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 apply for a leisure loan with Savvy?
WHAT OUR CUSTOMERS SAY ABOUT THEIR FINANCE EXPERIENCE
Savvy is rated 4.9 for customer satisfaction by 6323 customers.
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
with our loan repayment calculator
Your estimated repayments
$98.62
| Total interest paid: | Total amount to pay: |
| $1233.43 | $5,143.99 |
How to apply for your caravan loan with Savvy
-
Fill out our simple online application form
Start by telling us about what caravan you’re after and some information about yourself, like your
employment, income, credit score and more. -
Supply any required documents
In some cases, if we need more information to verify parts of your application (such as your income),
we may ask for a few more documents. You can submit these through our portal. -
Speak about your finance options with us
From there, your consultant will compare the best offers available for your profile. We’ll give you a
call and, if you’re happy with the top choice, we can take the next step. -
Have your formal application prepared and receive approval
Your consultant will put together your application to meet your lender’s specifications and submit it
to them. Approval can come as soon as one business day after. -
Signed, sealed and your caravan delivered
After approval, we’ll send you all the forms to sign, which you can do electronically via our portal.
We’ll handle the settlement of the caravan and, once that’s done, it’s all yours!
Caravan loan eligibility and documentation
Eligibility
-
Age
You must be at least 18 years of age
-
Residency
You must be an Australian citizen or permanent resident (or, in some cases, an eligible visa
holder) -
Income
You must be earning a stable income which is enough to comfortably support your repayments
(this can start from as little as $20,000 to $26,000 per year) -
Employment
You must be employed and earning a consistent income from your job
-
Credit score
You must meet your lender’s requirements related to your credit score
-
Caravan
Your caravan must meet your lender’s requirements related to type, age and condition
Documents
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Driver's licence
Front and back (or another form of government-issued ID)
-
Payslips
Your last two consecutive payslips (or your last tax return if you're self-employed)
-
Savvy forms
Your Savvy application, consent form and credit guide (supplied by your consultant)
-
Caravan details
Information about your caravan, such as its model and age, is handy to have
-
Bank statements
90 days of bank statements may be requested, but not always
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.
