Personal loans

Credit made for you

Washing Machine Layby

Trusted by thousands of Australians

Estimate your

Find out how much your repayments and
interest rate could be with our calculator


Monthly repayment from


Example interest rate

6.25 %

Comparison rate3

7.64 %

Total charges


Total repayments


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.

Washing Machine Layby

Are you thinking about buying a washing machine on layby? Using washing machine layby can be an affordable way to purchase a washing machine if you don’t have the money to pay for it all upfront, but there are also other payment options that may be more convenient. For example, if you buy your washing machine using a MoneyMe Freestyle account, you can get up to 55 days interest-free on purchases. And with a super quick online application process, your money can be approved in virtually no time.

Whether you are furnishing a house from scratch, need a bigger washing machine to accommodate your growing family or your current one has stopped working, there could be several reasons why you want to buy a new washing machine. And, unless you fancy several trips to the laundromat, chances are you are going to want to get it as soon as possible.

What is the best way to finance a washing machine?

From a few hundred dollars for a cheap washing machine to a couple of thousand dollars for top of the range, laundry appliances come in a range of prices. For example, you can buy washing machines with the latest state-of-the-art water and energy saving technology, and although they may cost more now, they could save you money on utility bills in the long run. From instant loans to a cash advance, once you’ve decided how much you want to spend there are several ways to finance a washing machine if you don’t have the cash to pay upfront. With so many money lenders in Australia, it’s a good idea to undertake your own comparison when deciding which are the best credit card deals or financing options for you.  

One option is washing machine layby. Washing machine layby allows you to pay the money in instalments without needing to pay any interest. The catch is, you don’t get to take the washing machine home until it has been fully paid for. Another payment alternative is to use Afterpay, a buy now, pay later service where you can pay your washing machine off over four equal instalments, but take it home and start using it immediately. Because stores are required to pay a fee to offer these services, they aren’t available everywhere. If you are looking for a flexible way of buying a washing machine, the Freestyle Virtual Credit Card offered by MoneyMe could be your answer. Powered by Mastercard, it is a line of credit that works like a credit card, and is accepted everywhere Mastercard is. There are no limits on concurrent purchases, so you can make multiple purchases up to your credit limit. 

Why do people prefer Freestyle over Layby?

One big advantage of buying a washing machine using Freestyle instead of layby, is that with layby you need to wait until your washing machine is fully paid off before you can take it home. So, for example, if you purchase a washing machine and agree to pay back the instalments over a six week period, you won’t be able to start using it until the six week period is up and the money has been paid back. Although you don’t pay any interest, having to wait so long before you receive the product can be a big deterrent, especially for a laundry appliance like a washing machine which can be hard to live without!  

If you are after a quicker alternative, applying for a Freestyle online credit card can be done in a matter of minutes, and if you apply during business hours you can often get access to the cash on the same day. As soon as you have access to the money, you can buy your washing machine and take it home immediately.

What are the fees and charges associated with Freestyle and layby?

If you are buying a washing machine on layby, you’ll need to look at the layby washing machine terms and conditions at the store you are shopping at so that you are aware of any fees and charges before going ahead. How layby generally works is that you are required to pay a deposit upfront, and then the balance over regular instalments. Although you won’t be charged interest, there is often a service fee as well as a cancellation fee if you change your mind. 

MoneyMe’s Freestyle account offers 55 days interest-free on purchases (which is longer than the standard 42 days interest-free that is typically offered by buy now pay later services). This is great news if you can afford to repay the money during the interest-free period. There is also a monthly account keeping fee of $5 (which only applies if the outstanding balance is over $20) and an annual fee from $0 to $149 (which will be based on your credit limit and rating). At MoneyMe, we like to be transparent about our pricing so all the fees associated with the Freestyle account will be clearly outlined upfront so there won’t be any surprises later. 

If you need a washing machine ASAP, you can apply for a Freestyle account in a matter of minutes, and you could even have access to cash today! Contact us today to find out more.

Our customers

Washing Machine Layby

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.

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.

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!


Review Stars Out of 2,701 reviews

View more

Transparent and
simple pricing

Interest rate

6.25 %
to 19.95 %

Comparison rate*

7.64 %
to 21.32 %

Establishment fee

$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

Monthly fee


Loan terms

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.

Ready to get

Personal Loans are running hot!

55 people in the last 24 hours have applied

Freestyle is running hot!

55 people in the last 24 hours have applied

Debt Consolidation is running hot!

55 people in the last 24 hours have applied