When a household appliance breaks down, you need a financial solution ASAP

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When one of the most important appliances in your home is out of order, you need a quick solution. Replacing a household appliance can be costly. Luckily, there are cash loans available that can help the everyday Australian get finance for an appliance straight away.

Start your application for a cash loan now. Get in touch with Club Money today.

Step 1: Repair or replace?

When an appliance breaks down, you have two main options for a solution. You can either repair or replace your appliance. Weigh up and decide which option will benefit you in the long run.

If you’re thinking about repairing your appliance, there are certain questions you should ask yourself. How old is the appliance? If you’ve owned a washing machine for over ten years, is it really worth repairing when it’s just going to break down again soon?

Make the comparison

Appliance Estimated repair cost Estimated replacement cost Average lifetime
Refrigerator $109-$325+ $900-$8,000 6-15 years
Oven $110-$160+ $650-$2,000 10-15 years
Washer $140-$300+ $350-$1,000 8-12 years
Dryer $130-$180+ $400-$1,000 8-12 years
Dishwasher $100-$300+ $400-$700 8-10 years

Source: Angies list.com

Repairs

Compare the cost of multiple repairs to that of purchasing a new model. You may be surprised to know which option is cheaper. In some cases, the repair may not be costly at all if your model is still covered under warranty.

Replacements

Replacing your appliance can have many benefits too. Purchasing a newer, more reliable model can save you more money in the long run. Do your research and find a model with positive reviews. Consider the features of a new model and how well they suit your household’s usage. An extended warranty can also provide you with financial security for your new purchase in case it does break down.

Step 2: Choose a loan option

A white good loan opens up many opportunities for purchasing a new appliance. When your fridge breaks down, you need a quick fix. A same day loan may be the perfect solution for your situation.

As the name suggests, you can get access to a same-day loan on the day you apply for it. Getting instant access to a loan may be helpful because it:

  • Could enable you to buy a new appliance on the same day your old one breaks down.
  • May also help you pay for a repair service faster.
  • Gives you the opportunity to shop around and browse for a new model sooner.

When you’re approved for a loan, you’ll know exactly what price bracket you have for buying a new appliance. With a slow application process, some lenders can take days to confirm and send you a cash loan.

Depending on your financial situation, there could be a range of repayment options available to you. Weigh up your options for repayment and find one that suits your income and lifestyle before getting approved.

Step 3: Apply today!

Payday lenders and small loan suppliers such as Club Money are well equipped to help you out with a white good loan. Unlike traditional lenders, Club Money has a quick and easy online application process for loans. A faster online application process enables you to get access to funds sooner than most traditional lenders.

How to apply online:

  • Read our lending criteria
  • Get your bank details, drivers licence and/or medicare card ready
  • Fill in the online application form (which can take as little as 5 minutes)
  • During business hours you’ll receive approval (30+ minutes after submission)
  • Once approved, money will be transferred to your account (can take as little as 2 hours)

It’s a common concern for a customer to get confused and misled by terms and conditions of a cash loan. Club Money is a highly-regulated service that endeavours to provide transparency in loan terms. After being approved for a loan you’ll know the exact amount of repayments, the costs involved and any default fees applicable.

Club Money can provide loans to applicants with low income, low savings or even a bad credit rating. So no matter what your past financial history is like, Club Money will endeavour to find a solution catered to you. Find out what type of cash loan you qualify for. Contact Club Money today.