Important disclosure

Caravan Finance Interest Rate Calculator

Caravan finance loans can help you purchase your next caravan. That family trip you have been planning for years is just a loan decision away.

Our loan calculator can help you narrow down your loan options among South African lenders. All you have to do is input the loan amount and adjust the loan term to your liking then click calculate to get an idea of what your monthly payment will be like.

Calculate repayments

Personal Loan - Excellent Credit

12 months
to 72 months
to R250,000
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

Personal Loan - Average Credit

12 months
to 72 months
to R250,000
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

MFC Vehicle Finance

12 months
to 96 months
to R300,000
Whether you're buying a through an MFC approved dealer or privately, MFC can assist; for cars up to 10 years old or in some cases classic cars. Apply through Fincheck to be matched with the right vehicle finance provide for you.

RCS Vehicle Finance

12 months
to 60 months
to R150,000
RCS are second-hand car finance specialists. Interest rates from prime* over 72 months. Apply through Fincheck to be matched with the right vehicle finance provide for you.

Standard Bank -Financial lease

Standard Bank of South Africa
12 months
to 84 months
to R200,000
Lease the vehicle you want, over an agreed period, with the option of owning it at the end of your financial lease. Apply through Fincheck to be matched with the right vehicle finance provide for you.

Wesbank Vehicle Finance

12 months
to 96 months
to R300,000
Wesbank provide a range of value-added services that make it that much easier to own, drive and personalise your vehicle. Apply through Fincheck to be matched with the right vehicle finance provide for you.
What Dealership Finance offers: A tailor-made vehicle finance solution. Choice of fixed or variable rate. A reasonable balloon payment or residual value to match your agreement choice. What this allows you to do: Buy a vehicle from a dealership. Buy a vehicle up to 10 years old. Finance a vehicle for at least R30 000 after deposit.
Get a principal decision within 24 hours if all necessary documents have been provided.
Experience the joy of owning your car while you are paying it off with our flexible instalment sale agreement. Own the vehicle while you are paying it off. Reduce your monthly payments by choosing a balloon payment or by paying a deposit. Choose a monthly repayment from 24 - 72 months. Fixed or variable interest rates available
Finance your new or used leisure vehicle such as classic car, motorbike, boat or caravan. Finance to buy a leisure vehicle from a dealership. You have a choice of Fixed or Variable interest rates. Courtesy Car Policy: Pays for the use of a courtesy car for up to 21 days if your car is stolen, written off or damaged. The interest rate is tailor made to suit you. Within 30 minutes you'll get an answer on the outcome of your application.

Albaraka Bank Vehicle Finance

Albaraka Bank
12 months
to 72 months
to R250,000
Low deposit requirement. No monthly admin fees. Competitive pricing. Annual lump sum option available. Option of fixed or variable repayments. Up to 72 months. provides factual information in relation to financial products. While attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

Find the right holiday style with caravan finance in South Africa

A caravan is big enough for some family fun which includes road trips where you can explore the beautiful and wild scenery of South Africa. If you’re short on funds, many banks offer vehicle finance, and personal loans to help you achieve this mobile lifestyle.

Dig deeper into our guide to find out more about this option. Here are the main things you’ll read about:

  • How caravan loans work
  • Their key features
  • The best way to compare caravan loans
  • How to apply for caravan finance online

How does caravan finance work?

The process of getting caravan finance in South Africa can be summarised as follows:

  1. You shop around for the caravan you want. You can either get it from a caravan dealership, a private seller, or an auction.
  2. Once you know how much the caravan costs, next you find out which lenders can help you. For example, our comparison tables feature popular South African lenders to choose from.
  3. After comparing loans and choosing your lender, go ahead and start the caravan finance online application process. Just click the “Go to Site” button while you’re on this page and you’ll be directed to the correct website.
  4. If your information and documents are in order, your application will be approved, and you’ll have to sign a loan agreement.
  5. Once the caravan has been paid for, you can start using either occasional holidays or weekend trips. At the same time, you’ll be paying back the loan in monthly instalments. Once the loan is paid off, you become the owner of the caravan.

Main features of caravan loans

Looking at the key features of caravan loans can also help you better understand how they work:

  • Loan amount: Typically, you can borrow from R10 000 up to R300 000. How much you borrow depends on your income and credit score.
  • Loan terms: You can borrow for up to 7 years which gives you the flexibility to choose a loan repayment plan that is right for your budget.
  • Deposit: You can always get a 100% caravan loan, but you can also put up a deposit. This is a lump sum of money (usually from your savings) that you pay upfront. It reduces the amount you have to borrow and therefore saves you on interest. Usually, the deposit ranges from 10% to a maximum of 20% of the value of the caravan.
  • Balloon payment: This is also a lump sum of money that you have to pay, but unlike a deposit, you pay it at the end of your loan agreement. This ensures your monthly payments are affordable.
  • Pre-approval: If you get pre-approved for a caravan loan, it means you receive the loan before you go shopping for the caravan. This allows you to work with an already established budget. Also, if you’re buying from a dealer, it gives you some negotiating power.
  • Purchase agreement: If you can’t get a pre-approval, you’ll need a purchase agreement from your seller first before you can get the loan approved.
  • Type of caravan: Most lenders offer both new and second hand caravan finance.
  • Buying the caravan: You can also apply for caravan dealership finance or caravan private seller finance.

How to choose the best caravan loan for your budget

Choosing the best caravan loan involves comparing many lenders and their various loan offers. It helps to consider the following factors:

  • Loan amount and loan term – Check the minimum and maximum loan amount and term for each lender to ensure they’re flexible enough for your needs.
  • Interest rate – You can choose a fixed rate or a variable rate. Either way, try to choose a loan with the lowest interest rate. If your credit score is excellent, it’s easier to negotiate for a lower interest rate. Moreover, be mindful that the more applications you make, the more your credit score may suffer as a result.
  • Other charges and fees – Some costs that include monthly service fees and an initiation fee can make your loan expensive. The lower the overall cost of the caravan loan, the better.
  • Qualification requirements – Find out what is needed for you to qualify for each loan and if you can meet the requirements.
  • Other features of the loan – Check for loans with more advantages. For example, a loan where you can make early repayments at no extra cost might be better for you.

Caravan finance requirements

  • Minimum 18 years;
  • Have a valid South African ID;
  • A regular monthly income (usually above R6000);
  • Proof of your income (the latest payslips and bank statements for the last 3 months);
  • Have a valid South African or International Driver’s licence;
  • A clean credit record; and
  • Proof of residence (the latest council or utility bill).
  • If you’re applying for second hand caravan finance, some lenders limit the age of the caravan. The caravan should also not be stolen, recovered, or rebuilt.

Find your monthly payments with our caravan finance calculator before you apply

This caravan finance calculator is an excellent tool. Before you take out a loan, it helps you to calculate the amount needed per month as you pay back your loan. This monthly repayment depends on the amount you want to borrow and the length of time you need to finish paying off the loan. Here’s a simple 3-step process to help you get started:

  1. Use the first sliding tool to input the loan amount.
  2. Use the second sliding tool to input the loan term.
  3. Click “Calculate Repayment” to get your result. This result appears in the comparison tables above for each lender, so you can easily compare loan offers.

How do you apply for caravan car finance online in South Africa?

Making an online application for your caravan loan is easy and saves you time. Start by using the caravan finance calculator and comparing the different lenders featured in our comparison tables above. Once you have made your choice click “Go to Site” for the caravan loan provider you want. This link leads you to the lender’s website where you can fill in and submit an online application form. If you’re approved, you’ll have to sign a loan contract after which you can collect your caravan or have it delivered.

What happens if you fail to repay your caravan loan?

A caravan loan is a type of vehicle loan, and these are usually secured. That means the caravan you’re buying is used as security for the loan. If the lender can’t recover the loan from you, they’ll claim the caravan instead. To avoid losing your caravan, here are a few tips to help you choose an affordable loan that is easy to repay:

  • Use our caravan finance calculator to choose a monthly repayment amount that works for your budget;
  • Consider opting for a balloon payment to get affordable monthly repayments. You can also refinance the balloon payment, so you pay it in monthly instalments.
  • Shop around for a suitable caravan in your price range. If a new caravan is too expensive, consider buying a good second hand at a lower price.

Popular vehicle finance searches