RV Loans

If you want to hit the road in an RV but don’t have the necessary cash on hand, you’re likely looking at getting an RV loan. LendingTree helps you compare RV loan rates from multiple lenders. It’s fast, easy, and best of all, free.

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Want to buy an RV? We can help.

Make sure you get the best deal on RV financing by using the RV loan calculator below and comparing potential RV loans from multiple lenders. Our lenders offer loans on new and used RVs, including motor homes, fifth-wheels, travel trailers, pop-up campers, and toy haulers. If you have an existing RV loan, we can even help you with refinancing.

RV lenders that are in LendingTree’s network offer loan amounts from no minimum to no upper limit, flexible terms to fit your lifestyle and options for those with less-than-perfect credit.

Get Free RV Loan Offers Today

See available RV loan rates and terms

Here are some examples of RV loan financing rates. As you think of potential lenders, also consider your own bank or local credit union. You have a two-week window to rate shop. It won't hurt your credit to apply to multiple lenders any more than it does to apply to one, as long you stay within that time period.
RV Loan Terms
Lender Starting APR Range Minimum Amount Maximum Amount Terms (Months)
Good Sam 3.99% – 9.49% $10,000 $2,000,000+ 48 – 240
GreatRVLoan 3.99% – 17.95% $10,000 $2,000,000 60 – 240
LightStream 4.29% – 11.89% $5,000 $100,000 24 – 84
Georgia's Own Credit Union 5.50% – 7.25% No minimum $250,000 60 – 120
Essex Credit 3.99% – 9.49% $10,000 $2,000,000+ 48 – 240

 

If you’d like to find out what your payment might be, here’s a link to our RV loan calculator.

Get an RV loan in 5 steps

One of the best ways to finance an RV is to do a little legwork before you show up on an RV dealer’s lot. Many dealers see vehicle financing as a profit center and will try to engineer a deal that is better for them than it is for you. Here are five steps you can take to ensure that you get your best RV loan rate possible.
  1. Check your credit score: You can get your free credit score here. If your credit isn’t where you want it to be, don’t worry. We have lenders that can help get you a good rate with fair credit. It’s also possible to get an RV loan with bad credit.
  2. Set your budget: Take a look at your finances and use the RV loan calculator below to see what your payment might be. Keep in mind the total cost of owning an RV.
  3. Get preapproved: Before you step into an RV dealership, it’s smart to shop around for an RV loan so you know the RV financing rates you qualify for and see if the dealer can beat them. You’ll need to know whether you want a new or used RV and approximately how much you want to borrow and for how long.
  4. Choose your RV: Whether you want a top-of-the-line motorhome or a simple towable, here’s how to choose the right RV for you.
  5. Negotiate: Negotiate each aspect of your RV deal separately: RV price, trade-in price, RV loan APR. Don’t focus on monthly payment. Do focus on total prices. A tip for negotiating your RV’s price: use an industry guide like the National Automobile Dealers Association Guide for RVs to find new or used RV values.

Fixed vs. variable RV loan rates

If you opt for a fixed-rate loan, you can be sure your last payment will be the same as your first – and all the ones in between, barring any changes you choose to make. However, the lender may charge you a higher rate from the start for that privilege.

Variable-rate loans, on the other hand, can change without notice. However, as a result of shouldering that risk of changing rates, you may receive a lower initial offer.

Which should you choose? 

Variable-rate loans tend to be offered on more expensive RVs. A lower initial rate would save you money, but later hikes could eat into those savings. The decision has more to do with your personal tolerance for risk more than anything else.

How to qualify for an RV loan

There are many factors that can affect the RV loan rate you will pay, including:

Credit score

It’s hard to overstate the relationship of your credit score to your RV loan rate. A borrower with a great credit score may pay thousands less over the life of their loan than someone with poor credit.

Improve your score: If you need help improving your credit score, there are steps you can take.

Debt-to-income ratio

Your lender is likely to examine the proportion of your monthly income that goes to housing or other monthly expenses. The intention is to make sure you can comfortably afford the payments on your new loan. Lenders may raise your interest rate if they have affordability worries or require that your debt-to-income ratio is 40% or less.

Income

As we mentioned, lenders want to be sure that you’ll be able to pay back the loan. You’ll be asked to state your monthly or annual income, but you can usually include multiple sources of income if you have them, such as retirement, Social Security benefits or a pension.

Whether the RV is new or used

You can typically find better RV loan rates on more expensive and new or relatively new RVs. Lenders consider older used RVs – typically five years or older – as riskier investments due to the possibility of wear and tear and high mileage. The riskier the investment, the possibility of a higher rate.

That said, you can usually buy used RVs for a greatly reduced price, which may more than make up for the increased interest rate.

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Use an RV loan calculator

Estimate your monthly payment on your loan amount, interest rate, and loan term.