RV Loans & Rates in 2025

Hit the open road with RV loan rates starting at 5.99%

Headshot of Lauren Nicholson
Written by
Lauren Clifford
Updated on: July 03, 2025

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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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GreatRVLoan: Best for bad credit RV loans

5.99%

$10,000 to $10,000,000

60 - 240 months

550

Pros
  • Low minimum credit score (550)
  • Can finance RVs up to 15 years old
  • Can finance both private party and dealership purchases
  • Competitive starting rates
Cons
  • Only refinances RV loans above $75,000
  • APRs can get as high as 19.95%

What to know

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GreatRVLoan.com has a low minimum credit score threshold (550) and works with challenged-credit borrowers. Still, you may want to improve your credit score before applying for a loan, as those with good credit scores tend to lock down the lowest APRs.

Although rates for GreatRVLoan.com loans start at 5.99% for borrowers with excellent credit, their bad-credit loans start at 9.99%. They also limit loans to a maximum of $75,000 for borrowers with bad credit.

If your current RV loan has unaffordable rates or you want to change the terms, GreatRVLoan.com also offers the option to refinance your loan. However, it only offers refinancing for loan amounts above $75,000.

How to qualify

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  • Credit score: 550+
  • Open to borrowers with credit issues including late payments, bankruptcies and foreclosures
  • Age of RV: Up to 15 model years
  • Types of RVs: Motorhomes, fifth wheels, utility trailers, travel trailers, horse trailers, toy trailers and toter homes
  • Offers loans for private-party and dealer purchases
Get Your Rates

Boatloan.com: Best for handling RV loan paperwork

5.99%

Starting at $10,000

84 - 240 months

640

Pros
  • Helps you handle RV loan paperwork and closing
  • Allows joint RV loan applications
  • Wide variety of loan repayment terms
  • Competitive APRs
Cons
  • Doesn’t provide much insight into RV loan details on its website
  • Need at least fair credit to qualify
  • Doesn’t fund RV loans directly

What to know

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Despite its name, Boatloan.com offers both boat loans and RV loans to eligible borrowers. Unlike many lenders, Boatloan.com will help you with the paperwork and closing process of your RV loan. (Note that Southeast Financial and Good Sam also help you with the paperwork.)

But while it is possible to find competitive rates and terms through Boatloan.com, bear in mind that Boatloan.com doesn’t fund its loans directly. Instead, it partners with banks to pair you with a loan that meets your needs.

How to qualify

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Boatloan.com doesn’t offer a lot of information on how to qualify for an RV loan. Typically, though, you won’t be approved if you have a credit score lower than 640.

Get Your Rates

iNet: Best for private party RV sales

6.24%

$5,000 to $1,000,000

Up to 240 months

550

Pros
  • Low minimum credit score (550)
  • Finances RVs up to 15 years old
  • No down payment is required for some loan types under $50,000
Cons
  • Other lenders offer larger loan amounts
  • Loans are only available in 48 states
  • No option to refinance RV loans

What to know

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While some RV loan lenders have loan amounts starting at $10,000 to $15,000, iNet customers can get a loan for as low as $5,000 — this could make it a good lender for financing a small RV. As for a maximum, iNet borrowers can apply for RV loans as large as $1,000,000.

iNet will finance RVs that are up to 15 years old, which is a relatively standard restriction among RV lenders. The company’s minimum credit score requirement is 550, though its lowest annual percentage rates (APRs) are reserved for people with good to excellent credit.

How to qualify

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Other than having a minimum credit score of 550, iNet doesn’t share its RV eligibility requirements. For the best chance to qualify, pay off any delinquent debts and keep your debt-to-income ratio low.

Get Your Rates

LightStream: Best for fast funding

6.49% (with autopay)

$5,000 to $100,000

24 - 144 months

Loan Term Disclosure

Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $25,000 loan at 6.49% APR with a term of 3 years would result in 36 monthly payments of $766.11. © 2024 Truist Financial Corporation. Truist, LightStream and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.

Not specified

Pros
  • Doesn’t charge any fees
  • Pay off RV loan early with no prepayment penalties
  • Same-day funding available
Cons
  • Other lenders offer more money
  • Must have good to excellent credit
  • No option to prequalify for a loan

What to know

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While it takes several days for some RV lenders to approve your loan — and even longer to fund it — LightStream customers may get their unsecured RV loan funds the same day they’re approved and sign their loan agreement.

However, LightStream’s loan amounts only go as high as $100,000 (other lenders offer loan amounts in the millions), so LightStream likely won’t offer you enough to buy a luxury RV. In addition, LightStream doesn’t allow you to check if you prequalify for a loan and only lends to those with good to excellent credit.

How to qualify

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LightStream doesn’t provide many specifics into its borrower requirements for RV loans and offers loans to consumers with good-to-excellent credit profiles. However, LightStream does look for the following qualifications:

  • Five or more years of credit history
  • Demonstrated ability to save (checking, savings, retirement or investment accounts)
  • Health debt-to-income ratio
  • Strong payment history
Get Your Rates

Southeast Financial: Best for same-day credit decisions

6.74%

$10,000 to $4,000,000

Up to 240 months

575

Pros
  • Same-day credit decisions are possible
  • Large loan amounts available if you want to finance a luxury RV
  • Loan repayment terms up to 240 months
  • Offers RV refinance loans
Cons
  • High loan amounts only available for borrowers with excellent credit
  • Only finances RVs up to 12 years old
  • Doesn't offer RV loans in Alaska or Hawaii

What to know

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For fast RV loan approval, check out Southeast Financial. It’s possible to get a same-day credit decision, so long as it’s not the busy season. And if you want to splurge on your RV purchase, Southeast Financial customers can get approved for loan amounts as high as $4,000,000.

While some RV loan lenders are willing to finance motorhomes up to 15 years old, Southeast Financial only covers vehicles that are 12 years old or newer.

How to qualify

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Southeast Financial provides clear RV loan eligibility requirements:

  • Must be a U.S. citizen
  • Must have a minimum income of $25,000
  • Can’t live in Alaska or Hawaii
  • Minimum credit score of 575
  • RV must be under 12 years old
  • No salvaged, lemon law, flood or frame-damaged titles
Get Your Rates

Good Sam Finance Center: Best for RV loans that don’t require collateral

6.87%

$10,000 to $2,000,000

72 - 240 months

600

Pros
  • Zero-down program for loans up to $100,000
  • Financing available to noncitizens
  • Approval may only take one to two business days
Cons
  • Those with credit scores below 680 can only borrow up to $50,000
  • Charges a loan processing fee, as well as official fees
  • Loans may come with a prepayment penalty

What to know

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Not only can you use Good Sam Finance Center to finance an RV purchase, but this lender can also refinance your existing RV loan. Good Sam can even finance an RV loan from a private seller, an option many competitors don’t offer. However, if you want to borrow more than $50,000 from this lender, you’ll want to make sure that your credit score is over 680 before you apply — Good Sam limits how much consumers with lower credit scores can borrow. You’ll also want to budget for additional costs like loan processing fees.

How to qualify

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Good Sam doesn’t provide specific insight into its borrower requirements. However, you will need to have a minimum credit score of at least 600 and you can’t live in Washington, D.C. Still, depending on the underwriting requirements, Good Sam may approve you for a loan even if you’ve previously filed for bankruptcy.

Get Your Rates

What LendingTree users are saying

How do I choose an RV loan lender?

Just as you would with any financial product, it’s important to shop around for the best RV loan lender. You’ll want to determine whether you qualify and compare loan features.

  • Check lender requirements: Lenders will consider your credit score, credit history, and debt-to-income ratio, as well as details about the RV.
  • Compare rates, fees, terms and amounts: Since these details determine how much you’ll end up paying over the life of the loan, it’s important to shop around and compare what different lenders are willing to offer you.
  • Look for unique benefits: Some lenders may offer unique perks like APR discounts or fee-free loans. These benefits could end up saving you money on your loan.
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Pros and cons of RV loans

RV loans can make motorhomes much more affordable, but you should weigh the benefits and drawbacks before committing to additional debt.

ProsCons

 Financing your RV purchase keeps your savings in your pocket for emergencies

 Long loan terms (up to 20 years) can make an RV more affordable to repay

 May be able to refinance your RV loan down the road if you don’t qualify for a low APR upfront

 Some lenders offer the option to skip a down payment as long as you meet their loan amount borrowing requirements

 Since RVs are considered luxury items, the borrowing requirements are higher than what they may be for other types of credit

 RV loans are typically secured by the vehicle itself — if you don’t keep up with payments, you could lose the RV

 You may have to offer a down payment, ranging from 10% to 20% of the total cost of the RV

 RVs have high depreciation, so it can be easy to become upside down on your RV loan

Average RV loan rates

As of July 2025, RV loans come with interest rates as low as 5.99% for borrowers with excellent credit. You may still qualify for a loan if you have bad credit, but you’ll pay much higher rates.

To help you determine what APR you can expect to pay, we pulled data on RV loans from the LendingTree marketplace.

Credit typeCredit score rangeAverage RV loan APR
Excellent720-8509.05%
Good680-71911.86%
Fair640-67914.09%
Poor300-63916.19%

Source: LendingTree user data on closed RV loans in 2024.

What are typical RV loan terms?

Typical RV loan terms range from 60 months (five years) to 240 months (20 years). Longer terms are reserved for larger loan amounts (often $50,000 and up), depending on the lender. Some lenders, like LightStream, may offer terms as short as 24 months.

How do I choose an RV loan term?

Choose the shortest loan term with monthly payments you can afford. The longer your loan term, the lower your minimum monthly payments will be — at the same time, you’ll likely pay more in interest over the life of the loan. The shorter your loan term, the higher your monthly payments will be, but you can save money on interest overall.

How to find an RV loan with LendingTree

Big savings can make you a happy camper. Let RV loan companies from the nation’s largest network of lenders compete for your business.

Tell us what you need

Take two minutes to tell us who you are and how much money you need for your RV — we’ll take care of the rest. It’s free, simple and secure.

Shop your offers

We’ll send you offers from up to five trusted lenders. Compare your offers side by side to see which one will save you the most money.

Get your money

Pick a lender and finalize your loan quickly. You could see money in your account in as soon as 24 hours, depending on the lender you choose.

Get Your Rates

What credit score do you need to buy an RV?

Because RVs are often considered luxury items, a credit score of at least 660 to 700 is typically required, though a credit score of at least 700 is strongly preferred. It is possible to get RV loans for bad credit, but you’ll pay much higher interest rates.

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Is there a no-down-payment option for an RV loan?

You may be able to find a lender that requires no money down, but you’ll likely have to pay higher rates. To qualify, you’ll likely need a high credit score and to secure the loan with valuable collateral, like your RV. If you can’t repay the loan, you may lose your collateral.

Questions to ask when buying an RV

How do I estimate my monthly payment for an RV loan?

Use our RV loan calculator to estimate your monthly payment and determine how much RV you can afford. You’ll need to know the amount you intend to borrow, the potential interest rate and the expected repayment term.
 

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What is the best way to get an RV loan?

The best way to get an RV loan is to shop around and compare lenders. Apply to several lenders before accepting an offer. The credit bureaus allow a window ranging from 14 to 45 days for rate shopping — during this period, multiple applications won’t reduce your credit score any more than one would.

You can also apply for dealer financing, though the best rates are usually found with independent lenders.

How do I qualify for an RV loan?

Each lender has its own set of criteria that you’ll need to meet in order to qualify for an RV loan. Lenders typically look for minimum credit scores of at least 660, though you’ll have a better chance of qualifying for a loan if you can improve your score. The lowest rates are commonly reserved for borrowers with scores over 800.

You can make the biggest impact on your credit score by making sure you don’t miss any payments on your bills and paying down debt to reduce your credit utilization rate.

RV loan alternatives

Personal loan

Because personal loans can be used for a wide variety of purposes, consumers can use them to fund their motorhome purchase.

Personal loans are typically unsecured and are offered in the form of a lump sum. They come with fixed interest rates, so your minimum monthly payment will be the same each month. Since they also come with set repayment terms, you’ll also know exactly when your RV will be paid off.

A personal loan may come with an origination fee (a one-time administrative fee) that’ll come out of your loan balance. In addition, most personal loans are unsecured — as such, you’ll want to check your credit score and reports before applying, since lenders heavily rely on those to make loan decisions.

Home equity loan

Home equity loans work like a second mortgage and your home is used as collateral. They allow consumers to borrow against the equity they’ve built in their homes while paying off their mortgages.

Borrowers can typically borrow up to 85% of their home’s value and, like a personal loan, will have fixed minimum monthly payments. Keep in mind, though, that you could lose your home if you’re unable to repay the debt.

Cash

The thought of hitting the open road in a shiny new RV can be an exciting dream. But since a recreational vehicle is usually not a must-have purchase, it may not always be the smartest financial decision to take on the new debt.

If you already have a lot of debt or don’t want to risk potential repayment troubles, focus instead on saving your money and paying cash for your purchase. Owning your RV outright may give you added peace of mind and the freedom to enjoy your new purchase — plus, you’ll avoid paying interest.

How we chose the best RV loans

We reviewed top national RV lenders to determine the overall best six lenders. To make our list, lenders must offer RV loans with competitive APRs to borrowers nationwide. From there, we prioritize lenders based on the following factors:

  • Accessibility: Lenders are ranked higher if their RV loans are available to more people and require fewer conditions. This may include lower credit requirements, wider geographic availability, faster funding and easier and more transparent prequalification and application processes.
  • Rates and terms: We prioritize lenders with more competitive fixed rates, fewer fees and greater options for repayment terms, loan amounts and APR discounts.
  • Repayment experience: For starters, we consider each lender’s reputation and business practices. We also favor lenders that report to all major credit bureaus and offer reliable customer service.

According to our systematic rating and review process, the best RV loans come from Boatloan.com, Good Sam, GreatRVLoan, iNet, LightStream and Southeast Financial.

Frequently asked questions

A repayment term of 144 months is 12 years; 180 months is 15 years.

You can use an RV loan for camper financing. If the camper doesn’t meet lender requirements for an RV loan — due to age, miles or other factors — you could consider applying for a personal loan.

Lenders offer financing options for all types of RVs, including Class A, B and C motorhomes, fifth wheels, travel trailers and more. Before applying for RV financing, be sure to check if the lender covers the type of RV you intend to purchase.

Whether you should rent or buy depends on how often you plan to use the motorhome. While renting won’t cost you nearly as much as buying an RV, owning your vehicle can offer more flexibility for when and how you use it. If you’re looking to purchase an RV but still want to save money, you can also consider looking at new versus used RVs.

Like buying a car, purchasing an RV can sometimes come with tax deductions. Specifically, you may be able to deduct the interest, depending on the type of loan you have.

Yes, Bank of America offers RV loans through partner dealerships, but it doesn’t offer loans directly to consumers. If you’d like a Bank of America RV loan, you’ll have to apply at a participating dealership.

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