This loan scheme is designed to support individuals assessed by their local authority as being in need of accommodation- either on the social housing waiting list or requiring an upgraded caravan/mobile home as their primary residence- and who cannot fully fund this need themselves.
Eligible applicants may receive a loan of up to €80,000 (inclusive of VAT), with a €500 deposit required from the applicant. In cases of financial hardship, local authorities may exercise discretion. Loan repayments are calculated at preferential rates based on household income and the cost of the caravan/mobile home, ensuring affordability.
The loan term will align with the expected lifespan of the caravan/mobile home, and once fully repaid, no further payments will be required. Applicants may reapply for a new loan after the previous one is repaid. Ownership of the caravan/mobile home remains with the borrower, who retains any equity after the loan term ends.
Please note:
- The loan does not cover modifications or style preferences.
- Applicants must normally reside within the State.
- Breach of loan terms may result in full repayment at standard rates and ineligibility for future loans.
Please read the full conditions of the scheme along with the application form attached below.
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