Can I get a furniture loan with bad credit?

While a higher credit score will give you access to more options and lower interest rates, it is possible to get furniture financing with bad credit. Some lenders specialize in working with borrowers who have less-than-perfect credit. They may place more weight on other factors like your income and employment stability. Be prepared for a higher APR, but financing can still be an accessible option to get the furniture you need.

Do I have to buy from specific furniture stores like Ashley Furniture?

No, and that's a key benefit of using a personal loan. Unlike store-specific financing that locks you into one chain (like Ashley Furniture financing or a Rooms To Go credit card), a personal loan gives you cash. You can use these funds at any store you choose—from major retailers to online-only brands like Wayfair or even local independent shops and antique stores.

What's the difference between a furniture loan and using Affirm or Klarna?

Services like Affirm and Klarna are point-of-sale (POS) installment loans. They are convenient for single purchases, but each time you use them, you're opening a new, separate line of credit. A personal loan for furniture allows you to consolidate the cost of multiple items from multiple stores into one single loan with one monthly payment, which can be easier to manage.

Can I finance just one item, like a sofa, with a monthly payment plan?

Absolutely. Personal loans for furniture are available for amounts as low as $1,000, making them perfect for financing a single large item like a sofa, mattress, or dining room table. You don't need to be furnishing an entire house to take advantage of a low monthly payment plan.

How quickly can I get the funds for my furniture purchase?

The process is very fast. After you select a loan offer and complete the final application with the lender, approval can happen the same day. Once approved, many lenders can deposit the funds directly into your bank account in as little as one business day. This means you won't miss out on a sale or limited-stock item.

Are there 'no credit check' furniture financing options?

Most reputable lenders will perform a credit check as part of their approval process to assess risk. Be cautious of offers that promise 'guaranteed approval' or 'no credit check,' as they often come with extremely high fees and unfavorable terms. However, our initial rate-check process uses a 'soft' credit pull, which does not affect your credit score. This allows you to see what you might qualify for without any negative impact.

Get Furniture on a Monthly Payment Plan

Break down the cost of your dream furniture into affordable installments that fit your budget, without relying on high-interest store credit cards.

Check your rate

That perfect furniture set feels just out of reach.

The upfront cost is too high for your current cash flow.
A personal loan lets you get your furniture now and spread the cost over several years with a predictable monthly payment.
Store financing often comes with confusing terms or deferred interest 'traps'.
We connect you with lenders offering simple, fixed-rate personal loans, so your payment and interest rate never change.
Putting a $5,000 purchase on a credit card means high, variable interest.
Personal loans typically offer lower interest rates than credit cards, saving you significant money over time.
You don't want to wait months or years to save up, leaving your space unfurnished.
With funding in as little as one business day, you can finalize your purchase and schedule delivery this week.

How Furniture Financing with Monthly Payments Works

When you see an offer for 'furniture on monthly payments', it's often through a financing plan. One of the most common and flexible ways to achieve this is with an unsecured personal loan. Unlike store-specific financing which locks you into one retailer, a personal loan provides you with cash deposited directly into your bank account. This gives you the freedom to shop at any furniture store, online marketplace, or even buy a custom-made piece from a local artisan.

The process is straightforward. You apply for a specific amount—say, $5,000 to furnish your new apartment—and if approved, you receive the funds as a lump sum. You then repay the loan over a set period (the term), typically 2 to 5 years, through fixed monthly installments. Each payment includes a portion of the principal and interest. This structure makes budgeting easy because your payment amount never changes, allowing you to plan your finances with confidence.

Get Your Furniture Financed in 3 Simple Steps

1
Check Your Rate Online
Fill out our secure online form in about two minutes. This initial check won't affect your credit score.
2
Compare Your Offers
If you pre-qualify, you'll see loan options from our network of lenders. Compare APRs, terms, and monthly payments to find the best fit.
3
Receive Your Funds
Once you select an offer and are fully approved, funds are often deposited directly into your account as soon as the next business day.

Example: Financing a $4,000 Living Room Set

Sofa & Loveseat	$2,500
Coffee Table & Rug	$800
TV Stand & Lamps	$700

Estimated monthly

$139/mo

Based on a 36-month term at 15% APR. Your actual rate will vary.

The example above illustrates how a significant purchase can be broken down into a manageable monthly payment. The two key factors that determine your payment are the loan term (how long you have to repay) and the Annual Percentage Rate (APR). A longer term will result in a lower monthly payment, but you'll pay more in total interest. A lower APR, which is typically offered to borrowers with stronger credit profiles, will reduce both your monthly payment and your total cost.

See What Your Monthly Payment Could Be

Get a personalized estimate in minutes without any commitment or impact on your credit score.

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Typical Loan Terms for Furniture Purchases

Loan amount: $1,000 – $10,000
APR: 7.99% – 35.99%
Term: 24 mo – 60 mo

Your actual APR depends on credit score, requested loan amount, loan term, and credit history. Only borrowers with excellent credit will qualify for the lowest rates.

The flexibility of a furniture installment loan allows you to tailor the financing to your budget. If your top priority is the lowest possible monthly payment, you might opt for a longer term, like 60 months. If you'd prefer to pay the loan off faster and save on interest, a 24 or 36-month term might be a better choice. When you check your rate, you'll be able to see how different terms affect your potential payment.

Furniture Financing: Personal Loans vs. Other Options

	Personal Loan	Store Credit Card	Rent-to-Own
Interest Rates	Fixed, often lower than cards	High, often 25%+	Extremely high effective APR
Where to Shop	Anywhere (cash in hand)	Only at the issuing store	Only at the issuing store
Ownership	You own the furniture immediately	You own immediately	You don't own until final payment
Payment Structure	Fixed monthly payments	Variable minimum payments	Fixed weekly/monthly payments

While store cards and rent-to-own services offer convenience at the point of sale, a personal loan generally provides more financial control and better value. The freedom to comparison shop for your furniture and your financing separately is a major advantage, ensuring you get the best deal on both.

What You'll Need to Apply

Common Lender Requirements

Credit Score: Most lenders prefer scores of 600 or higher, but some partners work with borrowers across the credit spectrum. A higher score generally leads to better rates.
Verifiable Income: You'll need to show a steady source of income through pay stubs, bank statements, or tax returns to demonstrate you can afford the monthly payments.
Bank Account: A checking account is required for the lender to deposit your funds and for you to set up automatic payments.
Age and Residency: You must be at least 18 years old and a U.S. citizen or permanent resident with a valid Social Security number.
Debt-to-Income Ratio (DTI): Lenders look at your total monthly debt payments relative to your gross monthly income. A lower DTI can improve your chances of approval.

Example scenario

Furnishing my first apartment felt overwhelming. Getting a small loan let me buy quality pieces I'll have for years instead of settling for cheap stuff. The fixed monthly payment was way easier to budget for than a credit card.

Jessica M.·First-time Home Furnisher, Austin, TX

Find out what you qualify for

It's fast, free, and checking your eligibility won't ding your credit.

See My Options

Smart Shopping: Tips for Furniture Financing

Financing is a powerful tool, but it's important to use it wisely. Here are a few tips to ensure your furniture payment plan works for you, not against you.

Budget First, Shop Second: Before you fall in love with a high-end sectional, determine what monthly payment you can comfortably afford. Use that number to calculate your total loan budget.
Read the Fine Print: Always understand the terms of your loan agreement, including the APR, term length, and any potential origination fees. With a simple interest personal loan, there are no surprises.
Check for Prepayment Penalties: Most personal loans through our partners do not have prepayment penalties, meaning you can pay off your loan early to save on interest without being charged a fee. It's always good to confirm.
Factor in Delivery and Taxes: When applying for your loan, remember to include extra for sales tax, delivery fees, and any assembly services to avoid coming up short.

Frequently Asked Questions

Can I get a furniture loan with bad credit?
While a higher credit score will give you access to more options and lower interest rates, it is possible to get furniture financing with bad credit. Some lenders specialize in working with borrowers who have less-than-perfect credit. They may place more weight on other factors like your income and employment stability. Be prepared for a higher APR, but financing can still be an accessible option to get the furniture you need.
Do I have to buy from specific furniture stores like Ashley Furniture?
No, and that's a key benefit of using a personal loan. Unlike store-specific financing that locks you into one chain (like Ashley Furniture financing or a Rooms To Go credit card), a personal loan gives you cash. You can use these funds at any store you choose—from major retailers to online-only brands like Wayfair or even local independent shops and antique stores.
What's the difference between a furniture loan and using Affirm or Klarna?
Services like Affirm and Klarna are point-of-sale (POS) installment loans. They are convenient for single purchases, but each time you use them, you're opening a new, separate line of credit. A personal loan for furniture allows you to consolidate the cost of multiple items from multiple stores into one single loan with one monthly payment, which can be easier to manage.
Can I finance just one item, like a sofa, with a monthly payment plan?
Absolutely. Personal loans for furniture are available for amounts as low as $1,000, making them perfect for financing a single large item like a sofa, mattress, or dining room table. You don't need to be furnishing an entire house to take advantage of a low monthly payment plan.
How quickly can I get the funds for my furniture purchase?
The process is very fast. After you select a loan offer and complete the final application with the lender, approval can happen the same day. Once approved, many lenders can deposit the funds directly into your bank account in as little as one business day. This means you won't miss out on a sale or limited-stock item.
Are there 'no credit check' furniture financing options?
Most reputable lenders will perform a credit check as part of their approval process to assess risk. Be cautious of offers that promise 'guaranteed approval' or 'no credit check,' as they often come with extremely high fees and unfavorable terms. However, our initial rate-check process uses a 'soft' credit pull, which does not affect your credit score. This allows you to see what you might qualify for without any negative impact.

Ready to get started?

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.