Different Motorhome Finance - Comparing motorhome Loans
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Motorhome Finance - Motorhome Loans

7 Jul Today's
best rate
Caravan loans from
3.99 %
Fixed
With a low
5.22 %
Comparison*
*The Comparison Rate is calculated on a Secured Loan of $30,000 fixed for a term of 5 years, new goods, effective 07/07/2021 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.

Motorhome Finance Interest Rates Comparisons – Right Here!

Getting behind the wheel of your dream vehicle with the cheapest loan deal does not have to involve time-consuming searches, endless enquiry calls and requests for quotes. We’ve made the process quick and easy right here. We’ve compiled a list of loans on offer through a selection of leading banks and lenders, including ourselves, with the relevant rates.

As you can see, lenders price loans differently and while some variations may seem insignificant, they certainly are not insignificant over the term of a 4, 5, 6 or 7-year loan.

  • To convert the price of your vehicle to repayments for the different loans available, all you have to do is enter the amount of your loan and the loan term you would prefer.
  • The resource instantly calculates across the board to show the payments for each lender.
  • Data is current for the date displayed.
  • Advertised and comparison figures included.
Loan Amount
Loan Term
Jade
Motorhome Loan
3.99% Secured
5.22% Comparison
$630.5
Monthly repayment
CBA
Variable Rate Personal Loan
13.50% Variable
14.37% Comparison
$859.25
Monthly repayment
ANZ
Variable Personal Loan
12.99% Variable
13.86% Comparison
$846.5
Monthly repayment
NAB
Variable Rate Personal Loan
12.69% Variable
13.56% Comparison
$839
Monthly repayment
St George
Fixed Rate Personal Loan
11.49 % Fixed
12.57% Comparison
$814.25
Monthly repayment
Suncorp
Fixed Rate Personal Loan
10.49% Fixed
11.08% Comparison
$777
Monthly repayment
Westpac
Fixed Rate Personal Loans
11.99% Fixed
13.15% Comparison
$828.75
Monthly repayment
CUA
Variable Rate Personal Loan
11.89% Variable
12.15% Comparison
$803.75
Monthly repayment
Lender Product Name Advertised Rate Comparison Rate Monthly Repayment
Jade Motorhome Loan 3.99%Secured 5.22%
$630.5
CBA Variable Rate Personal Loan 13.50%Variable 14.37%
$859.25
ANZ Variable Personal Loan 12.99%Variable 13.86%
$846.5
NAB Variable Rate Personal Loan 12.69%Variable 13.56%
$839
St George Fixed Rate Personal Loan 11.49 %Fixed 12.57%
$814.25
Suncorp Fixed Rate Personal Loan 10.49%Fixed 11.08%
$777
Westpac Fixed Rate Personal Loans 11.99%Fixed 13.15%
$828.75
CUA Variable Rate Personal Loan 11.89%Variable 12.15%
$803.75
Get a free quote

Disclaimer: The comparison rate indicated is based on a loan $30,000 at a fixed interest rate. The repayment shown does not allow for all possible fees and charges which may apply to your individual loan. The interest rate you are offered may vary from the rate displayed. Use this tool for comparison purposes only. Using this calculator is not a loan application, is not a credit offer, is not an indication of an approved loan in any way. The repayments you are offered may be different from those shown.

Motorhome Finance 

Your home away from home and your access to get away whenever and wherever you want! These vehicles can be the most luxurious havens on wheels or smaller, simpler variations set up to cater for the basics. Whatever your travelling style, Jade Caravan Finance can arrange finance to make your home on the road dreams a reality with our cheap interest rate loans.

  • Loans for private and business buyers
  • Cheap interest rate loans
  • 100% purchase price loans
  • 1-7 year loan terms
  • New and second-hand models financed
  • Comparison loan tools and resources free to use

Motorhome Finance Options in Australia

You have the capacity and possibly the plans to travel this vast country and we share your nation-wide approach. We specialise in leisure finance and arrange loans for buyers in all areas of the country via our contemporary, convenient, contactless lender service.

Wherever you are and wherever the vehicle you intend to buy is located, as long as you are connected with a device, you can access our highly skilled and trained financial professionals to arrange your loan.

Loans are available for purchases made directly from the manufacturer, through a dealer or from a private seller. We assist with many checks and verifications to save you time and protect your interests.

Motorhome Finance for New and Used Models

While buying a brand new, often built to your specs vehicle is the objective for most buyers, the second-hand market offers many great buys worth considering. Regardless of whether your selection is straight from the showroom or pre-travelled, we can source affordable loan quotes for the purchase.

We are accredited with over 60 banks and lenders which provides us extensive access to many choices for funding. Some banks and lenders baulk at loan applications for second hand goods. But we have many lenders and banks that welcome the business and can make very attractive loan offers.

Motorhome Finance Product Options

As specialists in leisure funding, our range of loan types extends across both personal and business facilities, with both secured and unsecured choices. Speaking with one of our consultants can be helpful in determining which particular loan will suit your purchase, or refer to your accountant.

  • Secured Finance: This is the most common type of loan for leisure and many other goods purchased for personal use. The borrower has immediate ownership and use of the goods while the goods are used as security by the lender against the funds extended. Secured loans attract the most attractive interest rates due to the security element. We arrange these loans with a fixed interest rate and over a fixed loan term to arrive at a fixed monthly loan repayment figure. So once you’ve set-up your direct debit, you can travel off into the sunset, reassured that you won’t have to address your loan until the end of the loan term.
  • Unsecured Personal Loans: In some cases, the lender may assess the goods as not being suitable security against a loan. In other instances, the borrower may choose not to offer the goods as security. In these instances, an unsecured loan can be a very suitable funding product. The interest rate is also competitive and may be fixed or variable. Repayments and loan terms can be fixed so borrowers can make other financial plans moving forward.
  • Business Use – Chattel Mortgage: For businesses buying assets and other physical goods, this is the most popular and highly versatile loan. A secured loan format, this finance facility provides tax deductibility through depreciation of the asset in accordance with ATO rulings at the time. If applicable, this may make the goods eligible for IAWO and temporary full expensing.
  • No Doc Loans: New businesses that have been operating for only a short period, rarely have the full extent of the financial records required to fully complete a business loan application. Fortunately, we have access to lenders that offer specialist loans for this purpose. A current ABN and ID is essential and from there, we negotiate you the best loan conditions and the cheapest rate.
  • Motorhome Loans for Bad Credit: A poor credit rating can be a major obstacle to acquiring cost-effective funding. If you’ve had a loan application rejected by a bank or you know you have a poor rating and are worried about applying, put all that aside and contact us to discuss your situation. Our access to such a vast selection of lenders makes us ideally positioned to assist customers in even the most challenging circumstances. Contrary to popular belief, loans at affordable rates can be achieved with poor credit. Just ask us how.

With a comprehensive loan selection available, we are ideally placed to assist a wide range of customers with their funding requirements.

Use a Motorhome Loan Repayment Calculator

Our lending tools and resources are here for your convenience and can be utilised whenever you want. The Loan Calculator is a must-have when you’re attending industry showcases, manufacturer’s facilities, dealer showrooms or just browsing the web to check out what makes and models are currently available on the market.

  • It allows you to generate estimates on monthly repayments based on a purchase price and loan term.
  • Use it as often and for as many models as you like to compare prices based on repayments.
  • Vary the loan term to see how the repayments change to plan how you would like your loan structured.
  • Compare makes and models, new v used.

This resource is available 24/7, free to use and requires no special skills or mathematical ability.

Quick, Easy and Complete Motorhome Financing

We strive to make moving into your own home on wheels as enjoyable experience as travelling. Our team of experts are working in your best interests at all time, sourcing you the cheapest deals at the lowest interest rates and handling much of the complicated and time-consuming paperwork.

Our comprehensive lending service is provided by fully trained and licensed finance professionals and is carried out to the highest standards of probity and convenience.

  • Quick quotes
  • Fast loan application approvals
  • Prompt Settlement
  • Pre-approved loans

Get a Motorhome Loan Quote Now!

We make it easy to source a quote. Request online or just phone us for a discussion around your requirements and the details of what you are purchasing.

Speak with a Jade expert to discuss how we can assist with your motorhome lending. Call 1300 000 003

 

MotorhomeFinance Calculator

Use our online loan repayment calculator to calculate payments and deffferent interest rates online over 1-7 years.

Finance Calculator Disclaimer

Motorhome Loan FAQs

While a motorhome may be considered a home, a car and a recreational vehicle, our loans to purchase a motorhome fall under our caravan finance category. In answering these specific FAQs about motorhome loans, we’ve addressed issues which are specific to that category of recreational vehicle. Every Jade Caravan Finance application is treated on an individual basis so the information provided here is quite general in nature. If you still have further questions about applying for a loan on your particular vehicle, it’s easy to simply call as and ask! Call 1300 000 003

Does the size of the motorhome affect the loan?   

Not specifically but certain aspects around the actual motorhome may have an impact on the loan offered. Manufacturers offer a significant size range in the motorhome category. The price of a new motorhome usually increases with the size of the vehicle and that usually impacts the total loan amount and often the loan term requested. However, the interest rate should not change according to the size of the motorhome. The interest rate offered is determined primarily by the credit profile and details of the applicant. The purchase price or loan amount requested needs to be within the minimum and maximum loan limits of our individual lenders to be eligible for a caravan loan. The quickest and easiest way to see different repayment estimates for different sizes of motorhomes is to use a repayments calculator.

Is a motorhome financed with a car loan or a caravan loan?   

A loan for a motorhome is considered as caravan finance not a car loan. While a motorhome does come as a complete vehicle with engine and other car-related features, it is seen primarily as a recreational and travel vehicle rather than a passenger vehicle. If your question relates to the pricing and interest rates of a car loans compared with caravan finance, you need to refer to rates for caravan finance.

Can I get a motorhome loan for the full purchase price?   

In most cases, yes.Lending can be offered to cover the full purchase price of most motorhomes, subject to meeting individual lender guidelines around minimum and maximum loan amounts and other conditions. A loan for the full purchase price is commonly referred to as no deposit finance. This infers that the borrower does not have to pay a deposit for their motorhome and can borrow 100% of the purchase price. Separately to dealings with lenders, sellers may request that borrowers pay a deposit to hold the vehicle and especially if the motorhome is to be custom-built or built-to-order. This type of deposit may be included in the total loan amount when the loan is settled and as such returned to the borrower. In most cases, the lender will not request that the borrower make a deposit for their purchase. There of course can be exceptions as each motorhome finance application is addressed by lenders on an individual basis.

Can I get finance if I plan to live permanently in my motorhome?   

Finance is provided for motorhomes which are used for recreation and travel purposes, not as a permanent residence. If you intend to reside permanently in your motorhome and the it is your only residence, then the loans a Secured Caravan Loan would not be suitable. Your loan application would not meet the criteria of the lenders. If you use your motorhome for extended travel and still maintain a separate residence, then you should meet the caravan loan criteria. Often people use motorhomes and other types of caravans as short-term accommodation while building a home or when a home is being repaired after occurrences such as bush fires. In these examples, the home being built or repaired should be considered as the permanent residence and under this assumption, the loan request should be eligible.

What are the loans for motorhomes options?   

Buyers have a number of lending options. Different loans are available for private and business buyers. Personal buyers can choose a secured or an unsecured. The Secured Loan is the most popular and it follows a widely accepted format. The goods are used as security against lending by the lender and the borrower repays in equal monthly instalments over the fixed term. Where the goods are not suited to be offered as security the unsecured personal financing is available. This may be at a fixed or variable interest rate and has a fixed term and fixed repayments. Business buyers can select from a number of commercial finance facilities including leasing and Chattel Mortgage. The benefits of each are considered in relation to individual business financial objectives.

Can I pay extra payments on a motorhome loan?   

Yes. Consumer loans, both secured and unsecured, allow the option for extra amounts on top of the scheduled monthly repayments to be made as desired by the borrower. As interest is charged on consumer loans on a daily basis, making additional payments can reduce the total interest payable. It will also reduce the term that is the time to pay off the entire finances. That is known as paying out the lending early and does attract break fees for fixed interest rates. These are considered minimal and contact with the lender will reveal the exact amount payable. It will vary with the time outstanding on the finances.

Are no deposit motorhome finance deals available?   

Yes. No deposit loans refer to no deposit being requested to be paid to the lender. This is different from down payments or holding deposits requested by the dealer. They are usually requested to hold the vehicle while the buyer arranges their lending or while the dealer prepares the vehicle for delivery. No deposits include the complete purchase price of the goods. This can be just the price or may include additional extras such as optional upgrades, accessories packages and similar items. Where the dealer includes the vehicle registration in the invoiced price, this could be included in the loan amount also.

What are the requirements for finance a motorhome?   

ASIC is the body responsible for consumer finance and it sets out the requirements for lending applications and the guidelines by which licensed, responsible lenders must adhere when arranging consumer loans. Applicants must be over the age of 18 years, have ID and have a job or source of income. The application process will also require applicants to produce a range of financial documents and other personal information in regard to their residential status and history, assets and liabilities. All other debts including credit cards need to be disclosed. A driving licence is not an essential requirements. All applications are assessed individually by lenders and should additional information or clarification be required, it will be requested at the time of application.

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