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Car Repair Financing

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Example interest rate

9.20 %

Comparison rate*

10.58 %

Total charges


Total repayments


Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The interest rate for this product is variable and subject to change. Any calculations made by you using this calculator is intended as a guide only.

Car Repair Financing

With car repair financing options available in various online lending companies and financial institutions, you don’t need to postpone your vehicle repairs due to current budget constraints. While auto repair financing is not a government program, you can find it available through many mechanics and auto parts stores. 

Typically, the mechanic partners with a credit card company and offers branded cards for customers to use. In choosing one, keep in mind that your car’s value is a crucial element in determining the amount you can borrow from the lenders. If you don't have a stellar credit history, you may want to consider getting a co-signer for a personal loan.  

At MONEYME, there are plenty of ways to secure a car repair financing deal. Through our different types of loans and credit cards, we offer Australians the fastest and smartest way of getting every car problem financially supported, making us one of Australia’s favourite and leading online lenders. 

How does car repair financing work?

Resorting to car repair financing gives you the freedom to avail of one large payment to your vehicle. Normally, car repair financing is just about using a loan, typically a personal car loan for auto repairs, and whether they are secured or unsecured varies by lender. In most cases, a credit check is a key requirement to obtain a car repair loan, so if you had a previous car repair loan with not-so-great credit, you need to really be cautious in choosing the lender with reasonable interest rates for your auto repair loans.

Once you’ve been approved for financing, all you need to comply with are the repayments, which usually cover the interest, fixed fees, and charges that are agreed by both parties before the issuance of the lump sum money on your account. 

If you’re looking for an online lender with a fast, easy, and smart car repair financing deal, MONEYME is the answer. With us, getting a car repair financing deal won’t take too much of your time. Why? Alongside the numerous perks that we offer, MONEYME is operating 100% online, and we can pass the savings back to you with bank-beating rates, and within the same day.

What are the different ways to finance car repairs?

There are several types of loans that you can apply for and help your car repair financing needs. From secured to an unsecured personal loan, you can also look at short-term loans and credit cards. 

Take a look at each of these options and find out which one has the best offer in terms of the application process, funds, terms, fees, repayments, and interest rates: 

Secured personal loan

This loan type requires an asset as a guarantee for the loan. Most banks and financial institutions offer amounts up to $100,000 with terms up to 7 years available.

Here are some of the perks of choosing secured personal loans: 

  • Lower interest rates
  • Can be secured with a range of assets
  • Wide range of lenders
  • Large loan amounts and long terms
  • Use the funds however you like
  • Better chance of approval regardless of your credit score

Unsecured loan

This personal loan doesn’t require an asset as security, and it allows you to get car repair loans of up to $50,000 with terms up to 7 years in most banks and lenders. Other features that unsecured car loans offer to borrowers include the following: 

  • No security required
  • Lower interest rates than payday loans
  • Wide range of lenders
  • Easy to apply
  • Use the funds however you like

Short-term loan

A short-term loan can be a car repair financing option with a short car repair repayment plan or period and high costs or interest rates. The usual amount that can be borrowed in a short-term loan starts at $2,000, $5,000, or $10,000.

Credit card

The majority of car repair shops now accept credit cards for auto repairs, so this one will be a good car repair financing choice. If you’re planning to get this option, MONEYME can be your best choice. Within your first 55 days after being granted a loan, you’ll enjoy an interest-free loan and a credit limit of up to $50,000 with our Freestyle Virtual Credit Card. Operating 100% online, your car repair financial assistance will be approved within minutes.

How to finance car repairs with less-than-excellent credit?

Nowadays, a credit rating that's not so great doesn’t necessarily mean getting car repair financing is difficult. With a high credit score as one of the keys to securing car finance offers, there is a large network of lenders offering car loan deals specifically designed to cater to customers who don't have ideal credit scores or history. If all goes well and payments are made on time, it can help boost your credit profile.

One of the car finance deals that are best for people who don't have excellent credit scores is the car loan for those with less-than-ideal credit scores. It's for people who don't have the best credit history and can’t get a vehicle loan from a traditional lender. While some banks and lenders may reject your loan application due to a credit history that's not so pristine, there are lenders who are willing to give you a second chance because they are experts in processing less-than-optimal credit loans. One of the only negative consequences of using these loans is that it poses high interest rates, among other car repair loans available in various banks and lenders.

Planning to get a car repair financing deal for your car now? With MONEYME, long hours of waiting for a car repair financing approval are over. We back your ambitions with same-day loan approval outcome, low-interest rates, and flexible repayments with no early-exit fees. With loan amounts ranging from $5,000 up to $50,000, check out MONEYME today using our mobile app, and get the best car repair financing deals for you.

Our customers

Car Repair Financing

Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.

Simple process, easy to follow application, quick response time and good support.

I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.


Review Stars Out of 2,701 reviews

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Transparent and
simple pricing

Interest rate

9.20 %
to 25.20 %

Comparison rate*

10.58 %
to 26.58 %

Establishment fee
(Direct applications)

$395 for loans between $5,000 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 3 years

Maximum 5 years

Early exit fees


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