Car Repair Loans

Accelerate your car repairs

Need to get your car sorted? Loans up to $50,000 available, perfect for the mechanic bill.

Loans as they should be

  • Borrow up to $50,000 for a new or used vehicle
  • Simple online application
  • Loan terms from 2 to 5 years
  • No early repayment fees
  • Fast finance – funds typically disbursed within 24 hours of approval

Learn more about our car repair loans

What is a Car Repair Loan?

Having a working car is non-negotiable so we understand when road accident repairs and service costs can quickly add up and put a dent in your wallet. These inconveniences can be stressful and expensive, especially if you don’t have immediate funds. However, if you’ve been wondering if you can get a loan for car repairs, the answer is yes! A loan to fix your car could help you cover the cost and get your vehicle back on the road as soon as possible.

Different Types of Car Repair Loans

The cost of car parts and the hourly fee charged by mechanics continues to climb resulting in you frantically searching in-between couch cushions or in your pockets for any spare change. It’s always best to know your options and understand what different types of car repair loans you might be able to access, these include the following:

  • Secured Loan – These come with fixed or variable interest rates, have a longer repayment period than payday loans and are secured by an asset such as a car.
  • Payday Loan –  These are best for a small amount up to $2,000. You’ll usually have between 16 days to one year to repay the loan and lenders can’t charge interest but can charge establishment and monthly fees.
  • Buy Now Pay Later (BNPL) – You’ll need to check with your car repairer if any BNPL services are available however terms and conditions can apply, including charges as well as minimum and maximum borrowing limits.

What Do I Need to Know Before Applying for a Car Repair Loan

Before applying for a loan for car repairs, it’s best to get a repair quote or an estimate. This will help you budget and understand what you need to borrow so you can plan how you will comfortably pay your loan back. Don’t forget, if your car is not fit for the road, you’ll also need to consider the cost of towing.

It’s recommended to get approval for the loan before going ahead with the repairs. This way, you’ll be sure you actually have the money for when it comes time to pay the bill.

How Can I Get a Car Repair Loan?

We know there is no time to wait around when needing to borrow funds to fix a car, so get started now using our easy online application form.

If your application is approved, you’ll receive a contract specifying the approved loan amount, interest rate, repayment terms and other conditions. Once you agree to the terms, you can then use the funds to pay for the required repairs. 

Trust Rapid Loans With Your Car Repair Loan

It’s hard to be prepared for an emergency which is why we offer car repair loans from over $2,000 up to $50,000. Our loan platform is built on technology for optimal speed which means there’s no need to physically sign documents or transfer them. We know you’re busy so we make sure everything happens online, they don’t call us Rapid Loans for nothing. 

One of the reasons so many Australians trust Rapid Loans for their car repair loans is that we don’t charge early payout fees. If you happen to have a lump sum of money in your bank account or strike lucky in the Lotto, you can pay your finances off early with no penalty. Now that’s what we call a win!

If you’re worried about your credit score, you can take comfort in knowing that we believe in second chances. When it comes to applying for a car repair loan with bad credit, we’ll look at your application with fresh eyes.

1. Apply Online

Get started with our simple online application and be on your way in just a few clicks! Our secure online platform keeps your information safe.

2. We’ll Get In Touch

Your application will be reviewed and one of our friendly loan consultants will be in touch soon! We’re here to help.

3. Receive Funds

We take our commitment to being fast seriously! If you applied in the morning and were approved, your funds could be available the very same day.

Why go with Rapid for your loan?

Loans Tailored to You

Our auto and personal loan products were created with our customers in mind. We live in the real world too, so we created flexible loan solutions to suit most circumstances.

Quick and Easy Process

Our online application takes just minutes and our secure online portal allows you to upload your essential documents quickly and conveniently.

Personalised Service

Like everything at Rapid, we make sure dealing with our professional customer service representatives is straightforward and simple. We’re here for you!

Trusted Lender

We’ve funded loans for over 50,000 happy customers to make life happen. Our people are experienced, professional and understand that life isn’t always straightforward.

Explore Our Other Loan Types

Used Car Loans

For when its time for that new car smell

Secured Loans

For when you want to realise your dreams

Motorcycle Loans

For the times you want to rev your engine

Personal Loans

For when you want to start living

Car repair loan questions

What is a car repair loan?

A loan for car repair can help keep your car running smoothly and safely so you’re back on the road in no time. Think of it like a pit stop for your finances, giving you the green light to cover those pesky repair expenses without tapping into your emergency fund or maxing out your credit card.

Loans for auto repairs offer you peace of mind so you can address repairs promptly, whether it’s a mysterious rattle under the hood or worn-out tires that need replacing. All you need to do is apply online, get a lightning-fast response  from our team and if approved, wait for the money to transfer in your account. That way you can hit the gas on those repairs without fretting over how you’ll handle the bill. Looking for bad credit car repair loans? Give us a call – we’ll see if we can help!

Can I use a car repair loan for any vehicle-related expenses?

Yes, you can use a car repair loan for any vehicle-related expenses! Loans for auto repairs can cover a wide range of costs.

From routine maintenance to unexpected breakdowns, our loans for auto repairs are tailor-made to keep you cruising smoothly without breaking the bank.

This includes:
●      Accident and breakdown repairs
●      Reconditioned engines, transmission replacement and other parts
●      Servicing costs, diagnostic fees and labour charges
●      Tyres, windscreens and windows
●      Emergency hire car expenses and towing
●      Tinting, painting and accessories
●      General ongoing expenses such as insurance and registration

You can also talk to us about getting car repair loans with bad credit.

Is a car repair loan the same as a personal loan?

Yes, a loan for car repair or a car expenses loan are both types of personal loans. Generally, these are secured loans which means you need to provide us with your vehicle details as security for the loan.

Rapid Loans can offer personal loans from over $2,000 up to $40,000 and you’re able to apply if you’re:

  • over 18
  • an Australian citizen or permanent resident and,
  • have a regular source of income.

Credit score not the best? Chat to us about car repair loans with bad credit.

Apply today and join over 50,000 happy customers.

Do I have to provide security for a car repair loan?

Yes, you will need to provide security for a car repair loan.

Whether you’re after car repair loans with bad credit or quick loans, they’re all secured. This means it is necessary to provide us with details of your vehicle as security for the loan.

What types of repairs are covered?

We understand that engine trouble or a flat tire can really ruin your road trip or commute. Loans for car repairs are amongst the most popular requests we receive from our customers.

These loans are designed to cover the cost of those unexpected breakdowns, dents and engine troubles that love to surprise us at the most inconvenient times.

This also includes:

  • Body repairs
  • Engine
  • Gearbox or transmission
  • Differential Turbo or supercharger
  • Cylinder head and gasket
  • Radiator
  • Cooling system
  • Air conditioning
  • Fuel systems
  • Brakes and ABS brake system
  • Electrical repairs
  • Clutch
  • Steering
  • Suspension
  • Power windows
  • Transmission computer
  • Driveshaft and universals
  • Ignition system

Worried about your credit score? Talk to us about bad credit car repair loans today

Can I get a loan against my car with bad credit Australia?

 

You can definitely apply for a loan with bad credit.

We know it can be intimidating to apply for a loan with bad credit. At Rapid Loans, we understand this so rest assured you’ll receive no judgement from us – just a holistic loan assessment process that takes your whole finance picture into account. And most importantly, our loan consultants are total professionals about making your loan application process easy and stress free.

So don’t let bad credit stop you applying for a personal loan for car repairs. Bad credit in Australia isn’t always the end, in fact – let’s see if we can make it the beginning.

Talk to us today or get started now with our simple online application form.

What are the advantages of getting a car repair loan with Rapid Loans?

There are so many advantages of choosing Rapid Loans and this is especially true when something urgent comes along, like needing a loan for car repair.

We know that borrowing funds to fix a car means that you don’t have time to wait around. You’ll be stoked to know that many customers like you apply in the morning, chat with our personal loan consultants a few hours later and see an approval that afternoon if they’re eligible.

We’ve perfected our process so that we can give you the quickest service possible! We set ourselves apart with there being no need to physically sign documents or transfer them as everything happens online! It’s all very straightforward which means you can get straight to the garage to get your car fixed immediately.

Once you’re back on the road, you can sing along to your favourite song knowing that you’ve chosen flexible repayment options that fit your budget and fixed interest rates. This way your repayments won’t change. There are also no fees for early payouts or additional repayments so you won’t feel like you’re stuck in a financial traffic jam.

The next time you hear a strange noise coming from your car or spot a pesky check engine light on the dashboard, don’t let car troubles put the brakes on your plans. Just call Rapid Loans instead!

We can also assist with car repair loans with bad credit – we’ll give you a fair go! Contact us today or apply now to get the ball rolling on your car repair loan.

Do I need to use my car as security for my loan?

Yes, you will need to use your vehicle as security for a car repair loan in Australia with Rapid Loans. The most common assets used as security are any type of vehicle registered in your name such as a car, caravan or boat. The perks of using your vehicle as security is that we may be able to offer you a larger loan to cover the cost of the repairs. 

How much money can I borrow to fix my car?

At Rapid Loans, we offer personal loans from over $2,000 up to $50,000 to fix your car and get back on the road sooner.

What can I use a car repair loan for?

You can use a car repair loan in Australia for a number of things, including the following:

  • Service repairs.
  • Accident repairs.
  • New tyres.
  • Windscreens and windows.
  • Emergency car hire expenses. 
  • Tinting, painting and bodywork.
  • Replacing car battery.
  • Transmission replacements.
  • Brake system and engine repairs.

Am I eligible for a car repair loan?

If you have a problem with your car and are aged 18 or over, then you’re likely eligible for a loan to fix your car with Rapid Loans. All that we require to get started is proof of income from a job or a form of Centrelink payments, as well as previous bank statements.

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