CAMPERVAN & CARAVAN LOAN
Why choose a Westpac Unsecured Personal Loan for caravan or camper?
Pay your way
Match your pay day with weekly, fortnightly and monthly repayments
Get a quote in under 5 minutes
Know your repayments and get your rate, without impacting your credit score.
$0 extra repayment fee
Make extra repayments and get ahead of your personal loan#. You’re in control with Westpac.
More reasons to choose us
- Borrow up to $50,000: Choose the loan amount you want between $4k - $50k
- Loan terms to fit your budget: Set your loan term however you want between 1 - 7 years. A longer term will lower your repayment amount, a shorter term will lower the interest you pay overtime
- Same-day funding: Access your funds within an hour of accepting your contract when transferred to an existing Westpac account. *
Get a personalised rate
We give you a personalised rate and estimated repayments based on your credit score and the loan details you provide to us.
Get your personalised rate and an estimate of your repayments for a Car Loan or Unsecured Personal Loan by answering a few questions. If you already bank with us, sign in to save time.
Caravan and campervan loan FAQs
What type of loan do I need to buy a caravan?
If you're looking for a caravan loan, unsecured loans like our Unsecured Personal Loan are a popular option. Westpac offers secured loans for cars (not caravans) and this is the case with most lenders.
Am I better off with a Car Loan for a recreational vehicle or campervan?
Depending on the model, age and other criteria, a van, people mover or campervan may qualify for our Car Loan - which is a secured loan. The advantage of this is a lower interest rate than our unsecured loan. However, our Car Loan isn't available as RV or motorhome finance.
Note if you're looking at an already-converted van, its value for a Car Loan assessment will be based on the van's model, age and condition - not the added-value of an aftermarket fit-out.
How much deposit do I need to buy a caravan?
We won’t ask you for a deposit if you're after a caravan loan. If you're planning to buy with our Unsecured Personal Loan, you can borrow 100% of the caravan's cost using the loan - right up to our maximum loan amount of $50,000 (subject to credit approval).
How long can you get caravan finance?
You can choose a loan term of 1-7 years when you use this loan as your caravan loan. A longer repayment period reduces the amount of each monthly repayment. That can be better for cash flow but means you might also pay more interest. A shorter repayment period means less overall interest, but your monthly repayments will be higher.
Repayment calculator
This calculator helps you estimate how much your personal loan repayments could be.**
The details
Our Unsecured Personal Loan comes with a fixed rate, meaning that you have the certainty of a set repayment amount throughout the life of the loan. You can also make extra repayments to pay off your loan faster, giving you the best of both worlds (prepayment fee may apply#).
Key rates and fees
Rate or fee | Amount |
---|---|
Annual fixed rate range | 7.99% p.a. to 20.49% p.a. |
Comparison rate range | 9.18% p.a. to 21.61% p.a.^ |
Median rate
Around half of our customers receive the median rate or lower
|
16.99% p.a. |
Lending establishment fee |
$250## |
Monthly loan account fee | $12 |
Other fees and charges may be payable.
Before you apply
Follow this section to improve the likelihood your application is approved.
- You're aged 18 or over
- You have permanent residency in Australia/NZ OR;
- You're a non-resident or migrant and hold an acceptable Visa (PDF 489KB), with a minimum 1 year before expiry
- You have a regular, verifiable Australian taxable income
- You have a fixed, verifiable residential address in Australia.
Things you should know
This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice. Please consider your individual circumstances before applying for a Westpac Personal Loan. Credit criteria, fees, charges, terms and conditions apply. Information is correct as of 17 October 2024.
##The lending establishment fee will be added to your loan amount. Please read full terms and conditions before making a decision to apply for a Westpac Personal Loan.
^Comparison rates: Comparison rates help you understand the true cost of a loan. All comparison rate examples shown are for a personal loan amount of $30,000 and a term of 5 years. WARNING: Comparison rates apply only to the example or examples given and may not include all fees and charges. Different loan 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.
- Unsecured Personal Loan repayment terms range from 1 to 7 years. Interest rate ranges and representative examples are based on an unsecured loan of $30,000 borrowed for 5 years with the interest rate of 7.99% p.a. (comparison rate 9.18% p.a.), the estimated total amount payable including fees is $37,513. The actual rate offered may be higher or lower than the comparison example above. Rates currently range from 7.99% p.a. to 20.49% p.a. (comparison rate from 9.18% p.a. to 21.61% p.a.)
#Prepayment fee: If you choose a term greater than 2 years for a Westpac Personal Loan, and pay it out in less than 2 years, there is a prepayment fee of $175. This fee is waived if you pay out your personal loan by re-financing to another Westpac personal loan.
*Access to funds within 60 minutes: Available for existing customers who are approved for an Unsecured Personal Loan. Loan funds will be disbursed into an existing Westpac transaction account 60 minutes from when e-contract acceptance has been received. Funds requested to be transferred to a non-Westpac account will take up to 3 days.
**Repayment calculator: Any calculations made by you using this calculator is intended as a guide only. It is for illustrative purposes only and is based on the accuracy of the information provided. The calculation is not an offer of credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The calculations should not be relied on for the purpose of making a decision whether to apply for a personal loan. Weekly and fortnightly repayment calculations - if your monthly repayments are $1000, fortnightly repayments are calculated by dividing $1000 by 2 and rounding up if required ($1000/2 = $500). Weekly repayments are calculated by dividing $1000 by 4 and rounding up if required ($1000/4 = $250).
Credit provided by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.