# Pay for your car repairs with a personal loan

- Auto repair loans up to $50,000 at competitive and low fixed rates
- Check your rate in minutes

Loan amount

Pay off Credit Cards Debt Consolidation Business Home Improvement Large Purchase Other Loan purpose

Checking your rate is free and won’t impact your credit score.

## Auto repair financing to get you back on the road without breaking the bank.

Get the car repairs you need with fixed-rate financing that has affordable monthly payments.

## Reach your goals with a personal loan through Upgrade

[Cover an unexpected expense](/content/en-ca/personal-loans/unexpected-expense/index.html)

## Best Personal Loans

Personal Loans

## Personal loan reviews from our customers

**Excellent**  
4.7 out of 5 star rating on Trustpilot  
Based on [**57,866 reviews**](https://ca.trustpilot.com/review/upgrade.com?utm_medium=trustbox&utm_source=Carousel)

- 5 out of 5 star rating on Trustpilot

- Review by Jenn,  18 June:  Upgrade has been easy to use and details each payment on statements. I think I... [Click to view the full review](https://ca.trustpilot.com/reviews/6a33c8fa310c556a8a3ceadc?utm_medium=trustbox&utm_source=Carousel)  
- 5 out of 5 star rating on Trustpilot

- Review by Michelle Jackson,  3 June:  Great service! [Click to view the full review](https://ca.trustpilot.com/reviews/6a2069545e7d7fbc10f7aef3?utm_medium=trustbox&utm_source=Carousel)  
- 5 out of 5 star rating on Trustpilot

- Review by M.Hud,  3 June:  When trying to decide what to do for my family, Upgrade provided an avenue for a... [Click to view the full review](https://ca.trustpilot.com/reviews/6a20565de450177274ba885e?utm_medium=trustbox&utm_source=Carousel)  
- 5 out of 5 star rating on Trustpilot

- Review by JOSEPH,  3 June:  Excellent customer support, fast service. Always there to help. [Click to view the full review](https://ca.trustpilot.com/reviews/6a1f6c6ebd7434994c431244?utm_medium=trustbox&utm_source=Carousel)  
- 5 out of 5 star rating on Trustpilot

- Review by Tiffany Chase,  2 June:  Very simple and quick. Will definitely be back if needing a loan again. [Click to view the full review](https://ca.trustpilot.com/reviews/6a1f0845b8d00711d08f3120?utm_medium=trustbox&utm_source=Carousel)

## It's quick and easy to apply for a personal loan online

### Check your rate

Apply online in minutes and see your rate with no obligation or impact to your credit score.

### Choose your personal loan

Review multiple loan options and decide which offer is best.

### Fast funding

Accept your loan offer and you should get your money within a day of clearing necessary verifications.

## Personal loans through Upgrade are flexible & customizable

### Select an offer

Choose your monthly payment that won't ever change and fits your budget.

### Fixed rate & term

Pick terms that fit your timeline.

## A simple breakdown of a personal loan

Get to know the rates, fees, and your payback plan

If you're approved for a **$10,000** loan with a **17.98% APR** and **36-month** term...

### Your APR

The 17.98% APR includes:

- 14.32% yearly interest rate
- 5% one-time origination fee ($500)

### Your money

You would get $9,500 deposited directly in your account

$10,000 - $500 = $9,500  
Loan amount - Origination fee

### Your payments

And, each month you would pay back $343.33 over 36 months

## Personal Loan FAQs

### What is an auto repair loan?

While car insurance usually covers the cost of collision-related damage, you're often on the hook for repairs from normal wear and tear. This is where an auto repair loan can come in handy. Auto repair loans are a type of personal loan that you use to pay for your vehicle's repair.

### Why use a personal loan to pay for car repairs?

A personal loan through Upgrade is unsecured, which means it isn’t backed by property or other collateral. Personal loans through Upgrade have a fixed interest rate so you’ll know exactly what you’ll pay each month and when you’ll finish paying back your loan.

You’ll receive your funds in a lump sum. You can use your money to pay the car mechanic everything you owe for the repairs or spread out your payments over time. You have the option to pay off your loan early, at any time, with no prepayment fees.

## Manage your money on the go with the Upgrade app

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