Car Repair Loans

Car Repair Loans

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!

What do I need to do to get a car repair loan from Fundo?

First of all, you need to meet our minimum eligibility criteria. As of August 2024 this is:

• Being 18 years of age or older
• Making over $1,000 in taxable income (government benefits allowed)
• Having current Australian citizenship or permanent residency
• Showing us through your current income and expenses (estimated) you’ll be able to pay back the loan without significant hassle

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!

Car Repair Loan FAQs

I need a car repair loan but have bad credit, can I apply?

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!

Can I refuse a credit check? Will you say no to my application?

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!

What kind of car repairs can I use the loan for? 

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!

How long do I have to pay back the car repair loan?

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.