Calculate your caravan loan repayments instantly. Adjust the loan amount, interest rate, term, balloon payment, and repayment frequency to see what your repayments could look like.
| Frequency | Repayment | Total interest | Total cost |
|---|---|---|---|
| Weekly | $207.68 | $8,996 | $53,996 |
| Fortnightly | $415.60 | $9,028 | $54,028 |
| Monthly(selected) | $901.71 | $9,102 | $54,102 |
Switching from monthly to weekly repayments could save you $107 in interest over the life of this loan.
See how borrowing more or less changes your repayments. A $5,000 difference in loan amount can shift your monthly repayment by $80-100 depending on the rate and term. Factor in accessories and fitout costs to get a realistic total.
Even a 1% difference in interest rate has a meaningful impact over a caravan loan. On a $45,000 loan over 5 years, the difference between 7% and 9% is about $2,400 in total interest. Compare secured and unsecured options.
A balloon payment reduces your regular repayments but means a lump sum is due at the end. Use the balloon slider to see the trade-off between lower repayments now and a larger final payment when the term ends.
Switching from monthly to fortnightly or weekly repayments can save you interest because the balance reduces faster. The comparison table shows all three side by side so you can see the difference.
Lenders assess your ability to service the loan based on your income, existing debts, and living expenses. They want to see that repayments are affordable for you.
Your credit score and repayment history influence the rate you are offered. A stronger credit history generally means access to more competitive rates.
For secured loans, the age, condition, and value of the caravan matter. Most lenders have maximum age limits, typically requiring the caravan to be no older than 15-20 years at the end of the loan term.
Lenders prefer applicants with stable employment. Most look for at least 3-6 months in your current role, though some lenders are flexible for contractors and self-employed borrowers.
See caravan loans from 50+ lenders and find a rate that works for you.
Subject to lender approval, terms and conditions apply.
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Most lenders finance up to 100% of the purchase price for new caravans. Used caravans may require a 10-20% deposit depending on the lender and the age of the caravan. A larger deposit reduces your loan amount and your regular repayments.
Caravan loan interest rates in Australia typically range from 6.5% to 12% p.a. Secured loans, where the caravan is used as collateral, are generally cheaper than unsecured personal loans used to buy a caravan. Your actual rate depends on your credit history, the age of the caravan, and the lender.
Yes. Most lenders finance used caravans up to 15-20 years old. Rates for used caravans are typically 0.5-1% higher than for new caravans. The lender may also require a valuation or inspection before approving finance on an older caravan.
Caravan loan terms typically range from 3 to 7 years. A shorter term means higher repayments but less total interest paid. A longer term lowers your repayments but increases the total cost. Consider matching the loan term to how long you plan to keep the caravan.
Most lenders that offer secured caravan finance require comprehensive caravan insurance for the duration of the loan. This protects both you and the lender if the caravan is damaged, stolen, or written off. Insurance costs vary depending on the caravan's value and where it is stored.
Yes, many lenders will finance accessories, awnings, solar setups, and towing equipment as part of the caravan loan. This can be convenient because you finance everything in one repayment rather than paying for extras separately.
A balloon payment is a lump sum due at the end of your loan term. It reduces your regular repayments because part of the principal is deferred to the final payment. For example, a $45,000 caravan loan with a 20% balloon means your repayments are calculated on $36,000, but you owe $9,000 at the end of the term.
Secured caravan loans use the caravan as collateral, which typically means lower interest rates compared to unsecured personal loans. The trade-off is that the lender can repossess the caravan if you default. Unsecured loans have higher rates but the caravan is not tied to the loan. For most buyers, secured finance offers better value.
Results are estimates only and should not be relied upon for financial decisions. Actual caravan loan repayments will depend on the lender, your credit profile, and the specific terms offered. Interest rates used are for illustration purposes only and may not reflect current market rates.
Subject to lender approval, terms and conditions apply.
This calculator is general information only and is not financial advice.