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PromotedOurMoneyMarket
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  • 0.15% p.a. rate discount for Canstar customers with A++ credit, as determined by OMM’s scorecard. Apply by 30 June for $5k-$100k. No early exit fees. T&Cs apply.
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 1 year to 7 years
Fees & charges apply, Australian Credit Licence 488228
PromotedRevolut
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  • Check out our recently reduced rates, with comparison rates starting from 6.99% p.a., and no ongoing, early repayment or exit fees. Get a personalised price quote.
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 3 years
Fees & charges apply, Australian Credit Licence 517589
PromotedHarmoney
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  • Get Your Fast Personal Loan Quote Now. 100% online
  • Fast quote. No account required.
  • Won't affect your credit score. GET YOUR RATE NOW.
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 3 years to 7 years
Fees & charges apply, Australian Credit Licence 474726
PromotedNOW Finance
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  • No specials here. We can't waive fees because we have none. NOW Finance personal loans have no fees, no tricks and no surprises.
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 18 months to 7 years
Fees & charges apply, Australian Credit Licence 425142
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Harmoney
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  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 3 years to 7 years
Fees & charges apply, Australian Credit Licence 474726
NOW Finance
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From
From
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 18 months to 7 years
Fees & charges apply, Australian Credit Licence 425142
OurMoneyMarket
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From
From
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 1 year to 7 years
Fees & charges apply, Australian Credit Licence 488228
Revolut
From
From
From
  • Application fee: $0
  • Annualised fee: $0
  • Loan terms available: 3 years
Fees & charges apply, Australian Credit Licence 517589
MONEYME
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From
From
  • Application fee: $0
  • Annualised fee: $120
  • Loan terms available: 3 years to 7 years
Fees & charges apply, Australian Credit Licence 442218
ING
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From
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  • Application fee: $199
  • Annualised fee: $96
  • Loan terms available: 2 years to 7 years
Fees & charges apply, Australian Credit Licence 229823
Latitude
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  • Application fee: $395
  • Annualised fee: $198
  • Loan terms available: 2 years to 7 years
Fees & charges apply, Australian Credit Licence 392145
Latitude
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  • Application fee: $395
  • Annualised fee: $198
  • Loan terms available: 2 years to 7 years
Fees & charges apply, Australian Credit Licence 392145
Bendigo Bank
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From
From
  • Application fee: $150
  • Annualised fee: $60
  • Loan terms available: 1 year to 7 years
Fees & charges apply, Australian Credit Licence 237879

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Unsure of a term in the above table?

The initial results in the table above are sorted by Comparison rate* p.a. (Low-High), Interest Rate p.a. (Low-High), then Provider Name (Alphabetical). Additional filters may have been applied, which impact the results displayed in the table - filters can be applied or removed at any time.

Personal Loan Repayments

Representative example total repayment amount: For a personal loan of $20,000 borrowed for 60 months with a minimum interest rate of 9.84% (comparison rate^ of 10.87%), the total amount you would need to repay would be $25,551. This is made up of a $20,000 principal amount, $5,402 interest amount, estimated upfront fees of $149 and total ongoing fees of $0. This example is hypothetical. The total loan repayment amount for any individual personal loan will vary depending on several factors (including making on time repayments). You should confirm with the lender the total amount repayable for your particular circumstances.

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  • Interest rate p.a.
  • Comparison rate^ p.a.
  • Canstar Exclusive: 0.15% p.a. rate discount for Canstar customers with A++ credit, as determined by OMM’s scorecard.
  • Apply by 30 June for $5k-$100k.
  • No early exit fees. T&Cs apply.
  • Interest rates displayed are 'from' price, rates can vary according to personal circumstances

Australian Credit Licence 488228 | See Terms & Conditions | ^ Comparison Rate Warning

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We do not compare all brands in the market, or all products from our participating brands. At times certain brands or products may not be available or offered to you. Learn more.

Why compare caravan loans with Canstar?

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Get more accurate results

Take the guesswork out of your search. By checking your eligibility upfront, we filter out the noise to show you loans you’re more likely to qualify for.

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No credit score impact

Most lenders base their interest rates on your credit history. We help you see where you stand and provide results based on your current credit score, giving you greater insights without penalty.

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Compare loans from multiple lenders

We bring together loans from +10 lenders to show you more precise rates, so you can make an informed choice before you apply.

How to compare caravan loans

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Caravan loan tips from our experts

Retired? Know your income limits

Many personal loan providers will consider superannuation income streams or certain pension types, but all will look closely at your cash flow to ensure you can comfortably manage the repayments.

Think carefully about your loan term 

A short loan term means higher repayments but less interest overall, while a longer loan term will see lower repayments but more time for interest to accrue on the debt.

Budget for the hidden costs of the road 

Leaving some breathing room in your budget when taking out a personal loan will help avoid being caught short once you're out exploring.

Guide to caravan loans

What is a caravan loan?

A caravan loan is a personal loan that can be used to finance the purchase of a caravan, camper trailer, or motorhome. 


How do caravan loans work?

Caravan loans work much the same as standard personal loans. You’ll agree to borrow a certain amount of money to buy the caravan, and repay that sum–plus interest–in regular repayments over a set period of time. 

Your loan will either charge a fixed or variable interest rate, plus certain fees, often for setting up the loan or to cover its ongoing admin costs.

The personal loans in the table above are unsecured. An unsecured loan doesn’t require an asset to be tied to it and will often charge a higher interest rate as a result.

When financing a newer caravan purchase, you might also be able to take out a secured loan, which would see you use an asset (like the caravan you’re buying) as security against the loan. By doing so, you’ll generally receive a lower interest rate, but it means the lender can repossess the security if you default. 


Who has the best caravan loans in Australia?

There’s no one ‘best’ caravan loan provider – the best loan for you will depend on your financial circumstances, needs, and personal goals.

To work out what the best caravan loan is for you, ask yourself:

  • How much do I need to borrow?
  • How soon do I need the money?
  • How much can I afford in repayments?
  • How long would I be willing to be in debt for?
  • Can I fulfil a lender’s eligibility criteria (minimum income, residency status, credit score threshold)?
  • Are there any alternative credit or finance options available to me (like using your savings or accessing equity in your home)?

You can also use Canstar's personal loan calculator to get an idea of what your repayments could be and how the interest rate, loan amount, or term length could impact your budget.

Once you know what you’re after, use the comparison table above to compare a variety of caravan loan options from our Online Partners. Use the table’s filters to narrow down available options to those that best suit your needs. 

You can also click the ‘GET RATE ESTIMATE’ button at the top of the page to find loan products you’re likely eligible for. Simply provide information on how much you want to borrow, your ideal loan term, the purpose of the loan, your employment, residency, and residential status, and either connect your credit score or estimate your band. If you’re unsure of your credit score, you can check it for free with Canstar or via the Canstar App.


How to compare caravan loans

When choosing a caravan loan, think about:

  • Is the interest rate fixed or variable? With a fixed rate, your interest rate and repayments will stay the same for the life of the loan. With a variable rate, the amount of interest you pay can go up or down and the size of your repayments can vary.
  • What’s the comparison rate? A personal loan’s comparison rate represents the cost of interest and most upfront and ongoing fees and charges. It can give you a better idea of the total cost of the loan each year.
  • What are the fees? Personal loan fees can include establishment, monthly service, missed payment, extra repayment, and early repayment fees.
  • What’s the loan duration? A loan with a longer duration will have lower weekly, fortnightly, or monthly repayments, but will usually charge more in interest overall.
  • What features are available? Some lenders offer features like unlimited free extra repayments, or a redraw facility attached so you can access extra repayments if you need to.

Read any terms and conditions carefully and consider the loan’s documentation like the Key Facts Sheet and Product Disclosure Statement (PDS) before signing up.


Am I eligible for a caravan loan?

Caravan loans have similar eligibility requirements to regular personal loans. You’ll need to:

  • Be at least 18 years or older
  • Be an Australian citizen or permanent resident
  • Be employed or have a steady source of income to repay the loan with
  • Have a good credit history

Some providers may have additional eligibility requirements, such as a minimum income or particular credit score.


How to apply for a caravan loan

Most caravan loan lenders have an online application form on their website. To apply for a caravan loan, you’ll need to hand over information such as:

  • Photo ID like a driver’s licence or passport and supporting documents like your Medicare or bank card.
  • Proof of income, typically in the form of payslips or your annual tax return.
  • Proof of savings, bank statements typically work.
  • Your employment details for the past three years.
  • A list of any assets you own, including vehicles and property.
  • A list of debts you already have, such as other personal or home loans, credit card debts and credit limits, and outstanding buy now pay later (BNPL) balances.
  • A list of your general living expenses, including groceries, utilities, streaming services, rent, medical and transport costs, and education fees.

You may not need to provide all of this information, but it’s good to have on hand just in case.


FAQs about Caravan loans

About our personal loan experts

As a Finance Writer, Nick provides assistance to Canstar's Editorial Team in its mission to empower consumers to take control of their finances. He has written hundreds of articles for Canstar across all key finance topics. Coming from a screenwriting background, Nick completed a Bachelor of Film, Television and New Media Production from Queensland University of Technology. Nick has also completed RG 146 (Tier 1), making him compliant to provide general advice for general insurance products like car, home, travel and health insurance, as well as giving him knowledge of investment options such as shares, derivatives, futures, managed investments, currencies and commodities.

Nick’s role at Canstar allows him to combine his love of the written word with his interest in finance, having learned the art of share trading from his late grandfather. Nick strives to deliver clear and straightforward content that helps the everyday consumer navigating the world of finance. Nick is also working on a TV series in his spare time. You can connect with Nick on LinkedIn.

Brooke Cooper is Canstar’s Finance Editor, leading the team’s coverage of home loans, consumer finance, and economics. With years of specialist experience, she dedicates herself to helping Australian households feel empowered about managing their money. Her work and expertise have appeared across a variety of comparison industry sites and media outlets including Yahoo Finance, ABC Radio, and The Motley Fool. Brooke holds a Bachelor of Communication, specialising in journalism and international studies, from Charles Sturt University. When she’s not keeping a close eye on the RBA cash rate or property trends, she loves getting out into nature, picnicking in the park with her dog, and window shopping in antique stores. You can follow Brooke on LinkedIn.

Important Information

For those that love the detail

This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.