Has your car let you down, requiring urgent repairs that you do not have the funds to cover? Are you short on savings to cover the repair costs and have no other options? If this sounds familiar, at QuidMarket we may be able to help with our small loans that can make a big difference.

We know that owning a car can throw up many unexpected expenses and that these can be expensive to resolve if your car is out of warranty. You can apply online as a new customer for car repair loans up to £600, and choose flexible repayments of up to 6 months to make repaying manageable each month. We can then quickly assess your application and see if we can help today.

  • New customers can borrow between £300 and £600*
  • Returning customers may be eligible to borrow up to £1,500*
  • Flexible repayment terms between 3-6 months
  • Bad credit histories welcome
  • QuidMarket is an FCA Authorised UK lender
  • No hidden fees
  • No guarantor or collateral needed
  • Same day cash transfer wherever possible
  • Quick and simple online loan application
  • Decisions made by humans, not computers

*Loan amounts and repayment terms are dependent on affordability checks

To start an application today, click apply now. You can choose the amount you want to apply for and the repayment term. To help, below you will find further information about our short term loans at QuidMarket and how our car repair loans work.

What are Car Repair Loans?

No matter how old your car is, there is always maintenance required to ensure it stays in good condition. From replacement tires, fuel costs, servicing and more, owning a car is one of the most expensive things you can do. Whilst most drivers know these regular costs are unavoidable, there are many other unexpected repairs that can happen at any time. If you have ever suffered from a tire puncture or breakdown that you didn’t see coming, you’ll understand the financial impact it can have. If you don’t have emergency savings that can cover the cost of these urgent repairs and you do not have enough available credit until your next payday, you’ll want to find an affordable solution.

Here at QuidMarket, we have helped many customers pay for emergency repairs when they had no other options to resolve them. We know that not everyone will have sufficient emergency savings to cover repairs when they are needed, and if you need your car for commuting to work or ferrying the family around, you may have no other options. We can’t guarantee we can provide the amount you need, however, we can provide a simple way to apply online and choose flexible monthly repayments that can spread the costs if paying out a large lump sum is too much in one go.

Our emergency loans can then help you resolve a car repair quickly so that you can minimise the impact of being without a car in the short term. Then, all you have to do is maintain the monthly repayments between 3 – 6 months at the repayment amount you choose. You can use our loan calculator before applying to see how much a potential car repair loan will be with us and adjust the repayment term to suit your budget. If we can help today, we will look to do so, but first, we need to ensure the loan is affordable and that a new loan won’t add to any financial issues you may currently have.

Car Repair Loans for Bad Credit – Is it Possible?

If you are someone that has a less than perfect credit score, it may seem that getting a car repair loan will be out of reach. However, there are many lenders online that may still be able to help, including us at QuidMarket. We do run credit checks alongside an affordability assessment to make sure that a loan is the right option for you, but we do not require you to have a certain credit rating. This means we may be able to help those with bad credit where possible.

Whilst having a poor credit score is not an obstacle to applying for car repair loans for bad credit, the loan still must be affordable for you. This means we will ensure before providing a decision that you are able to sustain the loan repayments you have requested for the term and amount of the loan. If we cannot determine whether the loan will be affordable, we will have to decline your application. However, if you have plenty of affordability for the loan you need, we will see if at all possible if we can approve the car repair loan you need.

Applying online for a Car Repair Loan

To apply today and see if car repair loans are possible for you, click apply now. You will need to meet the following eligibility requirements first:

  • Live in the UK
  • Be over 23 years old, and under 65 years old
  • Have a mobile phone (we send an SMS code during your application)
  • Hold a UK bank account with a valid debit card
  • Be in employment and take home at least £1,300 a month

If the above can be met, you’ll then be able to complete our short application form and submit your application. Our team of underwriters will then be able to quickly assess and then run credit and affordability checks. If all is ok and approved, we can then look to process the transfer of funds to your bank account as soon as possible. We cannot guarantee this will be the same day, however, we always strive to transfer funds at the earliest opportunity once approved and your credit agreement is signed.

Pay for Expensive Repairs with a Car Repair Loan Today

If you have any questions about car repair loans, please contact us. If you’re ready to start an application, click apply now, and we’ll see if we can help today. When you need a car repair loan with bad credit as soon as possible, at QuidMarket we’ll try our best to help resolve your short term financial emergency.

Please visit Money Helper if you require further assistance to help with financial difficulties and further information that may help you.



How Quickly Can I Receive a Car Repair Loan?

If we can approve your application for a car repair loan, we will then process the loan including your credit agreement as soon as possible. Please consider the time of day that you apply, as whilst our website is accessible 24/7, our underwriting team work within business hours. Any application submitted outside of these hours may not be processed until the following working day.

Do I Need Good Credit to Apply for Car Repair Loans?

Our eligibility requirements do not require applicants to have a certain credit score, and we can in some circumstances approved bad credit loans. If you have bad credit, you will need to ensure the loan repayments you apply for and the loan amount is affordable for you. We will have to decline any applications that we cannot determine have affordability, so please check your current finances before applying. Use our loan calculator to see how much the repayments may be for the loan term you choose as this will include the approximate interest charge.

Can I Borrow More than £600 as a New Customer?

The maximum you can borrow is £600 if this is your first loan application with us. If approved and if you ever need another loan in future, you will need to ensure the first loan is settled in full. Returning customers can then apply for up to a £1500 loan, however, this will be subject to a further credit and affordability assessment. Approval for a car repair loan with bad credit will depend on your situation at the time of applying and your current finances, so we cannot guarantee returning customers will be approved.


Warning: You should never pay upfront fees for a short term loan or send money in return for a short term loan. Late repayment can cause you serious money problems. For help, visit: www.moneyhelper.org.uk