Can I get a small loan for just a few hundred dollars for a microwave?

Yes. Many online lenders specialize in smaller personal loans, often starting around $500. This makes them a great fit for financing a mid-range to high-end microwave without needing to borrow more than necessary. When you fill out our form, we help connect you with lenders who offer loan amounts appropriate for your appliance purchase.

Does a microwave loan cover the cost of installation?

Absolutely. That's one of the key advantages of using a personal loan. The funds are deposited into your bank account as cash, giving you complete control. You can use the money to buy the over-the-range or built-in microwave from any retailer and also pay your contractor, electrician, or handyman for the installation.

Is it better to finance a microwave or put it on a credit card?

It depends on your situation. If you can pay off the credit card balance in full before interest accrues, that can be a simple option. However, if you plan to carry the balance, a personal loan is often superior. Personal loans typically offer a fixed interest rate that is lower than standard credit card APRs and a set repayment schedule, which prevents you from getting stuck in a cycle of minimum payments.

How quickly can I get funds if my microwave breaks suddenly?

The online lending process is designed for speed. The initial application takes only a few minutes. If you are approved by a lender and accept their offer, funds can often be deposited into your account as fast as the next business day, allowing you to address an unexpected appliance failure without delay.

Can I get a loan for a microwave drawer and other small appliances at the same time?

Yes. You can request a loan amount that covers the total cost of all the items you need. If you're doing a mini kitchen refresh and need a microwave, a new toaster oven, and a blender, you can bundle them all under a single personal loan for one easy payment.

Will checking my rate for a microwave loan affect my credit score?

No. The initial process of checking your rate uses a 'soft' credit inquiry, which does not impact your credit score. This allows you to see potential loan options and interest rates risk-free. A 'hard' credit inquiry, which can affect your score, is only performed by the lender if you choose to proceed with a specific loan offer.

Get Your New Microwave on Credit

Finance the perfect over-the-range, built-in, or microwave drawer model with a straightforward personal loan, covering both the appliance and installation costs.

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That dream kitchen upgrade feels just out of reach.

The high-end built-in microwave you want costs more than your credit card limit.
Our network offers loan amounts perfect for premium appliances, often starting from just a few hundred dollars.
You need to pay for professional installation, not just the appliance itself.
A personal loan provides flexible cash you can use for the microwave, installation, and any necessary cabinet modifications.
Store financing has confusing deferred-interest terms and surprise fees.
We connect you with lenders offering simple, fixed-rate loans with clear terms and predictable monthly payments.
Your old microwave died unexpectedly and you need a quality replacement now.
Our quick application process can lead to funding in as little as one business day if you're approved.

Why Use a Personal Loan for a New Microwave?

When you think of a personal loan, a kitchen appliance might not be the first thing that comes to mind. But today's microwaves are far more than simple reheating boxes. High-performance models like over-the-range (OTR), built-in, or sophisticated microwave drawers are significant investments, often ranging from $500 to over $1,500. Add the cost of professional installation—which can involve electrical work, cabinetry modifications, and proper venting—and the total expense can easily exceed what you'd want to put on a high-interest credit card.

A small personal loan for your microwave offers a smarter way to pay. Unlike store financing, which may only cover the appliance itself, a personal loan provides a lump sum of cash. This gives you the flexibility to purchase the exact model you want from any retailer and hire the best installer for the job. You get one simple, fixed-rate loan with a predictable monthly payment, making it easier to budget for your kitchen upgrade without the risk of revolving credit card debt.

Your Path to a New Microwave in 3 Steps

1
Complete Our Simple Form
Tell us how much you need to borrow and a bit about yourself. It takes just a few minutes and won't affect your credit score.
2
Compare Loan Offers
If you pre-qualify, you'll see potential offers from lenders in our network. Compare APRs, terms, and monthly payments.
3
Receive Your Funds
Once you select an offer and are approved by the lender, funds are typically deposited directly into your bank account, often by the next business day.

Breaking Down the Cost of a High-End Microwave Project

Over-the-Range Microwave Appliance Cost	$400 - $900
Built-in / Drawer Microwave Appliance Cost	$800 - $1,800
Professional Installation Labor for electrical, venting, mounting	$150 - $400
Trim Kit / Cabinet Work For a seamless, built-in look	$100 - $300

Estimated monthly

$59/mo

Based on a sample $1,200 loan with a 24-month term at 18% APR. Your actual rate and payment will vary.

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Get personalized rate estimates in minutes without impacting your credit score.

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Typical Loan Terms for Appliance Financing

When you finance a microwave, the loan parameters are designed for smaller, specific purchases. You won't be borrowing a large sum for a decade. Instead, lenders offer terms and amounts that make sense for this type of home upgrade, allowing you to pay it off quickly and affordably. Below are the typical ranges you might see, though your specific offers will depend on your credit profile, income, and the lender's policies.

Loan amount: $500 – $2,500
APR: 7.99% – 35.99%
Term: 12 mo – 36 mo

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

Financing Options for Your Microwave Purchase

	Personal Loan	Store Financing	Credit Card
Use of Funds	Appliance + Installation	Appliance Only	Anything
Interest Rates	Fixed, predictable	Often 0% intro, then high	Variable, often high
Repayment	Fixed monthly payment	Varies, complex terms	Minimum payment trap
Best For	One payment for the whole project	Simple, in-store purchases	Small purchases you can pay off quickly

What Do Lenders Look For?

Common Lender Requirements

Credit Score: Most lenders look for scores of 600 or higher, with the best rates reserved for those with good to excellent credit.
Verifiable Income: You'll need to show a steady source of income from a job, self-employment, or other verifiable sources.
Debt-to-Income Ratio (DTI): Lenders check that your existing debt payments aren't too high relative to your income, ensuring you can afford a new payment.
Bank Account: An active checking account is required for the lender to deposit your funds and for you to make automated payments.
Age and Residency: Applicants must be at least 18 years old and a U.S. citizen or legal resident.

If your credit is borderline, you can strengthen your application by ensuring all your other bills are paid on time and checking your credit report for errors before applying.

Find Out if You Qualify in Minutes

Our secure form makes it easy to see your options.

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Smart Financing for Your Kitchen Upgrade

Getting a loan for a new microwave is straightforward, but a little planning goes a long way. Avoid common pitfalls to ensure your financing is as efficient as your new appliance.

Measure Twice, Buy Once: Before you apply, confirm the exact dimensions for your over-the-range or built-in model. Ensure your loan amount covers the specific appliance that will fit your space.
Get Quotes for Installation: Don't guess the installation cost. Get a firm quote from a handyman or electrician to include in your loan amount so you're not caught short.
Account for Origination Fees: Some personal loans include an origination fee, which is deducted from the loan proceeds. Be sure to read the loan agreement so you know the final amount you'll receive.
Avoid Over-borrowing: Just because you are approved for a higher amount doesn't mean you should take it. Stick to the budget for your microwave project to keep your payments low and pay less in total interest.

Microwave Loan Questions

Can I get a small loan for just a few hundred dollars for a microwave?
Yes. Many online lenders specialize in smaller personal loans, often starting around $500. This makes them a great fit for financing a mid-range to high-end microwave without needing to borrow more than necessary. When you fill out our form, we help connect you with lenders who offer loan amounts appropriate for your appliance purchase.
Does a microwave loan cover the cost of installation?
Absolutely. That's one of the key advantages of using a personal loan. The funds are deposited into your bank account as cash, giving you complete control. You can use the money to buy the over-the-range or built-in microwave from any retailer and also pay your contractor, electrician, or handyman for the installation.
Is it better to finance a microwave or put it on a credit card?
It depends on your situation. If you can pay off the credit card balance in full before interest accrues, that can be a simple option. However, if you plan to carry the balance, a personal loan is often superior. Personal loans typically offer a fixed interest rate that is lower than standard credit card APRs and a set repayment schedule, which prevents you from getting stuck in a cycle of minimum payments.
How quickly can I get funds if my microwave breaks suddenly?
The online lending process is designed for speed. The initial application takes only a few minutes. If you are approved by a lender and accept their offer, funds can often be deposited into your account as fast as the next business day, allowing you to address an unexpected appliance failure without delay.
Can I get a loan for a microwave drawer and other small appliances at the same time?
Yes. You can request a loan amount that covers the total cost of all the items you need. If you're doing a mini kitchen refresh and need a microwave, a new toaster oven, and a blender, you can bundle them all under a single personal loan for one easy payment.
Will checking my rate for a microwave loan affect my credit score?
No. The initial process of checking your rate uses a 'soft' credit inquiry, which does not impact your credit score. This allows you to see potential loan options and interest rates risk-free. A 'hard' credit inquiry, which can affect your score, is only performed by the lender if you choose to proceed with a specific loan offer.

Ready to Find Your Rate?

Our simple form guides you through the process, and you'll see real offers before you commit.

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Ready to heat things up in the kitchen?

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.