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The best weekends don’t come with a bank queue attached. Whether you’re chasing open water, outback highways or coastal campsites, Thor Finance connects you with competitive leisure loan rates from over 45 lenders.
A leisure loan is a type of finance specifically designed for recreational assets such as caravans, boats, jet skis, motorhomes, horse floats and similar vehicles. In most cases, the asset itself is used as security (collateral) for the loan, making it a form of secured finance.
Because the lender holds security over the asset, secured leisure loans typically offer lower interest rates compared to unsecured personal loans. This means you can spread the cost of your purchase over a manageable repayment term while keeping more money in your pocket for the adventures ahead.
Loan terms, deposit requirements and approval criteria vary between lenders. That is where Thor Finance comes in. We compare options across our network of 45+ lenders to find a leisure loan that fits your budget and your plans.
Leisure loans cover a wide range of recreational assets. Below is an overview of the most popular categories we help Australians finance every day.
Caravans remain one of Australia’s most popular leisure purchases, and for good reason. From compact pop-tops to full-size touring caravans, there is a rig for every travel style and budget. Secured caravan finance allows you to spread the cost over terms that suit your cash flow, whether you are buying brand new from a dealership or picking up a well-maintained used van.
Camper trailers and hybrid campers also qualify for leisure finance. If you are planning your first big lap or simply want a weekend escape, we can help you compare caravan loan options across 45+ lenders.
From aluminium tinnies and fishing boats to ski boats, pontoons and cruisers, boat finance helps you get on the water sooner. Secured boat loans use the vessel as collateral, which can result in more favourable rates and flexible terms compared to an unsecured personal loan.
Whether you are buying your first runabout or upgrading to a larger vessel, Thor Finance compares boat loan options from across our lender panel. We handle new and used boats, so you can focus on choosing the right hull rather than chasing paperwork.
Jet skis (also known as personal watercraft) are one of the most accessible ways to enjoy time on the water. Financing a jet ski through a secured loan means you can ride this season rather than saving for the next one.
We arrange finance for new and used jet skis from brands including Yamaha, Sea-Doo and Kawasaki. In many cases, you can also bundle the cost of a trailer and essential accessories into your loan.
Transporting horses safely requires a quality float, and quality floats are a significant investment. Horse float finance allows you to secure the right float for your needs without draining your savings or compromising on safety features.
We finance both new and used horse floats, including bumper pull and gooseneck configurations. Our lender network includes options suited to equestrian owners, breeders and rural operators who may have seasonal or variable income.
Motorhomes and recreational vehicles offer the freedom to travel at your own pace with all the comforts of home on board. Given the higher purchase price of most motorhomes, finance is a practical way to access the lifestyle without a large upfront outlay.
Thor Finance compares motorhome loan options across our panel of 45+ lenders. Whether you are looking at a compact campervan or a full-size motorhome, we can help you find competitive rates and terms that work for your budget.
Motorcycles, dirt bikes and all-terrain vehicles (ATVs) fall under the leisure loan umbrella when purchased for recreational use. Secured motorcycle finance uses the bike as collateral, which can translate to lower rates and more flexible terms.
From road-registered cruisers to weekend trail bikes, we compare finance options so you can ride sooner.
We compare rates and terms from over 45 lenders, so you are not limited to what a single bank offers.
Many applications receive approval within the same business day, so you can move quickly when you find the right asset.
Our initial enquiry does not affect your credit score, so you can explore your options with confidence.
By using the asset as security, you may access lower rates than unsecured personal loan alternatives.
Your dedicated broker works with you from initial enquiry through to settlement, making the process straightforward.
Leisure loan rates depend on several factors, and understanding these can help you set realistic expectations before you apply.
Secured vs unsecured. Secured leisure loans (where the asset is used as collateral) typically offer lower interest rates than unsecured alternatives. This is because the lender’s risk is reduced when the loan is backed by an asset.
Fixed vs variable. A fixed rate locks in your repayment amount for the life of the loan, making budgeting straightforward. A variable rate may start lower but can fluctuate over time. Your broker can help you weigh the pros and cons of each option.
The key factors that influence your leisure loan rate include:
Because we compare options from 45+ lenders, we can present you with a range of rates and structures so you can choose the one that best fits your situation.
Getting finance through Thor Finance is straightforward. Here is the process from start to finish:
Tell us about the leisure asset you want to finance, your budget and any preferences around loan terms or repayment structure.
We will let you know exactly what is needed. This typically includes identification, proof of income and details of the asset you are purchasing.
We compare your application across our lender network and present you with suitable options. Many applications receive same-day approval.
Once you have chosen your preferred option, we handle the paperwork and settlement so you can focus on enjoying your new asset.
Thor Finance arranges loans for both new and used leisure assets. Buying new comes with the benefit of manufacturer warranties, the latest features and (in many cases) access to the most competitive rates. However, buying used can be an excellent way to enter the market at a lower price point.
When financing a used asset, lenders may apply different criteria. The age and condition of the asset can influence the available loan terms and rates. Some lenders set maximum age limits for used assets, while others are more flexible. Your Thor Finance broker will guide you through the options available for your specific purchase.
A leisure loan is a type of finance used to purchase recreational assets such as caravans, boats, jet skis, motorhomes, horse floats and motorcycles. Most leisure loans are secured against the asset being purchased, which can result in lower interest rates compared to unsecured personal loans.
Through Thor Finance, you can finance a wide range of recreational assets including caravans, camper trailers, boats, jet skis, motorhomes, horse floats, motorcycles and ATVs. Both new and used assets are eligible.
Deposit requirements vary between lenders. Some lenders offer no-deposit options for eligible borrowers, while others may require a percentage of the purchase price. A larger deposit can improve your chances of approval and may result in a more favourable rate.
Yes. Thor Finance arranges finance for both new and used leisure assets. Lenders may apply different terms for used assets depending on the age, condition and value of the item. Your broker will identify lenders that suit your specific purchase.
Loan terms for leisure assets typically range from one to seven years, though this varies by lender and asset type. Shorter terms mean higher repayments but less interest paid overall, while longer terms reduce your regular repayment amount.
Most lenders require comprehensive insurance on the asset for the duration of the loan. This protects both you and the lender in the event of damage, theft or loss. Your broker can advise on the specific insurance requirements for your loan.
Our initial enquiry does not impact your credit score. A formal credit check is only conducted once you decide to proceed with a specific lender, and this will be disclosed to you beforehand.
Having a less-than-perfect credit history does not automatically disqualify you. Our network of 45+ lenders includes options for a range of credit profiles. We will work with you to identify lenders that are most likely to approve your application based on your individual circumstances.
Credit Representative Disclosure
Thor Finance ABN 31 629 922 589 is an Authorised Credit Representative #557246 of AFAS Group PTY LTD, Australian Credit Licence #414426.
Email us to let us know how we can help you with your business’ Loan requirements.
Thor Finance
ABN 31 629 922 589
Contact us to see how we can help you with your finance requirements
Thor Finance ABN 31 629 922 589 is an Authorised Credit Representative
#557246 of AFAS Group PTY LTD, Australian Credit Licence #414426.