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A washing machine that won’t drain. A cooker that refuses to turn on. A fridge that’s finally given up and isn’t keeping your food fresh. Sadly, the appliances that keep our homes running, don’t have a lifetime guarantee. Preparing yourself for when your household appliances fail without warning, can result in a big pay-out.
If you need financial assistance, loans for white goods (also known as household appliance loans) can help you cover unexpected costs when a household appliance is broken. If you need the loan urgently, you can get it quickly and repay the loan within a month or up to 36 months as per your preference. But keep in mind that the interest rate will be higher for a larger loan amount and longer repayment period.
Before you apply for a loan, it’s a good idea to check if you’re eligible. Each lender may be different but to be eligible for a white goods loan with Sunny, you must be:
Meeting these requirements doesn’t guarantee that you will be accepted for a white goods loan as your credit score and ability to make repayments are also considered. But it can identify if you’re more likely to obtain a loan or not.
For many, having to find the funds to get their appliance fixed or buy a new one can be stressful. Before you apply for a loan, run through these checks to ensure you don’t need to borrow money to fund a repair or new purchase.
When it comes to checking if you can fix it yourself, the first step is to refer to the instruction manual. The problem might be listed with a clear solution to follow. You can also find instructions online or search for video tutorials. If you’re not sure that you have the skills required to complete the fix successfully, though, don’t try. You could cause more damage!
There are some simple checks you can carry out to diagnose the problem and make sure it isn’t something small that could easily be repaired. Here are some of the most common issues for a range of appliances:
|Problem With Appliance
|What To Check
|Tumble dryer won’t run a cycle
|Check the lint filter and ensure this isn’t compacted with dust and fluff. If it’s blocked, the machine won’t turn on. If you have a condenser dryer, check the water collection tray, and empty this if necessary.
|The dishwasher isn’t cleaning properly
|Top up the salt and rinse the aid. Check the spray arm and remove any limescale or food debris as this can block the holes where water is dispersed.
|The fridge isn’t as cool anymore, or is freezing food
|Check the thermostat dial hasn’t been accidentally knocked onto the wrong setting when putting food back in the fridge.
|The fridge is leaking
|A blocked draining system might be the cause, leading to water pooling on the bottom shelves and leaking out onto the floor. Clean out the drainage at the back, ensure it’s free of mould and there is no food stuck back there, then leave to see if this fixes the problem.
|The fridge has gone dark
|Listen to it. Check if you can still hear the motor running. If this is the case it’s likely the bulb has just gone inside the fridge – an easy fix!
|The oven won’t turn on
|Change the fuse in the plug. Or it could be the cooker switch on the wall. If the problem persists you may need to arrange for a repairman or electrician to visit.
|The washing machine isn’t filling or draining properly
|This could be caused by a kinked drain hose. Check the connection at the back and ensure the drainage hose isn’t bent. If it is, straighten it so water can easily run through.
According to this guide from Checkatrade, these are the average charges for fixing common issues that occur with home appliances.
|Average Price of Repair
|£80 – £250
|£45 – £445
|£75 – £105
|Washing Machine Repair
|£60 – £250
|Tumble Dryer Repair
|£80 – £340
|Washing Machine Repair Parts
|Average Price of Repair
|New Door Seal
|New Motor Brushes
|Dishwasher Repair Parts
|Average Price of Repair
|Supply and Fit New Pump
|Supply and Fit New Motor
|Supply and Fit New Heating Element
Average Fridge Repairs
|Fridge Repair Parts
|Average Price of Repair
|Supply and Fit New Door Seal/Gasket
|Supply and Fit New Thermostat
|Replace Ice Maker
There are several ways to pay to get your white goods fixed or replaced. We’ve pulled together a round-up of the most used options.
We know this isn’t an option for everyone, but if you have any savings put aside, it’s best to use these before you consider applying to borrow money to cover the cost of a new appliance or repairs.
A trusted friend or family member may be able to loan you the money you need to cover the cost of repairing or replacing that appliance or, depending on the appliance, allow you to use theirs while you save up or wait until payday to buy a new one.
Applying for White Goods Loan
At Sunny, we can help when it comes to covering the cost of a home appliance that has stopped working. Our brokers partner offers access to loans ranging from £100 to £2,500 and can be paid back over 3 – 36 months depending on the amount you borrow. This allows you to spread the cost of your borrowing over a period that suits you. If you’ve considered your options and feel that this is the best way forward, you can find out more about our loans here.
0% Interest Credit Card
One of these allows you to cover the cost and then pay back what you’ve borrowed during the interest-free period. It’s important you budget and pay back what you’ve borrowed within this timeframe, to ensure you aren’t hit with interest charges later.
Many electrical appliance retailers offer finance deals with 0% interest over some time. This kind of credit is known as a hire purchase agreement, arranged with a finance provider the store you’re buying your new home appliance from has partnered with. You get to take your new appliance home the same day, but pay for it in instalments over a while – usually up to five years – with no interest charged. However, these deals are typically only offered to those with a very good credit history, so if you think you may need to use a finance deal to buy a new appliance, check yours and take steps to improve it now before you need to apply for credit.
You may also come across finance deals from retailers who specialise in loans where you can pay a small amount each week for your new appliance, spreading the cost over several months or even years. While this is an attractive prospect when you need a new appliance urgently and don’t have the cash upfront to pay for it, these types of deals, more often than not, will come with interest payable. You may also find that the choice available is quite limited, and you may end up settling for an appliance that doesn’t do everything you need to access weekly payment options.
If you’re able to, it’s usually much more cost-effective to purchase your new appliance outright than to borrow money to cover the cost. If you do decide to borrow money to pay for a new appliance, though, then here are a couple of things to consider as you choose your new appliance and lender:
Want to know more about short-term loans? Take a look at our guide pages to learn more about different types of loans and what we offer here at Sunny.
Representative Example: Borrowing: £1000 for 18 months, Total Repayable: £1853.43, Total Interest: £853.43, Interest Rate (Variable): 89.9%. Rates between 9.3% APR and 1721% APR – your no-obligation quote and APR will be based on your personal circumstances. Loan term lengths from 3 to 36 months. Subject to lender’s requirements and approval.
Sunny Loans is a registered trading name of Upward Finance Limited, who is an introducer appointed representative of Flux Funding Limited, who is a credit broker, not a lender. Loan repayment terms are 3-36 month loans.
Warning: Late repayment can cause you serious money problems. For help, go to www.moneyhelper.org.uk.
If it’s very old, it’s probably not running very efficiently anyway and so this may be a good opportunity to change it for a newer, more energy efficient model. While you’ll need to find the money to fund this purchase up front, you will save money over time on your energy bills.
Sometimes we purchase a home appliance and, over time, find it doesn’t have all the features we need, but we make do. If this is the case with the appliance that’s broken, perhaps this is reason enough to buy a new one that has all the features you need. If it’s an appliance that suited your needs perfectly before it broke, however, getting it repaired may be best, in case you can’t find a like for like replacement.
Sometimes, fixing one large part costs close to the original price of the appliance. If this is the case, it’s probably more cost effective to simply buy a replacement. If a professional wants to charge £100 to repair a washing machine that cost you £200 and could go wrong again, it doesn’t make sense to pay out for this.