Just when you thought things were going along well, a rogue shopping trolley destroys a car door, you find yourself in a minor prang, or the engine breaks down out of nowhere!
Wanting to apply for a loan?
If you’ve experienced poor credit history in the past, contact Finance One, and we can assist you to apply for a secured or unsecured personal loan based on your personal finances and needs. Get in touch with our team at Finance One Support to discuss your options today.
Apply Online NowWhat is the process for applying for emergency car repair finance?
Finding a loan for quick car repairs, with bad credit, doesn’t need to add to what is understandably an already stressful situation. Here is the process for accessing a loan for car repairs:
1. Determine your car repairs finance amount
This step might seem obvious, however, there are a few steps involved to ensure you borrow the right amount of money to avoid any nasty surprises.2. Make sure it fits in the budget
With a quote in hand, you’ll have a good idea of how much your repairs are going to cost you. Then you need to figure out if that amount is affordable. If the amount is more than you can afford up front, a loan to fund the car repairs might be the best option. With Finance One car repair finance, you can apply for loan amounts of $5,000 up to $25,000*, which are repaid through regular loan repayments over the term of the loan, as per the loan agreement.
Our loan calculator can help you determine whether
your loan amount fits your budget, by finding a manageable loan term.
Car Loan Calculator
If your budget is on the lower side, it might suit you best to repay the loan over the longest term, whereas if you have the cash flow, you can save a bit of interest if you pay the loan back quicker. We don’t charge early payout fees, so if you happen to have a lump sum of money sitting in your bank account and you’d like to pay off the finance early, you’re free to do so.
3. Access a lender with flexible lending criteria
Finding a loan when you have bad credit isn’t easy, and money problems are one of life’s most significant stressors — something you don’t need while trying to get your vehicle back on the road!
At Finance One, our vehicle repair finance is quick, easy, and suits everyday Aussies.
Even those who might have poor credit. We look closely at your personal and financial circumstances to determine if you’re able to repay a loan, rather than focusing on your past.
Apply Now4. Complete an online loan application
Once you’ve double-checked the details regarding how much the repairs will cost, and you’ve checked that the repayments fit into your budget (give us a call if you’d like help with this step), it’s time to apply online.Our loan application form for car repair finance is straightforward and extremely fast. We simply need your personal details, some info about your income, then a few documents like your ID and bank statements. Once you’ve completed the online application process, you could have approval in as fast as 48 hours.**
Apply Online Now
How do loans for car repairs work?
Loans for car repairs are simply personal loans for car repairs. They can be set up as secured or unsecured personal loans. With secured personal loans, you basically nominate an asset to use as security that the lender can repossess in the event you do not repay the loan. Unsecured loans are offered without using an asset as security and generally come with slightly higher interest rates.Who can offer car repair finance for people with bad credit?
There are some lenders that may be able to offer a personal loan for car repairs. However, very few can cater to those with bad credit, a lack of credit history, self-employed income or those receiving government benefits. At Finance One, we specialise in Vehicle Repair Finance for people who don’t fit into the strict lending criteria most other lenders have.
So if your car breaks down, and you're searching for a loan for quick car repairs, we're here to help get you back on the road as quickly as possible!
Get in touch with us today to learn more about the suitability of Vehicle Repair Finance for your needs.
Talk to us Now*Personal Loans over $15,000 must be secured.
**48-hour approvals are subject to satisfactory documentation being received to assess the application.
Normal lending criteria apply. Fees and charges are payable. Terms and conditions apply.
Finance One means:
Fin One Pty Ltd – ABN: 80 139 719 903
Australian Credit Licence: 387528
Disclaimer: The information above is of a general nature only and does not consider your personal objectives, financial situation or particular needs. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your particular circumstances. We do not accept responsibility for any loss arising from the use of, or reliance on, the information. Please note that approvals for loan applications are subject to satisfactory documentation being received to properly assess the application. Normal lending criteria apply. Fees and charges are payable. Terms and conditions apply.
