The freedom to travel this great country and have a little piece of home that travels with you- talk about a great experience!
Call us and you will have access to expert advice, incredibly low interest rates and more than 40 lenders on our panel who can help to finance your caravan. We also offer additional insurance and warranty products with your caravan loan application so you can hit the road with full coverage.
Caravan Loan Interest Rates
Our goal is to find you the best deal with the lowest interest rate possible. We are partnered with over 40 lenders and we will help you choose from among the best quotes they provide. Interest rates vary from lender to lender. We are here to help every step of the way to get you the best deal.
Caravan Finance Calculator
If you want to calculate repayments yourself, try ourcaravan finance calculator. Bear in mind that the figures are estimates and the actual loan may vary depending on your individual circumstances. Please contact us and we can provide a more accurate figure personalised to you. Absolutely no obligation.
No worries, we will help you find a lender that offersbad credit caravan finance.
Caravan Financing Guide
Choose the Type of Caravan You Want to Finance
There are various types of caravans and all of them have their own pros and cons. What you choose will ultimately depend on your needs and budget.
One of our customers wanted a light caravan that he can easily tow but still has all the features of a full caravan or even more. He also wanted the freedom to use his tow truck without having to bring the caravan with it so he opted tofinance a custom camperinstead.
Determine your needs, wants, and all the possibilities to help you choose the best caravan for you and your family.
How Much are You Willing to Pay Every Month?
Acaravan loanis a leisure purchase. It’s not something that you have to own because you need it like you would need a car so deciding on the amount of money you want to spend for it is important.
Financing could take 1 to 7 years depending on your financial capacity.
One of our specialties is helping people get the best and lowest interest rate possible so you can be sure that we will work doubly hard in helping you compare quotes and in choosing the deal that will allow you to save more money.
Make a credit check
Your credit report needs to be checked once a year so you are aware of your credit score and to be able to check for inaccuracies in the report. Identity theft is rampant these days and a regular credit review allows you to catch fraud before it ruins your finances.
The interest rate you need to pay also depends on your credit score so knowing where you stand right off the bat will give you an idea of what to expect.
Get a copy of your credit report from these sources:
Look out for the following when reviewing your credit report. Inconsistencies may be disputed and could result to a higher credit score.
Fraudulent charges or transactions.
Incorrect debt amounts listed.
Debts showing “in default” even when it’s not.
What if you have bad credit?
We have helped numerous Australians secure abad credit caravan loan. With over 40 lenders in our panel, we are confident that we can find one or more lenders that will be willing to finance your caravan.
Compare caravan loans online
With all the seemingly awesome deals that you will see online, how do you know which one to choose?
Is a0% caravan loanbetter than another deal that offers 5% interest rate? At first glance, it seems to be the case but if the 0% interest rate packs a lot of fees, you may be better off with a5% caravan finance.
Read the fine print and have your agent list down all the extra charges and fees that you need to pay so you know exactly how much you are spending. You may be surprised with all the additional fees that lenders charge their customers.
This is where a finance broker, like Ausloans, comes in handy. Instead of doing this on your own by going from one lender to the other, the finance broker will do the heavy lifting for you. They request a quote from multiple lenders and help you choose one that suits you best.
Easy Caravan Loan Repayment Options
Different options allow you to manage your finances well. Depending on your plans, you can pay off your loan early, have a varying interest rate so you can take advantage of rate cuts, or choose to pay a lower monthly repayment with a lump sum at the end of the loan term.
Fixed Interest Rate –With this type of loan, your monthly payment is fixed for the entire term of the loan. This is perfect for those who are budget conscious and wants to know exactly what they need to pay month after month.
Variable Interest Rate –Means that your repayments could go up or down depending on the current interest rates. Lenders may have different ways in implementing rate cuts and increases so make sure to ask about this if you are considering avariable interest rate for your caravan loan.
Balloon Payment –Means you pay a lump sum at the end of the loan term and you also have the option to refinance the lump sum in case you do not have ready money for it. One of the main advantage of having a balloon payment is that your monthly repayments are low.
Early Loan Termination –If you have extra money, you may want to pay off your loan early to save on interest payment and to free yourself from the burden of paying month after month. Lenders may charge an early termination fee though so make sure to ask about this option if early loan termination is a possibility for you.
Additional Payments –This is one of the best features many of our lender partners provide. When you pay more every month you can actually save on your interest payments andpay off the caravan loanearly.
New or Private Sale Caravan Loan
Buying new or used have their own advantages and disadvantages.
Ability to buy high end models without the high end price.
Slower depreciation than brand new ones.
No waiting time for delivery.
Lower interest rate.
New and advanced technology.
Option to custom build your caravan.
Money is not the only factor when deciding whether to buy new or used. First time buyers may find it better to buy a used one in order to decide whether a caravan is really fit for their lifestyle. The built in features are also something to consider. Do your really need the oven or a toaster would d
Types of Financing
Secured Caravan Loan –The caravan serves as a security for the loan and the lender can repossess and sell it in case you default on the loan. Interest rates are usually lower if the loan is secured.
Unsecured Caravan Loan –This is the opposite of a secured loan. The caravan is not tied to the loan and therefore cannot be taken if you fail to make repayments. Lenders will go after you and recover their losses through other legal means. Interest rates are higher if a loan is unsecured.
Common requirement for caravan financing
Proof of Income
Fill out the form above so we can help you with your caravan loan. We have over 40 lenders in our panel and they are all eager to help finance your new or used caravan.
Great work, Ausloans! Friendly kind service and went the whole way.— Gregory Hurley
Ausloans was awesome would highly recommend them to anyone, huge thank you to them for helping me sort out our situation— Tina Haley
Very happy ! Ausloans is very impressive, quick and reliable.— Kerrie Stower