Loans for Caravans

There are a couple of different ways to finance a caravan if you’re looking for one to travel with family or to retire into a more relaxed lifestyle and get to see more of the country.  You can either get a loan to purchase one outright or if its being used for business, you can consider a Chattel Mortgage. 

Secured Loan For Consumer

If you are a consumer on wages or salary, this is the most common type of loan to finance a caravan for personal use. The loan will be a Fixed Rate, can generally be provided with or without deposit depending on your circumstances. It can be used to purchase a New or Used caravan from a Dealer or Private source. The Term of the Loan can be adjusted to suit your situation, usually between 2 to 5 years, but can also be extended to 7 years on a New vehicle.


Chattel Mortgage (CM) For Business

The Chattel Mortgage product, is when a mortgage is placed over goods to be financed. A Chattel Mortgage is classed as a cash sale in that the goods will automatically become your property on purchase and the finance company takes a mortgage over the chattels. You can claim depreciation, running costs and interest paid, against your business income. The chattel mortgage allows your business to claim the full input tax credit from GST incurred expenses immediately (next BAS statement). (refer to your tax advisor or accountant).

If a caravan is calling your name to travel the open road, book a phone appointment via the button below and one of our experts will help you find the best loan for your circumstances.