Car Repair Loans
Fast and affordable car repair loans
From minor fixes to major overhauls, Handy Finance car repair loans provide simple, flexible financing.
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Interest rate from6.57%p.a.*
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Comparison rate7.51%p.a.*
Why consider Handy Finance for your car repair loan?
Dealing with car problems is hard enough, and paying for the repairs shouldn’t add to the stress. At Handy Finance, we’re here to make car repair loans simple so that you can get back on the road without unnecessary delays or financial strain.
Apply online in minutes and get pre-approval for up to $75,000. You can use our loan calculator to see how much you can borrow and your repayments before you apply.
$2-75k Loan Amounts
$0 Monthly Fees
$0 Early Repayment Fees
1-7 yrs Flexible Loan Terms
3 quick and easy steps to securing your loan
Step 1
Get a free quote
Obtain an indicative quote in minutes, without impacting your credit score!
Step 2
Apply in Minutes
If you're happy with your quote, you can finalise the application online in minutes.
Step 3
Get Your Funds
You can get an indicative decision in minutes. Once approved, funds can be settled within 24 hours.
A quote won't impact your credit score
Car repair loans calculator
Estimate what your repayments could look like so you can finance your car repair with complete transparency.
I'd like to borrow
$30,000
Over a period of
4 years
With repayments every
Estimated weekly repayments from
$
including interest and fees
Loan amount --
Total estimated interest and fees --
Principal plus interest and fees --
A quote won’t impact your credit score
Interest rate from
6.57 % p.a*
Comparison rate
7.51 % p.a*
Interest rate from
6.57
%
p.a.*
Comparison rate
7.51
%
p.a.*
The interest rate and repayment amount are estimates only, based on the information you have provided. Your actual interest rate and repayment amount may be different. Terms and conditions, fees and charges and eligibility and lending criteria apply.
Car repair loans to get you back on the road
Unexpected car trouble? Handy Finance is here to help you get moving again – fast. Our car repair loans are designed to cover everything from minor fixes to major mechanical work, so you don’t have to delay essential repairs due to upfront costs.
A quote won’t impact your credit score
Taking the stress out of finance
Read what our happy customers are saying about us
Really easy car loan process
Second time around
Pre-approval quick and easy
Understanding car repair loans at Handy Finance
Need help navigating car repair financing? Our guide makes it easy to understand your options and choose a loan that suits your budget. With Handy Finance, you can take the next step toward getting your vehicle repaired with clarity and peace of mind.
Frequently asked questions
Need help with something? Here are our most frequently asked questions.
Can I use a car repair loan for any vehicle-related expenses?
Yes, car repair loans from Handy Finance are versatile and can be used for a variety of vehicle-related expenses, including engine repairs, transmission fixes, routine maintenance, accident damage, and more.
Can the expenses relate to another type of vehicle other than a car?
Absolutely! While car repair loans are commonly used for cars, they can also be applied to repairs for other vehicles such as motorbikes, vans, or even boats.
Is a car repair loan the same as a personal loan?
Car repair loans are a type of personal loan, but they are specifically tailored for vehicle-related expenses.
How are the loan repayments calculated?
Loan repayments are calculated based on factors such as:
- Loan amount – the total amount you borrow
- Interest rate – based on your personal credit history and evaluation against our credit scorecard
- Loan term – the length of your loan, between 1 and 7 years
Use our loan calculator to estimate your repayments and find an option that fits your budget.
How quick is it to apply for a car repair loan and receive the funds?
Applying for a car repair loan is fast and straightforward with Handy Finance. You can complete the application online and receive your indicative quote in minutes. Once approved, funds can be settled as soon as 24 hours.
Can I be rewarded with a cheaper car repair loan if I have good credit?
Yes! A strong credit score can help you qualify for lower interest rates, making your car repair loan more affordable. Handy Finance values creditworthy borrowers and offers competitive rates based on your personal credit history and evaluation against our credit scorecard.
Do I have to provide security for a car repair loan?
Handy Finance offers secured car repair loans, meaning you may need to provide collateral, such as the vehicle itself. This usually means you get lower interest rates, this can make our loans more appealing and affordable.
Do you pay the mechanic or repairer directly for the car repairs?
No, the loan funds are disbursed directly to you, giving you the flexibility to manage payments to your mechanic or repairer.
Are there any hidden or early payout fees for your car repair loans?
No. With Handy Finance, there can be a one-off establishment fee which covers the administrative costs of processing your application, but no monthly account-keeping or early repayment fees.
Could I get a car repair loan while on Centrelink?
Yes, you may still qualify for a car repair loan if you receive Centrelink payments, provided they’re a supplement to regular income from employment or self-employment. As with all applications, eligibility is based on meeting our lending criteria, including active employment, stable income, and the ability to comfortably repay the loan.
What if I struggle with my repayments?
If you are experiencing financial hardship and have difficulty meeting your repayments, please contact the Handy Finance team on 1300 990 115 or [email protected].
We’re here to help and can work with you to adjust your repayment plan or explore other options to keep you on track.
Ready to fix your car?
Don’t let car repairs disrupt your life. Handy Finance is here to help with quick, affordable car repair loans. Apply online today for a fast and hassle-free solution.
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A quote won’t impact your credit score
Looking for a personal loan? We’re here to help
OurMoneyMarket recently rebranded to Handy Finance and, whilst this gives us a shiny new look, all the people, products, and services within our business remain the same. The awards listed were presented to OurMoneyMarket before we changed our name and are used here with permission from the lovely people that gave them to us.
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