Finance For Your Caravan, Motorhome and Campervan

At Somewhere Else We work with professional financial advisors and brokers who have years of experience in finance for RVs. We work together to help you get a deal that matches your estimated budget in an organised way.

At Somewhere Else, we understand that purchasing a motorhome, campervan, or caravan is a significant investment. That's why we offer a range of finance options to help make your dream of owning a mobile home a reality.

Caravan Finance Options

Secured Caravan Loan

This is a loan secured against the vehicle, where the lender holds the title until the loan is fully repaid. It has lower interest rates and longer repayment terms, making them a popular choice for those looking for affordable monthly payments.

Unsecured Personal Loan

This is a loan that is not secured against any asset, such as a vehicle or property. These loans typically have higher interest rates and shorter repayment terms than secured loans, but they offer greater flexibility and can be used for any purpose.

Balloon Payment Loan

Eligibility

The eligibility criteria for getting a caravan loan in Australia can vary depending on the lender and the type of loan. However, some common eligibility requirements include:
Age: Most lenders require borrowers to be at least 18 years old
Residency: You must be a permanent resident or citizen of Australia
Employment and Income: Lenders will usually require proof of income and employment, and may require a minimum income level to be eligible for a loan. Self-employed borrowers may need to provide additional documentation, such as tax returns.
Credit History: A good credit score and history can increase your chances of approval and help you get better interest rates.

Documents Required

The documents required for a caravan loan in Australia can vary depending on the lender and the type of loan. However, some common documents that lenders may require include:
Proof of Identity: A valid Australian driver's license, passport, or other government-issued ID may be required.
Proof of Income: Lenders typically require proof of income, such as pay slips, tax returns, or bank statements. Self-employed borrowers may need to provide additional documentation, such as business financial statements.
Employment Verification: Lenders may require verification of employment, such as a letter from your employer or a recent pay slip.
Proof of Residence: Lenders may require proof of your current address, such as a utility bill or lease agreement.
Credit History: Lenders will typically check your credit history and score to determine your creditworthiness and ability to repay the loan.

Caravan Insurance Service

For Buyers

Comprehensive coverage

This provides the most complete coverage for your caravan, including coverage for theft, damage, accidents, and liability. Third-party property damage coverage This covers damage that you may cause to another person's property while using your caravan.