- Does applying affect my credit score?
- No. We run a soft credit check, which does not affect your score and is not visible to other lenders as an application.
- How much can I borrow?
- As little as $500 to as much as $15,000 and up to 100% of the repair quote from one of our partner automotive shops.
- What are the repayment term options?
- 12, 18, 24 months at a fixed 28% APR, and you choose weekly, bi-weekly or monthly payments.
- Can I pay it off early?
- Yes, at any time, and there is no penalty for doing so.
- Do I get the money?
- No. We pay the shop directly when your loan is signed. You never handle the money for the repair.
- Is the decision automatic?
- No. A loan officer reviews every application. Nothing is declined by a machine.
- What is the lifetime warranty?
- Every repair financed through OTRA Lending carries a lifetime warranty on parts and labor, through the partner shop that did the work.
