Find and compare motorhome personal loans

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36 months

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1 year to 7 years

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Advertised Rate



Comparison Rate*


Monthly repayment


36 months

Loan term

1 year to 7 years

Total repayments
Real Time Rating™


/ 5
Go to site
More details


based on $20,000 loan amount for 3 years at 6.47%

Real Time Rating™


/ 5
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Learn more about personal loans

Travelling around Australia by motorhome is one of those experiences you’ll never forget.

The beauty of a motorhome is that it gives you freedom - whether you want to drive the Sydney Harbour Bridge, Great Ocean Road and Nullarbor Plain, or stop off at Uluru, the Great Barrier Reef and the Flinders Ranges.

Unfortunately, motorhomes can be expensive, which is why some people take out loans so they can finance one. Sometimes these motorhome loans are classified as ‘personal loans’; on other occasions, these loans are classified as ‘car loans’. Either way, there are a lot of Australian lenders that are willing to provide motorhome loans.

How do I get motorhome finance?

The first thing to do if you want a personal loan for motorhome finance is to visit a comparison site like RateCity. This will allow you to search for products from dozens of different Australian lenders.

All that choice can be a double-edged sword. With so many options, who do you turn to for motorhome finance?

That’s where filtering comes in. Once you enter your preferences, the comparison site will eliminate all unsuitable options. Here are some ways you can filter motorhome loans:

  • Loan amount - how much do you want to borrow?
  • Loan term - how long will you take to pay off the motorhome loan?
  • Employment type - are you full-time, part-time, casual, self-employed or unemployed?
  • Annual income - how much money do you make per year?
  • Loan purpose - do you want to buy a new motorhome or an old motorhome?
  • Credit score - is it excellent, very good, good, average or below average?

The next step is to decide how you want your motorhome finance options to be displayed. Do you want them to be ranked from the lowest advertised interest rate to the highest? Or would you prefer them to be ranked from the lowest comparison rate to the highest?

Either way, you’ll now be able to get a rough idea of what your monthly repayments would be for each motorhome loan option. Please note that this would be an approximation, because the numbers could change based on your specific circumstance.


What do I need to know about motorhome finance?

Here are five other things to consider when researching personal loans for motorhome finance:

  1. Fees - What fees are charged by your motorhome loan? Possible fees include upfront fees, ongoing fees, early exit penalty fees, redraw fees and missed payment penalty fees.
  2. Security - Are you going to put up your motorhome as a form of security (also known as collateral)? Lenders often charge lower interest rates for secured personal loans than unsecured personal loans, because they seem less risky.
  3. Loan type - Do you want your motorhome loan to be variable or fixed? If it’s variable, the interest rate would fluctuate during the course of the loan - which would be great if it went down, but bad if it went up. If it’s fixed, the interest rate would remain unchanged during the course of the loan - which would be great if market rates moved up, but bad if they moved down.
  4. Extra repayments - Do you want to be able to make extra repayments? This would allow you to get ahead on your personal loan and potentially pay off your motorhome ahead of schedule.
  5. Redraw - Do you want a redraw facility? This would allow you to ‘reborrow’ any repayments that you’d made ahead of schedule.


How to research motorhome finance repayments

While you’re researching personal loans for motorhome finance, you might want to use a personal loans calculator to crunch numbers.

The great thing about a personal loans calculator is that it allows you to estimate how much you’d have to repay both per month and over the life of the loan. How? By allowing you to change several variables. They include:

  • Loan size
  • Loan term
  • Interest rate

For example, here are five different repayment scenarios:

Loan size Loan term Interest rate Monthly repayment Total repayment
$30,000 5 years 9% $623 $37,365
$30,000 4 years 9% $747 $35,834
$30,000 3 years 9% $954 $34,344
$30,000 5 years 7% $594 $35,642
$30,000 5 years 11% $652 $39,136

Frequently asked questions

Should I get a fixed or variable personal loan?

Fixed personal loans keep your interest rate the same for the full loan term, while interest rates on variable personal loans may be raised or lowered during your loan term.

A fixed rate personal loan keeps your repayments consistent, which can help keep your budgeting consistent. You won't have to worry about higher repayments if your rates were to rise. However, on a fixed loan you’ll also potentially miss out on more affordable repayments if variable rates were to fall.

What is the average interest rate on personal loans for single parents?

Like other types of personal loans, the average interest rate for personal loans for single parents changes regularly, as lenders add, remove, and vary their loan offers. The interest rate you’ll receive may depend on a range of different factors, including your loan amount, loan term, security, income, and credit score.

Can you refinance a $5000 personal loan?

Much like home loans, many personal loans can be refinanced. This is where you replace your current personal loan with another personal loan, often from another lender and at a lower interest rate. Switching personal loans may let you enjoy more affordable repayments, or useful features and benefits.

If you have a $5000 personal loan as well as other debts, you may be able to use a debt consolidations personal loan to combine these debts into one, potentially saving you money and simplifying your repayments.

What is a bad credit personal loan?

A bad credit personal loan is a personal loan designed for somebody with a bad credit history. This type of personal loan has higher interest rates than regular personal loans as well as higher fees.

How much can you borrow with a bad credit personal loan?

Borrowers who take out bad credit personal loans don’t just pay higher interest rates than on regular personal loans, they also get loaned less money. Each lender has its own policies and loan limits, but you’ll find it hard to get approved for a bad credit personal loan above $50,000.

Can I repay a $3000 personal loan early?

If you receive a financial windfall (e.g. tax refund, inheritance, bonus), using some of this money to make extra repayments onto your personal loan or medium amount loan could help reduce the total interest you’re charged on your loan, or help clear your debt ahead of schedule.

Check your loan’s terms and conditions before paying extra onto your loan, as some lenders charge fees for making extra repayments, or early exit fees for clearing your debt ahead of the agreed term.

What is a personal loan?

A personal loan sits somewhere between a home loan and a credit card loan. Unlike with a credit card, you need to sign a formal contract to access a personal loan. However, the process is easier and faster than taking out a mortgage.

Loan sizes typically range from several hundred dollars to tens of thousands of dollars, while loan terms usually run from one to five years. Personal loans are generally used to consolidate debts, pay emergency bills or fund one-off expenses like holidays.

Do student personal loans require security?

While some personal loans can be secured by the value of an asset, such as a car or equity in a property, student personal loans are often unsecured, which typically have higher interest rates.

Some lenders also offer guarantor personal loans to students. These loans have lower interest rates, as a guarantor (usually a relative of the borrower with good credit) will fully or partially guarantee the loan, taking on the financial responsibility if the borrower defaults.

How can I get a $3000 loan approved?

Responsible lenders don’t have guaranteed approval for personal loans and medium amount loans, as the lender will want to check that you can afford the loan repayments on your current income without ending up in financial hardship.

Having a good credit score can increase the likelihood of your personal loan application being approved. Bad credit borrowers who opt for a medium amount loan with no credit checks may need to prove they can afford the repayments on their current income. Centrelink payments may not count, so you should check with the lender prior to making an application.

What is an unsecured bad credit personal loan?

A bad credit personal loan is ‘unsecured’ when the borrower doesn’t offer up an asset, such as a car or jewellery, as collateral or security. Lenders generally charge higher interest rates on unsecured loans than secured loans.

What do single parents need for a personal loan application?

Much like applying for other personal loans, applying for personal loans for single parents will likely require the following:

  • Proof of identity
  • Proof of residence
  • Proof of income
  • Details of assets (e.g. car, home)
  • Details of liabilities (e.g. credit cards, other loans)
  • Loan amount
  • Loan term

What are the pros and cons of debt consolidation?

In some instances, debt consolidation can help borrowers reduce their repayments or simplify them. For example, someone might take out a $7,000 personal loan at an interest rate of 8 per cent so they can repay an existing $4,000 personal loan at 10 per cent and a $3,000 credit card loan at 20 per cent.

However, debt consolidation can backfire if the borrower spends the extra money instead of using it to repay the new loan.

How can I improve my credit rating/score?

Your credit score will improve if you demonstrate that you’ve become more credit-worthy. You can do that by minimising loan applications, clearing up defaults and paying bills on time.

Another tip is to get the one free credit report you’re entitled to each year – that way, you’ll be able to identify and fix any errors.

If you want to fix an error, the first thing you should do is speak with the credit reporting body, which may take care of the problem or contact credit providers on your behalf.

The next step would be to contact your credit provider. If that doesn’t work, you can refer the matter to the credit provider’s independent dispute resolution scheme, which would be the Australian Financial Complaints Authority (AFCA).

AFCA provides consumers and small businesses with fair, free and independent dispute resolution for financial complaints.

If that doesn’t work, your final options are to contact the Privacy Commissioner and then the Office of the Information Commissioner.

Can I get a personal loan if I receive Centrelink payments?

It is hard, but not impossible, to qualify for a personal loan if you receive Centrelink payments.

Some lenders won’t lend money to people who are on welfare. However, other lenders will simply consider Centrelink payments as another factor to weigh up when they assess a person’s capacity to repay a loan. You should check with any prospective lender about their criteria before making a personal loan application.

Can I get guaranteed approval for a bad credit personal loan?

Few, if any, lenders would be willing to give guaranteed approval for a bad credit personal loan. Borrowers with bad credit histories can have more complicated financial circumstances than other borrowers, so lenders will want time to study your application. 

It’s all about risk. When someone applies for a personal loan, the lender evaluates how likely that borrower would be to repay the money. Lenders are more willing to give personal loans to borrowers with good credit than bad credit because there’s a higher likelihood that the personal loan will be repaid. 

So a borrower with good credit is more likely to have a loan approved and to be approved faster, while a borrower with bad credit is less likely to have a loan approved and, if they are approved, may be approved slower.

Which lenders offer bad credit personal loans?

Several dozen lenders offer bad credit personal loans in Australia. These are generally smaller lenders that aren’t household names.

How are credit ratings/scores calculated?

Different credit reporting bodies may use different formulas to calculate credit scores. However, they use the same type of information: credit history and demographic profile.

They’re likely to look at how many credit applications you’ve made, which lender the applications were for, what purpose they were for, how much they were for and your repayment record. They’ll also look at your age and postcode. They’ll also look to see if you’ve had any bankruptcies or other relevant legal judgements against you.

Your score can change if your demographic profile changes or new information is added to your file (such as a new loan application) or existing information is removed from your file (i.e. because it has reached its expiry date).

What is bad credit?

A person is deemed to have ‘bad credit’ when they have a poor history of managing credit and repaying debts.

Can I get an easy/instant personal loan?

Some lenders are able to approve applications with little documentation and within minutes. However, there is a catch. People who take out easy/instant loans generally pay higher interest rates and are restricted to lower amounts than people who follow a traditional borrowing process.

How do I find out my credit rating/score?

You're entitled to one free credit report per year from credit reporting bodies like Equifax, Dun & Bradstreet, Experian and the Tasmanian Collection Service. You can also get a free report if you’ve been refused credit in the past 90 days.

Credit reporting bodies have up to 10 days to provide reports. If you want to access your report sooner, you’ll probably have to pay.