For Individuals with Private Use
Consumer Loan
A Consumer Loan is a finance arrangement where an individual borrows funds to purchase an asset and the
financier secures the loan against that asset.
Under a Consumer Loan, the financier provides funds to purchase an asset and the customer takes ownership
of the asset from the time of purchase. The asset is used as security against the funds borrowed. Once the
loan is fully repaid, the financier removes the security hold over the asset and provides the customer with
clear title over the asset.
Which option is best for me?
Southgate Financial Services can assist you in finding the most suitable recreational vehicle finance option for your
specific needs and budget. We consider a number of factors, including who is taking out the finance (an individual,
company, partnership or sole trader), any business use of the recreational vehicle, and your ownership preferences at
the end of the finance term.