Find Emergency Car Repair Loans with Jacaranda NZ!
Car repair loans: do they exist?
Are you looking for a reliable lender that offers car repair loans? Why waste time searching google when Jacaranda Finance NZ could do the searching for you! Jacaranda NZ is a lender finder with a difference. We match borrowers up with the very best lenders in New Zealand to give you the best chance at car or truck repair loans. The best part is we are 100% online. That means you won’t even have to leave the house to submit an application.
Our application process could only take a few minutes to complete and we could even have an outcome for you in just 60 minutes. So, what are you waiting for? Scroll up to start your application today!
Can I get a loan to repair my car?
Many online lenders offer personal loans that can be used to fund car repairs and maintenance costs. As a form of personal finance, car repair loans – also known as ‘auto repair loans’ or ‘vehicle repair loans’ – can be secured or unsecured. Generally, you can find car repair loans online valued between $300 and $10,000.
If you need a personal loan for car repair, Jacaranda NZ can help you find lenders capable of offering you the finance you’re looking for. When you apply with us, we do the searching for you! That means you don’t have to worry about finding the right loan solution to meet your needs. Just apply online and let us locate a lender that could match your requirements.
How do car repair loans work?
Car repair loans work just like any other personal loan, allowing you to borrow a fixed amount of money and pay it back in instalments over a set term. These repayments are set by the lender who provides the loan and will vary based on the loan amount and interest rates.
Jacaranda NZ is a lender finder. That means we submit your loan application to a variety of different lenders who could approve you for a car repair loan. Lenders should to take a realistic look at your finances so you get the best chance possible at a car repair loan in New Zealand. So, if you’ve been searching the web for a reliable lender, search no more. If you apply during regular business hours our team will do their best to get back to you with an outcome in just 60 minutes.
Can I get car repair loans with bad credit?
Yes, some lenders offer car repair loans for bad credit holders. However, in most instances, a lender will not be able to provide car repair loans no credit check. They will still need to check your credit score when assessing your loan application, yet this will not be the only factor they consider. Your income, employment, and current spending habits are all factors they may look at when determining your suitability for a loan.
Ultimately, lenders should take a realistic look at your finances. They will do their best to find an appropriate loan product. So, if you’ve been searching for a ‘car repair loan bad credit’, we could help you find a lender willing to give you a fair go at finance!
Car repair loans: who can apply?
Our application criteria are pretty simple. To be eligible to apply for a car repair loan with Jacaranda NZ you must meet the following requirements:
- All applicants must be over the age of 18;
- You must have received some type of regular income for the last 90 days into a bank account that is your own;
- Applicants must have an active mobile phone number and email address that we can contact you on;
- Internet banking must be set up.
What documents will I need to show my lender?
At Jacaranda NZ we can help borrowers find lenders. That means you won’t be asked to provide any unnecessary documentation when you apply for car repair loans. We will only ask you to provide the absolute necessities in your application form.
Here is what we suggest you have handy:
- Personal details like your online banking & employment info;
- An active email address and mobile number;
- The reason you are applying for the loan;
- Your MyGov details (if you are receiving Centrelink payments);
- Employer and contact details.
Will my lender call my boss?
Yes, in most cases lenders do conduct employment checks. There is no need to worry though, employment checks are just a routine part of the assessment process. The lenders that Jacaranda NZ aims to match you up with will understand that privacy is crucial. So, none of your personal information will be disclosed to your employer, including the reason why you are applying for a car repair loan.
If you’ve got questions the team at Jacaranda NZ are always here to help. However, we recommend you get in touch with your individual lender for further details on a possible employment check.
Why does my lender need my online banking details?
We will use your online banking details to access read-only copies of your bank statements which we’ll send along to the lender we match you up with. Bank statements allow our lenders a better look at your current financial situation. Factors such as your income, spending habits and pre-existing financial commitments will be accessed to determine whether or not a personal loan is right for your individual circumstances.
There is no need to be concerned regarding security. We use the latest in safe banking technology to ensure your information is always encrypted – that means no one will ever be able to see your personal information or passwords.
Will a possible lender do a credit check?
Yes, lender cannot provide car repair loans without a credit check. Responsible lenders are required to check credit scores during a loan assessment. In most cases, a possible lender will conduct a credit score check. This should not deter you from applying though, your lender will not base their entire assessment solely on the results of a credit score check. Our lenders prefer to focus on how you are going to repay your loan when assessing your eligibility.
At Jacaranda NZ, we work with lenders that are committed to providing car repair loans in line with responsible lending principles. Responsible lenders are required to adhere to a code of conduct that keeps consumers safe. According to these principles:
- Lenders must exercise the care, diligence and skill of a responsible lender in all its dealings with borrowers and guarantors. This includes when advertising, before entering into a loan, and in all subsequent dealings relating to the loan or guarantee. Some elements of this principle are set out in specific lender responsibilities and lenders can take guidance from the code as to how to comply. However, the “care, diligence and skill” principle stands alone, and to satisfy it, lenders might need to take any action which may not necessarily be specified in the lender responsibilities or in the code.
- Lenders must comply with the specifications listed lender responsibilities set out in the Credit Contracts and Consumer Finance Act (CCCF Act).
Can I apply for car repair loans with government benefits?
Yes! Many lenders will not rule out an individual because they are receiving financial assistance and may consider it as a viable form of income. So, if you’re a Kiwi receiving social security or government benefits then you can still apply for car repair loans.
If you’re still unsure whether you’re eligible for finance, Your welcome to apply anyway. Jacaranda NZ will work hard to find a lender that matches your needs. Plus, it’s free to submit an application and if you apply during business hours our team will work hard to get back to you with an outcome in just 60 minutes.
No hidden fees or charges
At Jacaranda NZ we don’t believe in hidden fees or charges. Our lenders are committed to 100% honesty and transparency. So, what you see is what you get. Any fees or charges that could incur for late or failed payments will be clearly outlined in your agreement. Lenders want to make it as simple as possible for you to repay your car repair loan.
A potential lender will usually make an effort to ensure your car repair loan repayments are in line with your income, that way there is always cash in your account. If you have questions regarding your contract we suggest you get in touch with your lender straight away. Our lenders are friendly and down to earth.
Car repair loans: Ready to apply?
If you’re ready to submit an application for a car repair loan you’ll be pleased to know that with us, it could only take you a few minutes to complete.
Head to the top of the page and use our loan calculator to select your desired loan amount and the repayment period. When you’re happy, just hit apply now.
Fill out the form
If you’ve chosen to proceed with an application you will be directed to our full application form. This could only take you a matter of minutes to complete. If you submit your form during regular business hours our team will do their best to get back to you with an outcome in just 60 minutes.
We look for a lender
Once we receive your application form our team will submit it to a variety of different lenders who could match you with the perfect car repair loan.
Sign your agreement
If the Jacaranda NZ team has been able to match you with a compatible lender we will put you in touch. They will then conduct their own assessment and let you know if you are approved. Your lender will send over an agreement for you to review and sign. The Jacaranda NZ team encourage all applicants to read through their contract carefully. This will ensure you’re aware of any fees or charges that could incur for late or failed repayments. When you’re happy, just sign your agreement and send it back to your lender.
Get your cash
As soon as your lender receives your signed agreement the money will be transferred to your account. The introduction of online banking means you could have your cash in just 60 seconds (for NPP enabled bank accounts). Check with your lender or your bank for an accurate estimate of transfer times.
Access fast funding today!
If you’re looking for quick car repair loans, online lenders can provide some of the fastest turnarounds. However, finding the right lender to meet your loan requirements can be a time-consuming process. Jacaranda Finance NZ is the lender-finder Kiwi’s turn to when they want a fair go at a car repair loan. We can help you find the finance you need, fast.