Caravan Loans

When applying for a caravan loan for a used caravan, lenders will take into consideration the age and in certain instances the condition of the used caravan when assessing the loan application. 

 If you are buying a used caravan from a private seller, you should visit the Australian Governments Personal Property Securities Register website to check if there is any caravan finance owing on the caravan before you purchase it.

Yes, caravan loans can be pre-approved. If you have not found the caravan of your dreams just yet, that is ok, as most lenders will allow you to apply for a pre-approval. With a pre-approval you will know just how much you can borrow before you start looking for your new caravan or motorhome.

No matter if you’re looking at a new or used caravan or deciding whether to get a fixed or variable caravan loan, you first need to compare your caravan finance options.

Comparing your caravan loan options can save you hundreds, if not thousands of dollars just by finding the right loan product for your specific situation.

The easiest and quickest way to compare your finance options is to take 5 minutes to do a loan comparison to find the best caravan loan for you, from over 60 different lenders and banks.

The caravan loans comparison tool will not impact your credit score. 

When comparing caravan loans look at the following:

• Interest rate – Look for the lowest rate you are eligible for
•  Loan Term – The loan term is the length of time you will be borrowing the money for. A longer loan term means you will have cheaper repayments, but you will pay more in interest overall.
• Fees – Check for upfront fees and any ongoing fees, these can add up
• Borrowing amount – Check to see if the lender offers the loan amount that you require to purchase the caravan you want to buy
• Extra Repayments – Check to see if it is possible to pay off more than the minimum amount each month without any fees or charges.

You can apply for  caravan loans if you are:

• Over 18 years or older
• An Australian citizen or permanent resident or on an approved Visa
• Employed or have an income source to cover the loan repayments
• Have an Australian mobile phone number.