Is it time to update to a new caravan for the family, pop top caravan for the weekend, extended holiday, or you want to do the BIG trip around the country?
With access to lenders and loan options today than ever before, we can help you find, compare and choose suitable caravan loans to suit your budget and lifestyle needs.
Leisure goods can be difficult for banks to lend against and many often offer less than ideal loan approvals.
We understand the complexities of leisure finance and can help you find a caravan loan package suitable to your budget, goals and lifestyle
FINANCING LEISURE GOODS
Unlike cars, leisure goods are classed more of a ‘want’ item, meaning most people use their cars everyday to get to and from work, but only use leisure goods occasionally on weekends or when time allows.
Leisure goods also are generally customised to suit the individual’s taste, so a caravan fitted out to your needs may not suit the next person wanting to buy.
Lenders consider ‘risk’ when providing loans so if you use the caravan as security against the loan they can take this into consideration and provide usually a better result for the customer.
Leisure Goods Loan Options
Building Leisure Goods
Quite often leisure goods are built to order. So what to do when financing leisure goods? If securing your caravan or pop top float against the loan, the goods would need to be complete before drawing down on the funds.
Should events happen out of your control, having purchased and financed leisure goods that you haven’t taken delivery of can be a major risk to both you and the lenders. So what do you do? The first step is to gain a pre purchase approval. That way you know the lender is happy to provide the funds for your purchase. Your consultant will be able to provide you with the interest rate, repayments and any fees associated with the loan.
Once you’re happy to proceed, then contact the seller and place an order.
Once the leisure goods are completed, make contact with the consultant and they can reopen your approval, check for any interest rate fluctuations and provide the necessary paperwork to complete your loan.
Benefits of iCREDIT Loans
- No Deposit Finance
No deposit caravan loans.
- You Choose!
Accessing Australia’s leading banks and specialist financiers allows you to make an informed decision on your new or used caravan goods purchase
- Fast, Flexible, Easy
Apply online, call us on 1300 350 118 or use our quick quote option for a call back.
- Competitive Rates
We consistently monitor current interest rates to maintain and provide the most competitive caravan loans in Australia. Our job is to find the best answer possible based on your profile and loan amount.
- 2nd Chance Leisure Finance Option
Unfortunately bad things happen to good people! So we provide 2nd chance leisure loan options. Our job is to explore every avenue to help gain a suitable loan approval and can assist if you have a black mark on your credit file, short term employment or have been declined by your bank, broker or dealer.
- Obligation Free
Most important of all. Obligation Free! Even if you want to compare your current leisure loan approval, call us for an obligation free quote. You may be pleasantly surprised!
To help with your leisure finance application, contact iCREDIT on 1300 350 118 or Apply Online
*Finance subject to approval, including the application of applicable lending criteria. Terms and Conditions apply. Fees and Charges are payable. Credit assistance provided by iCREDIT Australian credit licence 499023. ^Comparison rate for Secured Loan is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. 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. **. Interest Rate: 7.490% Comparison Rate: 9.58%