Car Repair Loan options in just minutes.

The eligibility criteria for a Car Repair Loan will be different for each lender, but in most cases you will need to be over the age of 18, either an Australian citizen or permanent resident and earning some type of income. 

To submit a Car Repair Loan application for assessment, the only documents you need to provide are your driver's license and a copy of your two most recent payslips. In some circumstances we may require a few more supporting documents, but the Driva platform will automatically let you know if we need any additional documentation, and why.

Once your Car Repair Loan has settled, you’ll start making repayments to your lender to pay back the loan (plus interest and fees). These payments are normally made monthly, but depending on your lender you might be able to organise weekly or fortnightly repayments instead. Loans are normally taken out for a period of between 1 and 7 years. Keep in mind that the longer your loan term, the lower your repayments will be (but the more your loan will cost you overall!).

Comparison rates you’ll be eligible for vary by loan amount, credit history and a whole host of other factors. This means that, unlike secured vehicle loans, the interest rates you’ll receive vary entirely depending on your creditworthiness. We work with 15+ different lenders which means we’ve got some of the sharpest rates in the market.

Yes. Our lenders can provide personal loans starting at $2000, and ranging all the way to $63000. Our wide array of lenders mean you can receive a personal loan for pretty much anything, ranging from those home repairs you’ve been putting off, to that three month trip to Europe you’ve been dreaming about.

At Driva, we offer a variety of finance options beyond personal loans. We finance all types of vehicles, from camper trailers to second-hand cars and business auto loan solutions so you can find the right solution for your unique needs and budget. We even have competitive electric car loan rates for our eco-conscious drivers.

Opting for a car repair loan has several benefits over paying cash. Firstly, it allows you to keep your savings intact and thereby have a financial safety net for future emergencies. Secondly, by choosing to take out a loan instead of using cash, you keep your credit score healthy by showing lenders that you are capable of meeting your financial obligations. Lastly, repayments are more manageable and spread over a specific period, which helps you budget accordingly. In short, getting a car repair loan offers a financially savvy way to fix your vehicle without putting unnecessary strain on your finances.