Determine budget surplus
To finance a motorhome, you need a household surplus, i.e. free money, which remains after deducting all your costs per month. Keep in mind that you usually have to repay fixed monthly amounts to the bank over several years. With a household calculation you can determine your surplus.
Clarify financing needs
How expensive will your motorhome be? Is a smaller one enough or must there be room for the whole family? Should it be used or new? In order to clarify this question, it cannot hurt to get some offers in advance and to determine a rough amount of funding.
Compare loan terms
If you know how expensive your motorhome will be, you can compare the individual banks and their conditions with the help of a loan calculator. To do this, enter the financing amount, the purpose of use and the planned term of the loan in the credit comparison calculator. You will then receive an overview with the conditions of the respective banks and the monthly installments to be paid. Here you can already check whether the rate matches your monthly household surplus. If the rate is higher than your monthly surplus, you must extend the term to reduce the rate.
If you have found a suitable bank with good conditions using the comparison calculator, then start a credit inquiry directly online. There you must then enter your personal data and information on your income. The bank will now carry out a preliminary credit check and you will receive an acceptance or rejection just a few minutes later. However, this remains non-binding until the loan agreement is concluded. You must now submit these and other documents to the bank and carry out a legitimation process at the post office.
Wait for payment and contact dealer
The bank will now check your loan application and if everything fits you will receive information on the payment of your motorhome loan. As soon as the money is in the account, you can arrange a purchase date with your dealer or you can take some time and check other offers. The advantage of cash payment means that you can negotiate prices with almost any retailer.