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Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. Any calculations made by you using this calculator is intended as a guide only.
Are you looking to buy a TV layby? Whether your display is too small, your screen resolution is poor quality, your old TV has broken or you want to move to a LED TV to make more efficient use of power, there can be many reasons why you might be thinking about upgrading your TV. With so many TV deals online and in store, when it comes to purchasing a new TV, you’ll be spoilt for choice. And as well as buying a new TV, you might want to get some TV accessories or other equipment to go with it. But what do you do if you don’t want to pay the full amount upfront? Thankfully, there are several options available.
From TV layby to an interest free credit card to a line of credit or cash advance, there are many ways to finance a TV in Australia. If you choose to buy your TV using layby, this will allow you to put a deposit down now and pay the rest of the TV purchase price back in instalments over a period of time. The time you’ll have to pay the money back will depend on the terms and conditions of the TV retailer you buy it through. There may be a small service fee when you buy a TV layby, but often you won’t need to pay any interest if you meet your repayment requirements. Sounds great, right? Yes, but there is a downside. With TV layby, you don’t get to take your television home until you’ve finished paying for it. By the time you’ve decided to buy a new TV, you probably want to be able to start watching it sooner rather than later, so what are the alternatives to TV layby?
From small personal loans, cash advances and credit cards to Afterpay and other buy now pay later (BNPL) services, there are many financing options and money lenders in Australia. Unlike with layby, if you pay for your TV using credit you can usually take your TV home and start using it straight away. Each alternative will have its own terms, conditions, fees and charges so you’ll need to compare different alternatives to work out which one best suits your financial situation and is most affordable.
If you are looking for a quick and easy way to get extra cash, a MoneyMe Freestyle Account offers a line of credit up to $20,000 with up to 55 days interest-free on purchases. With the Freestyle virtual credit card, not only will you not pay any interest if you pay back the money within the interest-free period, but unlike traditional layby, you also have the option to purchase a TV that you will be able to take home immediately. You can buy your new TV online or Tap n Pay in-store from anywhere where Mastercard is accepted. You can also get credit back at over 1,400 participating stores when you pay using a Freestyle online credit card and you can use it as many times as you like up to your pre approved limit. Unlike a traditional personal loan that you need to pay off over a variable term, with a line of credit when you pay off the balance it becomes available to use again without needing to reapply. And because our virtual card lives in your smartphone, not your wallet, it can make shopping for a TV very convenient.
If you are buying a TV on layby, the terms and conditions will vary between TV retailers so you’ll need to read the fine print to find out what the eligibility requirements for your particular store.
To apply for a Freestyle account you need to be at least 18 years old at the time of the application, currently employed and an Australian citizen or resident. If you meet this criteria, the application process to apply for a Freestyle account can be completed online in just a few minutes. You’ll need to provide some personal details such as your income, expenses and employment information, and you can also allow us to access a read-only snapshot of your bank statements via our secure online portal. Using our smart technology, in most cases if you apply within business hours we’ll be able to give you an outcome in a matter of minutes. We also like to be transparent about our fees and charges so you won’t get any hidden surprises later.
Although we are an online business, our friendly support team is on hand and happy to answer any questions you may have along the way. You can call us anytime between 8am and 9pm Monday to Friday or 9am to 9pm (Sydney/Melbourne time) on Saturday and Sunday. If you are looking for a smart TV and need extra cash fast, apply online for a Freestyle account at MoneyMe today. With our quick and easy finance, you could be relaxing on the couch watching movies on your brand new TV in no time!
NicoleSep 15, 2021
Unbelievably easy finance when I needed it the most. A huge thank you from me and as a returning customer I know that I am getting a fair deal.
ChrisSep 10, 2021
After 5 to 10 minutes of filling up my application, my loan has been approved and the money was in my bank account. I had a great experience that is why I'm giving them a 5-star rating. Excellent service. Thank you very much, MoneyMe.
VictoriaSep 2, 2021
Amazing through and through. MoneyMe helped me out when no one else would and they have been a delight to deal with. I 100% recommend their service. They're an absolute joy to deal with!
Out of 2,701 reviews
p.a. to 19.95 %
p.a. to 21.32 %
$295 for loans between $2,100 and $5,000
$395 for loans between $5,001 and $15,000
$495 for loans between $15,001 and $50,000
Minimum 1 year
Maximum 5 years
Early exit fees
*This comparison rate is based on an unsecured personal loan of $30,000 for a term of 5 years. 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. A $495 establishment fee and $10 monthly fee applies.