Car repair loans are otherwise known as personal loans. You can essentially use this money for any investment or emergency, but since your car is in need of fixing, that's the issue that is most worthy of your personal loan. It can be secure or unsecure, which ironically has nothing to do with how secure itis for you. All that ‘secure’ means is that personal collaterals are required, I the loan is ‘unsecured, that means you don't have to put any personal collaterals on the line.