Car Repair Loans
Same day funds up to $5,000
Same day funds up to $5,000
Anyone who owns and uses a car doesn’t have to be told it can be a money pit - especially if it breaks down. Cars aren’t perfect, and even the newest and best cars are prone to mechanical faults, electrical blowouts, and the most dreaded sound of all - crunching metal and plastic when we get hit by another car - or when we hit someone else’s car.
This can all cost money - and as cars and light vehicles are the main way we get to work, our kids to school, and how we run our lives. We can’t afford to have our cars off the road for any length of time. That said, car repairs and maintenance can be expensive - not to mention paying for yearly car insurance premiums excesses. When we’re being pinched by cost of living and far between paycheques, coming up with the money to cover repairs or excesses can be difficult to say the least.
That’s where Fundo can help. We’ve assisted thousands of Australians with small cash loans between $500 to $5,000 to help cover the costs of emergency car repairs, urgent excess payments, rego bills, or routine maintenance that came up between paydays. If your car repair or excess bill is urgent, we can front you the cash in a flash! Apply for your small fast loan using our easy and secure three-click Fundo dashboard. You’ll be up and running in no time - all that sits between you and your funds is a three-click application.
When approved, you’ll get the cash within 60 seconds if you have a modern PayID bank account! It really is simple to set up and get going with Fundo!
With Fundo, your loan agreement is laid out in easy to understand, jargon free English (need an interpreter? Call or chat with us!) with your loan term, fees, interest rates, and conditional charges all laid out before you click agree. You’re never caught short at Fundo - that’s our guarantee!
First of all, you need to meet our minimum eligibility criteria. As of August 2024 this is:
If that sounds like you, you can proceed to the Fundo dashboard and begin your car repair loan application. You can enjoy instant loan approval! Our application system is simple and straightforward. Just answer the questions to the best of your ability (we don’t need exact dollar amounts) and we’ll do the rest! If we need any more information to move your application forward such as payslips or Centrelink documents, we’ll let you know as soon as possible so we don’t hold up your small loan application in any way. If it’s all good, you could get your funds within 60 seconds! We put the fun into funding at Fundo!
Of course you can! Don't be concerned if your credit report is not up to standard or is considered “bad” by banks and mainstream lenders. No need to worry about it at Fundo! We understand that your credit history alone does not provide a clear picture of your financial status. We work hard to get you the car repair loan funds you need so you’re back on the road in no time!
On the contrary - we say yes when other lenders may say no to no credit check loans. No matter what, we won't look at your credit score unless you give us permission to do so. In contrast to other lenders like your bank, we have created our own credit score that is unique and takes into account more than just your present credit situation.
Fundo uses our own credit score - the Fundo Credit Score. We keep your in-house credit score up to date to show how trustworthy and reliable you are as a customer. You can improve your credit score with Fundo if you get same-day cash loans and pay them back on time (or even early, with no early payout fees!). We make sure that your payment information is kept up to date.
If a customer always pays their bills on time, they might get better personal loan interest rates, lower fees and charges, and bigger credit amounts in the future. This is how we show our thanks and make things more fun for you. It's another way how Fundo brings the fun back into funding!
You can use your car repair loan for any significant and urgent car or automotive expense that you can’t come up with any other way. This could be for urgent smash or crash repairs; mechanical repairs such as timing belt replacement, battery replacement, or any other parts replacement or repair; roadworthy certificate repairs; urgent safety or maintenance checks; car insurance excesses; car insurance premiums; auto electrical repairs; and any other aspect of car repair that you may need but otherwise don’t have the money for. Fundo can help with giving you a short term loan between $500 to $5,000 to cover these costs and help you get back on the road sooner!
You can choose loan terms ranging from 91 to six months for amounts up from $500 to $2,000 and up to two years for loans ranging from above $2,000 to $5,000. Remember - longer terms also mean more paid in interest, so ensure you strike a balance between loan term length and what you can comfortably afford to repay.
Safe
and Secure. 3 min
application²
Kim S.
Ellie P.
Robert D.
Safe
and Secure. 3 min
application²
Increase your Fundo Credit Score to boost your chance of getting approved on your next loan.
Safe
and Secure. 3 min
application²
Loan amount from $500 to $2000
Minimum 91+ days to maximum 6
months
20% establishment fee and a flat
4% monthly fee4
Loan amount from $2001 to $5000
Minimum 91+ days to maximum 2 years
$400 establishment fee, interest at
47.80% p.a. (comparison rate 66.58% p.a.)5
4 Fees are based on loan principal advanced.
5 The comparison rate is specific to a $2,500 loan over a two-year term with a $400 establishment fee and fortnightly repayments. Any deviation in loan amount, term, or additional fees and charges can result in a different comparison rate, and the given comparison rate only applies to the presented example.
6 The example assumes timely repayment as per the loan agreement, or additional fees and charges may apply.
Safe
and Secure. 3 min
application²¹As soon as you sign your contract and if all other requirements have been met, we instantly send the funds to your nominated bank account. If your bank works with the New Payments Platform (NPP), most customers see funds in their account within 60 seconds. If your bank is not NPP enabled, or it is a weekend or a public holiday, the funds are usually received by the next business day. Fundo cannot guarantee that loan funds will be received within 60 seconds
²Applying for a loan with Fundo usually takes about 3 minutes. However, this time can change based on a few things, such as your typing speed, the device you're using, and whether you have all the necessary information ready to go.
³As the approval process is influenced by various external factors, we can't guarantee that you'll receive a decision on the same day. However, most of our customers do receive a same-day response to their application with Fundo, if they submit their loan application and all the requested supporting information by 4pm Sydney time during a regular business day.
We typically respond within 2 min or sooner.
I'd like to borrow ($500 - $5000)
