Can I get a loan just for appliances, like a washer and dryer?

Absolutely. Many people seek out specific 'washer dryer financing' or 'kitchen appliance financing.' A personal loan is perfect for this. You can apply for a smaller loan amount, such as $2,000 to $3,000, specifically to cover the cost of these essential machines, including delivery and installation fees. It's often a much better deal than using a high-interest store credit card.

Is it better to use store financing or a personal loan for furniture?

While store financing can be convenient, a personal loan typically offers more advantages. The interest rate on a personal loan is often lower than a store credit card's standard rate. Most importantly, a personal loan gives you cash to shop anywhere, allowing you to hunt for the best deals at various stores, buy used items, or purchase from online retailers that don't offer financing.

How quickly can I get funds to buy my new furniture?

The process is designed to be fast. After you apply online and are approved, funds are often deposited directly into your bank account in as little as one business day. This speed is a huge benefit when you're trying to take advantage of a limited-time sale on appliances or furniture and need to act quickly.

What credit score is needed for appliance or furniture financing?

Most of our lending partners look for a minimum credit score in the 600-620 range. However, some lenders specialize in working with borrowers with lower scores. A higher credit score (700+) will generally give you access to more offers with lower interest rates and more favorable terms. Checking your rate with us won't affect your score, so it's the best way to see what you may qualify for.

Can I finance a whole house of furniture with one loan?

Yes, that's one of the primary benefits of using a personal loan. Instead of opening multiple lines of credit at different stores, you can secure one larger loan (e.g., $10,000 to $15,000 or more, depending on your qualifications) to finance a whole house of furniture and appliances. This simplifies your finances into a single monthly payment and makes your total budget much easier to track.

Can I use a personal loan for Ashley Furniture financing?

Yes. A personal loan can be thought of as a universal financing tool. Once the funds are in your bank account, you can use them to pay for your purchase at Ashley Furniture, or any other furniture retailer, just as you would with cash or a debit card. This gives you more negotiating power and frees you from the terms and conditions of their in-house financing programs.

Appliance & Furniture Financing for Your New Home

Turn your new house into a home without draining your savings. A personal loan can cover the cost of furniture, appliances, and decor upfront.

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The Excitement of Moving In, The Stress of Moving Up

My savings are depleted after paying for the move, security deposit, and first month's rent.
A personal loan provides a lump sum of cash so you can furnish your home now and pay it off over time in predictable monthly installments.
The sticker shock is real. A new refrigerator, washer, and dryer cost thousands of dollars.
Appliance financing lets you get the essential machines you need immediately, breaking down a large expense into manageable payments.
Every store offers its own credit card, and I don't want to juggle five different high-interest bills.
A single personal loan can be used at any store, for any brand, giving you one simple payment to manage for all your purchases.
My new apartment is completely unfurnished and feels empty and unwelcoming.
A loan to furnish your apartment can help you buy everything from a bed to a dining table at once, making your new space feel like home faster.

How a Personal Loan Helps Furnish Your New Home

After the boxes are unpacked, the reality of an empty home sets in. A personal loan for new furniture acts as a bridge, allowing you to purchase everything you need in one go. Unlike store-specific financing that locks you into one retailer, a personal loan provides cash that you can use anywhere—from major retailers like Best Buy for appliances to specialty stores like Ashley Furniture. This flexibility is key when you're trying to find the perfect pieces that fit your style and budget.

The structure of a personal loan is ideal for a large, one-time expense like furnishing a home. You receive a single lump sum and repay it with fixed monthly payments over a set term, typically 2 to 7 years. This predictability makes budgeting much easier than managing the variable, high-interest rates of multiple retail credit cards. Whether you need comprehensive appliance financing for a full kitchen suite or just need to finance a washer and dryer, a personal loan provides a straightforward path to getting what you need now.

Get Your Furniture & Appliance Loan in 3 Steps

1
Complete a Quick Application
Fill out our simple online form in minutes. It's secure and checking your eligibility won't affect your credit score.
2
Compare Your Loan Offers
If you qualify, you'll see offers 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 approved, funds are typically deposited directly into your bank account, often as soon as the next business day.

Example: Cost to Furnish a 2-Bedroom Apartment

Living Room (Sofa, Coffee Table, TV Stand) $1,500 - $4,000	$2,750
Primary Bedroom (Bed, Mattress, Dresser) $1,200 - $3,500	$2,350
Kitchen Appliances (Fridge, Stove, Microwave) $2,000 - $5,000	$3,500
Washer and Dryer Set $900 - $2,500	$1,700

Estimated monthly

$235/mo

Based on a $10,300 loan with a 5-year term at 14% APR.

As you can see, the costs add up quickly. A personal loan allows you to cover these significant upfront expenses without compromise, ensuring you don't have to sleep on an air mattress for months or live without the convenience of in-home laundry. This example is just a guide; your actual costs will vary based on your choices and needs.

See What Your Monthly Payment Could Be

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

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Loan amount: $3,000 – $15,000
APR: 7.99% – 35.99%
Term: 24 mo – 84 mo

Loan amounts, APRs, and terms vary by lender and are subject to a credit assessment. Not all borrowers will qualify for the lowest rates. The final rate you receive will depend on your credit history, income, and other financial factors.

Personal Loans vs. Other Furniture Financing Options

When you're at the checkout, you'll likely be offered store financing or a branded credit card. While tempting, it's crucial to understand how these options compare to a personal loan. Each has its own pros and cons, and the best choice depends on your financial situation and shopping habits.

Comparing Your Financing Choices

	Personal Loan	Store Credit Card	Rent-to-Own
Typical APR	8% - 35.99%	20% - 30% (often deferred)	Extremely high effective rates
Flexibility	Use funds at any store	Locked to one retailer	Locked to one retailer's items
Ownership	You own the items immediately	You own the items immediately	You don't own until all payments are made
Simplicity	One loan, one payment	Multiple cards if shopping around	Complex contracts

Explore a More Flexible Financing Option

A single personal loan gives you the freedom to shop anywhere for the best deals on appliances and furniture.

Compare Loan Offers

What Lenders Look For

Credit Score: Most lenders prefer a score of 600 or higher. A better score generally unlocks lower interest rates.
Stable Income: Lenders need to see that you have a reliable source of income to make your monthly payments, especially after a recent move.
Debt-to-Income (DTI) Ratio: This compares your monthly debt payments to your gross monthly income. A lower DTI ratio is favorable.
Credit History: A history of on-time payments demonstrates financial responsibility and can strengthen your application.

If you've recently relocated for a new job, be prepared to provide an offer letter or recent pay stubs to verify your new income. Improving your application can be as simple as ensuring all your other bills are paid on time and checking your credit report for errors before applying.

Smart Strategies for Financing Your New Furniture

Using a loan to furnish your home is a major financial decision. Approaching it with a clear plan will help you get the most value for your money and avoid common pitfalls.

Prioritize Essentials First: Before you shop for decor, make sure you have funds allocated for the non-negotiables: a bed, a place to sit, a refrigerator, and a washer/dryer. Get these basics covered first.
Measure Everything: Measure your rooms, doorways, and hallways before you buy. There's nothing worse than financing a beautiful sofa that you can't get into your apartment.
Look Beyond "0% APR" Deals: Those introductory offers from stores often come with a catch, like deferred interest. If you don't pay off the entire balance in time, you could be hit with a massive interest charge backdated to the purchase date.
Borrow Only What You Need: Just because you're approved for a $15,000 loan doesn't mean you have to take it all. Create a realistic budget and stick to it to keep your monthly payments manageable.

Find out what you qualify for

The first step is seeing your options. It's fast and free.

Check Your Rate

Frequently Asked Questions About Furniture & Appliance Loans

Can I get a loan just for appliances, like a washer and dryer?
Absolutely. Many people seek out specific 'washer dryer financing' or 'kitchen appliance financing.' A personal loan is perfect for this. You can apply for a smaller loan amount, such as $2,000 to $3,000, specifically to cover the cost of these essential machines, including delivery and installation fees. It's often a much better deal than using a high-interest store credit card.
Is it better to use store financing or a personal loan for furniture?
While store financing can be convenient, a personal loan typically offers more advantages. The interest rate on a personal loan is often lower than a store credit card's standard rate. Most importantly, a personal loan gives you cash to shop anywhere, allowing you to hunt for the best deals at various stores, buy used items, or purchase from online retailers that don't offer financing.
How quickly can I get funds to buy my new furniture?
The process is designed to be fast. After you apply online and are approved, funds are often deposited directly into your bank account in as little as one business day. This speed is a huge benefit when you're trying to take advantage of a limited-time sale on appliances or furniture and need to act quickly.
What credit score is needed for appliance or furniture financing?
Most of our lending partners look for a minimum credit score in the 600-620 range. However, some lenders specialize in working with borrowers with lower scores. A higher credit score (700+) will generally give you access to more offers with lower interest rates and more favorable terms. Checking your rate with us won't affect your score, so it's the best way to see what you may qualify for.
Can I finance a whole house of furniture with one loan?
Yes, that's one of the primary benefits of using a personal loan. Instead of opening multiple lines of credit at different stores, you can secure one larger loan (e.g., $10,000 to $15,000 or more, depending on your qualifications) to finance a whole house of furniture and appliances. This simplifies your finances into a single monthly payment and makes your total budget much easier to track.
Can I use a personal loan for Ashley Furniture financing?
Yes. A personal loan can be thought of as a universal financing tool. Once the funds are in your bank account, you can use them to pay for your purchase at Ashley Furniture, or any other furniture retailer, just as you would with cash or a debit card. This gives you more negotiating power and frees you from the terms and conditions of their in-house financing programs.

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.