Your car is your connection to work, school, and daily life. When it breaks down, a personal loan from $200 to $5,000 gets you the funds to fix it quickly.
Fund Your RepairWhen your car breaks down unexpectedly, it's more than an inconvenience — it can threaten your job, your income, and your ability to handle daily responsibilities. For millions of Americans, especially those in areas without reliable public transportation, a working vehicle is essential. A transmission failure, engine problem, or even a set of worn-out brakes can cost hundreds to thousands of dollars — money most people don't have sitting in a savings account.
An auto repair loan from Patria Lending gives you $200 to $5,000 to cover the cost of repairs quickly so you can get back on the road and keep earning. The loan is unsecured — you do not need to use your car title as collateral, which means there is no risk of losing your vehicle. Payments are fixed installments spread over months, making each payment smaller and more predictable than paying a repair bill in full.
The application is entirely online and takes about five minutes. Once approved and after signing your loan agreement, funds can be deposited to your debit card within minutes or to your bank account by the next business day. Many borrowers are able to authorize their repair and get their car back within one to two days of applying.
From application to funding — four steps, entirely online.
Take your vehicle to a mechanic and get a written estimate for the repairs needed. This helps you determine how much to borrow.
Request a personal loan for the repair amount (up to $5,000). The application takes about five minutes from any device.
Once approved and after e-signing your agreement, funds hit your debit card in minutes or your bank account by the next business day.
Use the funds to pay your mechanic and get your car back on the road. Make fixed installment payments on your loan until it's paid off.
Understanding how different borrowing options compare helps you make the right choice for your situation.
| Feature | Personal Installment Loan | Payday Loan | Credit Card |
|---|---|---|---|
| Collateral required | None — unsecured | Your vehicle title | None |
| Risk if you can't pay | Fees + credit impact | You could lose your car | Fees + credit impact |
| Repayment | Fixed installments over months | Lump sum in 30 days | Revolving minimum payments |
| Payoff date | Clear and defined | 30 days (often rolled over) | No defined end date |
| Funding speed | Same day to next business day | Same day | Instant (if credit available) |
| Credit building | Possible with on-time payments | Typically not reported | Reported to bureaus |
Common questions about auto repair loans from Patria Lending.