Tips for buying your first caravan
The ins and outs of caravans, camper trailers and towing vehicles.
Why choose RAC for your caravan loan?
Here’s just a few of the benefits
Competitive interest rates from 7.80% p.a. (Comparison rate 8.30% p.a.)
Know what your repayments will be with a fixed interest rate.
Sign your loan contract easily online
Quick, easy digital signing option.
No ongoing fees
We won’t charge you any monthly fees on your loan.
Quick turnaround
Get your loan pre-approved in 7 working hours1 and receive the money fast.
Local service
Friendly service from a local, WA member organisation.
Easy to apply
Complete an online quote and apply online, call 13 17 03 or apply in person at one of our Member Service Centres.
Get a quote & apply
Calculate your repayments and apply for a loan
Fixed interest rates from only 7.80% p.a.
Comparison rate 8.30% p.a.
| Loan amount | Interest rates | Comparison rate2 |
|---|---|---|
| Secured loans | ||
| $8,000 - $29,999 | 12.25% p.a. | 12.77% p.a. |
| $30,000 - $49,999 | 11.05% p.a. | 11.57% p.a. |
| $50,000 - $64,999 | 8.85% p.a. | 9.36% p.a. |
| $65,000 and over | 7.80% p.a. | 8.30% p.a. |
| Unsecured loans | ||
| All unsecured loans | 16.50% p.a. | 17.03% p.a. |
There are no monthly account-keeping fees with RAC Finance. A one-off establishment fee of $3491 plus an $8.00 Personal Properties Securities Registration (PPSR) fee may apply. An early termination fee of $400 may apply if a loan is paid out in the first 24 months.
Frequently Asked Questions
What is the criteria for applying for an RAC Finance car or personal loan?
Applicants need to be:
- Over 18 years of age
- Be receiving an income
- Hold a valid Australian driver's licence or learner's permit
- Security must be registered in WA at time of loan settlement
- You're an Australian Citizen or permanent resident and reside in WA
- Free from bankruptcy for 7 years
What is RAC Finance's loan approval time?
Once you submit your loan application, RAC Finance will be in contact within 7 working hours*.
Can I sign my RAC Finance loan contract electronically?
Yes. Docusign is an online platform that allows you to receive, accept and sign your documents with RAC Finance online. This means it's easier for you to accept your loan contract and speed up the time to process your loan.
How long until I get my money and how will I receive it?
Once we receive your signed loan documents and the loan has settled, your funds can be received.
- Funds via EFT or BPAY will arrive in the following 24 – 48 hours (time frames may vary depending on your bank)
What fees will I have to pay?
There are no monthly account-keeping fees with RAC Finance. A one-off establishment fee of $349^ plus an $8.00 Personal Properties Securities Registration (PPSR) fee may apply. An early termination fee of $400 may apply if a loan is paid out in the first 24 months.
What happens if my caravan isn't going to be ready for a few months?
Your RAC Finance caravan loan application is valid for 60 days. If your loan application doesn't settle within this time frame, a new loan application will need to be submitted and will be subject to RAC Finance lending criteria. Please contact RAC Finance on 1300 736 290 for more information.
What happens if the dealership requires a deposit for my caravan upfront?
RAC Finance will only fund the caravan purchase once your signed loan documents have been received and your caravan loan has settled. Please contact RAC Finance on 1300 736 290 to discuss your personal circumstances further.
What happens if I am purchasing a caravan from interstate?
The caravan will need to be registered in WA prior to RAC Finance funding the caravan purchase. Please contact RAC Finance on 1300 736 290 to discuss your personal circumstances further.
RAC members save more
As a member you get access to great discounts & offers
1 Applications subject to RAC Finance Limited lending criteria. Fees and charges are payable. If the conditions of your loan have been met, the loan contract will be available for electronic signing the following business day and the funds will be processed by BPAY or EFT – 24-48 hours from settlement. Time frames may vary depending on your bank. Terms and conditions apply. Australian Credit Licence 387972. View useful RAC Finance documents regarding your loan.
2 The comparison rates are based on a $30,000 personal secured loan for a five year term. Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts will result in different comparison rates.
This information may be regarded as general advice. That is, your personal objectives, needs or financial situation were not taken into account when preparing this information. Accordingly, you should consider its appropriateness, having regard to your own objectives, financial situation and needs before acting on it.
