Question 1

Do I need to pay a deposit on my camper trailer loan?

Accepted Answer

Camper trailer loans do not always require a deposit. Many lenders offer no-deposit loan options. An individual’s credit score, financial history and overall risk assessment will determine if a borrower can achieve a no-deposit loan. However, by offering a deposit, chances of your loan application being approved may be increased.

Question 2

What collateral do I need to provide for my secured camper trailer loan?

Accepted Answer

The goods being financed can be used as collateral on a secured loan. Sometimes unsecured financing can be achieved, however, this is subject to lender assessment and approval of individual applications.

Question 3

What interest rates should I expect for my camper trailer loan?

Accepted Answer

Interest rates vary across the leisure lending industry. The rate of interest an individual receives is dependent on their individual credit profile and loan application. Generally, secured camper trailer loans will receive the best interest rates, as well as individuals with higher credit scores.

Question 4

What camper trailer models receive the best finance offers?

Accepted Answer

Loans will be approved mainly on the strength of an applicant's financial documentation and credit profile. The same loan products, rates, and features generally apply for a camper trailer loan regardless of its make, model or type.

Question 5

Do unsecured camper trailer loans have better interest rates than secured camper trailer loans?

Accepted Answer

No. Due to no collateral being secured against the loan, unsecured products will generally attract higher rates than secured products. This is because unsecured loans do not require an applicant to offer collateral, thus presenting a higher risk to the lender. To offset this risk, the lender will therefore charge a higher interest rate.

If you are looking for lower monthly payments and interest rates, a secured loan is the most cost-effective option.

Question 6

Can I receive pre-approval for a camper trailer loan?

Accepted Answer

Yes, camper trailer applications can be pre-approved. Pre-approval allows borrowers to understand how much they can borrow before finalising their purchase. However, it is generally subject to final approval after the specific trailer has been selected.

Question 7

What loan term can I expect for a camper trailer loan?

Accepted Answer

Terms on caravan financing depend on the lender and the submitted application. Terms of up to 7 years can be achieved. Shorter terms typically result in higher monthly payment with less interest paid over time, and longer terms offer lower monthly repayments with more interest over time.The length of the term a borrower receives is dependent on factors such as credit score, income, and the lender’s policies.

Question 8

Why is the quote I received from the online calculator different to the one I received from a lender?

Accepted Answer

Easy Caravan Finance’s online calculators do not take into account your specific individual credit profile. Therefore, different rates may apply to difference calculator users. It is important to note that the calculator’s estimates do not include charges applied by lenders.

Question 9

Are RV loans the same for new and second-hand camper trailers?

Accepted Answer

New models of camper trailers are typically financed with secured loans, where the trailer serves as collateral on the loan. For used trailers, the lender will assess the vehicle’s age, condition and value to determine if it qualifies for a secured loan. If your used camper does not meet the criteria for a secured loan, an unsecured loan could be an alternative.

Question 10

Can I finance an imported camper trailer?

Accepted Answer

Yes, borrowers can finance an imported camper trailer through Easy Finance. We have flexible loan options for your trailer, whether it is imported or locally manufactured. Additional checks may be conducted due to import regulations.

Low Rate, Flexible Term Camper Trailer Loans

Secured and Unsecured Camper Trailer Financing Options Available

Fund All Makes and Models of Camper Trailers with Easy Finance

Bank Beating Caravan Loans