White Goods Loan – What Are Your Options For Appliances?

A white goods loan may be a great option for securing essential household appliances. However, there are plenty of different options out there helping low-income people purchase essential goods. Monzi is here to explore these options with you, as well as touch on our own lender-finding service.

White goods for low-income families Australia

These days, certain household appliances can be regarded as essential as electricity or hot water. However, more and more Aussies are finding it harder to afford these goods.

As a result, initiatives have been set up by the Australian Government, as well as other private organisations, that help low-income individuals and families purchase the goods they need. We will explore these options in a moment.

What are white goods?

Essentially, white goods refer to the major electrical appliances used domestically. In the past, these appliances were almost exclusively covered in white enamel paint, hence the name. However, despite appliances being available in a variety of colours now, they are still referred to as white goods.

White goods can be roughly divided into the following categories:

Refrigeration equipment, which can include:

  • Freezers
  • Fridges
  • Water coolers

Cooking goods, including:

  • Stoves & ovens
  • Microwaves

Washing and drying equipment:

  • Washing machines
  • Dryers
  • Dishwashers

Heating and cooling appliances, including:

  • Air conditioners
  • Heaters

Government options for white goods

There are Government initiatives, both State and Federal, that may be able to help low-income people afford the essential household appliances they need.


If you receive certain Centrelink payments, you may be eligible to sign up for Centrepay. In short, you can use Centrepay to arrange regular deductions from your Centrelink payment.

As a result, Centrelink customers can set up a Centrepay deduction to cover essential household items, such as white goods.

To find out more about Centrepay, visit the Department of Human Services’ website.

Centrelink white goods loan

Wondering if you can get a loan from Centrelink?

You may be able to access part of your Centrelink benefit early, through an Advance Payment. As the name suggests, this is an advance on your current Centrelink benefit, that is then repaid interest-free out of your future payments.

To see if you are eligible, visit Centrelink’s page on Advance Payments.

NSW white goods scheme

If you are a New South Wales resident, you may be able to trade in your old appliances and receive a discount on a new replacement, through the appliance replacement offer.

Depending on your situation, you could save:

  • 40% off the cost of a new fridge.
  • 50% off the cost of a new television.

Not only will you receive a discount on your new appliance, but a more energy-efficient model may reduce your electricity bills and other costs.

To see if you qualify, visit the NSW Government’s website.

Man standing in front of oven bought with white goods loan

Community white goods loan schemes for low-income Aussies

Outside of the Government, there are certain initiatives set up by private community organisations, that can also assist you with the purchasing of white goods.

No Interest Loan Scheme (NILS)

The No Interest Loan Scheme is an initiative of Goodshepherd Microfinance. Goodshepherd specialises in offering affordable finance, specifically designed for people on a low income.

What is a NILS loan? Well, as its name suggests, NILS aims to provide low-income individuals and families with safe and fair credit, without any interest. Loans can be applied for up to $1,500 for household essentials, like white goods.

To be eligible to apply with NILS, you will need to:

  • Have a health care card/pension card or earn less than $45,000 after tax.
  • Have resided in your current address for more than 3 months.
  • Show a willingness and capacity to repay your loan.

In addition, NILS customers are able to sign up for Good2GoNow. Good2GoNow is a partnership between Goodshepherd and The Good Guys, offering free delivery on the entire range of products offered by the latter.

You can find out if you qualify for NILS here.

Free white goods for low-income Australian families

If you are in need of free white goods, you could potentially take matters into your own hands. In other words, you may be able to find free white goods available yourself and avoid taking out a loan. With the power of the internet, especially, you would be surprised at what you can find.

Facebook Marketplace

Since launching in 2016, Facebook Marketplace has quickly become one of the leading swap and sell platforms in the country.

Moreover, plenty of people use Facebook Marketplace to give away items they simply don’t need anymore. Therefore, it is a win-win for both parties; you get free appliances, the seller has a free removal service.


Gumtree is a platform much like Facebook Marketplace. In short, you may be able to snap a washing machine that somebody is dying to give away.

However, it is important to be cautious when browsing for free goods. After all, certain people are genuinely giving away perfect-condition appliances. On the other hand, there may be other misleading users, looking for a free junk removalist service.

Roadside collection

Certain city and state governments may run a roadside collection for large household items. Depending on where you live, there may either be a designated week for collections. Alternatively, you may need to book your own date for waste collection.

People often throw away perfectly good machines and appliances, simply because they want them gone. This is, we suppose, both the blessing and the curse of our consumer-centric society.

Monzi Loans

If you are looking to finance the purchase of new white goods, you could potentially consider applying for a personal loan. Personal loans can be spent on essentially any personal expense, including white goods or a new boat.

Finding the right lender online, however, can be difficult if you aren’t sure where to look. This is where Monzi can come in.

Our lender-finder service will aim to match you with a credit provider, potentially offering you a white goods loan.

Am I Eligible?

We’ve kept our eligibility criteria as open as possible. Moreover, you will just need to say yes to a few basic questions:

  • Are you an Australian Citizen or Permanent Resident?
  • Are you at least 18 years old?
  • Do you have a personal email address and mobile number?
  • Have you been earning a regular income for the past 90 days?

If you can say yes to all of the above, you can get started with Monzi!

Apply in 1, 2, 3

Matching with a lender shouldn’t be a hassle, and it shouldn’t take up half your day. After all, who wants to spend their time scrolling through pages upon pages of different credit providers? Not us, that’s for sure.

That’s why Monzi’s lender-finder service is so simple and easy to use, you could lodge an application in minutes. Are you ready to get started? Here’s how you can:


The first step in the process is to scroll up to the loan slider at the top of the page. Our intuitive slider is easy to use; simply select the amount you’re thinking of applying for, as well as your ideal repayment terms.

You’ll be given examples of what your weekly, fortnightly and monthly repayments may look like. Keep in mind though, these estimates are just a rough guide. Moreover, the actual cost of your loan will vary depending on the lender.


You’ll now be taken to our submission form. Here, we’ll need a few pieces of pretty important information, so make sure all your info is up to date. Once you have completed the form, we’ll take over.


After you complete your submission, our automated system will take over. In short, we’ll aim to match you with a credit provider, potentially offering personal loans from $300 to $10,000.

We’ll aim to give you an outcome as soon as possible. Regardless of whether we can match you or not, we’ll always keep you in the loop.

If you’re paired with a lender, they’ll be in contact. Finally, they’ll conduct their own assessment of your application and, if you’re approved, send through a digital loan contract.

Case study: Joshua’s new dryer

Joshua, an accountant in the city, has just had his dryer break down.

Usually, Joshua would be able to afford a new dryer himself. However, he has recently returned from an overseas trip, and his budget is unusually tight. As a result, he decides to look at his white goods loan options.

After realising his salary makes him ineligible for a NILS loan, or any government assistance, he decides to explore his other options.

After browsing online for second-hand white goods, Joshua finds an almost-new dryer, being sold for $700. Joshua decides to crunch some numbers and realises it may be a good option to take out a small loan to cover the cost of the second-hand dryer, and then pay it back out of his salary over the coming months.

Bad credit considered

At Monzi, we understand credit scores don’t always paint the entire picture. After all, a few financial mistakes can hang around like a bad smell. In short, who can confidently say they are the same person they were a few years ago?

Luckily, Monzi’s network of trusted lenders share in this philosophy. In other words, the lenders we work with can dig a little deeper, and may be able to look past a below-average credit score.

In particular, the lender you’re paired with may be able to focus on your employment status, and current ability to afford the repayments when assessing your short term loans application for bad credit.

Credit check? No stress

Credit checks do not need to feel like a scene from a horror movie.

If these two words send a shiver down your spine, you may have had a bad experience in the past. Moreover, traditional lenders like banks and credit unions often put a lot more importance on a good credit rating. However, the credit providers Monzi works with may be able to do things a little differently.

Keep in mind, Monzi cannot guarantee whether or not a credit check will happen on your application. We can, however, guarantee that it is not the only thing they look at.

Why do you ask for my online banking details?

While this may seem initially weird, there is a very good reason behind it.

Both Monzi and our network of lenders employ some of the latest in safe-banking technology. In other words, when you supply your banking details, our system is able to grab a read-only copy of the last 90 days of your bank statements.

Then, potential lenders are able to quickly and efficiently get a good understanding of you and your relationship with money. Moreover, credit providers will be able to see your regular income and expenses, as well as how you’ve been handling any other repayments you have.

In addition, by digitally accessing bank statements, consumers do not need to manually send through any documentation. Therefore, you do not need to stress about finding and organising old bank statements.

What if I receive Centrelink?

If you receive Centrelink, consider all the options available to you before applying for a personal loan. You may be eligible for a government or community loans scheme. In most cases, this is preferable to a personal loan.

However, if you do want a personal loan, but receive Centrelink, you can still apply with Monzi. Monzi’s network of lenders may be able to offer personal loans ranging from $300 to $10,000, which can be used to purchase new white goods.

Approval, however, is always at the discretion of the lender themselves. Moreover, credit providers may differ in terms of their policies surrounding Centrelink recipients. Specifically, some lenders may be unable to accept certain Centrelink benefits, while others may have a limit on how much of your income Centrelink payments can make up.

And, if I’m unemployed?

Again, as mentioned above, please consider all government and charity white goods loans scheme before applying for a a no credit check loan for unemployed. Especially if you are unemployed, government or charity assistance is likely much more preferable to a personal loan.

Consider what we listed above, including:

  • Centrelink Advance Payment.
  • Centrepay.
  • Appliance replacement offer (NSW residents only).
  • No Interest Loan Scheme (NILS).

Can I get a white goods loan same day?

Let’s say your dishwasher breaks. Between the panic and the mounting sink of dirty dishes, there is little time to spend waiting for your finance to arrive. Therefore, if you are in dire need of a cash loan, you want a lender that can make things happen quickly.

Depending on the lender you’re paired with, you may indeed be able to access your loan the same day you’re approved. However, there are also variables at play that may affect how long it takes to transfer your funds.

So, be aware of the following when looking for same day loans:

  • If you approve your contract outside of normal business hours, your funds may not be transferred until the following business day.
  • Lenders may only transfer your funds the next business day if you approve your contract over the weekend.
  • If your lender needs additional information from you, they may need to pause processing your loan. Therefore, aim to supply all relevant information the first time you apply.

What about guaranteed approval?

Monzi cannot find you lenders offering a loan with guaranteed approval.

We understand that being assured approval no matter what seems, initially, quite attractive. However, consumers should tread very carefully if they come across a lender offering guaranteed approval. Why? Well, offering guaranteed approval goes directly against responsible lending obligations.

Australian Law requires credit providers to lend money responsibly. What does this mean exactly? Well, lenders need to be sure a loan product is suitable for your situation. To do this, lenders take the below three steps:

  1. Make inquiries into the consumer’s financial situation, as well as their objectives and requirements.
  2. Take reasonable steps to confirm the consumer’s financial situation.
  3. Make an assessment as to whether the loan product is suitable for the consumer or not.

A credit contract is considered suitable for the consumer if:

  • it meets the consumer’s needs and objectives; and
  • the consumer is able to afford the contractual repayments without experiencing significant hardship.

Obviously, if a lender is offering approval no matter what, they are not making any assessment of the credit contract’s suitability for the consumer.

Monzi means money

We love when our a lender from our network approves one of our clients for the loan they’re looking for. In short, we want to help as many Aussies as possible find the finance they need. As a result, we work with a wide network of lenders, offering personal loans from $300 to $10,000.

With such a wide variety of loan products potentially on offer, Monzi is able to cater to any client’s needs. More specifically, our lenders may be able to offer loans that can be split into three broad categories:

Small personal loan:

  • $300 to $2,000
  • 12 month repayment term
  • No security required

Medium personal loan:

  • $2,100 to $4,600
  • 13 to 24 month repayment term
  • Security required

Large personal loan:

  • $5,000 to $10,000
  • 13 to 24 month repayment term
  • Security required

The repayment terms offered on your actual loan may vary depending on the lender you’re paired with.

Therefore, if you have been searching for any of the below terms, Monzi may be able to help find you a lender.

White goods loanWhite goods loan for people on Centrelink
Centrelink white goods loanWhite goods loan for Centrelink

White goods loan 24/7

Consumers can use our lender-finder service whenever they want. After all, our 100% online service can be accessed from any internet-capable device. So, it doesn’t matter if it is 2 am on a Saturday, or lunchtime on a Wednesday, you can get started with Monzi.

Keep in mind, however, if you lodge an application outside of normal business hours, we may not be able to pair you with a lender until the following business day. In addition, your potential credit provider may not be able to assess your application until the next business day.

How do I make repayments?

Generally, you and your lender will reach an agreement on the repayment terms. This can include the loan term itself (how many months you have to repay), as well as the repayment schedule (weekly, fortnightly, or monthly repayments).

It is important you try and secure a repayment schedule that suits your lifestyle. For example, if your employer pays you fortnightly, it may be worthwhile considering a fortnightly repayment schedule.

A direct debit is set up from your account and automatically deducts your repayments. Your repayments will continue like this until your loan is fully repaid, at which point the direct debit will stop.

White good loan – Australia wide

Monzi is proud to service every corner of Australia. From Perth to Penrith, Launceston to Longreach; Monzi can try and find you a lender.

After all, we get what it’s like to live in Australia. If you live in Katherine, and your air conditioner breaks down in the middle of summer, Monzi knows how badly you need it fixed; you can even use your money to finance a pool. Conversely, if you’re heater breaks down in the middle of a Hobart winter, Monzi understands.

Let’s get going

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You won't use a penny to apply for our lender-finding service, but here's some costs you could expect from a lender

Loan amount

$300 - $2,000


12 months


20% upfront establishment fee

+ 4% monthly fee


Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR) %. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

Loan amount

$2,001 - $4,600


13 months

24 months


48% annual percantage rate

67.41% comparison rate p.a.


Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

The Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.

Loan amount

$5,000 - $10,000


13 months

24 months


21.24% annual percantage rate

48% comparison rate p.a.


Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

The Interest Rate for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.