A loan for car repairs can help you out financially if your car needs some work done. This type of loan can be used for new or used cars and even electric cars. You’ll need to pay the loan back over time, but if you make extra payments, it may cost you less in the end. If you’re interested in applying for a car repair loan, contact us. Let us help you get your car back on the road. Check out our eligible criteria below or start an application
Compare Car Loans
Looking for a car loan? Below are some criteria to consider when comparing different car loan options.
The comparison rate is the rate used to compare loan costs. This includes the interest rate and any fees. When you’re looking at different loans, you need to make sure you’re comparing the same loan amount and term before you look at the comparison rates. That way, you can be sure you’re comparing apples with apples to get the best deal.
This is the rate of interest payable on the loan amount. Depending on the lender, they may charge different interest rates based on the borrower’s risk profile.
This is the fee charged when applying for a loan. Depending on the lender and the loan amount, this could be a percentage of the loan or a flat fee.
This can include monthly service fee, late or missed repayment fee, and any other applicable fees. Make sure that you look at your loan agreement carefully to understand what fees are charged so there are no surprises.
With Credit24, you pay the same interest rate regardless of the term, but a shorter term will reduce the amount of interest you will pay.