What Is an Auto-Secured Loan?

An auto-secured loan--also called an auto-secured transaction, secured car loan, or collateral car loan--allows you to use your automobile as collateral for a loan. This may provide you with additional lending options.

Many people use this type of loan for auto-related expenses, such as for repairs or other expenses. You can use the loan funds in a variety of ways.

Our loan terms are payable in monthly installments over one to five years, providing you with a more predictable repayment plan.

How to Get an Auto-Secured Loan

Applying for an auto-secured loan is simple2 when you visit a Republic Finance branch:

1

Fill out a pre-qualification request (this won’t affect your credit score).

2

Verify your info during the loan application process. 

3

Sign loan documents and get your money. If approved, you’ll receive your funds within 1-2 business days.3

Apply Now

Why Get an Auto-Secured Loan from Republic Finance?

RESPONSIVE SERVICE

You’ll love our friendly team. Simply stop by one of our many branch offices to get started.

SIMPLE PROCESS

We strive for simplicity. That means no headaches – a branch team member will guide you through the loan application process.

STELLAR REPUTATION

Our customers love us. More than ten thousand customers rated us on Feefo an average of 4.9 out of 5 stars last year.

What Are the Benefits of an Auto-Secured Loan?

Many people take out a loan against their car or truck because it can help them qualify for a loan. Also, the terms may be more favorable when you use an automobile as collateral.

Auto-secured loans are especially helpful for unexpected expenses, especially vehicle-related costs.

When your car breaks down, your truck needs maintenance, or you require help with vehicle expenses, an auto-secured loan can provide the urgently needed funds.

How Can I Use an Auto-Secured Loan?

Approved for an auto-secured loan, you can use these funds for several purposes, including refinancing your current vehicle payments. Auto-secured loan funds can be used to pay off your current loans with a new loan and, dependent on the customer, these funds may help lower your current interest rate, reduce monthly payments, or change the duration of your loan.

Our auto-secured loans also offer the funds you may need to repair your vehicle. You cannot always wait to get the funds when car maintenance is needed, especially if you must pay for a new engine or other major repairs for your vehicle. Republic Finance may be able to lend you the funds to pay off those auto repair bills, and if approved for these funds, you can pay off your repair bill right away or spread your auto loan payments out over time. 

Get Pre-Qualified

What Are the Benefits of an Auto-Secured Loan?

Many people take out a loan against their car or truck because it can help them qualify for a loan. Also, the terms may be more favorable when you use an automobile as collateral.

Auto-secured loans are especially helpful for unexpected expenses, especially vehicle-related costs. When your car breaks down, your truck needs maintenance, or you require help with vehicle expenses, an auto-secured loan can provide the urgently needed funds.
 

Looking For a Republic Finance Branch Near You?


Find a Location
  1. Loan terms (e.g., rates, origination fees and max. loan amounts) apply based on your state of residence and may vary depending on your creditworthiness. Not all consumers will qualify. Secured loan applications and closings must be completed with a branch employee, and not on our website. Secured loans will have collateral and insurance requirements. Auto-secured loans require a first lien on a motor vehicle that is titled in your name, with valid insurance. Current customers: some current customers may not be eligible for a loan refinance. Further, all refinance applications and closings must be completed with a branch employee, and not on our website.
 
  1. Based on more than 28,000 feedback responses from Feefo, with reviewers rating our loan application process with a 4.9 out of 5 rating. See all the reviews>>> The average time to complete loan paperwork is less than 12 minutes, but many people complete it in less than 10 minutes. The in-branch loan closing time is an estimated 60 minutes. Of the roughly 20% of applications that require additional underwriting, the response time is less than six minutes
Note: Insurance products offered by Republic Finance vary by your state of residence. For more information, contact or visit your local Republic Finance branch.