Written by A caravan loan lets you finance your caravan, motorhome or other recreational vehicle with affordable, structured repayments. Here’s what you can expect with Savvy:
- Secured or unsecured: you can use your RV as collateral, potentially qualifying you for lower interest rates, or take out an unsecured loan if your vehicle doesn't meet the criteria.
- Flexible purchase options: as long as the RV meets your lender's requirements, you can buy new or used, from a dealer or private seller.
- Loans from $5,000: borrow from as little as $5,000 up to the full purchase price of your caravan.
- Cover additional costs: your loan can cover more than just the caravan, including registration, insurance and accessories for the vehicle like towing equipment.
- No deposit required: there’s no need to pay anything upfront or dip into your savings to secure your RV.
- Competitive interest rates: we work with a broad panel of lenders offering highly competitive rates, helping you secure a loan that fits your budget.
- Transparent fees: we’re upfront about any fees you’ll need to pay and will clearly outline any additional costs and charges so there are no surprises.
- Flexible repayment terms: you can choose a repayment term between one and seven years, providing the flexibility to tailor repayments around your budget and goals.
Why compare leisure loans with Savvy?
Once you tell us about yourself and the loan you're after, we'll compare offers for you and prepare your formal application.
We're partnered with some Australia's leading lenders to bring you a range of competitive offers to compare in one place.
We're a Platinum Trusted Service Award winner with Feefo and our rating of 4.9 stars our of 5 shows our customers' satisfaction.
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What types of RVs can I finance with a caravan loan?
You can finance a wide variety of RVs with a caravan loan, ensuring you find the perfect fit for your lifestyle and travel preferences. These include:
- Tent trailers
- Camper trailers
- Pop-up/pop-top caravans
- Caravans
- Slide-on campers
- Fifth wheelers
- Campervans (Class B RVs)
- Motorhomes (Class A and Class C RVs)
You’re not limited to certain brands either. Our financing options extend to all caravan brands, including popular names like Jayco, JB Caravans, Avida, Supreme, Sunliner and Winnebago. So, whether you're interested in a compact pop-top for weekend getaways or a spacious fifth wheeler for long-term adventures, Savvy can help you find an option that suits.
Crunch the numbers
Caravan loan eligibility and documentation
What to look at when comparing caravan loans
Interest rates
The higher your interest rate, the more you’ll pay over the life of your loan. It’s one of the most important factors to consider when comparing loan offers. For instance, on a $50,000 caravan loan over five years, an interest rate of 6.5% p.a. would cost over $1,400 less than a 7.5% p.a. loan.
Fees
It isn’t just interest you’ll need to consider, but also fees. Lenders may charge one-off establishment fees (up to $600) and ongoing fees (up to $20 per month), but these may be waived in some cases. Consider these and also any early or late payment fees when comparing loans.
Repayment terms
You should always look to remain as comfortable as possible when it comes to repaying your loan, so it’s important to seek out a lender that can offer you the term you’re after. Not all financiers will offer the full range of one to seven years, so think about what your preferences are.
Minimum loan requirements
If you’re purchasing a particularly cheap caravan or only need a loan for part of the sale price, make sure your lender can accommodate the small loan size you’re after. The general minimum is $5,000, though some may set this at a higher level than others.
Vehicle eligibility
Different lenders will have different requirements when it comes to the types of vehicle they can approve finance for. This may relate to its age or repair history, so your consultant will double-check all the requirements before coming to you.
Frequently asked caravan loan questions
If you’re looking to buy a used RV, it's important to make sure it’s not still under finance before signing. Instead of relying on the seller’s word, you can run a PPSR (Personal Property Securities Register) check for $2. You'll need the caravan's VIN (Vehicle Identification Number) to generate the report. This will show if there's any money owing on the caravan, which could put it at risk of repossession. The report will also indicate if the caravan has been stolen or written off, helping you make an informed purchase.
Yes – you may be able to get a loan for a caravan or motorhome if you receive Centrelink payments as a source of income, though some lenders will not accept it as a primary or only source of income. You’ll also need to meet standard eligibility criteria. If you're unsure, Savvy can help assess your options and connect you with a suitable lender.
Yes – while securing a caravan loan with bad credit can be challenging, it’s not impossible. Savvy works with various lenders that may be willing to consider your application. However, keep in mind that if approved, you will typically face higher interest rates and stricter loan terms. Alternatively, you could take time to improve your credit score to boost your chances of securing a better loan deal.
Yes – if you need a caravan or multiple RVs for your business, we can help find and arrange competitive business caravan finance, including chattel mortgages and leasing options. You can find out more about our asset finance options here.
Yes – motorhomes and camper vans are classified as motor vehicles and must have Compulsory Third Party (CTP) insurance. Caravans and other non-motorised trailers will generally be covered by your car’s CTP insurance when attached, provided they are roadworthy.
While not mandatory, you can take out additional insurance for extra protection and peace of mind. On top of this, if you're using your caravan, motorhome or camper trailer as security on your loan, comprehensive insurance is typically required by the lender.
