Caravan Loans
Wanderlust calling? Answer it with a personal loan for a caravan.
What is caravan finance?
Caravan finance is simply a personal loan that’s used to buy a caravan. You can even apply online, it’s that easy.
Whether you’re an aspiring grey nomad, living the van life, or introducing the family to the great outdoors, a caravan loan can get you out there and exploring sooner than you think.
Caravan loans from Great Southern Bank
The benefits go further than lots of fresh air. With a personal loan from Great Southern Bank, you’ll also get:
- Competitive low interest rates.
- $0 monthly account fee.
- Fee-free extra repayments.
- No penalties for early payout.
- Free redraw – in case you need your additional repayments.4
- Get your loan funded on the day you apply.5 See how it works
Why get a personal loan for a caravan?
If you’ve been dreaming about the nomadic life, what are you waiting for? A personal loan can get you into your ideal caravan and off the beaten track fast.
But it’s not just about getting out of the concrete jungle, here are some more reasons why a personal loan for a caravan might be right for you.
More choice and potential savings
You can buy from a dealer or private sale; the choice is yours. Great Southern Bank personal loans have flexible payment options and no balloon payments at the end of your loan. Saving you money in the long run.
Upgrade your home on wheels
Already a seasoned grey nomad or van-lifer? A personal loan can provide the funds to modify and renovate your van or buy a brand new shiny caravan.
Become a weekend wanderer
If you're curious about the van life, a campervan gives you the freedom to get away anytime. Then pay it off in easy repayments.
Take the great Australian holiday
Now's the perfect time to explore Australia. A caravan will take you where planes, trains, and buses can't go - and you'll have the view all to yourself!
Explore our caravan loans
Calculate your repayments and find your loan today.
Eligibility checklist
You must be
- At least 18 years of age
- A permanent resident of Australia
- Receive a regular income
- Have not been bankrupt or insolvent in the last five years
You’ll need
- An email address and contact number
- Existing Great Southern Bank customer number (if you're already a customer)
- Australian driver's licence, Medicare or passport details
- Employment and income details
- Details of any existing loans and expenses
How to apply for a caravan loan
1. Apply online
It should take less than 20 minutes.
2. Approvals
If approved, you will receive your loan contract to accept online. Get your loan funded on the day you apply. 5 See how it works.
3. Access your money
The funds are used to buy your caravan and you can view your repayment details in online and mobile banking.
WHY CHOOSE US
We've been putting customers first for more than 75 years.
Flexible loan options
Pay it off your way.
Clever features to help you save money
From competitive interest rates to no monthly fees, you’ll be saving smarter, not harder.
We’re customer owned
That means no shareholders. Our profits go back into new products and clever ways to help you manage your money.
Choosing a caravan loan
Unsecured Fixed Personal Loan
Loans from $5,000 to $50,000.2
Interest rate
9.39
%
p.a.
Comparison rate
1
9.64
%
p.a.
Used for:
Unsecured Variable Personal Loan
Loans from $5,000 to $60,000.3
Interest rate
11.89
%
p.a.
Comparison rate
1
12.15
%
p.a.
Used for:
Fixed rate vs variable rate caravan loan
What’s the difference, we hear you ask? In a nutshell, it’s in the interest rate.
It’s normal to take your time deciding which loan is right for you. If you have any questions, call us on 133 282 for a chat.
Fixed rate loan
A fixed rate loan means the interest rate stays the same throughout the loan term. You’ll have the same repayment amount each month and it’s great if you want repayment certainty and stability in your budget.
Variable rate loan
A variable rate loan means the interest rate can go up or down depending on changes in the market or the reserve bank making changes to the cash rate. If rates drop your interest rate can drop with it, however there is a risk that rates could go up. If you like the idea of saving money if interest rates drop, you may want to consider a variable rate. The maximum borrowing amount is also higher with a variable rate personal loan.
CALCULATOR
Calculate your caravan repayments
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Caravan and trailer insurance
Enjoy the great outdoors and peace of mind in the face of the unexpected.
Important Information
Loans are issued by Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions and fees apply.
Rates current as at 15 December 2021 and subject to change.
Your loan contract will state the minimum monthly repayment amount. You can arrange with us to make repayments on a weekly or fortnightly basis.
1 Comparison rate accurate for $30,000 unsecured loan over 5 years. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
2 $1,000 minimum loan amount in branch, $5,000 minimum loan amount online. Available loan term is 1 to 7 years.
3 $1,000 minimum loan amount and $100,000 maximum loan amount available in branch. $5,000 minimum loan amount and $60,000 maximum loan amount available online. Available loan term is 1 to 7 years.
4 A $200 minimum withdrawal amount applies for redraws conducted in-branch. Redraw facility is available for Great Southern Bank Personal Loan products on offer from 6 June 2017.
Continue an existing application
Continue
Select a loan type
Not sure which loan is right for you?
5 Same day decision & funding: How it works
It may be possible to have your loan approved and funded on the same day! To be eligible you must submit your application online before 11am AEST Monday to Friday (excluding public holidays), provide all required information and documents upfront, and accept the loan contract by 2pm. Payment of funds same day is unavailable if your application is referred for more detailed assessment. Subject to system availability. Time to receive funds may be affected by your bank’s clearance times. Lending criteria applies.