Caravan, Campervan & Motorhome Loans

Applying for a caravan and camper loan is quick and easy, so you can start your adventures sooner.

• Step One: Check your eligibility

Always make sure that you’re eligible to borrow from us before you start your online application. You must be aged 21 or over, be a permanent UK resident (and have been living in the UK for at least 3 years), be in permanent paid employment, self-employed or retired with a pension, have an income greater than £10,000, have a bank or building society and have a good credit history.

You should also not make additional applications within quick succession of each other as this could impact your likelihood of acceptance (please contact our Loans team on 0343 351 9112 if you have an existing loan application that no longer meets your requirements).

• Step Two: Use our caravan and motorhome loan calculator

You can use our online loan calculator to check how much you could afford to borrow and what length of term works best for you.

• Step Three: Get ready to apply

We’ll ask for your employment details, annual income, bank details and address history from the last three years. Why not have the information to hand to make the application process even speedier?

• Step Four: Apply online

Our online application form takes less than ten minutes to complete. Get an instant decision, with the money usually deposited into your account within two working days if accepted.

Yes, a personal loan can be a great way to pay for campervan conversion costs. Converting a van can be an expensive venture. In fact, according to Camplify, the average cost of a van conversion ranges from £500-£40,000 depending on the initial cost of the vehicle and how much of the work you can carry out yourself.

You may decide to fund the full conversion with a personal loan, or perhaps you just need a top-up to get your project finished. A loan allows you to be completely flexible. Simply apply for the money you need when you need it (if accepted, once you’ve signed the credit agreement the funds could be yours in just a few working days). This could be ideal if you’re halfway through a project and need to boost your budget to achieve your goals.

You might also find a personal loan gives you the freedom you need to make modifications to a vehicle – something that simply wouldn’t be possible with other finance products (such as Hire Purchase or Personal Contract Purchase). As our personal loans are unsecured, you won’t need to put up your van as collateral. This means you own the vehicle outright and can make almost any changes to it.

You won’t need to choose your static or touring caravan, campervan or motorhome before getting a personal loan.

That’s because, when you take out a caravan loan, it’s up to you how you choose to spend the money you borrow. You could get a loan for the full amount or use it to top-up your budget, allowing you to get your hands on your dream model.

Before applying for a loan, it’s always a good idea to shop around and understand what type of caravan you’d like to buy — and how much you expect it to cost. This will help to ensure you apply for a suitable amount.

Borrow too much, and you could be left paying interest on money you don’t need but borrow too little and you could find yourself struggling to find a caravan or motorhome within budget. Always do your research to make sure you’re applying for the right loan amount. For more information, take a look at our blog on how much you can borrow with a personal loan.

The price of your caravan will depend on whether you opt for a static or touring model.

Expect to pay between £10,000 to over £30,000 for a touring caravan (depending on if you choose a pre-owned or brand-new model). A static caravan will cost anywhere from £30,000 to upwards of £100,000 depending on the level of luxury required.

So how much do campervans cost? Again, you could be faced with a huge price variation depending on whether you opt for a new or second-hand model. The size of the campervan, brand and additional features can all contribute to a higher price point too. A used motorhome could cost as little as £10,000 whereas a top-of-the-range campervan could cost up to £100,000.

You’ll also need to consider pitch fees, electricity and gas, insurance, maintenance costs and caravan accessories for all caravans and motorhomes.

No — unlike some types of HP or PCP agreement, you won’t to put down a deposit when you take out a personal loan to help fund the dream of owning your very own touring or static caravan. Simply apply for the full price of the vehicle so you can purchase it outright (before paying the loan back over fixed-rate monthly instalments).

If you’re looking to purchase a high-end static caravan but need to find a deposit before you can take out a HP or PCP agreement, a personal loan could be a suitable option to get the cash you need for a deposit too. However, do be mindful that taking out a loan could impact your debt-to-income ratio, which could affect how much you might be able to borrow on top of your existing debt.

You have several options when it comes to funding your caravan or motorhome:

• Buy outright

If you have the money already in the bank, you could use it to buy your caravan directly which will save you paying interest costs.

• Unsecured personal loan

Receive the agreed sum of money upfront and pay a fixed amount (including interest) back each month. An unsecured loan doesn’t require you to put up any form of collateral, such as your home, car, or static caravan — it’s based entirely on your personal circumstances, credit history, loan amount and term. Find out more about the difference between unsecured and secured loans here.

• Secured loan

A secured loan works in a similar way to an unsecured loan, except you must pledge a valuable asset such as your caravan against the loan. This means, if you default on your repayments, your lender can repossess your campervan or motorhome.

• Hire purchase (HP) or personal contract purchase (PCP)

These finance plans work as they do with a car. You’ll spread the cost of your caravan over a fixed amount of time, essentially hiring your caravan. At the end of the lease period, you’ll either own the caravan outright (HP) or need to make a one-off balloon payment to fully purchase it (PCP).

Mortgage products are different to loans and might not be suitable for all caravan types. Mortgages are a type of secured loan that can only be used to buy a property, with said property given as security. This means if you fail to make repayments, your lender has the right to potentially sell the property to clear your outstanding balance. As many caravans — including static caravans — are classed as chattel and rarely built on a plot that’s registered with the UK Land Registry, you may not be able to secure a mortgage on it.

The more popular alternative is a caravan loan, which is a type of unsecured personal loan. It enables you to borrow between £1,000 and £35,000 for your caravan and pay it back in fixed-rate monthly instalments.

Like a mortgage, a personal loan requires you to pay back the money borrowed each month. However, unlike some mortgage products, our personal loans are always fixed rate so you’ll pay the same amount back every month until your loan has been fully repaid. This could help you to better manage your outgoings.