Important disclosure

Find Australia's Best Car Repair Loans

What happens if your car and cash flow both need some repair work? Simply compare car repair loans below and patch everything up in one go. Use our calculator as another quick fix if you want a heads up on your estimated repayments.

Compare Car Repair Loans

Loan Amount

$10,000

Term

3 months

OurMoneyMarket

Low-Rate Personal Loan - Excellent Credit - Zero Fee

EST Monthly Repayment
EST Monthly Repayment
6.57%
Advert. Rate (p.a)
Comparison rate
OurMoneyMarket are a multi-award winning Aussie finance provider offering simple, fixed, low-rate loans from $2,000 to $75,000, plus free extra repayments and free early exits. Apply online to get a quote in minutes and funds as soon as the next day.
Plenti

Unsecured Personal Loan - Exceptional Credit

EST Monthly Repayment
EST Monthly Repayment
6.57%
Advert. Rate (p.a)
Comparison rate
An award-winning, low interest personal loan with no ongoing fees. Get your rate in 60 seconds and bring your big ideas to life today.
Now Finance

NOW Finance Unsecured No Fee Personal Loan

EST Monthly Repayment
EST Monthly Repayment
6.75%
Advert. Rate (p.a)
Comparison rate
Pay ZERO fees on all loans with NOW Finance. That's right - no establishment fee, no monthly fees, no early payout fee on all loans between $8,000-$50,000. What's more, get your guaranteed, tailored interest rate in two minutes without impacting your credit score. Comparison rate can vary from 6.75% to 26.95% p.a.*
Liberty

Unsecured Personal Loan - Excellent Credit

EST Monthly Repayment
EST Monthly Repayment
7.24%
Advert. Rate (p.a)
Comparison rate
Loans for free thinkers. Starting out or starting over? Get fast access to the funds you need.
MoneyPlace

Unsecured Personal Loan - Fixed (Excellent credit)

EST Monthly Repayment
EST Monthly Repayment
7.24%
Advert. Rate (p.a)
Comparison rate
Our loans are better because we understand you better. A range of personal loans, for all the right reasons.
OurMoneyMarket

Low Rate Personal Loan (Fixed, Secured) - Very Good

EST Monthly Repayment
EST Monthly Repayment
6.49%
Advert. Rate (p.a)
Comparison rate
OurMoneyMarket are a multi-award winning Aussie finance provider offering simple, fixed, low-rate loans from $2,000 to $75,000, plus free extra repayments and free early exits. Apply online to get a quote in minutes and funds as soon as the next day.
OurMoneyMarket

Low Rate Personal Loan (Fixed, Unsecured) - Good

EST Monthly Repayment
EST Monthly Repayment
7.49%
Advert. Rate (p.a)
Comparison rate
OurMoneyMarket are a multi-award winning Aussie finance provider offering simple, fixed, low-rate loans from $2,000 to $75,000, plus free extra repayments and free early exits. Apply online to get a quote in minutes and funds as soon as the next day.
Harmoney

Unsecured Personal Loan - Excellent Credit

EST Monthly Repayment
EST Monthly Repayment
5.76%
Advert. Rate (p.a)
Comparison rate
Get what you want, without breaking the bank. Fast, easy & 100% online. Borrow up to $70,000 unsecured. No hidden fees or early repayment penalties. Harmoney's unsecured interest rates range from 5.76% p.a. to 24.03% p.a.
OurMoneyMarket

Low Rate Personal Loan (Fixed, Unsecured) - Average

EST Monthly Repayment
EST Monthly Repayment
8.49%
Advert. Rate (p.a)
Comparison rate
OurMoneyMarket are a multi-award winning Aussie finance provider offering simple, fixed, low-rate loans from $2,000 to $75,000, plus free extra repayments and free early exits. Apply online to get a quote in minutes and funds as soon as the next day.
Liberty

Secured Personal Loan - Excellent Credit

EST Monthly Repayment
EST Monthly Repayment
6.52%
Advert. Rate (p.a)
Comparison rate
Loans for free thinkers. Offering the certainty of fixed repayments at a rate just for you.
MoneyPlace

Secured Personal Loan - Fixed (Excellent credit)

EST Monthly Repayment
EST Monthly Repayment
6.66%
Advert. Rate (p.a)
Comparison rate
Secure your personal loan with a vehicle you own as security to access a lower rate, a higher lending limit, or both.
Plenti

Plenti - Personal Loan - Very Good Credit

EST Monthly Repayment
EST Monthly Repayment
12.49%
Advert. Rate (p.a)
Comparison rate
An award-winning, low interest personal loan with no ongoing fees. Get your rate in 60 seconds and bring your big ideas to life today.
Liberty

Secured Personal Loan - Good Credit

EST Monthly Repayment
EST Monthly Repayment
10.34%
Advert. Rate (p.a)
Comparison rate
Loans for free thinkers. Offering the certainty of fixed repayments at a rate just for you.
MoneyPlace

Secured Personal Loan - Fixed (Good credit)

EST Monthly Repayment
EST Monthly Repayment
10.57%
Advert. Rate (p.a)
Comparison rate
Secure your personal loan with a vehicle you own as security to access a lower rate, a higher lending limit, or both.
Liberty

Unsecured Personal Loan - Good Credit

EST Monthly Repayment
EST Monthly Repayment
11.49%
Advert. Rate (p.a)
Comparison rate
Loans for free thinkers. Starting out or starting over? Get fast access to the funds you need.
MoneyPlace

Unsecured Personal Loan - Fixed (Good credit)

EST Monthly Repayment
EST Monthly Repayment
11.49%
Advert. Rate (p.a)
Comparison rate
Our loans are better because we understand you better. A range of personal loans, for all the right reasons.
Bankwest

Flexible Personal Loan

EST Monthly Repayment
EST Monthly Repayment
10.99%
Advert. Rate (p.a)
Comparison rate
Whatever it is you’re dreaming about, a Bankwest Flexible Personal Loan puts you in control. Pay it off early, make additional repayments and redraw additional repayments you’ve made all at no extra cost!
St.George Bank

Unsecured Personal Loan (Fixed)

EST Monthly Repayment
EST Monthly Repayment
12.99%
Advert. Rate (p.a)
Comparison rate
Whether you're taking control of your finances, planning a special event, or making a large purchase, our Unsecured Personal Loan may be the right solution.
St.George Bank

Unsecured Personal Loan (Variable)

EST Monthly Repayment
EST Monthly Repayment
12.99%
Advert. Rate (p.a)
Comparison rate
Whether you're taking control of your finances, planning a special event, or making a large purchase, our Unsecured Personal Loan may be the right solution.
Westpac

Westpac Unsecured Personal Loan

EST Monthly Repayment
EST Monthly Repayment
11.99%
Advert. Rate (p.a)
Comparison rate
A personal loan can help you to get what you’ve always wanted. Plan ahead with a flexible loan term of between 1 and 7 years. Apply for between $4,000 and $50,000 (conditions apply). Make extra repayments to pay your loan off sooner (prepayment fee may apply). Choose a repayment frequency to suit when you get paid - weekly, fortnightly or monthly.
NAB

NAB Variable Rate Personal Loan

EST Monthly Repayment
EST Monthly Repayment
12.69%
Advert. Rate (p.a)
Comparison rate
1-7 years flexible loan term, borrow from $5,000 up to $55,000 and redraw additional repayments you've already made
NAB

NAB Fixed Rate Personal Loan

EST Monthly Repayment
EST Monthly Repayment
12.69%
Advert. Rate (p.a)
Comparison rate
Borrow from $5,000 up to $55,000 for 1 to 7 years flexible loan terms
Wisr

Platinum Unsecured Personal Loan

EST Monthly Repayment
EST Monthly Repayment
11.40%
Advert. Rate (p.a)
Comparison rate
Wisr provide personalised low rates for applicants with good credit. Borrow between $5,000 and $50,000 with transparent terms and easy online application.
People's Choice Credit Union

Unsecured Personal Loan

EST Monthly Repayment
EST Monthly Repayment
13.99%
Advert. Rate (p.a)
Comparison rate
As a member owned organisation, our first priority is to help you. We continually focus on providing high levels of personalised service and value for money products – such as our Personal Loans– there to help you make those life-changing purchases.
Plenti

Plenti - Personal Loan - Good Credit

EST Monthly Repayment
EST Monthly Repayment
14.49%
Advert. Rate (p.a)
Comparison rate
An award-winning, low interest personal loan with no ongoing fees. Get your rate in 60 seconds and bring your big ideas to life today.

BestFind.com.au provides factual information in relation to financial products. While BestFind.com.au attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on BestFind.com.au is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with BestFind.com.au. BestFind.com.au recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see BestFind.com.au's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 20.89% p.a. Total interest repayments vary between $1,387 and $4,165 over the life of the loan. *Comparison rate is based on an unsecured loan of $10,000 for a term of 3 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. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

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What type of loan are you looking for?

man looking under car bonnet

Car repair loans in Australia – Make your car roadworthy

When your car suddenly conks out, it can bring your plans and everyday activities to a screeching halt. Even a small problem can easily turn into an eye-watering bill from your mechanic when you wait too long. If you’re hard up on cash and a DIY approach isn’t an option, you might want to look into car repair loans and how they work.

How do personal loans for car repairs work?

A car repair loan is a handy type of personal loan that car owners turn to when their ride needs a professional tune-up. Most Australian lenders offer car repair loans, which are often vital owing to the unpredictable and sometimes expensive nature of car problems. That means if your car decides to suddenly bailout, you can still spring for repairs that you hadn’t budgeted for.

You then repay the lender in a series of repayments that also cover borrowing costs, such as interest, fees, or other loan charges. In the meantime, you’ll be able to drive to work, pick up the kids, or run errands with a roadworthy vehicle that gives you peace of mind.

Main features of vehicle repair loans

Here’s what you might find under the hood when it comes to car repair loan deals:

  • Secured. A secured personal loan typically has a higher chance of pulling through the application process since it carries less risk for the lender. The catch is you’ll have to put up an asset as a guarantee. The asset, which can be a car or property, is something for the lender to latch on to if you fail to repay. For this reason, most lenders offer lower rates for unsecured loans, and some even provide them to bad credit borrowers.
  • Unsecured. If you have a well-built credit score, an unsecured personal loan is a fairly hassle-free option since it doesn’t require collateral. However, expect to see offers with higher interest rates than secured loans.
  • Fixed rate. A fixed interest rate does just as its name suggests. What the lender offers is what you’ll get throughout the repayment process. There are no unexpected increases. But the downside is you won’t get rate cuts either, even when market rates turn favourable.
  • Variable rate. A variable-rate will likely not stay as faithful as a fixed rate since it’s influenced by the Reserve Bank cash rate. If it goes down, you save, but if it pushes up, your repayments also increase.

What will an auto repair loan help you fix?

Depending on the car type and model, you can fix a fault on the cheap or pay a pretty penny to ensure a smooth ride when back on the road. Fortunately, personal loans are flexible enough to cover any rattling, squeaking, or whistling issues your vehicle might be having.

Here are some common issues that warrant a visit to the mechanic:

  • Sputtering engine
  • Worn brake pads
  • Failing alternator
  • Leaking radiator
  • Blown gasket
  • Gearbox and transmission problems
  • Broken cylinder
  • Dings and dents to the body

Because personal loans are so versatile, you can even use some of the funds for regular maintenance and service. If you have extra change, you can also pay for other unrelated emergencies, for instance, going to the dentist.

How to choose the best car loan repair option

Ready to compare car repair loans? Asking yourself the following questions will help point you in the right direction to a fix that meets your budget and needs:

  • What’s the lowest rate I can get? – Running down a list of top options is the best way to spot a cheap deal. Our comparison table above makes it a lot easier to do this. But remember, there’s more to a good bargain than a low rate.
  • How much do I pay overall? – Don’t forget loan fees and charges, which can rule out the benefits of a low rate. Look out for establishment fees, monthly service fees, penalties for late payments, plus other costs. Also, check the comparison rate, which folds the interest rate and standard fees into one percentage.
  • How much do I pay for each repayment? – Find out how much the loan will cost you per instalment. Our car loans repair calculator is good for the job – simply enter your desired loan amount and loan term to get an estimate.
  • How much flexibility does this option give me? – A flexible loan has a repayment schedule you can fit into your household budget, whether it’s weekly, monthly, or fortnightly. It should also include penalty-free early repayments so you can pay off your debt faster if you want to save.
  • Can I get a quick car repair loan? – When you rely on your car most of the time, you need a lender who is fast on their feet. Find out how long it will take for the cash loan to end up in your account.

Car repair loans FAQ

How do I apply for a car repair loan?

To apply for a car repair loan online, scroll up to our product table above. Compare loans to make a selection, and then click “Go to Site” to access the lender’s application page.

Can I use a credit card to pay for any vehicle repairs?

Credit card rates are not generally not as friendly as what you’ll find attached to personal loans. However, the option becomes viable if you bag one with an introductory 0% period.

Can I get a loan to buy a new car instead of fixing it?

It depends on the cost of repair vs buying new. First, find out your vehicle’s current value and cross-check it with the repair bill from your mechanic. If the two figures are almost the same, it might be worth taking out a car loan instead.

How much will I be able to borrow?

Car repair jobs can cost anywhere from $300 to $5,000 or even more. How much you borrow depends on several factors, such as:

  • Type of car fault you’re dealing with
  • Whether you also plan to use the funds for other purposes
  • Your credit rating and income
  • How much your budget can afford
  • The lender’s maximum and minimum limits

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