How does a Secured Caravan Loan work?
- Under a Secured Loan, the financier pays the dealer or private seller the money for you to buy a caravan or camper and the financier uses the goods for security until you pay the loan back in full.
- A secured loan can be run from 1 - 7 years and has a fixed interest rate so that you always know the minimum payments required. You can also finance the full amount so that you can keep your cash for a rainy day.
- Once the loan is paid in full, the financier lifts the security from the goods giving you full ownership of your caravan or camper.