The pros and cons of secured vs. unsecured loans
When you’re in need of financial assistance, loans can be a valuable resource. However, before you borrow, it’s essential to
Compare caravan loans
- Check your eligibility from a range of loan providers
- Apply today and borrow between £1,000 and £50,000
Why compare caravan loans
Find out which loans you are eligible for without harming your credit score and apply online.
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You can then apply online and your application will be processed directly by the loan provider.
What is a caravan loan?
A caravan loan is typically a personal loan used to buy a caravan, campervan, or motorhome. Most are unsecured loans, meaning they aren’t tied to the vehicle or any other asset. You repay the loan in fixed monthly instalments over an agreed term, usually between 1 and 7 years.
Whether you’re purchasing a new touring caravan, a used camper, or making upgrades to an existing van, a personal loan can help you spread the cost over time.
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What can I use a caravan loan for?
You can use a personal loan to fund a wide range of caravan-related costs:
Buying a new or used caravan, campervan or motorhome
Upgrading or converting an existing vehicle
Paying for equipment or interior fit-outs
Covering the initial purchase deposit
Servicing, repairs or road-readiness costs
Loan funds must be used for personal purposes — not commercial travel or business use.
What to consider before applying for a caravan loan
Total repayment cost
Lower monthly payments might feel more affordable, but a longer loan term could mean you pay more in interest overall.
Affordability
Only borrow what you can comfortably afford to repay, both now and in the future.
Early repayment fees
Some lenders charge for settling early. Always check the terms.
Your overall finances
Consider other borrowing or expenses you already have. Don’t overstretch your budget.
Hit the road with a caravan loan
Ready to explore the open road with the freedom of your own caravan or motorhome? A caravan loan could help you finance your next adventure, with manageable monthly repayments and no need to wait.
At MoneySpider, we make it easy to compare loans that fit your budget and lifestyle.
Making the most of your caravan purchase
Buying a caravan is an investment in your lifestyle. When you’re dreaming of weekend escapes or longer-term travel, it’s important to choose a finance option that suits your long-term plans.
Before applying, think about the total cost of ownership. This includes the purchase price, but also insurance, storage fees, maintenance, and site costs. Some dealers may offer in-house finance, but it’s worth comparing wider market options to see if you could get a better rate or more flexible terms.
FAQ
Need more help?
How much can I borrow for a caravan loan?
Most personal loans range from £1,000 to £50,000, depending on your credit profile and affordability.
Can I get a caravan loan with bad credit?
Some lenders may still offer you a loan, but the interest rates could be higher and options more limited.
Will I own the caravan outright?
Yes. With a personal loan, you’ll receive the funds and purchase the caravan yourself. The lender has no claim over the vehicle.
How quickly can I get the money?
Many lenders pay out within 1-2 working days after approval, but this varies.
Do I need to pay a deposit?
Not necessarily. Some people use a loan for the full cost, while others combine it with savings or part exchange.
Helpful guides & articles
How to choose the right type of loan
Choosing the right type of loan is a critical financial decision that can significantly impact your financial well-being.
Getting a loan when you have a poor credit rating
Getting a loan when you have a poor credit rating can be a challenge, but all is not lost –
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured against it.
