about two minutes and won't impact your credit score.
2
Review Your Loan Offer
If you qualify, you'll see your loan amount, APR, and monthly payment. Choose the option that works best for your budget.
3
Get Funded and Shop at Lowe's
Once you accept the loan and complete verification, funds are often deposited into your bank account as soon as the next business day. You can then shop at Lowe's online or in-store.

How Much Will My Lowe's Appliances Cost?

The cost of appliances at Lowe's can vary significantly based on brand, features, and whether you're buying during a sale. A personal loan can cover anything from a budget-friendly washer to a high-end kitchen package. Understanding the potential costs helps you request the right loan amount.

Example: Lowe's Kitchen Appliance Package

Mid-Range French Door Refrigerator Whirlpool, Samsung, or GE	$2,200
Stainless Steel Dishwasher Quiet model with third rack	$800
Electric or Gas Range Freestanding with convection	$1,100
Over-the-Range Microwave Matching brand	$400
Tax, Delivery & Installation (Est.) Varies by location	$500

Estimated monthly

$173/mo

Based on a $5,000 loan with a 3-year term at 15% APR. Your actual rate will vary.

See What Your Monthly Payment Could Be

Get a personalized rate estimate in minutes without affecting your credit score.

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Lowe's Appliance Financing: Personal Loan vs. Store Credit

When you're at the checkout, Lowe's will likely offer you their Advantage Card. While the instant 5% discount can be tempting, it's crucial to compare the long-term costs and flexibility against a personal loan. For many buyers, especially those purchasing multiple appliances, a personal loan provides more predictable and often more affordable financing. Let's break down the key differences.

Financing Options for Lowe's Purchases

Feature	Personal Loan	Lowe's Advantage Card
Interest Rate	Fixed APR (e.g., 8-35.99%)	High standard APR (~28%); 0% promotional periods often have deferred interest
Flexibility	Cash can be used anywhere for any related cost (delivery, install, etc.)	Can only be used for purchases at Lowe's
Repayment	Fixed monthly payments over a set term (e.g., 2-5 years)	Revolving credit with minimum payments; interest accrues on remaining balance
Best For	Large purchases, appliance packages, and predictable budgeting.	Smaller purchases or for those who can pay off the full balance before a promotional period ends.

Example scenario

Our fridge died the week before Thanksgiving. The Lowe's card limit wasn't enough for the model we needed. Getting a personal loan was fast, we got the cash the next day, and bought the perfect refrigerator without the stress. The fixed payment is so much easier to manage.

Mark and Jessica P.·Homeowners, Charlotte, NC

Qualifying for an Appliance Loan

Lenders review several factors to determine your eligibility for a personal loan. While requirements vary between lending partners, they generally look for a stable financial profile that shows you can comfortably manage the new monthly payment. Understanding these criteria can help you prepare your application and improve your chances of securing a competitive rate.

What Lenders Look For

Credit Score: Most lenders prefer a score of 600 or higher. A score above 670 will generally qualify you for more competitive interest rates.
Verifiable Income: You'll need to show a steady source of income through pay stubs, bank statements, or tax returns to prove you can afford the loan payments.
Debt-to-Income (DTI) Ratio: Lenders look at your total monthly debt payments divided by your gross monthly income. A DTI below 40% is generally preferred.
Credit History: A history of on-time payments and responsible credit use demonstrates to lenders that you are a reliable borrower.

Even if your credit isn't perfect, options may still be available. Some lenders specialize in loans for fair or bad credit, though interest rates may be higher.

Find Out if You Qualify in Minutes

Checking your rate is free and won't hurt your credit score.

See My Loan Options

Loan amount: $500 – $10,000
APR: 7.99% – 35.99%
Term: 24 mo – 60 mo

Your actual APR depends on credit score, loan amount, loan term, and credit usage & history. Not all applicants will be approved.

Frequently Asked Questions

Questions About Financing Lowe's Appliances

Can I get a loan for just one appliance, like a washing machine?
Absolutely. Personal loans are ideal for both single appliance purchases and entire kitchen remodels. With loan amounts starting as low as $500, you can finance a new Lowe's washing machine, dryer, refrigerator, or dishwasher without needing to borrow more than you need. This is a great option when a critical appliance fails unexpectedly and you don't have the cash on hand for an immediate replacement.
Is a personal loan better than the Lowe's 5% off credit card offer?
It depends on the total cost and your repayment plan. For a $2,000 appliance, the 5% discount saves you $100. However, the Lowe's card's high standard APR (often over 26%) means if you carry a balance for more than a few months, the interest charges could quickly erase that initial savings. A personal loan with a lower fixed APR over a longer term can be significantly cheaper overall, even without the upfront discount. It's best to calculate the total interest you'd pay on both options to see which is truly the better deal.
How quickly can I get funds to buy from Lowe's?
The process is very fast. After you apply online and are approved, you can often have the funds deposited directly into your bank account as soon as the next business day. This speed is crucial when you're dealing with a broken appliance. You can secure your financing, then head to Lowe's or shop on lowes.com with the confidence of a cash buyer, ready to take advantage of current sales.
Can I use the loan for Lowe's delivery and installation fees?
Yes. This is a major advantage of a personal loan. You request a loan amount that covers the total project cost, not just the sticker price of the appliance. You should factor in sales tax, delivery fees, professional installation costs, and even the cost to haul away your old unit. This ensures you have one simple payment for everything, rather than paying for the appliance with financing and then having to put the extra fees on a separate credit card.
What if I have bad credit but need Lowe's appliance financing?
While a higher credit score will secure better rates, options are available for those with fair or bad credit. Some lenders specialize in working with borrowers who have less-than-perfect credit histories. Be prepared for a higher interest rate, but it can still be a viable way to finance an essential home appliance when other options aren't available. Checking your rate with us allows you to see what you might qualify for without impacting your credit score.
Does this work for Lowe's online shopping as well as in-store?
Yes. Since the loan funds are deposited into your bank account, you have complete freedom. You can use your debit card or bank transfer to complete a purchase on the Lowe's website, or you can go to a physical store and pay at the register. The financing is independent of Lowe's, giving you the power of a cash buyer in any shopping environment.

Ready to Upgrade Your Appliances?

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Finalize Your Financing and Enjoy Your New Appliances

Personal loan disclosure

Money Savvy is not a lender. We are a marketing service that connects consumers with participating lenders. Rates, amounts, and terms vary by lender, your credit history, and other factors.

Loan amounts: $1,000 – $100,000
Repayment terms: 3 – 84 months
Min APR: 5.99%
Max APR: 35.99%
Origination fees: 0% – 10% of the loan amount
Late fees: May apply; vary by lender

Representative example: A $10,000 loan with a 36-month term at an 18.99% APR would have an approximate monthly payment of $366.39 and a total cost of $13,190.04, including interest and a $500 origination fee.

Your actual APR depends on your credit score, income, and other factors. Only borrow what you can afford to repay.

California residents: California Financing Law disclosures available upon request.