Secured Caravan Loans | Jade Caravan Finance

Loans are available to individuals for the purchase of all types of caravans. That includes camper trailers, traditional caravans, mobile homes, RVs, slide-ons, toy haulers, pop tops and off-road models. The loans can be on a personal loan basis and subject to the consumer credit rules and regulations as established by ASIC. To get a loan, you simply apply either online or by phone. Most applicants are eligible for a secured loan where the lender accepts the caravan as security and the borrower repays the debt with repayments over the several years of the fixed loan term.

The requirements for applying for consumer credit are set by ASIC under the law and lenders strictly follow these guidelines and rulings. In applying for a loan, you will need to be over the age of 18, have proven employment or source of income and provide details in regard to your income and expenditure, assets and liabilities in respect of other loans, debts and credit cards, residential arrangements and other personal details to allow lenders to assess your application. Part of the application process involves signing a consent form which gives your lender your authority and approval to seek finance on your behalf. This provides authority for lenders to access your credit history. In addition, you will need to provide details of the caravan you intend to purchase unless you are applying for a pre-approved loan.

Yes, subject to the usual requirements of individual lenders most banks, finance companies and finance brokers operate on a national basis so we have the resources to provide finance for buyers in one state when buying a caravan which is located in another state. The loan application process, interest rates and other loan determinants would not be impacted by the location of the caravan. If you are purchasing a caravan interstate, you will need to address the registration of the vehicle. When purchasing a caravan you will need to transfer the rego and that is a state-based matter.

A Secured Caravan Loan is a fairly standard form of consumer loan where the caravan is offered as security against the loan by the borrower. If the borrower defaults on making their repayments, the lender has the right under the loan contract to repossess the van and sell it on to recoup the monies owed. Secured Loans are arranged at a fixed interest rate over a fixed loan term and with fixed repayments. You are permitted to make additional payments if you choose and if you pay out the loan prior to the conclusion of the loan term, only minimal break fees apply. The Secured Loan is the most widely used form of finance for new caravans of all types and models.