The above Scheme was introduced on a pilot basis in February 2000. Loans of up to €6,350 and Grants of up to 10% (i.e. up to €640) are available for the purchase of a new/second-hand caravan. Loans are repayable over a period of 3 – 5 years. The amount of loan sanctioned is dependent on each applicant’s ability to pay, which will be determined by the local authority.