Fast, Simple Loans When You Need Them Most

You should choose the option that best suits your current financial situation and that you believe you can comfortably manage paying back. Both options provide you with the funds you need, but car repair loans provide you with fixed repayments and a clearly-set loan term so you always know there is an endpoint. On the other hand, a credit card is a more open-ended option, but you will need to have enough available credit.

Trusty Finance aim to make applying for car repair loans as easy as possible for people who meet our eligibility criteria. As long as you meet those requirements, we hope to assess your application within a few business hours. If we approve your loan, we’ll transfer the funds to your nominated bank account within 60 seconds of receipt of your signed loan contract.

Yes, you can! Trusty Finance endeavours to make your car repair loan repayment obligations as easy as possible, so you can pay weekly, fortnightly or monthly. Whatever works best with your household budget and pay cycle.

Trusty Finance moving cost loans are secured loans that help you to cover the costs that typically come with moving house. You can apply online for any amount between $2,100 and $5,000. If we approve your loan, you can use those funds to pay for anything from removalist fees to utility connections, property inspections, cleaning services and more. Trusty also aims to make repaying your loan as stress-free as possible, so you can set your schedule to line up with your pay cycle, whether that is weekly, fortnightly or monthly.

Australian lenders often consider the 28/36 rule to be a healthy financial benchmark of your borrowing capacity. The rule proposes that a borrower should spend a maximum of 28% of their gross monthly income on common housing expenses such as rent or mortgage payments, and allocate no more than 36% of their income on total debt servicing. That 36% figure includes the housing costs included in the 28%, as well as other debts such as credit cards, car loans and personal loans.

Keeping to this suggested benchmark might help you to maintain a low debt-to-income ratio, which may improve your chances of getting your moving cost loan approved.

A loan can provide the necessary additional funds to make moving house less of a burden on your finances. Though a loan isn’t always the right solution for every person, for some it can be a workable alternative to maxing out their credit card or dipping into their savings. However, it’s important that you don’t borrow more than you can afford to repay and that you stick to your moving budget. As part of Trusty Finance’s responsible lending obligations, we ensure we only approve loans to people we believe can comfortably meet their repayment obligations.