Bring your appliance back to life with our short-term loans

Fast and flexible short-term loans for white goods

The last thing you need on a busy day is an oven that doesn’t heat up or a washing machine turning your kitchen into a bubble bath. And doesn't it always seem to happen at the most inconvenient time?

To help get your white goods repaired or replaced in no time, a short-term loan from Moneyboat could see money in your account today. New customers can borrow between £200 to £800 and spread the payments over 2 to 6 months. Returning customers can borrow up to £1,500.

How much does a loan for white goods cost?

Considering a flexible home appliance loan? Here’s what to expect from our short-term loans:

• Simple borrowing options: Borrow between £200 and £800 as a new customer – or up to £1,500 if you’ve been with us before
• Clear and flexible repayments: Repay your loan in manageable instalments over 2 to 6 months.
• Transparent costs: Our daily interest rate is 0.79%, with no surprise fees – you can also repay early at no extra cost.

Our short-term loans can offer temporary relief when you need a buffer to cover urgent costs. Our responsible lending stance means that we take every measure to check that any loan taken is affordable for you.

Representative example

Depending on the size of your loan and how long you wish to pay it off, here’s how much your Moneyboat loan could cost based on the last working day of the month:

Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative 1,267.9% APR.

Find out more about our financial promotions and Annual Percentage Rates (APR).

Warning: Late repayments can cause you serious money problems. For help, go to MoneyHelper.

How easy is it  to apply for a loan to cover white goods?

Applying for a short-term loan is quick and straightforward. You can apply on any device, anywhere, at any time. Our team will then review your application to make sure you’re a good fit.

Follow our easy steps below:

Our flexible borrowing solutions can provide a helping hand until payday, whether it’s an urgent loan for a surprise household bill or a way to pay for your MOT.

Head to our FAQs for more information about our responsible lending and application process.

Am I eligible for a Moneyboat loan?

Borrowers need to meet the following criteria to apply for a short-term loan with us:

• 18+
• Regular income of £1,000
• UK resident with UK bank account

As a fair and responsible lender, we’ll look at more than just your credit score – helping paint a broader picture of your finances. And having bad credit doesn’t mean you can't apply for an appliance loan.

Read more about our loan eligibility criteria with our helpful guide.

Is Moneyboat a reputable lender?

Your financial wellbeing is our priority. Everything we do is regulated and authorised by the Financial Conduct Authority (FCA), ensuring we provide clear and transparent costs and services – and that no one borrows more than they can afford. We’ll always check your affordability before we approve your loan for white goods repairs.

Is using a short-term loan for white goods right for me?

When your oven breaks down and payday feels far away, it can really throw your budget off track. If you want to avoid missing priority bills or struggling to afford repairs for faulty white goods, our loans could be a helpful option.

Before taking a short-term loan, see if any of the following steps can help you first:

• Find out if your appliance is under warranty.
• If you rent, check your tenancy agreement as your landlord may be responsible for fixing white goods.
• If the damage is caused by theft, fire, or flood damage, check if it’s covered under your home contents insurance
• Consider free marketplaces such as Freecycle and Reuse Network.
• See if you could be eligible for low-income support grants – Turn2us Grants Search can help you find relevant support.

If you can’t find an alternative solution, it’s important to review your budget to make sure that the cost of borrowing won’t put your finances under further strain.

If you need help reviewing your options, or you don’t know where to turn to talk about money, free financial support is available. Reach out to charity organisations such as StepChange, MoneyHelper, and the National Debtline for free, independent advice.

Discover more resources on bills, borrowing, and budgeting

Find more helpful guidance and insights on our Moneyboat blog, featuring expert articles on everything from budgeting and credit to payday loans.

Explore our topics below to continue your journey to financial confidence: 

*Learn more about our 15-minute funding terms and conditions.