Car Repair Loans
Need funds to repair your car? Savvy has you covered.
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.
The features and benefits of car repair loans
You can receive an instant car loan outcome in 60 seconds and have your money transferred to you in as little as one hour.
Any amount from $2,050 up to a maximum of $5,000 is available for your loan, making them suitable for a variety of repairs.
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.
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.
Savvy matches you to your lender instantly, who provide instant outcomes, and same day approval is achievable for borrowers.
With capped, fixed fees built into your loan and no interest, your repayments will stay the same and allow you to budget around them.
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 apply for a small loan with Savvy?
What repairs can you cover?
Our loans can assist in covering some of the following problems you may have with your car:
- Body repairs
- Gearbox or Transmission
- Turbo or supercharger
- Cylinder Head & Gasket
- Cooling system
- Air Conditioning
- Fuel systems
- Brakes & ABS brake system
- Electrical repairs
- Power windows
- 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:
- Exhaust system
- Cold air intake
- Performance chip
- Sports suspension
- Sport brakes
- Body Kit
Or you could purchase some additional accessories such as:
- Roof racks
- Tonneau covers
- Grille guards
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
Helpful small loan guides
The information on this website is of general nature and does not take into consideration your objectives, financial situation or needs.
For loans between $2,050 and $5,000, the APR is between 21.24% (minimum) and 48% (maximum) per annum. Comparison rate of 65.4962%. Minimum term is 16 days and maximum term is 24 months. The cost of the loan is a $400 establishment fee and monthly interest charged on the amount borrowed. For example, a loan of $3,000 over 3 months with an APR of 48%, (comparison rate of 65.4962%), will have an establishment fee of $400, monthly repayments of $1,225.20. Total repayments of $3,675.60 and total interest payment of $275.60.
Warning: A comparison rate indicates the true cost of a loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.