Australia's Money Matchmaker™
Compare vehicle repair loan rates in 60 seconds
Get your best vehicle repair loan. Compare prequalified offers from 11 lenders. Apply with confidence.
- Comparison rates from 4.99% p.a*
- 100% free with no credit score impact
- No hidden fees or broker fees
Why Money Matchmaker™
1
Real rates, not click bait
Rate comparison websites show you a low rate that hardly anyone qualifies for. We show real loan rates based on matching you to lender rules.
2
No hidden fees or paid promotions
A broker can add up to $1000 to your loan. A rate comparison site gets as much as $50 per click to a lender, so they don't care if you get rejected. We only charge the lender and we only do that if you take out a loan through us.
3
No time wasting or sales calls
Googling options and applying to each lender wastes time and can affect your credit score. Using rate comparison sites often leads to annoying sales calls. We show you options in 60 seconds with no follow up calls.
“Super quick, I got lots of offers. All I had to do was choose which one! I went with Wisr because they were the cheapest. Thanks” - Angela
Loans for Vehicle Repairs
Written by
Shaun McGowanLooking for a loan to repair your car and get it back on the road?
Whether you’re looking to fully fund your repairs, or just need a little extra to get the job done, there are countless personal loan lenders in Australia who can offer you a fair deal.
But just like choosing the right car, finding the most suitable lender and loan for your situation can take a significant amount of time - here’s how you can find a loan for your vehicle repairs and get pre-approved today.
What is a vehicle repair loan?
Vehicle repair loans are personal loans between $2,000 and $100,000, which are usually offered for a period of between one and seven years.
These loans can be secured or unsecured. Depending on the value of any available assets (such as your car), you may be able to qualify for both - this is where comparing your options to make an informed decision will be crucial to saving money in the long run.
Estimating the cost of your car repairs will be crucial before applying, so be sure to speak to a trusted, independent mechanic who can provide a detailed quote.
Compare secured and unsecured personal loans for vehicle repair
| Pros | Cons | |
|---|---|---|
Secured Personal Loans | Can apply for a loan up to $100,000. Lower repayments than unsecured loans. | Collateral can be repossessed by the lender and sold if you default on your loan. |
Unsecured Personal Loans | No security required for loan approval. The freedom to use the money however you choose. | Higher rates and repayments than a secured loan. Lower borrowing capacity than a secured loan. |
Find the best deal on vehicle repair loans
FIND YOUR LOANHow to get a personal loan for vehicle repair
You can apply for a vehicle repair loan with:
- Banks
- Non-bank lenders
- Specialist finance lenders
- A personal finance broker
You can apply for a vehicle repair loan over the phone, online, or in person.
Online lenders, such as specialist fintech lenders, offer faster approval on personal loans than traditional lenders, such as banks.
You can apply for a vehicle repair loan in Australia if you are:
- Over the age of 18; and
- An Australian citizen or permanent resident; and
- Employed or have a regular source of income
If you meet the basic eligibility for a vehicle repair loan, you will then need to compare lenders and assess their individual approval criteria.
To get a vehicle repair loan you will need to:
- Submit a personal loan application to a lender
- Meet the lender’s approval criteria for the personal loan
- Sign a loan contract and agree to the terms of the loan
The most important factor when gaining approval is to demonstrate your ability to repay the full loan amount to your lender.
If you are self-employed, you’ll need to provide different documentation to lenders when applying for a vehicle repair loan. In general, you will need to provide tax returns in place of employee payslips.
If you need assistance with your application, you may wish to speak with a finance broker, otherwise it is always recommended that you speak with a financial consultant to ensure you are making an informed decision.
Ready to find a loan for vehicle repairs?
The easiest way to find a vehicle repair loan from trusted Australian lenders is to simply use our Money Matchmaker™ engine.
We’ll compare the best personal loans for vehicle repair we can find from our available pool of lenders, personalised entirely based on a few simple questions, and you can see exactly how much you’ll pay with each lender.
This includes all the little details like fees and restrictions, so you can find the offer that suits you best, so you can get started on your repairs and get your car back on the road today.
Meet Money Matchmaker™
"Hey I’m Money Matchmaker™, I have a team of wizards making me super smart. I’ve been loaded up with all the information that lenders use, and when you take my quiz, I use your answers to check against all our lenders at once. I’m harmless, I don’t impact your credit score and I’ll show you the best loan matches I can with no brokers fees or annoying ads"
Meet your Potential Personal Loan matches
- No Early Repayment Fees
- No Monthly Fees
- Get Funds 24 Hours From Approval
- Same day decisioning
- No admin, early repayment or "risk" fees
- Support from real people
- Build your credit score by making timely repayments
- Once approved, loans are funded in minutes
- Flexible repayments; weekly, fortnightly, monthly options
- No ongoing fees
- No monthly fees
- No Deposit Required
- Apply in under 8 minutes
- Once approved, cash transferred in 60 seconds
- No early termination fees
- Pay your loan out early with no fees
- Increase regular payments to suit your situation
- Make extra repayments at any time
- Get a guaranteed, personalised rate in 2 minutes
- Apply online in under 10 minutes
- Weekly and fortnightly repayments
- Pay your loan out early with no fees
- Change payment dates and frequency at any time
- Make extra repayments at any time
- $0 establishment fee
- $0 ongoing fees, early repayment fees, exit fees
- Multi Award winning and 100% digital
The vehicle repair loan can save you $1,000s
FIND YOUR BEST LOANAbout the Author
Shaun
McGowan
Shaun McGowan
Shaun is the founder of Money.com.au and is determined to help people pay as little as possible for financial products. Through education and building world class technology. Previously Shaun co-founded CarLoans.com.au and Lend.
Want to know more about Personal Loans?
*Information about comparison rates Comparison rates are designed to allow borrowers to understand the true cost of a loan by taking into account fees and charges, the loan amount and the term of the loan. The comparison rate is based on an unsecured fixed rate personal loan of $30,000 over 5 years. WARNING: Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
