Personal loans up to $8,000 and up to $12,000 with security on your loan1
Get your vehicle back on the road with a Money3 Car Repair Loan.
Whether it's to pay for road accident repairs, service costs and repairs, body paint work or a breakdown, Money3 could help1. We can also assist with things like new tyres, car registration costs and many more vehicle issues and not just for cars. We offer car repair loans up to $12,000, and unlike other lenders, we also welcome applications from people on benefits1 or who may have a bad credit mark on their credit file.
Start the application process by completing the quick apply form above to register your interest. Once this short form is complete, you will be given the option to give us some more details straight away so that we can give you your loan approval decision quicker.
Money3 offer both unsecured personal loans and secured personal loans for car repairs, depending on your financial situation.
1. Subject to verification, suitability and affordability
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,211 | $7,211 |
| 24 Months at 19.95% APR & 35.97% Comparison Rate | ||
| $7,500 | $3,316 | $10,816 |
| 24 Months at 19.95% APR & 39.00% Comparison Rate | ||
| $10,000 | $6,803 | $16,803 |
| 36 Months at 19.95% APR & 38.18% Comparison Rate | ||
| $12,500 | $8,252 | $20,752 |
| 36 Months at 19.95% APR & 37.19% Comparison Rate | ||
| $15,000 | $9,701 | $24,701 |
| 36 Months at 19.95% APR & 36.53% Comparison Rate | ||
| EXAMPLE: A platinum unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,210.20 and a total repayment of $7,210.20. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 19.95%. The Comparison Rate, based on a loan of $10,000 over three years, is 35.97% EXAMPLE: A platinum secured personal loan of $10,000 for 36 months has fees and charges totalling $6,802.97 and a total repayment of $16,802.97. The Minimum loan term is 13 months and the Maximum term 36 months. The term will be 36 months if you repay monthly, 78 fortnights or 156 weeks. The Maximum APR is 19.95%. The Comparison Rate, based on a loan of $10,000 over three years, is 38.18% WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. |
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| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,557 | $7,557 |
| 24 Months at 25.00% APR & 44.43% Comparison Rate | ||
| $7,500 | $3,835 | $11,335 |
| 24 Months at 25.00% APR & 44.43% Comparison Rate | ||
| $10,000 | $7,903 | $17,903 |
| 36 Months at 25.00% APR & 43.47% Comparison Rate | ||
| $12,500 | $9,627 | $22,127 |
| 36 Months at 25.00% APR && 42.51% Comparison Rate | ||
| $15,000 | $11,351 | $26,351 |
| 36 Months at 25.00% APR & 41.87% Comparison Rate | ||
| EXAMPLE: A silver unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,556.20 and a total repayment of $7,556.20. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 25.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 44.43% EXAMPLE: A silver secured personal loan of $10,000 for 36 months has fees and charges totalling $7,902.74 and a total repayment of $17,902.74. The Minimum loan term is 13 months and the Maximum term 36 months. The term will be 36 months if you repay monthly, 78 fortnights or 156 weeks. The Maximum APR is 25.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 43.47% WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases.> |
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| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,767 | $7,767 |
| 24 Months at 28.00% APR & 47.66% Comparison Rate | ||
| $7,500 | $4,150 | $11,650 |
| 24 Months at 28.00% APR & 47.66% Comparison Rate | ||
| $10,000 | $8,577 | $18,577 |
| 36 Months at 28.00% APR & 46.62% Comparison Rate | ||
| $12,500 | $10,469 | $22,969 |
| 36 Months at 28.00% APR & 45.68% Comparison Rate | ||
| $15,000 | $12,361 | $27,361 |
| 36 Months at 28.00% APR & 45.05% Comparison Rate | ||
| EXAMPLE: A bronze unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,766.35 and a total repayment of $7,766.35. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 28.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 47.66% EXAMPLE: A bronze secured personal loan of $10,000 for 24 months has fees and charges totalling $8,576.21 and a total repayment of $18,576.21. The Minimum loan term is 13 months and the Maximum term 36 months. The term will be 36 months if you repay monthly, 78 fortnights or 156 weeks. The Maximum APR is 28.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 46.62% WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. |
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Accidents and vehicle breakdowns never wait for a convenient time to occur, and you might find yourself lacking the spare cash to pay for your car repair. When the need is urgent (perhaps you need your vehicle for work or to drive family members to various commitments), an emergency car repair loan from Money3 could be the solution you need.
Applying for a car repair loan with Money3 is a transparent and stress-free process from beginning to end.
At Money3, we don't surprise our customers with any hidden fees or charges - every aspect of your personal loan contract will be available for you to review upfront. Our personal loan products provide a flexible payment plan suited to your objectives, financial situation, and personal preferences.
Our unsecured personal loans offer a competitive interest rate for loan amounts up to $12,000. With low ongoing fees and flexible loan terms, Money3 gives you an affordable way to finance your car repair.
Yes you could1. Money3 likes to give everyone a fair go, we will look at your situation afresh and your current finances, when reviewing your car repair loan application, even if you have bad credit. As a responsible lender, Money3 is committed to ensuring we only provide car repair loans that our customers can afford to repay without financial stress.
Money3 is a responsible lender regulated by ASIC. Our Australian Credit Licence is 389 782.
If you have an accident or your car breaks down, and you're facing an expensive mechanic bill, taking out a car repair loan could help you cover the cost and get back on the road as soon as possible. With Money3, you can easily complete an online application for a car repair loan, and we'll consider your application even if you have bad credit, receive Centrelink payments, or have faced financial difficulty in the past.
Yes, you could1. We will take your income from Centrelink benefits into account. Your minimum income per week will need to be over $425, in order to qualify with Money3.
Yes we do. When you apply, simply select 'Car Repairs' as the loan purpose and you can confirm the vehicle later in your application. Whether you need repairs on your bike, motorhome or van, we will do our best to assist. When it comes to Money3 personal loans, car repair is one of the most popular reasons selected by our customers when they start the application process.
Not necessarily, however depending on the cost of the repairs and your financial situation, we may be able to offer you a larger loan with security on the vehicle.
If you can't afford to pay for your car repair with your savings, then you can apply for a car repair loan to get back on the road as quickly as possible. At Money3, we offer fair and affordable personal loans for car repairs up to $12,000 and no hidden fees or other loan charges.
Centrelink does not directly help you secure a car repair loan, and some lenders may not approve your loan application if you receive Centrelink income. While considering your financial situation and needs, Money3 will look at your income and expenses holistically when assessing your loan application, and we will still consider you if you a receiving Centrelink income.
Yes, you could1 Your credit score is not the primary metric we consider when looking at your loan application. We believe in giving everyone a fair go, so even if you have had bad credit, we have car repair loans so you can get back on the road.
If the loan purpose if for a vehicle ( often for vehicle repairs) then Money3 will require the vehicle to used as security against your loan. If you want to borrow a larger loan amount to help pay for a new vehicle, then you should consider one of our car loans.
Of course, it's easy to pay back your loan early, and we don't charge and fees or other loan charges for doing so.
At Money3, we realise that financial difficulty could occur at any time and make it difficult to make your repayments. If you know you won't be able to make your regular repayment on time, please contact our team on 1300 014 870, email us at customercare@money3.com.au, or see our Financial difficulty page to complete our contact form or learn more.
1. Subject to verification, suitability and affordability
Customers who have viewed this page and shown an interest in car repair loans, have also visited the following pages:
Emergency ExpensesTravel ExpensesVehicle FinanceUsed Car LoansBad Credit Car LoansCentrelink Car Loans
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