Get back on the road with a quick car repair loan
It’s hard to be prepared for an emergency, and if your car breaks down, it’s not unusual to become panicked. A Car Repair Loan, not to be mistaken with a car loan, is an emergency cash loan that is there for when disaster strikes, helping you get back on the road sooner.
If you’re facing urgent car repair expenses and need quick financial assistance, a car repair loan can help you get your vehicle back on the road faster. At Swoosh Finance, you can borrow up to $5,000 with a personal loan for car repairs, even with bad credit.
Apply online today and we’ll get you moving!
Get back on the road with a quick car repair loan
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What is a Car Repair Loan?
A car repair loan is a short-term personal loan designed to cover vehicle-related expenses like engine repairs, tyre replacements, or crash damage. It’s not the same as a car loan, which is typically used to purchase a vehicle. Instead, it’s a fast way to get emergency funds for urgent repairs.
Find out more: Car Repair Loans in Australia: A Simple Guide
How to get a car repair loan: Our 3 step process
Our application process and approvals are 100% online. You can do everything online in just three easy steps, getting you your emergency car repair loan fast.
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Complete an online application in just minutes.
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Get fast approval within 60 minutes of receiving your information, during business hours*.
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Once approved, an offer is sent to your email for you to sign. Once signed the funds are transferred directly into your bank account.
How quickly can I get a Car Repair Loan?
We pride ourselves on our same day loans, and our online loan application takes only minutes to complete. Once received, we can get you the money you need on the same day. In many cases, you can apply for your Car Repair Loan today and receive the funds in your account before the day is done.
Once a contract is signed electronically, we’ll deposit the funds directly into your bank account.
Find out more about how to get a loan with Swoosh.
*Approval speed is conditional upon receipt of all requested relevant documents/information & usually comes within 1 hour during normal business hours/banking days. If you return your contract by 3:30pm AEST, your funds will be transferred overnight.
Structure for Car Repair Loans
At Swoosh, we give you all of the information upfront. With us, there are no nasty surprises or hidden fees, here are all of the details on our secured loans:
| Loan amount | $2,300 – $5,000* |
| Fees: |
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| Annual Interest | 47% (Comparison Rate 66.0347%)** |
| Term length | 12 Months |
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Debit dishonour fee (if a scheduled payment is returned unpaid) | $39.95 |
| Repayment options | Weekly, fortnightly or monthly (based on your pay schedule) |
At Swoosh, we communicate upfront and honestly, making our online loans simple to understand and quick and easy to complete.
Fees and interest rates:
Our loans for car repairs can be paid back over 12 months. There are no hidden charges, monthly fees and no penalties for paying back your loan amount quicker – so you can pay it back as soon as you are ready. Find out more
- $0 application fee (even if your application is not approved)
- Establishment Fee – $400 (included in the loan)
- PPSR and Security Check – $20 (included in loan)
Keep in mind that you may incur additional fees and charges each time you miss a payment, and this may affect the length of your loan.
Interest is calculated daily based on the outstanding balance and applied to your account. Interest rates are fixed for the loan term — so you know exactly what to expect. If a scheduled payment is missed or returned unpaid, we may issue a $39.95 debit dishonour fee.
Can I Get a Car Repair Loan with Bad Credit?
Yes, it is possible! We understand that bad credit isn’t always an indicator of where you’re at today, and we have an evaluation process that takes this into consideration.
For those who find themselves in a financially secure position after a history of bad credit, it can prove very difficult to secure a standard loan. So, by looking into the ‘here and now’ of your financial situation, we’re able to offer a bad credit loan to those who have been impacted by poor credit in the past.
We offer our loans after evaluating current bank statements, assessing whether you have the ability to repay the loan now, not one year ago or some other time in the past. This way, you can get an emergency car repair loan with bad credit, helping you back on the road.
Eligibility criteria
We’ve made it as simple as possible, so you can apply for a loan with Swoosh today.
- Be over 18 years old
- Citizen/Permanent Resident of Australia
- Employed for at least 3 months
- Own a vehicle registered in your name
Car Repair Loan FAQs
What is the best loan for car repairs?
The best car repair loan depends on your situation. At Swoosh, we offer fast personal loans of up to $5,000 to cover a wide range of vehicle repair costs.
How do I get a loan to repair my car?
Our 3-step application process is fully online. Fill out a short application form, provide documents, and if approved, funds could be in your account the same day.
What can I use a car repair loan for?
Car repair loans can be used for common repairs or mechanical issues like replacement parts, servicing, towing, or damage repair—basically, anything that gets your car running again.
Are there car repair loans near me?
Yes. Swoosh offers online car repair loans available across Australia so you can apply from wherever you are!
Got questions?
Contact us to get your questions answered, or to discuss your individual case.
**WARNING:This comparison rate is based on the Swoosh Medium Loan for an amount of $2,500 over 2 years and a $400 establishment fee. Fees and charges are payable. Different terms, fees or other loan amounts might result in a different comparison rate.
