RV Loans and Rates in 2026
Hit the open road with RV loan rates starting at 5.99%
| Lender | User rating | Best for | Starting APR | Term | Amount | |
|---|---|---|---|---|---|---|
|
Handling RV loan paperwork | 5.99% | 84 to 240 months | Starting at $10k | ||
|
Bad credit RV loans | 5.99% | 60 to 240 months |
$10k – $10M |
||
|
Same-day credit decisions | 6.24% | Up to 240 months |
$10k – $4M |
||
|
RV loans with extra perks | 6.49% | 72 to 240 months |
$10k – $2M |
||
|
No fees and no hassles | 6.49% (with autopay) | 24 to 144 months |
$5k – $100k |
||
|
Private party RV sales | Not specified | Up to 240 months |
$5k – $1M |
Read more about how we chose the best RV loans.
Compare top RV loan lenders and terms
Best for: Handling RV loan paperwork – Boatloan.com
- Starting APR
- 5.99%
- Can pay an extra fee to get professional help with title and registration paperwork
- Allows joint RV loan applications
- Can correspond via text
- Competitive APRs
- Doesn’t provide much insight into RV loan details on its website
- Need at least fair credit to qualify
Despite its name, Boatloan.com offers both boat loans and RV loans to eligible borrowers. Boatloan.com will help you with the paperwork and closing process of your RV loan for an additional cost.
Note that Boatloan.com isn’t a lender itself. It’s a loan marketplace that can help you find RV financing with one of its lending partners. Using a marketplace can make it easier to compare offers, but it does mean that rates and fees will vary, depending on the partner that Boatloan.com connects you with.
Boatloan.com doesn’t specify some of its requirements. At minimum, you must meet the following criteria to finance your RV through this marketplace:
- Credit score: 620+
- Age of RV: 24 years or newer
Best for: Bad credit RV loans – GreatRVLoan.com
- Starting APR
- 5.99%
- Low minimum credit score (550)
- Can finance RVs up to 15 years old
- Can finance both private party and dealership purchases
- Competitive starting rates
- Only refinances RV loans above $75,000
- APRs can get as high as 19.95%
- Customer service isn’t available on weekends
- 10% down payment required
As long as you have a credit score of 550, you could qualify for loan brokerage company GreatRVLoan.com. 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%. It also limits 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.
To qualify for GreatRVLoan.com, you must meet the requirements below:
- Credit score: 550+
- Credit history: 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
Best for: same-day credit decisions
- Starting APR
- 6.24%
- Might find out if you’re approved the same day that you apply
- Can borrow up to $4,000,000, in case you’re buying a luxury RV
- Offers RV refinance loans and GAP insurance
- Customer service isn’t available on weekends
- Doesn’t offer RV loans in Alaska or Hawaii
For fast RV loan approval, check out Southeast Financial. It’s possible to get a same-day credit decision, so long as it’s during business hours and 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.
Southeast Financial is an RV loan marketplace. It doesn’t fund loans itself. Instead, it helps shoppers compare loans from its network of partner lenders. Note that none of its partners finance RVs for those who live in them full time.
Southeast Financial offers a lot of flexibility when it comes to loan requirements, but you’ll need to meet the following criteria to qualify:
- Credit score: 575+
- Annual income: $25,000+
- Citizenship: Must be a U.S. citizen
- RV restrictions: No park models, destination trailers, after-market conversion vans, salvage/flood titles or financing for full-timers
Best for: RV loans with extra perks – Good Sam
- Starting APR
- 6.49%
- Zero-down program for loans up to $100,000
- Financing available to noncitizens
- Approval may only take one to two business days
- Those with credit scores below 680 can only borrow up to $50,000
- Charges a loan processing fee
- Loans may come with a prepayment penalty
Good Sam is a loan marketplace that offers RV financing with a ton of perks.
If you join its free membership program, you can earn points for every dollar you spend at Camping World or Overton’s. Then, you can convert those points to get discounts at Camping World. Paid memberships are also available and come with more benefits, like discounts at certain gas stations or free access to dumping stations.
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.
To qualify for an RV loan from Good Sam, you’ll need to meet the following requirements:
- Minimum credit score: 600+
- Residency: Available in all 50 states, but not Washington, D.C.; do not need to be a U.S. citizen for some loans
- RV requirements: Must be 20 years old or newer; can’t have more than 99,999 miles on the odometer for gas-powered RVs or more than 150,000 for diesel; no full-timers
- Administrative: Must provide copies of your driver’s license, purchase agreement, title, MSO and/or registration, proof of down payment (when applicable), proof of insurance and seller’s contact info
Best for: RV loans with no fees and no hassles – LightStream
- Starting APR (with autopay)
- 6.49%
- Doesn’t charge any fees
- No appraisals needed
- Might get funds the same day that you apply
- Might not work if you’re buying a more expensive RV
- Must have good to excellent credit
- Can’t check rates without hurting your credit
RV loans from LLightStream are a little different than the other lenders on this list. The others are traditional RV loans, while LightStream loans are unsecured personal loans. Traditional RV loans use the RV as collateral (similar to an auto loan). LightStream RV loans do not.
A personal loan comes as a lump of cash that you can use for almost anything, including your RV and RV supplies. Unless you have top-tier credit, a personal loan isn’t usually the cheapest option. Loans that use collateral generally have lower rates. But the process of getting a personal loan tends to be easier — you don’t need an RV appraisal or inspection.
LightStream doesn’t specify its exact credit score requirements, but you must have good to excellent credit to qualify. Most of the applicants that LightStream approves have the following in common:
- At least five years of on-time payments under a variety of accounts (credit cards, auto loans, etc.)
- Stable income and can handle paying their current debt obligations
- Savings, whether in a bank account, investment account or retirement account
You must also have a valid Visa or Mastercard credit card to accept your loan, but only for verification purposes. LightStream will not charge your card.
Best for: Private-party RV sales – iNet
- Starting APR
- Not specified
- Accepts bad credit
- Finances RVs up to 15 years old
- No down payment is required for some loan types under $50,000
- Other lenders offer larger loan amounts
- Loans are only available in 48 states
- No option to refinance RV loans
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, and you might not have to make a down payment (unless you have bad credit or are getting a large loan). Having bad credit won’t automatically disqualify you, though. iNet is a loan marketplace and some of its partners specialize in lower scores.
iNet doesn’t share its RV eligibility requirements. It says it works with borrowers with good or bad credit, and that RVs must be 15 years old or newer. iNet is also not available in all states.
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.
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.
PROS
- 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
CONS
- 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
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.
1. 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.
2. 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.
3. 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.
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.
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, GreatRVLoan, Southeast Financial, Good Sam, LightStream and iNet.
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 whether your RV counts as a main or second home. To qualify, your RV needs to have sleeping, cooking and bathroom facilities, to count, among other factors.
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.