Fast caravan finance approval can depend on lender processes and applicant’s preparedness, with Jade Caravan Finance offering 24-hour approval for many buyers. Our quick approval processes can be invaluable for many buyers and for a range of scenarios. At this time of year, it could be a change of holiday plans that means the need for a RV. Your current vehicle may not be suitable for your plans to head off the black top. Possibly extra friends are coming along, and you need a bigger vehicle.
Buyers may have decided at the last minute to attend some of the final expos for the year such as the Leisurefest in Bendigo and quickly need to get finance sorted. You may have finally found the perfect used RV and want your loan sorted pronto so no one else beats you to buy. Possibly you’re heading to the Sydney RV closing down sale and you need a loan so as not to miss out on their great discounts.
Whatever the reason, many of our customers can receive their loan approval within 24 hours. While we handle all the details with lenders, review our tips for how you can be best prepared to get your loan finalised quickly to make your purchase.
Which type of loan is best to get fast caravan finance approval?
While applications for all types of credit product may get quick approval, Secured Caravan Loans on new models may require less checks than for a used RV. Secured loans use the goods being financed as the loan collateral. Lenders will need to assess the vehicle as suitable collateral. New vehicles are generally readily accepted while lenders may want more verifiable details on the condition of a second-hand vehicle.
Where a vehicle is not acceptable collateral, an Unsecured Personal Loan may be required. To expedite the approval process, buyers can consider the features of these different loan products and the suitability of their vehicle for collateral before applying. Applying for the right loan from the start, may expedite the process.
Will the loan cost more if I ask for fast approval?
How much a loan costs depends on the interest rate and lender fees and charges. The rate is determined by the financials and credit score of the applicant and the loan amount requested compared with the value of the van. Requesting the application to be approved quickly should not affect these factors.
The ‘speed’ issue which may affect the cost of a loan is rushing to accept a dealer finance offer without considering other options, especially using a broker such as Jade. Rates vary across the lending market and with our access to 80+ lender we find the most competitive rates available, quickly. .
What can I do to ensure I get fast caravan finance approval?
Buyers may contribute to having their application approved faster by being prepared and applying for their loan through a broker like Jade, rather than spending time trying to find the best lender. Lender approval criteria, including borrowing capacity, can vary across the market. These may impact the time to get approved. By applying to Jade, your broker quickly matches you to the right lender so there are no delays in getting straight into the quoting and application processing stages.
Being prepared to complete the application form in full can be key to how long it will take to receive your approval. While your borrowing capacity will be determined by the lending, requesting a loan within your financial means from the start, may speed up approval.
Where the application is for a loan amount beyond the borrowing capacity determined by the lender, the applicant will need to reassess their requirements. That may mean making a larger deposit or buying a lower-priced van to apply for a lower loan amount. All taking time and slowing down the process.
Use our Finance Calculator to get repayment estimates on different priced vans and with different deposits until you obtain the estimate in your ballpark. The calculator is quick and easy to use. You can get your estimates in a few seconds and be ready to apply for a realistic loan amount.
Ensure you’re 100% ready to apply by gathering your documents and financial details and the necessary information on the RV. Docs required include payslips, income details, employment, tax returns, bank statements, residential details and similar. Scan or photograph hard copies so they are ready to email or upload to Jade. RV details required are the make, model, year, new or used, purchase price, registration if registered, and other specs. If a used model, more details, possibly photos, on the condition may be requested.
Have all that ready to give to your Jade broker so we can quickly get on with processing your application.
If applying for a secured credit product, you will need to have comprehensive insurance on the vehicle. While we’re processing your application, contact insurers to secure a cover note. The lender will not proceed to settlement until they receive proof of insurance. A cover note provides interim coverage while the policy is being finalised.
How do I apply for 24-hour caravan finance approval?
To apply for your RV loan with Jade, contact us online or by phone. Your broker will request the necessary details and docs and help you complete the application. We’ll then handle it from there and get back to you with your quote. Accept that and the application processing can be completed and the finance available for settlement.
Don’t miss out on buying your choice of RV, apply now for fast caravan finance approval with Jade Caravan Finance 1300 000 003
DISCLAIMER: THE DETAILS AND INFORMATION IN THIS CONTENT ARE PREPARED AND PRESENTED PURELY FOR INFORMATION AND NOT INTENDED IN ANY WAY AS THE SOLE SOURCE OF FINANCIAL ADVICE FOR CARAVAN PURCHASING. IF ADDITIONAL FINANCIAL ADVICE IS REQUIRED, READERS SHOULD REFER TO A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY ERRORS, PRODUCT DESCRIPTION VARIATIONS, OR OTHER MISREPRESENTATIONS OF INFORMATION AS PRESENTED.
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