New DVC Financing Options: More Flexibility with 5, 10, and 15-Year Terms
Financing a Disney Vacation Club resale purchase is a personal decision, and the right repayment timeline can make a meaningful difference in your budget. Having flexible financing options can make DVC ownership more attainable, giving you the opportunity to choose a loan term that aligns with your budget and long-term financial goals.
Monera Financial is introducing new 5-, 10-, and 15-year financing categories, giving DVC buyers more flexibility to choose a monthly payment and payoff timeline that work for them.
What’s Changing with Monera Financial’s DVC Loan Terms?
Monera Financial is replacing its previous 4-, 8-, and 12-year rate structure with new 5-, 10-, and 15-year categories:
| Previous term categories | New term categories |
| 4 years | 5 years |
| 8 years | 10 years |
| 12 years | 15 years |
These categories do not limit borrowers to just three loan lengths. Loan terms from 1 to 15 years remain available, with rates based on the new term categories. Term availability depends on the contract, and your specific financing details may vary.
Which DVC Financing Term Is Right for You?
There is no single best term for every buyer. The right fit depends on what you can comfortably pay each month and how quickly you want to repay your loan.
5-Year Term: Pay Off Your Loan Sooner
A five-year term may appeal to buyers who can manage a higher monthly payment and want to finish repayment sooner. A shorter timeline can also reduce the total interest paid, depending on the loan’s rate and terms.
10-Year Term: Balance Monthly Payments and Repayment Time
A ten-year term offers a middle ground for buyers who want to spread out their payments without committing to the longest repayment period.
15-Year Term: Prioritize a Lower Monthly Payment
A fifteen-year term may be worth exploring if a lower required monthly payment is a priority. Keep in mind that extending repayment can increase the overall cost of borrowing, even when the monthly amount feels more manageable.
Your financing choices may involve more than term length. For additional background, read Monera’s comparison of credit-check and no-credit-check financing.
Can You Pay Off Your DVC Loan Early?
Yes! Monera Financial does not charge prepayment penalties, regardless of the loan term you select. You can make additional principal payments at any time to pay down your balance faster and reduce the total interest paid over the life of your loan. This gives you additional flexibility if your financial circumstances or repayment goals change.
Explore Your DVC Financing Options with Monera Financial
The easiest way to compare your options is to try different scenarios. With Monera Financial’s interactive Instant Quote tool, you can experiment with financing details and see how different choices may affect your estimated monthly payment. Try adjusting the figures to find a combination that makes sense for your budget before moving forward.
Explore Your Options with Monera’s Instant Quote Tool
Have questions about financing costs or repayment? Visit Monera Financial’s frequently asked questions for more information.
Financing terms and availability are subject to contract eligibility and applicable lending requirements.
