Get back on the road with confidence

An auto repair loan is a type of personal loan that is specifically designed to cover the cost of repairing or maintaining a vehicle. These loans can be used to pay for a variety of repairs, such as engine repairs, transmission repairs, or even routine maintenance like oil changes and tire replacements.

Yes, taking out an auto repair loan can affect your credit score, both positively and negatively, depending on how you handle the loan. While a debt repair loan can help you pay for unexpected car repairs, it can cause your credit score to temporarily decrease. However, an auto repair loan may increase your credit score in the long term if you make consistent on-time payments.

Learn more: How Personal Loans Can Affect Your Credit Score

At Regional Finance, we offer loans up to $45,000.* You can prequalify for a loan up to $12,000 online without impacting your credit score.

*Not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle that meets our requirements. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards.

It only takes 5 minutes to prequalify online. If you are prequalified, you can reach out to your local branch OR your local branch will call you within 24-48 hours. As soon as you bring the required documents to the branch and sign your loan documents – you can receive your check that day!

Federal law requires us to obtain, verify, and record information that identifies each person who opens an account with us. Your assistance in providing us with this information helps us to not only process your application quickly, but also to protect you from the danger of identity theft.

Before we can complete your loan, Regional Finance will need you to provide the following documents:

• A copy of a valid, government-issued photo ID (e.g. driver’s license, state ID card, or passport)
• Proof of residence (e.g. a utility bill, or a signed lease)
• Proof of income (e.g. paystubs or tax returns)

Additional documents may be needed, depending on the loan for which you qualify