Car Repair Loans

Need funds to repair your car? Savvy has you covered.

Apply in less than 10 minutes.

Last updated on April 19th, 2022 at 03:42 pm by Thomas Perrotta

Car repair loans from $300-$5,000 approved

At Savvy, we can assist in sourcing a short-term cash loan to fix any kind of issue you have with your car. Loans for car repairs are amongst the most popular requests we receive from our customers. This occurs due to the majority of used cars in the market no longer having manufacturer’s or extended warranties attached to them.

When cover is no longer accessible and you don’t have the savings to pay for your repairs, the next best option is to look at a small loan to resolve the issue. With amounts available up to $5,000, loan terms of up to two years and fixed fees, you can apply now and receive your funds before you know it.

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The features and benefits of car repair loans

Rapid approval and fund transfer

You can receive an instant outcome in 60 seconds and have your money transferred to you in as little as one hour.

Borrow up to $5,000

Any amount from $300 up to a maximum of $5,000 is available for your loan, making them suitable for a variety of repairs.

Loan terms up to two years

As part of your loan, you can choose to make your repayments over a period as short as 16 days all the way up to two years.

Flexible usage

Whether you’re looking for cash to pay for big or small repairs, we can help you get approved no matter what your car needs.

No security needed

Savvy matches you to your lender instantly, who provide instant outcomes, and same day approval is achievable for borrowers.

Fixed repayments

With capped, fixed fees built into your loan and no interest, your repayments will stay the same and allow you to budget around them.

Diverse acceptable income streams

Aside from your salary, we accept a range of other income sources, including disability, age and veterans’ pensions, parenting and carer payments.


You don’t have to be receiving payslips to qualify, either, as we help self-employed workers get approved for loans for their car repairs too.

Why trust Savvy for your car repair loan?

What repairs can you cover?

Our loans can assist in covering some of the following problems you may have with your car:

  • Body repairs
  • Engine
  • Gearbox or Transmission
  • Differential
  • Turbo or supercharger
  • Cylinder Head & Gasket
  • Radiator
  • Cooling system
  • Air Conditioning
  • Fuel systems
  • Brakes & ABS brake system
  • Electrical repairs
  • Clutch
  • Steering
  • Suspension
  • Power windows
  • Computers
  • Transmission Computer
  • Driveshaft & universals
  • Ignition system

The above list is quite a comprehensive one which would cover most parts however our cash loans can cover and kind of damage. You could also use some of you approved funds to do some modifications which may include a:

  • Drivetrain
  • Exhaust system
  • Cold air intake
  • Performance chip
  • Sports suspension
  • Sport brakes
  • Turbocharger
  • Body Kit

Or you could purchase some additional accessories such as:

  • Roof racks
  • Tonneau covers
  • Grille guards
  • Mirrors
  • Snorkel

Our loans can also be used for other maintenance requirements as well, not just in emergency cases, but also if you need to renew your car registration, change your tyres or complete your regular service.

Your questions about car repair loans answered

Will you pay the mechanic directly?

No – the lenders on our panel will transfer the funds directly into your bank account. You can from there pay the mechanic either through EFT or on your bank card. The loan comes into your account like any normal cash deposit.

Can I use my loan for multiple purposes, not just for car repairs?

Absolutely – and many of our customers do. You could apply for a $5,000 cash loan but only use $3,500 of it for the repair, for instance. The remaining funds can be used to pay your bills or anything else.

Can I consolidate other debts with the loan I take out to repair my car?

Yes – this is also quite a popular thing to do. Many customers are looking to consolidate and roll over existing debts into one new facility. You can definitely use the loan to pay the mechanic, and pay out any existing pending debts that you have. If you have other cash loans, you will need to contact the lender and ask them for a discharge letter. All of the payment options will be listed on your letter; most lenders offer BPAY or EFT options to close off an account.

What about if I have bad credit, can I still get funds to fix my car?

Yes – Savvy is a loan marketplace, meaning that we have access to a number of different providers. Most of the lenders on our panel offering small personal loans accept customers that have bad credit.

Can I get a loan for more than $5,000 if I have bad credit?

We can assist with a personal loan for more than $5,000. Larger personal loans with bad credit can be harder to approve, so they may take a few days. The maximum unsecured amount if approved would be $8,000, the customer profile would need to be quite strong in terms of employment and bank statement conduct. If you have security, such as an unencumbered car, getting access to more than $5,000 becomes much easier.

What about if I don’t have bad credit and need more than $5,000?

We can absolutely assist with this – if there is no bad credit on your file, lenders are prepared to go up to $50,000 on an unsecured loan, if your income and profile allow for it.

What will my term and repayments be for a $2,000 loan?

On a $2,000 loan amount, you can choose any term between 16 days up to 12 months. On a 12-month loan term, your repayment per month will equal around $280, which includes your application fee of up to $400 and monthly fees of up to $80.

Do I need go into an office to apply or finalise the loan?

No – all of our applications are 100% digital. Loan documents are signed electronically & any supporting documents are uploaded online via the lenders’ website.

Can casual employees get approved?

Yes – casual employees do fit within many of our lenders guidelines.

If I take out a $5,000 short-term loan, can I pay if off before the 24 months?

Yes, this is possible. You won’t be charged any discharge costs and it’ll help you save a considerable amount on fees overall.