Caravan Loan Repayment Calculator

If you aren’t quite sure if you can afford a caravan, use our caravan finance calculator to see if a loan is within your reach.

No obligation. It won't affect your credit score.
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, updated on August 24th, 2023       

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Knowing the cost of financing the purchase of your caravan, RV or camper trailer is a crucial first step in the loan process. It’s important not to overcommit financially or saddle yourself with a burdensome loan when there are other more affordable options available to you.

Using our handy caravan loan repayment calculator gives you a key understanding about the cost of taking out your preferred loan, as well as allowing you to compare other loans of different rates and lengths. Customise your calculation based on amounts, terms, rates, schedules and deposits. Start crunching numbers now and set yourself up to find the most suitable loan for your situation.

Your estimated repayments

$98.62

Total interest paid: $1233.43
Total amount to pay: $5,143.99

The benefits of sourcing your caravan financing with Savvy

Competitive interest rates

A competitive market breeds low rates, which you can enjoy across your loan term thanks to their being fixed to enable consistency and accuracy of budgeting.

Access 100% financing

Lenders are highly flexible when it comes to the amount you can be approved for, with your loan sum tied to the value of your van or trailer up to its purchase price (with on-road costs able to be bundled in where applicable).

Repay over one to seven years

Your loan term is wholly customisable to your needs. Whether you want to cut down on monthly repayments with a term up to seven years or maximise your overall savings with a loan as short as 12 months, you can do so with our lenders.

Select your repayment schedule

On top of this, you’re also afforded the opportunity to select the frequency at which you make your loan contributions, which can come either on a weekly, fortnightly or monthly basis to fit around your income needs.

Drive away in 48 hours

The nature of caravan financing means that the whole process is rapid from start to finish. From the point that you submit your quick quote to your lender sending the funds to your seller can take as few as 48 hours all up.

Choose a brand-new or used model

The level of choice doesn’t end at your loan options, either. You can choose your desired caravan regardless of whether it’s brand-new or a few years old, with models up to 15 to 20 years of age able to be accepted as security.

Repayable before its end date

You won’t have to stick to the script when it comes to completing your repayments, with many lenders allowing you to make contributions above the minimum required amount and complete your payments early without additional charges.

Optional deposits available

If you want to reduce the amount repayable with interest on your loan, as well as cut down on your monthly repayments, you can choose to make a deposit on your loan.

Why so many Australians choose Savvy for their caravan loan needs

How to maximise your approval chances for caravan finance

What type of RV or caravan is best?

This question is best answered with a question: what type of leisure vehicle does you or your family need? Here's a short sample of what's available.

  • Full size caravans –  the traditional mobile home, coming in various sizes and with various features.
  • Recreational Vehicles or RVs are perfect for people who want to combine their vehicle with their living space. It has many modern conveniences, though it's extremely hard to park.
  • Pop-top/pop-out or wind-out caravans – caravans that drive compact but extend outwards. Good for saving fuel, but you sacrifice storage space.
  • Fifth wheeler caravans – the “big boss” caravans that offer ample space and creature comforts. Think Big Hollywood star or rock n' roll style caravans!

Frequently asked caravan loan questions

Are loans for motorhomes secured?

Yes – like car loans, financing is secured by the purchase of the caravan or motorhome itself. This exposes you to lower interest rates compared to loans that lack security like unsecured personal loans, which can help you buy your caravan if it doesn’t meet the lender’s security requirements but is likely to cost you more overall.

Can I buy my caravan from a private seller?

You can – caravans bought from private sellers are accepted as security by our various partnered lenders. Buying privately can be a great way to reduce the purchase price of your vehicle, but they come with more checks from your lender to ensure they’re up to scratch as collateral so the process of approval can take slightly longer.

Can I access caravan financing as a pensioner?

Yes – our flexible lenders can provide options for eligible pensioners who are seeking out financing to buy their caravan.

How do I qualify for financing?

You’ll need to meet the following criteria as part of your caravan application process, which your Savvy consultant will guide you through:

  • At least 18 years old
  • An Australian citizen, permanent resident or acceptable visa holder
  • Earning at least $26,000 p.a. from stable income sources

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