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Car repair loans

Keep calm
and car on

Get back on the road with low rate car repair loans from 6.74% comparison rate 7.57% for excellent credit.

The Wisr Difference

Not your average lender

We’re smart, with a big heart.

  • Your rate is tailored based on your credit score.

  • You’ll get an outcome that’s right for you.

  • With no early repayment fees.

  • Learn how to keep them in shape.

  • Our customer service team is ready to help.

Loan Calculator

Doing the maths is smart

Calculate your repayments on a car repair loan.

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  • $0.00
    Monthly repayment
  • 0.00%p.a.*
    Comparison rate
  • $0.00
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Details

Total Repayments$0.00
Total Interest$0.00
Amount Required$0.00
Establishment Fee+ $0.00
Loan Total$0.00
Interest Rate (p.a.)10.00%

Testimonials

For the part of you that learns from others

The Process

We keep it simple

  • 01

    Get your personalised rate estimate in 2 minutes

  • 02

    Apply online and get a response right away

  • 03

    Upload your documents

  • 04

    Sign on the digital line

  • 05

    Get your money within 24-48 hours, if approved

Product features and fees
  • Loan purpose

    Car repair loan

  • Interest rate

    Fixed from 6.74% to 24.54%

  • Comparison rate

    Fixed from 7.57% to 25.32%

  • Loan amount

    $5,000 – $62,000

  • Terms

    3, 5 and 7 years

  • Establishment fee

    $595

  • Features

    No early repayment fees

Eligibility criteria
  • Gross income over $25,000 p.a.
  • Over 18 years of age
  • No unpaid defaults last 5 years
  • No bankruptcies last 7 years
  • Not currently in financial hardship
  • Permanent Australian resident (living in Australia right now)

Things to know

Q1: What is a car repair loan?

A car repair loan is a type of personal loan used to pay for urgent or planned vehicle repairs and maintenance on an existing owned vehicle.

To purchase a new or used car, see our car loans page.

Q2: How long will it take to get my funds?

We understand that car repairs can require prompt action, so we strive for a fast and thorough application process. With all the required documents, we aim to have the money to you within 24-48 hours once the car repair loan is approved.

Q3: What are the fees for paying off my loan early?

There are none! In fact, we want to help you pay it off sooner. We offer Booster Payments free of charge, plus a clever Wisr App feature called Round Up that rounds up your everyday transactions and allocates it to a debt of your choice.

Q4: What are your interest rates?

The rate we calculate is personalised to you. Our car repair loan rates begin from 6.74% comparison 7.57% for customers with excellent credit. Not sure where your credit score is sitting? Check your credit scores for free with Wisr.

FAQ

For the curious

  • Yes. If you’ve already paid out-of-pocket or used a credit card, you can use the loan to reimburse yourself or pay off that debt. Just speak to us about your situation before you apply.

More Resources

  • The boring (but important) stuff

    Registered member of the Australian Financial Complaints Authority for dispute resolution | Partnered with Equifax . for credit reporting | Full-site HTTPS, AES-256 data encryption.

    1: This rate applies only to borrowers with excellent credit histories. Wisr will also offer loans at higher rates to applicants with good histories, but who do not meet the requirements for our lowest rates. Interest rates range from minimum 6.74% to maximum 24.54% Loan example: for a borrower with excellent credit, a loan of $30,000 over a 5 year term, with an interest rate of 6.24% comparison rate 7.57% and a $595 establishment fee, the monthly repayment would be $602.07 and the total cost over the life of the loan including the establishment fee would be $36,124.30.

    2: Comparison rates based on $30,000 unsecured loan, fixed over 5 years, with monthly repayments.

    3: Comparison rates based on $10,000 unsecured loan, fixed over 3 years, with monthly repayments.

    4: Comparison rates based on $10,000 secured loan, fixed over 3 years, with monthly repayments.

    5: Comparison rates based on $30,000 secured loan, fixed over 5 years, with monthly repayments with a total loan amount compared to the vehicle asset valuation less than or equal to 130%.

    * WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms may result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

    Note: All rates mentioned on this website are calculated on a per annum basis.

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