Can I Get a Personal Loan to Buy Gym Equipment?

Andrew Bell

Last updated: March 24, 2021

• 5 minute read

5 minute read

Going to the gym is something that we all aspire to do, but sometimes it is hard to follow through. Whether you spent all day at work and feel exhausted, have kids at home that you can’t leave alone, or simply dislike working out in front of others; it is easy to find excuses to not go to the gym. However, working out has a plethora of benefits, both physically and mentally. If you can’t find the time to go to the gym, you may wish to consider buying gym equipment. This could range from some hand weights in a room to a full-on gym set up. If you can’t afford to offset hundreds if not thousands of dollars for the initial set-up of your home gym, can you use a personal loan?

Can I get a personal loan to buy gym equipment?

Nifty Loans offers personal loans for gym equipment from $300 to $10,000. Treadmills are expensive; you could pay anywhere from $1,000 up to $3,000 just for this one piece of gym equipment, let alone any other items you may want. A personal loan can take away the stress of offsetting thousands of dollars to set up your gym; instead, you can repay your loan over time in manageable instalments. You may like to think of it as a gym membership, but instead of paying to use someone else’s equipment, you are paying off your own. You are then allowed an abundance of flexibility, privacy and cleanliness as no one else is seeing or touching your equipment, unless you allow them to.

What gym equipment should I get?

Whether you are a beginner or a regular member with a gym, there are a few pieces of equipment that will help you get moving again. You may wish to consider purchasing the following items for your home gym:

• Treadmill
• Exercise bike
• Hand weights
• Kettlebell
• An exercise mat
• A boxing bag
• Skipping rope
• Medicine balls
• Resistance bands

What are the benefits of exercise?

The health benefits of regular exercise transcend things like age or even physical ability; it is great for all people of all ages and backgrounds. Here are just some of the benefits of exercise.

Exercise helps control your weight

Exercise can help prevent weight gain or help maintain weight loss. Engaging in exercise burns calories; the more intensely you work out, the more calories you will burn. Combined with a healthy diet, you will most likely lose weight. As a general goal, you can aim for just 30 minutes of moderate physical exercise every day as a starting point.

Exercise combats diseases and other health conditions

Regular exercise can help prevent or manage many health problems. According to Mayo Clinic, these are including but not limited to:

• Stroke
• Metabolic syndrome
• High blood pressure
• Type 2 diabetes
• Depression
• Anxiety
• Many types of cancer
• Arthritis
• Falls

Exercise can also help improve cognitive function and lowers the risk of death from all causes.

Exercise improves your mood

Physical activity stimulates brain chemicals that may make you feel more happy, relaxed and less anxious. These chemicals include dopamine, serotonin and endorphins.

Exercise boosts energy

Finding it hard to get through your days? Regular exercise can improve your muscle strength and boost your endurance, meaning that you have more energy to tackle your days.

Exercise promotes better sleep

If you find it hard to fall asleep at night, regular physical exercise can help you not only fall asleep faster, but to get better and deeper sleep. However, it is not advisable to exercise too close to your bedtime as you may become more energised. 

What are the benefits of a home gym?

There are many benefits to owning your own gym; these include:

• Time savings: You no longer need to drive to and from an external facility.
• Customisation: You can have the exact equipment that you want and you can use them however you want, without restrictions. Whether you want to listen to loud music, watch television or want complete silence, you can accommodate your own preferences.
• Motivation: You no longer have the excuse of ‘not enough time’ when the gym is right down your hallway. You can tailor your space to create the most stress-free, inviting home gym environment you’d like. You also don’t need to shower at the gym or ride home in your sweaty gym clothes; your shower is in the next room.
• You can go whenever you want: There are no busy times, no closed days and no restrictions when you want to exercise. You can go at your own pace without worrying about other people wanting to use your equipment.
• No more germs: There won’t be hundreds of sweaty people touching the same piece of equipment you are about to touch. Only you will touch your equipment and you can clean them as much as you’d like.

Personal Loans by Nifty Loans

If you are ready to get started on your personal health journey, Nifty Loans offers fast cash loans from $300 to $10,000. No matter the scale of your home gym, Nifty Loans will have a short term loan to suit your needs. We are a 100% online lender; this means that we can deliver fast and efficient service. We often deliver loan outcomes within just 60-minutes (if applied within business hours). It also means that we can be more lenient in our credit requirements, so if bad credit is stopping you from achieving your fitness goals, Nifty Loans may still be able to help with a bad credit loan.