Caravan Loan Calculator

Caravan loan rates vary widely depending on the lender, loan type, and your credit profile. Secured caravan loans (the caravan is collateral) typically range from 7%–12% p.a. Unsecured personal loans for caravans are usually higher, at 10%–18%. Always compare the comparison rate, not just the advertised rate.

Some lenders offer 100% finance for caravans, but you'll pay a higher interest rate and the lender will need to be satisfied the caravan holds sufficient value. A deposit of 10%–20% typically gives you access to better rates and terms.

A balloon payment defers a lump sum (commonly 20–40% of the loan) to the end of the term. This reduces your monthly repayments during the loan but leaves a large payment due at the end. It suits buyers who expect a lump sum at loan maturity or plan to refinance.

Most Australian lenders offer caravan loans from 1 to 10 years. Longer terms reduce monthly repayments but significantly increase total interest paid. A 10-year loan on a $60,000 caravan at 9.5% costs about 60% more in interest than a 5-year loan.