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Car Repair Loans for Bad Credit1 up to $30,000!
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 $30,000 and car finance up to $75,000, 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 get started. Once this short form is complete, you will be given the option to give us some more details straight away so that we can make your loan approval decision quicker.
Money3 offers fast personal loans for car repairs and maintenance, including, but not limited to, the below purposes.
- Service Repairs
- Accident Repairs
- New Tyres
- Windscreens & Windows
- Paint & Bodywork
- Motorbike & Other Vehicle Repairs
1. Subject to verification, suitability and affordability
Example Car Repair Loans Costs Chart
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,110 | $7,110 |
| 24 months at 16.95% APR & 37.39% Comparison Rate | ||
| $7,500 | $5,042 | $12,542 |
| 36 months at 16.95% APR & 37.39% Comparison Rate | ||
| $10,000 | $6,427 | $16,247 |
| 48 months at 16.95% APR & 35.44% Comparison Rate | ||
EXAMPLE: A platinum unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,109.60 and a total repayment of $7,109.60. 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 16.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 37.39%.
EXAMPLE: A platinum secured personal loan of $25,000 for 60 months has fees and charges totalling $14,850.43 and a total repayment of $39,850.43. The Minimum loan term is 24 months and the Maximum term 60 months. The term will be 60 months if you repay monthly, 130 fortnights or 260 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 20.38%.
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. Australian Credit Licence 389067.
Emergency Car Repair Loans
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.
Reasons to Choose Money3
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.
- Car Repair Loans up to $30,000
- Transparent Fees and Charges
- Flexible Loan Options to Suit Your Needs1
- Easy Repayments by Direct Debit
- Affordable and Flexible Repayments
- No Early Termination Fees
- Loan Redraws Available
Our unsecured personal loans offer a competitive interest rate for loan amounts up to $30,000. With low ongoing fees and flexible loan terms, Money3 gives you an affordable way to finance your car repair.
Car Repair Loans FAQs
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 389067.
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.
Also see our emergency loans for other loan options, associated with your emergency or break down. To review your possible weekly, fortnightly or monthly repayments, our personal loan calculator could help clarify the costs.
Yes, you could1. We will take your income from Services Australia benefits into account. Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer car repair loans to customers receiving benefits. Your minimum income per week will need to be over $480, in order to qualify with Money3.
Also see our car loans on Centrelink benefits*.
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.
See our vehicle finance loans for more options.
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 $30,000 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*. Money3 is not affiliated with, or endorsed by, Centrelink. However, we do offer loans to customers receiving Centrelink payments. While considering your financial situation and needs, we will look at your income and expenses holistically when assessing your loan application on Centrelink*, and we will still consider you if you are 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.
See our bad credit loans page for further details on your options with a Money3 loan.
If the loan purpose is for a vehicle (often for vehicle repairs) then Money3 will require the vehicle to be 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 any fees or other loan charges for doing so.
At Money3, we realise that finances are not always stable and problems 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 Member Support page to complete our contact form or learn more.
1. Subject to verification, suitability and affordability
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments
Also Check Out These
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments
Example Car Repairs Costs Chart
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $1,909 | $6,909 |
| 24 months at 13.95% APR & 34.16% Comparison Rate | ||
| $10,000 | $6,925 | $16,925 |
| 48 months at 13.95% APR & 29.11% Comparison Rate | ||
| $25,000 | $14,850 | $39,850 |
| 60 months at 13.95% APR & 20.38% Comparison Rate | ||
| $50,000 | $30,285 | $80,285 |
| 72 months at 13.95% APR & 17.23% Comparison Rate | ||
| $75,000 | $42,219 | $117,219 |
| 72 months at 13.95% APR & 16.15% Comparison Rate | ||
EXAMPLE: A platinum secured personal loan of $5,000 for 24 months has fees and charges totalling $1,935.15 and a total repayment of $6,935.15. The Minimum loan term is 24 months and the Maximum term 24 months. The loan term will be 24 months, 52 fortnights or 104 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 34.58%.
EXAMPLE: A platinum secured personal loan of $25,000 for 60 months has fees and charges totalling $14,850.43 and a total repayment of $39,850.43. The Minimum loan term is 24 months and the Maximum term 60 months. The term will be 60 months if you repay monthly, 130 fortnights or 260 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 20.38%.
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. Australian Credit Licence 389067.
