Caravan loans FAQ

You can borrow between $10,000 and $150,000.

To apply for a caravan loan, you’ll need to meet some basic requirements:

• Be an Australian citizen or permanent resident
• Be at least 18 years old
• Have a source of income
• Must be an owner occupier

As part of responsible lending, we’re required by law to make sure any loan we approve won’t put you at risk of financial hardship.

Your eligibility can also depend on the type of caravan finance you’re applying for, as different options have different criteria. The best way to find out is to book a call with our friendly lending team. Book a call today and we’ll guide you through your options.

Yes. There is a $400 application fee ($500 via a private sale) and $8 monthly fee.

Yes. Please book a call with our friendly lending team to discuss. Pre-approval can help to strengthen your position when negotiating with the dealer or seller. If you know your budget and are buying a caravan with a pre-approved loan, you can shop with confidence.

Once your loan is approved, we’ll need a copy of the tax invoice and your completed loan documents. If it’s a private sale, the seller will be required to complete a digital asset verification through DoxAI. This will involve providing evidence of ownership, including photos of the caravan and ID verification. After we receive these, the funds are usually released within 24 hours. If you’d like more details specific to your situation, call our friendly lending team today.

Yes, you can have two applicants on a caravan loan. You can find out here if you’re eligible.

There are a number of things that influence your borrowing capacity, as well as the terms, interest rates and duration of any given caravan loan. As a result, it's impossible to say exactly how much you can borrow for the purpose of a caravan loan.

You can determine how much you can borrow for a caravan loan by using the borrowing power calculator tool that we offer. Our borrowing calculator is an easy, accessible way of checking your borrowing capacity, as well as getting a clear picture of how your repayments will look over the course of the loan, with interest figures included, too.

You can find our borrowing power calculator here.

You can get pre-approved on the same day, and final approval within 2 days. The overall processing time, from application to settlement, typically takes 3 to 4 days if all required documents are provided in a timely manner.

At loans.com.au, we finance used caravans up to a maximum of 7 years.

To help your caravan loan application go smoothly, we will need a few key documents. These help us confirm your identity, understand your financial position and assess the caravan you plan to buy. You will need to provide:

• Proof of identification (Australian driver’s license, passport)
• Proof of income (two most recent pay slips)
• Proof of assets and liabilities
• Information about your caravan and along with your insurance details.

We are required to ask for these documents to comply with anti-money laundering legislation.

Importantly, it’s highly likely you will need to provide proof of comprehensive caravan insurance before receiving the stamp of approval. This is so you can repay the loan in full if the caravan is damaged beyond repair and needs to be written off.

A fixed rate caravan loan means your interest rate stays the same for the entire loan term. With this type of loan, your repayments remain consistent, so you pay the same amount each repayment for the duration of the loan.

A variable rate caravan loan means your interest rate can change with the market. This means your repayments may go up or down over time, so it’s important to be prepared for possible changes.

At loans.com.au, we offer secured caravan loans.

Most pre-approvals usually only last for 30 days, but at loans.com.au they’re valid for 60 days.

We can finance most caravans towable by a motor vehicle, including camping trailers and pop tops. However, we do not accept campervans and motorhomes.

At loans.com.au, you can choose a repayment schedule that suits you best: weekly, fortnightly or monthly, all set up through direct debit for convenience.

Depending on what suits you, paying weekly or fortnightly may be beneficial. Because there are 52 weeks in a year, weekly or fortnightly payments add up to an extra month’s worth of repayments annually. This can help you pay off your loan sooner and reduce the amount of interest you pay over time.

You can pay out your caravan early, however, there may be break fees depending on the specific terms of your loan agreement.

To find out more, get in touch with our friendly lending team today.

Yes, you can make extra repayments on your caravan loan, but it’s important to check the specific terms of your loan agreement as fees may apply. If you pay off your loan early, you may be charged an early repayment fee. With loans.com.au, if you have a variable caravan loan, you can redraw any extra repayments you make. If your loan is fixed, a redraw facility is not available.

The ability to redraw extra funds is only available on variable rate caravan loans. If your loan is fixed, redraw is not available.

If a caravan under finance is written off, your insurer will pay the outstanding loan amount to the lender. However, after deducting the excess and considering the insured value, there may be a shortfall that does not cover the full balance.

Contact the team at loans.com.au as soon as possible. They can explain your options and help you manage the situation.

Yes, you can sell your caravan while it’s under finance, but there are a few things to keep in mind. Most lenders, such as loans.com.au will require you to pay off the remaining loan balance once you receive the sale proceeds.

Depending on your lender and loan terms, you may also need to pay a break fee or early repayment fee. Get in touch with our friendly lending team today to find out more.