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Car Repair Loans up to $12,000

Personal loans up to $8,000 and up to $12,000 with security on your loan1

  • Accidents, Services & Repairs
  • Other Vehicle Expenses
  • Bad Credit Considered1
  • Fast Application Online
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Latest Loan Reviews

Car Repair Loans for Bad Credit1 up to $12,000!

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 $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.

  • Service Repairs
  • Accident Repairs
  • New Tyres
  • Windscreens & Windows
  • Paint & Bodywork
  • Bikes & Other Vehicle Repairs
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Car Repair Loans up to $12,000

Example Car Repair Loans Costs Chart

Platinum
19.95% APR
Silver
25.00% APR
Bronze
28.00% APR
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
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
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

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.

Why 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 $12,000
  • 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 $12,000. With low ongoing fees and flexible loan terms, Money3 gives you an affordable way to finance your car repair.

Frequently Asked Questions

Could I get a car repair loan with bad credit?

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.

How can I pay for expensive car repairs?

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.

Could I get a car repair loan while on Centrelink?

Yes, you could1. We will take your income from Centrelink benefits into account. Your minimum income per week will need to be over $400, in order to qualify with Money3.

Do you lend for repairs on all vehicle types?

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.

Do I have to offer my vehicle as security against the loan?

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.

What are your options for paying for the car repair?

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.

Does Centrelink help with car repair loans?

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.

Can I get a car repair loan with a 500 credit score?

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.

Is it better to get a personal loan or a car loan?

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.

Can I repay my loan early?

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.

What if I encounter financial difficulty?

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.

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