Personal
loans for
kicking goals

Low rates starting from 9.19% p.a. (comparison rate from
10.58% p.a.*) with money in your bank account in as little as
60 minutes.

Won’t impact your credit score!
Won't impact your credit score!

Estimate your repayments

Find out how much your repayments and interest rate could be with our calculator.

Enter your loan details

$

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Estimated monthly repayments

$910.72

Example interest rate

9.19% p.a.

Comparison rate*

10.58% p.a.

Total charges

$1,857.28

Total repayments

$21,857.28

It won’t affect your credit score!

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Check our rates and fees

Interest rate (p.a.)

9.19

% p.a.

up to

23.99

% p.a.

Comparison rates (p.a.)*

10.58

% p.a.

up to

26.58

% p.a.
*This comparison rate is based on an unsecured variable rate personal loan of $30,000 for a term of 5 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. $495 establishment fee and $10 monthly fee applies.
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*This comparison rate is based on an unsecured variable rate personal loan of $30,000 for a term of 5 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. $495 establishment fee and $10 monthly fee applies.

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.

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How to apply

1 Check your rate

See your interest rate and repayments in less than
5 minutes. It won’t impact your credit score!

2 Submit your application

Review your loan offer, hit 'submit application', and
we'll take care of the rest.

3 Get your funds

If approved, you can have money in your bank account
in as little as 60 minutes.

Must be Australian citizen, New Zealand citizen or permanent resident

Earn more than $30,000 p.a. from employment

Must at least be 18 years old

Bank-grade security

‘Read only' access to accounts

256-bit data encryption

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