A car repair loan is a type of personal loan specifically designed to cover the costs of vehicle repairs. Whether you need to fix a flat tire, replace a faulty transmission, or address any other mechanical issue, a car repair loan can provide you with the funds you need to get back on the road safely.

To apply for a car repair loan, you will typically need to provide us with the following documents:

Salaried Employee

1. 1. Copy of MyKad (front and back) 
   2. Latest 3-months salary slips
   3. Latest EPF / BE form
   4. Latest 3-months bank statements
   5. Latest Utility bills of current residence (Electricity/Water/Maintenance/etc.)
   6. Information about the repair estimate / Invoice from your chosen auto repair shop

Self-employed individuals:

1. 1. Same documents as above, plus SSM and tax declaration/receipt

*Any other documents where necessary.

Interest rates and repayment terms for car repair loans may vary depending on factors such as your creditworthiness and the amount borrowed. We offer competitive interest rates and flexible repayment options to ensure that you can manage your loan payments comfortably.

At LSD Prestamo, we offer competitive interest rates and flexible repayment terms for car repair loans. Our dedicated loan officers ensure transparency and fairness throughout the process, providing clarity before finalizing your agreement. For further details, feel free to contact us or visit our rates and fees page.

Eligibility for a car repair loan is typically based on factors such as your credit history, income, and the cost of the repairs. Our loan officers will assess your application and work with you to determine the best loan option based on your individual circumstances.

We understand the urgency of vehicle repairs, and we strive to process car repair loan applications as quickly as possible. While approval times may vary depending on the complexity of your application, we aim to provide you with a decision within 2-3 business days.

While car repair loans are primarily intended to cover unexpected repairs, you may also use the funds to address routine maintenance issues to ensure the ongoing safety and reliability of your vehicle.

Yes, we prioritize the security and confidentiality of your personal information. We employ industry-standard encryption and security measures to safeguard your data throughout the loan application process. Your information remains protected and confidential at all times. Read our Personal Data Protection.

No, as the funds are transferred directly into your account you will need a bank account to get a loan.

Applying for a car repair loan is straightforward. You can begin by visiting our website and completing the online application form. Alternatively, you can visit our office to apply in person. Our dedicated team will guide you through the process and assist you every step of the way.