We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Caravan Loan Finder™ can help you find the right personal loan for your needs.
Caravan loans Australia can help you finance your own caravan, teardrop trailer, fifth wheeler caravan or even an RV.
It's a great and cost-effective way to travel around Australia with your family or even during retirement.
While caravans can be expensive, there are plenty of caravan loan products on the market. Compare them below and apply online.
A caravan loan can be either an unsecured personal loan or secured personal loan that allows you to use your caravan as security. If you opt for a secured loan you can take advantage of a lower interest rate, but unsecured loans offer more flexibility. Not all lenders providing vehicle loans will allow this for the purchase of a caravan though, so it pays to compare.
Some loans have a fixed interest rate so your monthly repayments will be the same every month. Other loans have a variable interest rate, which may fluctuate, but the rate tends to be lower
The road you’ve chosen to travel notwithstanding, there’s a caravan out there that can make travelling on it a pleasure. Find out more about what types are available below.
The "different strokes for different blokes" saying holds true even when it comes to camper trailer shopping, given that just about every camper has unique requirements. Find out what aspects need your attention:
Caravan loans are available to people in various financial situations, including pensioners. However, lenders differ on their eligibility criteria. Lenders usually have minimum income requirements and consider certain forms of income, so lenders offering caravan loans to pensioners may consider the age pension or super payments as income, or even consider income from rental payments. More specific information is provided in the table at the bottom of the page.
To get your application across the line, provide as much detail and documentation on your income streams and finances as possible.
If a caravan loan sounds like it’s right for you, applying for one is very easy. All you need to do is use the comparison table on this page and compare the caravan loans available. Look at all your different options and when you find one that’s right for you, simply click the 'Go to site' button and go through to the lender’s website. Once you’re on the website it’s as easy as completing your application form online and then waiting to hear if you get approval for your caravan loan.
Typically, to be eligible for caravan finance you must be at least 18 years of age. You must also have a good credit rating and be able to demonstrate this to the provider with evidence such as bank statements, payslips and copies of other credit contracts. Other loans may also require you to be an Australian resident/citizen or already be a member of the financial institution.
Your application will run much smoother if you have all your documents ready and available when you apply for your caravan finance. You will need:
👉🏼 Drivers licence
👉🏼 Medicare number
👉🏼 Payslips or proof of income
👉🏼 Confirmation of your address
Use the calculator below to work out how much you could borrow and what your repayments might be.
Before submitting your application it's important to give yourself the best chance at being approved. Understanding the minimum eligibility criteria is taking the first step towards doing this. In the table below we've broken down the criteria you need to consider for each of the lenders when it comes to yourself and the caravan you want to purchase. Remember to consider all other aspects of the loan before submitting your application.
| Lender | Loans you could apply for | Criteria to consider |
|---|---|---|
| ANZ | Unsecured Personal Loan | Minimum income $15,000 p.a. Australian citizen, permanent resident or have a valid visa If you're retired but have income from other sources, need proof of income |
| Bank of Melbourne | Unsecured Personal Loan | Age pension is not accepted as income Caravans cannot be used as security for the loan |
| BankSA | Unsecured Personal Loan | Age pension is not accepted as income Caravans cannot be used as security for the loan |
| Beyond Bank | Flexi Loan Low Rate Loan | Minimum income $2,000 per month Australian citizen or permanent resident Age of caravan will determine the rate |
| CUA | Fixed Rate Car Loan | Earn a regular income Australian citizen or permanent resident Maximum age of the caravan at the end of the term is 12 years |
| Latitude Financial Services | Personal Loan (Secured) | Earn a regular income Australian citizen or permanent resident Minimum 50% of caravan/campervan for personal use Maximum age of the caravan at the end of the term is 12 years |
| NAB | NAB Car Loan (Variable Rate) | Caravan is a suitable loan purpose (loan is unsecured) Earn a regular income Reside in Australia: Australian citizen, permanent resident, New Zealand citizen or 457 visa Be able to afford the loan repayments |
| RACQ | New Car Loan Used Car Loan | Australian citizen, permanent resident or be on an approved working visa Be able to afford the loan repayments Finance a new or used caravan |
| NRMA | Car Loan | Finance a new or used caravan – new caravans over $15,000 receive a promotional rate Applications handled on case-by-case basis |
Do I need to pay stamp duty for my caravan?
Generally caravans are exempt from stamp duty, but you’ll need to confirm this with your Office of State Revenue as it is dependent on the state you live in.
Can I get pre-approval on my caravan loan?
The majority of blenders will offer you pre-aprroval on your caravan loan. This can help your bargaining power when dealing with the sales manager when buying your next caravan
Comparing your caravan loan options can save you hundreds, if not thousands of dollars by finding the right product for your situation, but the savings shouldn't stop there. Don't forget to compare caravan insurance too, as this could save you even more money and also ensure you are covered should anything happen to your new van.
We are wanting to buy a secondhand caravan and car. What is the best type of loan?
Hi Lara,
Thanks for your question.
Please note that finder.com.au is a financial comparison service and we can’t recommend any specific loan product to our users.
I suggest that you take advantage of our loan calculator above so that you’ll know which loan type can give you low monthly repayment under your desired terms.
Cheers,
Anndy
Can this loan be used for camper trailers?
Hi Bill,
It’s best to double check before you apply, but generally you will be able to use the loans on the above page for caravans or camper trailers.
Hope this has helped,
Elizabeth
I have queried on behalf of my mum (pensioner) in regards to a loan for a second hand caravan. Due to its age (2000) we’ve been told it must be an unsecured loan where the interest rate is much higher. Yet my mum owns her own house outright. With such an asset behind her surely a secured loan would be given approval?
Is this true?
Hi Kerry,
Thanks for your question.
Some lenders will be willing to use the equity your mother holds in her house as security for the loan, this is called an equity loan and you can find out more about line of credit loans on our guide.
There are also other secured loan options you can consider. I also recommend getting in touch with a licensed mortgage broker that can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.
Before applying for a home loan, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
Thanks,
Elizabeth
Would a loan be available for a second hand caravan for a pensioner?
Hi Karen,
Thanks for your question.
All of the personal loans featured on this page are available for financing a caravan. In terms of availability for your situation, you can click through and read a review of the loan (by clicking on the title of the loan) and see the minimum income required and whether the lender will finance secondhand vehicles.
I hope this has helped.
Thanks,
Elizabeth