To find your estimated monthly payment using our RV payment calculator, enter how much you want to borrow and for how long, as well as your expected interest rate. Consider the payment total in the context of your monthly budget and see if it fits for you.
If you find that the RV loan payment is too high, change the loan amount and/or loan term. Remember that longer terms can lower your monthly payments, but they can also increase the total amount of interest paid over the life of the loan.
While each lender will have its own unique approach to financing, you’ll generally take the following steps when applying for an RV loan.
Annual percentage rates (APRs) for RV loans can fluctuate, but the better your credit, the lower your APR will probably be. If your credit is less than perfect, there are bad-credit RV loans out there, too. Note that the APR on an RV loan includes interest and any applicable fees.
Dealership partners and major lenders, like national banks and credit unions, often offer RV loans, which can range from $5,000 to $10 million. If you want to finance an RV, be sure to receive quotes from multiple lenders, which can help you save money in interest and fees.
RV loan terms generally range from 24 to 240 months (two to 20 years). A long loan term means you’ll have lower monthly payments, but spend more on interest. Meanwhile, a short loan term sticks you with higher monthly payments, though you’ll save on interest overall.