Car repair loans

Apply for a car repair loan in 3 simple steps!

One thing most people can agree on is that car breakdowns are the worst. It doesn’t seem to help that they always tend to happen right when you’re short on cash, either.

Unfortunately, having a working car is a non-negotiable for a lot of people. Whether it’s for employment purposes or important personal purposes, many people can’t go without their car until they can afford to fix it with their next paycheck. We offer loans across Australia – including BrisbaneSydneyMelbournePerth and Adelaide.

Fortunately, a quick cash loan can be a quick and easy solution. A car repair loan can help you get your hands on cash quickly and will allow you to get your car up and running in no time.

Applying for a car repair loan is a breeze. In fact, it’s as easy as 1, 2, 3, as you can see below.


To apply for a loan with City Finance, you’ll need to fill in an online application form, which you can find here. The application is simple and you’ll just be required to select the amount you’d like to borrow and the repayment time, as well as fill in some personal information and send proof of identity.


Once we receive the information from you, someone from our team will call you to confirm your application details. If your application is approved, we’ll send you an email confirming the approval. We’ll also get your bank details so we can send over the money.


Once you’ve been approved, you should receive the money by the end of the day. However, most customers receive the money even sooner. From here you’ll be able to spend the money on what you please – and you will just need to meet the contracted repayments (weekly, fortnightly or monthly).

What is a car repair loan?

Like the name implies, a car repair loan is a type of loan that you can use specifically to fix your car.

Both car parts and the hourly fee charged by mechanics usually don’t come cheap and you may be forced to cough up an ungodly amount of money to have your car fixed properly. Aside from their expensive costs, cars are vital for a lot of people and need to be fixed quickly so that they can get back to business as soon as possible.

If you don’t have enough money to fix your car, the thought of going without your vehicle until you’ve saved up enough money to fix it can be a scary prospect. Plus, those who need their car for work will be caught in a catch 22: they won’t even have the option to working without their car, so they won’t be able to save up the money to fix it.

This situation can be avoided by taking out a car repair loan and receiving a cash deposit into a nominated bank account on the same day. From here, you can enlist the help of a mechanic to fix your car and get you back on the road swiftly.

Different types of car repair loans:

At City Finance we have two different types of car repair loans available to help you fix your vehicle.

The first is a smaller loan that works well for smaller repairs, like a replacement tyre or a replacement brake line. The second type of car repair loan we offer is ideal for applicants who have a more costly repair required for their car – or if they’re even looking to buy a cheap replacement car so that they can get back on the road.

Below are our two types of car repair loans:

A SACC (small amount credit contract)
With this type of car loan, you can borrow between $500 and $2,000. The cost is a 20% upfront establishment fee (split across payments) and monthly fees of 4% for maintenance.

A MACC (medium amount credit contract).
If your car needs a repair that costs upwards of $2,000, you can opt for a MACC. With a MACC you can loan between $2,001 and $5,000. You will be charged a flat upfront $400 establishment fee (split across payments) and a 48% annual percentage rate. With this option, there are no monthly fees for maintenance.

Am I eligible for a car repair loan?

If you have a problem with your car and you are aged 18 or over, then you’re probably eligible for a car repair loan with City Finance!

All that we require for this type of personal loan is proof of income (this can be a job or a form of Centrelink payments). We’ll also need a simple online form to be filled out and be accompanied by some previous bank statements. If you match all the above requirements, you’re eligible for a car repair with us. Currently unemployed? Check out our loans for people who are unemployed for more information.

What supporting documents and information do we need to process your car repair loan application?

At City Finance the process of applying for a car repair loan is simple. We don’t need a bunch of different documents, all we require is the following:

  • A copy of your ID
  • A short application form with details such as your address and phone number
  • Proof of your income (either wages or Centrelink benefits)
  • 90-day history of bank transactions

Already been approved for a loan with us in the past? You may be eligible to apply for a no credit check loan.

Why choose City Finance?

  • Quick decisions, quick deposits
  • All-inclusive lending
  • Flexible repayments
  • Responsible lending trusted by thousands of Aussies
  • Hassle-free borrowing
  • We understand crises

Car breaks can happen to anyone. And, for most people who own a vehicle, it’s very hard to go about daily life without one. We understand how important it is for us to issue a car repair loan quickly so that you can get back on the road ASAP.

City Finance can assist to approve a loan at lightning speed. In fact, our customers often receive money in their nominated bank on the same day that they apply for a loan.

We’ve been in the lending business for over two decades, so our specialists are skilled in making fast decisions. They’re also experts at getting the paperwork done quickly so that you can receive the money as fast as possible.

Every loan is different, so blanket repayment terms are rarely suitable. Instead, we offer differing loan amounts, repayment frequency, and loan lengths to suit your particular situation. More often that not we will treat your loan as a payday advance loan, and repayments will be made to match your payday cycle.

We know that car breakdowns don’t just happen to people with flawless credit records – or high incomes. Often, it actually (and unfortunately) seems to happen the other way around. So, we have very flexible terms when it comes to who we offer personal loans to. Even if you have a bad credit record, or are a pensioner, we may still be able to offer you a car repair loan.

Our team understands that every situation is different. So, they will personally speak to you and understand your circumstances before making a decision on your personal loan. They can chat with you to work out a plan about how we can lend you money in a way that you’re able to handle the repayments. If you’re ever struggling to meet a repayment, our understanding team can work out a contingency plan with you, too.

What can I use a car repair loan for?

Cars come with lots of moving parts (literally) and the majority of these parts can fail or break. Figuring out exactly what’s wrong with your car can be difficult and usually takes the expertise of a mechanic. Below are some car problems that you can use your car repair loan for.

Replacement tyres

If you’ve ever experienced a tyre that’s popped while you’re driving – you’ll usually know straight away. It will usually cause your vehicle to swerve and make a very loud sound. It’s pretty much impossible to drive with a popped tyre, and if you attempt to do so you can risk serious damage to your car, and you may cause a serious accident. If you have a popped tyre you’ll need to have it fixed before you drive your car again.

On the other hand, your tyres may have become bald over time, or have a tiny hole that’s draining air slowly. Both of these situations are dangerous and could cause you to have a car accident so they will need to be addressed as soon as you notice them.

But what happens if you find yourself in either of the above situations and don’t have the cash to fix your tyre? Easy! Fill out an online application form for a car repair loan with us and you’ll have the money quickly.

Accidental damage

Car accidents aren’t just scary – they can be expensive too. If you’ve had a car accident and have found that the car is the only thing damaged, then you should consider yourself lucky! However, even the smallest damage to the exterior of a car can be expensive. Some damage can make your car unroadworthy and your vehicle will need to be fixed before you drive it again.

If you’re at fault for the accident, you’ll need to either pay an excess for your insurance to cover the damages for the other party or pay all of the damages yourself. The other party will expect the money promptly and can take legal action if you’re unable to do so. Remove the stress of this situation by applying for a car repair loan with us, and paying it off gradually as you can afford it.

Dead car battery

When it comes to problems with cars – a dead car battery is considered a pretty cheap and easy fix. Regardless, it can sometimes still be hard to get your hands on a couple of hundred dollars to replace the battery if you haven’t budgeted for it. Luckily, you can take out a small loan with us and have the car battery replaced that same day.

Ineffective brakes

If you’ve noticed something dodgy going on with your brakes – you should have them checked immediately. Even if you’re just finding yourself having to press down harder on your brakes, or if you hear a small squeak when you use them. Both of these scenarios can be a symptom of a bigger problem with your brakes.

Faulty brakes are one of the biggest causes of car crashes in Australia. Don’t risk your life – or other peoples lives. If you sense a problem with your brakes, head to a mechanic ASAP and have them check them. If you don’t have the money to do so, you can apply for a personal loan with us quickly easily.


How much money can I borrow to fix my car?

At City Finance we offer small loans ranging from $500 – $5000. You can tailor pick the amount you’d like to borrow, as well as the period you’d like to pay the loan off (you’ll have a time from one week to one year).

Can I expedite the processing time to get an emergency car repair loan quicker?

There’s no need to pay extra fees to speed up your approval process at City Finance. We pride ourselves on our quick turnaround time. Once you’ve submitted your application, our team will work fast to approve it and you can often have the money in your bank that same day. This will also depend on your bank’s processing times – but our loans are one of the quickest personal loans available.

Are car repair loans personal loans or secured loans?

Car repair loans are personal loans. This means you won’t need nay The loan will be deposited into your bank account as a cash amount. Once you’ve received the loan, you’re free to use the money however you’d like.

Can I get a loan for my car repairs if I have bad credit?

Yes, we’re very flexible with our loan terms. We can offer loans to Aussies who have trouble getting approved at other financial institutions. Like if they have bad credit or are self-employed.

Do I need to use my car as security for my loan?

No, security is only needs for secured loans. When you use your car as security for a loan, it’s considered collateral and the financial institution or bank can legally take your car off you if you’re unable to meet a repayment. All of our loans are unsecured personal loans, which means you don’t need to use any item as security or collateral.

Instead, the cash amount will be instantly transferred to your bank account once your loan is approved. You’ll then be expected to meet repayments according to the schedule you decided on your application – or that you arranged with one of our team members. We make this process hassle-free by organising a direct debit that will automatically deduct the payments from your bank account on their due date.

What happens if I find myself in a situation where I can’t make a repayment?

We understand that situations change and we appreciate it when a borrower gets in touch about their inability to make a repayment. If you find yourself in this position, don’t stress! Just get in contact with one of our friendly team members and let them know about your situation. They’ll work with you to sort out a contingency plan.


Highly highly highly recommended City Finance to anyone. The staff are absolutely amazing and very helpful. My experience the two times I have used their services have been amazing. Thank you guys!

Lulu Millar
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I had a very easy and straight forward experience dealing with City Finance... Very much appreciated the quick flow of decision making displayed. Regards, Graeme

Graeme Austin
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Great customer service, they're happy to help out when you need it if something unexpected has happened and you need cash fast, definitely recommend and repayments are tailored to your needs.

Cassandra Dodd
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Wonderful people very friendly and helpful been with them for some time now and have never had an issue with them always have my payments on time

Pauline Arrowsmith
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City finance for fantastic. The application is still in fairly quickly within outcome usually within 24 to 48 hours. Customer service is lovely and the only company that would help me out with the loan when no other one would. Highly recommend.

Chanelle Ryan
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