FAQs

Including the full cost of a new RV in a loan is subject to lender approval of the borrower’s capacity or credit limit.

Secured RV credit products allow for the vehicle to be used as collateral for the loan. Subject to lender approval, buyers may not be required to provide additional security with other assets.

Financing on new caravans can be secured with fixed interest rates so the rate will not change over time. Where a variable rate loan is arranged, the rate is subject to change in line with lender rate changes.

Where a loan is secured, lenders require borrowers to take out insurance as their assurance that the asset is covered against theft and damage.

Yes, all types of new recreational vehicles may be purchased with finance, subject to lender approval of the applicant.

Yes. Pre-approved financing is available. The loan is conditionally approved based on an estimated loan amount. Details are finalised when the purchase is confirmed.

Interest rates on new RV loans are based on the creditworthiness of the applicant, not the type of RV.

Financing terms can vary with individual lender guidelines and the creditworthiness of the applicant. Some lenders will approve terms of up to 84 months.

Repayments do not change where the loan is arranged with a fixed interest rate and over a fixed term. If the interest rate is variable, repayments are subject to potential change.

All types of RVs from local and imported manufacturers can generally be financed in Australia. Subject to individual lender guidelines and any specific details of an imported model.