Enjoy a low rate caravan loan that is 100% made for you
- We reward your good credit history with even better rates ensuring the loan you end up with has been tailored for you in every way.
- Flexible loan terms from 6 months to 5 years for loans between $2,001 and $45,000. Use funds to consolidate debt, renovate, travel and more.
- No monthly or early repayment fees help you save more and pay off your loan faster. Because nobody has ever said ‘yes please’ to fees.
Australia’s most loved personal loan.
Over 1,898 borrowers have rated us 4.8/5 on ProductReview. Here’s what those happy customers have to say about a RateSetter loan.
The turn around was super quick and the application process was amazingly easy! Everything was clearly laid out and straight forward which was really helpful considering I’ve been a little stressed.
The process of applying was very easy having to only fill out a couple of questions. The application fee was less than advertised so happy days and the interest rate is cheaper than the big 4 banks.
I can’t fault this service. Application process was smooth. I received a courtesy call within hours. Approved the same day with funds received shortly after. Service has been nothing short of exceptional.
I found this organisation had the best customer service. NO extra cost incurred and I would rate them 10 out of 10. I would recommend my friends and family to this organisation for their excellent service.
The staff I dealt with were very helpful and professional. The administration costs were lower than other peer to peer lenders in the market. The interest rate was competitive and lower than I expected.
I truly found this to be one of the easiest sites to navigate. It was so easy to apply and the response times were unreal. The rate was significantly better than minimum rates advertised by other lenders.
Getting a caravan loan is as easy as 1, 2, 3.
Get your rate
Discover your personalised interest rate in 1 minute (without impacting your credit score) with our quick and easy RateEstimate.
Apply in minutes
You can apply online in 5 minutes. We’ll need you to verify your identity and submit your bank statements as part of this process.
Enjoy your funds
After your personal loan has been approved and funded, you will receive your funds on the next business day. It’s that simple. Really.
You’ve got questions we’ve got answers.
What is a caravan loan?
Are you planning to upgrade your caravan or purchase a new one? A caravan loan offers you the flexibility to do that in a way that takes into account your goals and financial circumstances. Ratesetter’s caravan loans are a form of personal loan, which means that you can access versatile finance at a competitive rate. If you opt for an unsecured caravan loan, you can use it to purchase the caravan and also pay for associated costs, such as registration, insurance, and maintenance.
Why consider a caravan loan?
A RateSetter caravan loan lets you take advantage of your hard-earned credit rating to purchase the vehicle you need (or want) now and then make affordable monthly repayments to pay it off over the term of the loan. With RateSetter, you will benefit from competitive rates on a flexible caravan loan that are often lower than those form traditional lenders such as a bank or dealership finance. Save more money by paying down the loan quicker. Using finance to buy a new or used caravan couldn’t be easier.
How does a caravan work?
A caravan loan works just like a standard personal loan. That is, you borrow a specific amount of money and then pay it back with interest over an agreed term. To qualify for a personal loan, you must submit an application and agree to a credit check that takes into account your borrowing history, employment status, credit score, and other factors.
What are the benefits of a caravan loan?
Personal loans, including caravan loans, allow you to enjoy a lower interest rate than you would receive with a credit card. They also offer a consistent repayment schedule, which makes it easier to budget in advance and avoid fees or penalties for late payments.
What can I use a caravan loan for?
You can use a caravan loan for a number of different purposes, including:
- New caravan purchase
- Used caravan purchase
- Caravan parts and modifications
- Smash repairs / panel beating
- Servicing fees
- Insurance fees
We’ll pay funds into your nominated bank account on the next business day following your loan acceptance. This gives you the flexibility to manage and pay for your car costs any way you like.
How much does a caravan loan cost?
If you’re considering a caravan loan, you may be unsure of how much it will cost. Fortunately, our caravan loans are priced in a relatively straightforward way. The total cost of a caravan loan comprises three main factors:
- the interest rate (this may be fixed or variable)
- a one-time establishment fee
- ongoing fees (such as account maintenance fees, late payment fees, and other charges)
These costs are often combined to create a comparison rate that represents the total price of a loan. This allows you to compare different caravan loans to find the one that best suits your needs.
For an overview of fees and charges (including interest rates) associated with RateSetter’s caravan loans, see the table below:
|Term||1 yr||2 yr||3 yr||4 yr||5 yr|
|Credit Assistance Fee||from|
|Early Repayment Fees||$0||$0||$0||$0||$0|
Comparison rates for 1, 2 and 3 year loans are based on an unsecured personal loan of $10,000 over a 36 month term. Comparison rates for 4 and 5 year loans are based on an unsecured personal loan of $30,000 over a 60 month term. Comparison rates shown assume a customer with an excellent credit history. Rates current as at 2pm, 24 August 2019. Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Am I eligible for a caravan loan?
RateSetter provides secured and unsecured loans to Australian-resident individuals and businesses. If you are an individual, you can borrow for any worthwhile purpose, including a new car, home improvements, consolidating debt, a major event or holiday.
Save time before applying by making sure:
- You are aged 21 or over
- You are an Australian citizen or permanent resident
- You have a regular source of income that you can demonstrate
- You have a good credit history
To see if you may qualify for a RateSetter caravan loan, you can get a RateEstimate – it only takes 1 minute, and won’t affect your credit score. If you request a RateEstimate, we will ask you a few questions so we can calculate an initial estimate of your borrowing potential, and the rates, fees and charges that may apply to your loan.
In making a final decision, we consider a number of factors, including your credit file as provided to us by Equifax and/or Illion, our credit bureau partners. If you would like more information regarding your credit file, you should contact Equifax and Illion directly.
What do I need to apply?
To apply for a caravan loan, you will need to complete our identity verification process successfully, as well as considering how suitable a caravan loan is to your current circumstances.
To complete identity verification you will need to provide one or more of the following documents:
- Australian State or Territory-issued drivers licence
- Australian or foreign passport
- Address verification document such as a utility bill or tenancy agreement
These details can either be entered on our website during the application process and automatically verified online or you can upload or email them to us at firstname.lastname@example.org.
When assessing your application, we are looking for evidence of how suitable the loan is to your current circumstances and the purpose for which you require funds. Among other things, we’ll assess your:
- Employment stability;
- Repayment history;
- Credit bureau information; and
- Other details you communicate to us.
You will also be asked to verify your income and expenses, and may be asked to provide supporting documentation such as bank statement information or payslips. The documents you will need to provide will be displayed to you during the application process.
Representative example: Based on $10,000 loan with a 36 month term for a borrower with a excellent credit history at a comparison rate of 6.86% p.a. the estimated total amount payable including all applicable fees is $11,424. RateSetter loan repayment terms range from a minimum of 6 months to a maximum of 5 years. Interest rates range from 4.98% p.a. (comparison rate 6.59% p.a.) to 12.58% p.a. (comparison rate 20.46% p.a.). Rates are subject to change depending on the rates offered by lenders in our Lending Markets. Rates stated as at 2pm, 24 August 2019 and are subject to change. RateSetter credit criteria and terms and conditions apply.