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Caravan Commercial Hire Purchase Repayment Calculator

Caravan Commercial Hire Purchase Finance Calculator

Our Caravan Commercial Hire Purchase Repayment Calculator will calculate the monthly installment repayments for a Caravan Commercial Hire Purchase loan based on a given interest rate, loan term and residual or balloon payment.

Simply enter the details below and click the [calculate] button in order to calculate the monthly Caravan CHP Loan repayment amount.

Note: To simulate a caravan loan without a residual or balloon payment, use our Caravan Loan Repayment Calculator.

Caravan CHP Details:

Remember to make allowance for stamp duty, registration, insurance or other costs to be included in the loan where applicable.
Enter whole numbers only please, no dots, commas etc.

The Residual (or Balloon) represents the amount due for repayment at the end of the Loan Term.

A large Residual will mean lower monthly payments but at a greater cost over the term.


% of Purchase Price
Select the number of years over which you would repay the loan.

A longer Loan Term will mean lower monthly repayments but at a higher cost overall.


The options below are indicative of what lenders currently offer.

Years
Select an interest rate for the calculator simulation.
The range of rates listed below are representative of those currently available.

Your actual rate can only be confirmed after you apply.


% per Annum
calculate
Caravan Commercial Hire Purchase Calculator

Important!

Caravan CHP Interest Rates differ from lender to lender and will depend on your individual circumstances (credit history, employment status, age, etc.). To find out if you qualify ... and for a free, personalised interest rate and repayment quote, please CLICK HERE

Caravan CHP Amortisation Calculator

The following amortisation graphs detail month-by-month data on the progress of the proposed loan. The first chart below examines the reducing loan balance over the course of the finance contract term. The second graph illustrates the portion of each monthly repayment allocated to payment of interest vs principal reduction.

Caravan Commercial Hire Purchase CalculatorCaravan Commercial Hire Purchase Calculator

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Commercial Caravan Hire Purchase Balloon

The balloon payment is the final payment on the Commercial Caravan Hire Purchase contract and, when paid, the title of the caravan passes to you.

A Caravan CHP Loan balloon payment can usually be as high as 50% or as low as 0% of the loan amount. The bigger the balloon, the lower the monthly instalments.

When selecting a balloon payment for a Caravan Commercial Hire Purchase, you should avoid setting it higher than the anticipated resale value of the Caravan at the end of the loan term.

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