Chief Commercial Officer Marie Mortimer said that asset-finance brokers have been asking for a stronger-value caravan finance option they can confidently recommend.
“Brokers tell us they’re seeing more customers looking for lifestyle finance, but the options available - especially in caravan lending - have been limited,” Ms Mortimer said.
“Our secured caravan loan gives brokers a genuinely-competitive product they can use to keep this business in-house, with a simple, good value loan. It’s a practical way to broaden their offering and meet more of a customer’s financial needs throughout their life.”
Ms Mortimer said the new product supports brokers by creating more touchpoints with their customers beyond the traditional lending cycle.
“When a broker can help a customer with a variety of products including a caravan loan, it strengthens that relationship for years to come. It gives brokers another opportunity to add value, stay connected, and build loyalty,” she said.
The Firstmac Caravan Loan offers:
- Fixed rates from 7.14% p.a
- Variable rates from 6.59% p.a
The loan is available to homeowners purchasing or refinancing new or used caravans. Borrowers can choose from fixed or variable rates, with loan terms of three to seven years.
While the broker benefits are significant, the product also delivers clear value for borrowers. Firstmac’s secured loan provides customers with a more affordable pathway into caravanning.
Ms Mortimer said caravanning continues to grow as Australians seek cost-effective holiday options.
“With property prices so high, owning a holiday house is out of reach for many families - but a caravan offers freedom, flexibility and a much lower entry cost,” she said. “It’s effectively a holiday home you can take anywhere.”
Caravanning data continues to highlight this trend. In the year to December 2024 (latest data), Australians took 15.2 million caravan and camping trips, spending $14 billion and generating 57.1 million nights away, the majority in regional areas. Registrations of caravans and campervans have surpassed 901,000 nationally, a 27% increase since 2019.
For brokers, the new loan brings a high-demand, high-engagement product into their portfolio - helping them diversify income, strengthen retention, and position themselves as full-service advisers across property and lifestyle finance.
About Firstmac
Brisbane-based Firstmac Limited is an independently-owned Australian financial services provider with more than 47 years’ experience in home lending. It has written over 210,000 home loans and currently manages $22 billion in residential mortgages. Firstmac also has a $1 billion auto finance portfolio and is a premier sponsor of the Brisbane Broncos.