Yes, both Secured Loans and Unsecured Personal Loans used to buy a caravan, allow borrowers to make extra payments. Additional payments may be made regularly or on a one-off basis. The issue to consider if you choose to make additional payments while maintaining your scheduled repayments is that you will pay off your loan earlier than the fixed loan term. When a loan is paid out early, break fees apply. For Secured and Unsecured Loans on a fixed interest rate, the break fees are minimal. For Unsecured Loans with a variable interest rate, there are no break fees normally. The break fees that apply to your specific loan can be advised at the time the loan contract is arranged. Alternatively you can contact your lender for details. If you do consider you will want to make additional payments, you may like to consider increasing the repayments at the start of the loan. That way you will pay off the loan earlier, incur less interest overall and not incur break fees.