Here are some of the more frequently asked questions which are posed to us about loans. If your question is not answered below, please contact us.
Applying For A Loan
Q. I am in Australia on an overseas visa – can I apply for a Caravan/RV loan?
Yes, although the term of your loan does need to end 3 months before the expiry of your visa.
Q. If I apply online, is my privacy protected?
Q. Can I get pre-approval before purchasing?
Yes we can definitely organise a pre-approval for you.
Q. How long does it take to get approved?
We can usually get you an approval within 2 hours
Q. What do I need to apply for a loan?
Privacy form signed Bank statement, drivers licence and payslips.
Q. How do I apply?
You can enquire now or simply complete the online application form.
For more information, submit an your enquiry by clicking on the enquire now button or simply Apply Now
Q. Can I get a zero deposit approval?
Depending on your profile you may be eligible for a zero deposit approval. We will try to get the lowest deposit approval we can.
Q. How old can the Caravan/RV be to finance?
Most lenders have a condition on the age of the Caravan/RV. Simply apply or submit your enquiry and we can advise you in your current circumstances.
Q. What happens now my loan has been approved?
We will organise a time for you to sign the documents and usually within 24hrs you can take possession Caravan/RV (unless it is a new unit that needs to be built).
Q. I’ve got a bad credit rating?
We do finance applicants with bad credit ratings. We specialise in this area and have numerous lenders who can assist.
Q. How do I get a good credit rating?
To get a good credit rating it is best if you stay in your loan for a minimum of 6 months and show a payment history that is early or on time.
General Loan Information
Q. Do I need to have insurance on the Caravan/RV?
Yes whenever there is finance on a Caravan/RV you must have valid certificate of currency (insurance policy) covering you.
Q. Can anyone apply for a loan?
Yes if you are over 18 years and working full time. We process all our application forms thoroughly and if there is a problem we will contact you. In the meantime, simply apply and we can go assist you in your circustamces.
Q. Can you find me the Caravan/RV?
Yes we work with many dealers and can assist you in locating the unit your after. So simply apply or submit your enquiry to us.
Q. Can I finance an interstate Caravan/RV?
Yes you can.
Q. I have an international or overseas Drivers licence – can I apply for a Caravan/RV?
This can depend on the visa/PR conditions individual to you. Please check out the department of transport website relevant in your State or Territory
Q. What term will my loan be over?
Loan Terms can vary from 2-5 years. In exceptional cases loan terms can be extended to 7 yrs
Q. Can I buy a Caravan/RV privately? Can I buy from a dealer?
Yes, finance can be arranged for Caravan/RV purchased both privately and from Caravan/RV Dealers
Loan Interest Rates
Q. How is the interest calculated?
Interest is calculated daily
Q. What is the interest rate going to be?
Interest rate on your loan is dependent on your individual application. We endeavour to work with you to achieve the best result in your circumstances.
Q. Is the interest rate fixed or variable?
The interest rate is fixed.
Q. How do I make my loan repayments?
You can choose to make your payments via direct debit or BPAY.
Q. How do I make extra repayments?
You can make extra repayments via BPAY, Bank Cheque or Money Order.
Q. Will I pay less interest if I payout my contract early?
Yes, interest is calculated daily, therefore the less you owe, the less interest you pay.
Q. How can I find out the payout figure?
Call our office for further instruction on obtaining a Payout figure.
Q. When do I make my first payment?
Usually it is a month after the settlement date. This depends on the finance company as there are some instances where we may be able to choose your first payment date.
Q. Can I pay the loan out early?
Yes, all Lenders provide you with a copy of their Terms and Conditions which stipulate how loans can be terminated early. In most cases there may be an early termination fee payable for early payout.