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Car Repair Loans

Personal Loans up to $10,000

Money in your bank account and ready to use in 60 seconds once approved*(1)

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Apply in less than 8 minutes

Jacaranda Finance offers car repair loans from $300 to $10,000.

If you’re in need of urgent car repairs but don’t have the cash available, don’t put off getting your car fixed. Jacaranda developed car repair loans just for your situation. 

Need a quick car repair loan?

Regardless of whether you have comprehensive car insurance or not, car repairs can be very expensive. Whether you were an at-fault driver in an accident or you scraped a pole in a busy parking garage, fixing the damage can often be thousands of dollars. If you are searching for car repair loans online, Jacaranda Finance may have a solution for you.

Jacaranda Finance offers car repair loans from $300 to $10,000 with our simple and easy online application form. We are an award-winning lender specialising in delivering quick and efficient loans to Australians in need of a quick cash loan. We process our loans within 60-minutes* and support instant transfers on approval; this means cash in your bank account in 60-seconds** from approval. When you need a car repair loan, Jacaranda Finance is a lender you can trust. 

What is a fast car repair loan?

Quick car repair loans are a type of personal loan designed specifically to be used when covering car damage. Whether your car breaks down or you lost a back wheel in a nasty accident, a car repair loan can be used to cover your costs. We offer three types of car repair loans online: small loans, medium loans and large loans. 

Loan type Security option Loan amount Repayment options
Small loan Unsecured $300 to $2,000 12 months
Medium loan Secured $2,100 to $4,600 13 to 24 months
Large loan Secured $5,000 to $10,000 13 to 24 months

Car repair loans Australia

There are an abundance of car repairs or car fixes your vehicle may need over its life. This could include a new set of wheels, a cracked windscreen or a new set of keys; you can get a car repair loan to cover these expenses. Here are some examples of car repairs you may wish to utilise a car repair loan for:

  • Electrical repairs (batteries, starters etc.)
  • Electronic repairs (computer, engine controls)
  • Engine repairs/service (fuel injection cleaning, fan belt repairs)
  • Heating and cooling (air conditioning, water pumps, radiators)
  • Steering and suspension (tire repair, wheel alignment)
  • Brake repairs
  • Smashed window or windscreen repairs
  • Scratch or dent repairs
  • Paint damage
  • Interior or upholstery repair
  • New wheels

How to apply for a cash loan for car repairs

Completing your loan application is quick and easy with our simple application form. Within just a few minutes you can complete and submit your application; our team will endeavour to process your loan application within 60 minutes* and you could have your cash in 60-seconds of approval**. Follow these steps to apply for a car repair loan:

Step 1: Apply online

Step 2: Our team will process your application ASAP

Step 3: We will let you know the outcome of your loan application

Step 4: If approved, review and sign your contract

Step 5: Receive your cash for car repairs

Supporting documents

We must receive copies of your supporting documents along with your online loan application. Please ensure that you provide the following documents when you apply so that our team can process your loan as fast as they can:

  • 100 points of identification
  • Your basic personal information
  • The reason for your loan
  • Your online banking login details
  • Your myGov login details (if you receive Centrelink benefits)

Eligibility criteria

We also require that all of our applicants meet our eligibility criteria before we can approve their loan application. Please ensure that you meet the following criteria before you apply:

  • You are at least 18 years old
  • You are an Australian citizen or permanent resident
  • You have had a consistent income into your bank account for 90 days
  • You have an email address and mobile phone number

Car repair loans bad credit

Searching for ‘emergency car repair loans bad credit’ with no success? Jacaranda Finance is an online lender; this allows us to be a more financially inclusive lender as we have more lenient credit requirements than traditional lenders. We provide bad credit loans to eligible applicants that meet our lending requirements. We utilise current bank statements to conduct a thorough financial assessment; this is to ensure all applicants can reasonably manage their loan. If we find that a person can manage their loan repayments, even if they have bad credit, we may be able to provide them with an emergency loan for car repairs.

We are a responsible lender; we follow ASIC’s responsible lending guidelines. We must conduct credit checks on every application we receive; however, a bad credit score will not stop you from accessing finance from Jacaranda Finance.

FAQs about car repair loans

How much can I borrow for car repair loans vehicle?

You can borrow any amount within the $300 to $10,000 range to cover your car repair expenses. We will conduct our financial assessment to ensure you can manage your loan amount. Your repayments will vary depending on your loan term and the amount borrowed.

What are the fees and charges?

Your loan contract will include all fees clearly outlined to you in the terms and conditions. We do not charge hidden fees or early payout fees. You may be charged fees including interest and monthly fees. Your interest rate will be determined based on your credit score.

Do you provide Centrelink loans for car repairs?

Yes. We consider most forms of Centrelink income as regular income. If you can reasonably manage your requested loan amount and meet the rest of our eligibility criteria, we may be able to provide you with a quick personal loan.

How do I repay my car repairs loan?

We will set up a direct debit in line with your current pay cycle. This way, your repayments will be automatically debited from your account on your selected day. When your loan has been paid off in full, your direct debits will stop.

What happens if I miss a repayment?

You will be charged a late fee if you miss a scheduled repayment. If you know that you are going to miss a repayment, please contact our friendly customer service team at least 24 hours beforehand so that we can try to find a solution to suit you.

Can I use a car repair loan to pay my car registration?

Car repair loans are specifically designed to be used for car repairs. However, we also offer car registration loans to assist you in covering your car registration. Additionally, we also offer car loans for both new and used vehicles from $5,000 to $35,000.

*If you apply within our standard business hours

**If you have an NPP-enabled bank account

Reviews don’t lie 🌟

Reviews current as of June, 2021.

Our low rates

Our low rates

💰 Personal Loans starting from 8.69% (12.05% p.a. Comparison Rate)

🚗 Car Loans starting from 5.29% (5.84% p.a. Comparison Rate).

We never charge early repayment or exit fees.

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Jacaranda is 100% online. So, we do not accept applications over-the-phone. However, our friendly team is more than happy to answer any questions you may have.