As professional brokers, we are accredited with a large number of banks and lenders so we have a wide choice of options in sourcing your refinance. We know which lenders are best positioned to offer great refinancing and we use our strong bargaining power to negotiate interest rates and terms that will drive you closer to achieving your financial objectives.
Speak with a Jade Consultant to discuss refinancing options for your caravan. Call 1300 000 003.
Refinancing packages are structured as per our new and used caravan loan products:-
All refinancing loans and business refinance packages include:-
There are a number of reasons why people might seek to refinance an existing caravan loan.
Whatever your reason, your Jade consultant can assist. We’ll listen to your requirements and prepare a finance quote accordingly.
Interest rates vary due to many factors and current rates may be significantly lower than when you arranged your existing finance. Refinancing would give you the opportunity to reduce your monthly payments, the overall loan amount and/or pay off your caravan earlier.
At the time you arranged your existing loan, you may not have been able to secure the terms that really suited your circumstances. Your Jade consultant will be in a position to refinance your caravan at terms that suit you.
You may wish to refinance a balloon, residual or buyback amount on a commercial finance loan. Your Chattel Mortgage, CHP, Lease or Rental may be approaching the end of the term and you will have to finalise the balloon. Your Jade consultant can arrange a new finance package for your requirements.
If you’re a business, you may have a current finance package on one or a number of vans. Your cash flow may have altered over time and you would like to secure a more workable finance package.
Your financial situation has changed since you acquired your current loan and you would like to refinance with Jade’s cheap caravan loan interest rates.
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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 21/11/2024 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.
Refinancing any loan requires careful consideration of a number of factors and a full understanding of what is involved in the process and in the outcomes. Every enquiry to refinance a caravan loan is handled individually by our finance consultants. While we have attempted to cover as much area as possible, in a general sense, in our web pages, we have identified these FAQs areas as possibly requiring further clarification. For an obligation-free discussion around your specific situation, please simply call us. As your personal lender, we will always be working in your best interest to achieve the best outcome for you.
Yes. Refinancing involves sourcing a new loan to replace an existing loan at a time part-way through the existing loan term. The refinancing process follows the similar process as the original loan application process. Applicants will need to complete a loan application form and request a quote from a lender or through a broker. When refinancing, people need to keep in mind any costs involved in paying out the original loan early. Break fees apply to Secured Caravan Loans and Unsecured Loans at fixed interest rates and these should be taken into account when considering refinancing.
When refinancing a caravan loan, the same loan types are available as for original loans. The Secured Caravan Loan is the most popular caravan loan and suits many caravan purchases. The lender accepts the caravan as security against the loan and the borrower makes regular monthly repayments over the fixed loan term to repay the loan. In sourcing a refinance quote, people usually seek the full payout amount of their existing loan including any fees and charges applicable for paying out that loan early to be included in the new loan. If the caravan is not accepted as security by the lender due to age or other aspects, the option of an Unsecured Personal Loan can be considered. The interest rate is higher on unsecured loans compared with secured loans.
The interest rate for refinance loans is in line with the interest rates on original caravan loans. By in line, we refer to being derived by lenders based on the same criteria and risk assessment of the applicant and consideration of the caravan. The current interest rate will change at different times according to variations in general consumer finance rates and other changes in the lending sector environment. The specific interest rate that you will be offered will be advised when you receive a refinance offer based on your specific application and requirements. The age of the asset may affect the interest rate when refinancing into another secured loan.
Secured Caravan Loans are most commonly arranged at a fixed interest rate. This means that the interest rate will stay the same for the entire term of your loan as arranged. If the official interest rate as determined by the Reserve Bank is changed, it will not affect your fixed interest rate loan. You will not have to refinance an existing loan or address your loan when general interest rates vary. Refinancing may be attractive to some borrowers if their existing loan was established at a time of much higher interest rates or from a lender that does not offer the current lower achievable interest rates. Refinancing may also be sought if a borrower would like to change their loan repayment schedule or other for other personal reasons such as changes in their circumstances.
