As individuals, we are constantly evolving. And with that, so does our financial situation. Which is why our expert brokers at Jade Finance offer refinancing to allow borrowers to find better interest rates and terms for their changing financial situation. By leveraging our vast list of 80+ banks and lenders to revise your current caravan loan terms, we work hard to source you the best new loan offer with the cheapest interest rates.
Refinancing allows borrowers to find better interest rates and terms for their evolving financial situation. It involves revising your loan to adjust the terms laid out in the initial agreement. The end goal of this process is to have an agreement that is more beneficial for you. Following this, the new agreement essentially pays off and replaces the existing agreement.
We use our wide range of banks and lenders to source you the best loan offer with the cheapest caravan loan interest rates. Revising caravan loan terms involves paying out the existing loan and taking out a new loan on the balance.
Revising caravan loan terms with Jade Finance is a quick and simple process tailored to your specific funding needs. By partnering with one of our brokers, you will receive personalised service to ensure you are receiving the best caravan refinance solutions for your financial circumstances.
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There are a number of different refinancing options available at our reputable brokerage – for both new and used caravans and other products – thanks to our extensive list of over 80+ lenders. Whether your caravan is financed under a personal or commercial loan agreement, caravan loan refinance options are available.
Personal loan refinancing is possible on most types of loans and can help you achieve a better rate, borrow extra, and/or extend your loan term. With Jade Finance, refinancing a secured personal loan can be a simple process, provided the asset used to secure the existing loan is eligible to be used as security on the new loan. By speaking to one of our brokers, this appraisal is quick and seamless.
Refinancing an unsecured personal loan is simple. This is because it does not have any collateral attached to it. If you want to get a lower rate, save on fees, receive a longer loan term, or borrow more – refinancing is an easy choice. The hard part is comparing new offers to your existing loan. But thanks to our extensive list of lenders, our brokers at Jade Finance can swiftly take over the hard parts and utilise their expertise while you get on with other things.
As professional brokers, we are accredited with a large number of banks and lenders to find the most competitive refinance terms for your situation. Our brokers are across the lending market and know exactly which lenders are best positioned to offer great refinancing. In addition to personal loan refinancing, revising caravan loan terms also makes sense commercially. Commercial refinancing options we offer at Jade include commercial hire purchase, chattel mortgage, and leasing.
By refinancing via a CHP agreement, the lender will purchase the caravan on behalf of the business and hire it back to the business for a fixed monthly hire fee. CHP is a good refinancing option for businesses looking to acquire or upgrade their caravan while managing cash flow and preserving capital.
Chattel mortgage is an extremely versatile and flexible business finance option that Jade Finance provides when commercial terms are required. In this refinancing option, the borrower will use a piece of moveable personal property as collateral for the loan.
Commercial leasing involves renting your caravan from a leasing company for an agreed term. At the end of the term, you can purchase the caravan, renew the lease, or return the caravan to the leasing company.
Using our wide range of banks and lenders to source you the best loan offer with the cheapest caravan loan interest rates – revising caravan loan terms involves paying out the existing loan and taking out a new loan on the balance. Through refinancing with our expert brokers, you may:
Our guides offer quick comparisons and simple explainers to help you breeze through the financing process with confidence.
When considering refinancing, there are a number of key factors to consider:
If you have done your research and want to refinance your caravan, call our loan brokers to get the process started.
As with all our loans, we will provide you with a quote on your refinanced loan. There is no obligation to accept that offer or proceed further if you don’t consider it to benefit your financial situation.
If you’re not happy with your current loan, caravan loan restructuring could be a great option. The main reasons why you might choose to refinance your caravan loan are if you have found a loan that suits you better, want to switch lenders, or if you would like to consolidate your debts so that it is easier to manage your finances.
By refinancing, not only can you save money on your monthly payments, but there are also many additional benefits of refinancing a caravan. By refinancing, you could:
Revising caravan loan terms with Jade Finance can also help you gain access to better cash flow, increased savings, and less constrained budgeting.
Many people choose refinancing to reduce their monthly repayments which in turn free up extra funds for other financial goals. As interest rates continue to rise, refinancing your caravan could enable you to manage your cash flow more efficiently.
Achieving a lower interest rate could substantially boost your savings depending on the difference in your current loan compared to the refinance rate. Taking advantage of lower interest rates is a key reason to refinance your caravan.
Budgeting involves making a plan for your income and assets. By refinancing your caravan loan, you will be able to put funds where they are most desperately needed.
Unlike a home, and just like cars, caravans depreciate in value. Therefore, there are a number of reasons that can contribute to refinancing not being a good idea. You shouldn’t refinance your caravan if:
Discuss your best options with a broker today.
There are a number of reasons why people might seek to refinance an existing caravan loan. Whatever the reason, your Jade consultant can assist. Our dedicated brokers will listen to your requirements and prepare a finance quote accordingly.
All caravan loan restructuring and business refinance packages at Jade Finance include:
Offering secured personal loans, unsecured personal loans, commercial hire purchase, chattel mortgage, and leasing – our refinancing packages are structured for both new and used caravan products.
To begin the process of revising caravan loan terms through Jade Finance, call one of our expert brokers and allow them to find the best deal for you. Your dedicated broker will then work with you to complete a refinance application and submit the required documentation. Following this, sit back and wait for approval – then get started paying your new caravan loan. Depending on the loan you are refinancing, the necessary documentation will differ. The minimum documentation will generally include:
Depending on the lender, the timeframe for this process can change. But with Jade Finance, we will generally achieve same day approvals thanks to our reputation as a leader in the borrowing and lending market.
Contact us to get started today.
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THE COMPARISON RATE IS CALCULATED ON A SECURED LOAN OF $30,000 FIXED FOR A TERM OF 5 YEARS, NEW GOODS, EFFECTIVE 16/09/2024 AND SUBJECT TO CHANGE. WARNING: THE COMPARISON RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT COMPARISON RATE.
You do not have to refinance with the same lender you worked with for your original loan. If another lender is offering a better rate, you shouldn’t feel like you have an obligation to go to the same lender. Choose the lender that is offering the best deal for your circumstances.
Refinancing involves moving from one type of loan to another with a different rate or terms. It can be with either your current lender or a new lender. When refinancing, the terms of the existing loan are revised. Refinancing is typically done when interest rates fall.
Yes. Refinancing can occur for a variety of reasons with more beneficial repayments, rates, and terms a key part of what it entails. Typically borrowers will refinance to lower their monthly repayments over a longer term, but it can also be done the opposite way by increasing payments over a shorter term.
Some costs that could be associated with refinancing your caravan loan could include exit/break fees, application fees, and valuation fees. Depending on your circumstances and who your lender is, you could incur additional fees and charges so be sure to take these into account before refinancing.
The best time to refinance your caravan loan is when interest rates are low. This will enable you to save money on a new loan compared to your original loan.
Jade offers a variety of commercial finance products available for refinancing including chattel mortgage, leasing, and CHP. When establishing your existing caravan loan, you would have hopefully achieved the best loan for you at that time. Since then, if your current loan no longer suits your financial situation, a refinance could be your best option. Refinancing can also enable you to completely change your caravan loan product.
One of the main reasons borrowers may choose to refinance a caravan is because they want to enjoy a lower interest rate and/or better loan term. By using one of our experienced brokers, you can enjoy the ease and accessibility of securing a lower rate for your caravan loan.
If your credit score has improved, you have changed careers, want to add or remove a co-borrower, or your situation has changed in other ways, refinancing could be something to consider. Your changed circumstances may help you secure a lower interest rate with another lender, thus reducing your payments. If interest rates have dropped, it’s also a good time to refinance.
The terms available on refinanced caravan loans can vary depending on several factors including your credit score, the lender’s policies, current interest rates, and the value of your caravan. Generally speaking, terms can include interest rate, loan length, monthly payments, fees and charges, loan amount, and down payments. When looking to refinance your caravan loan it is important to shop around to determine if you are getting the best deal available. By partnering with a broker at Jade Finance, we do the hard work for you to secure the best deal possible for your circumstances.
Balloon payments are sometimes offered as an option on refinanced caravan loans. It is a larger, final payment due at the end of the loan terms that exists to reduce monthly payments on a loan. Balloon payments mean you will owe a significant amount at the end. This option when refinancing might be available depending on the lender and the terms that they offer.
