RV Loans and Rates in 2026
Hit the open road with RV loan rates starting at 5.99%
- The best RV lenders are Boatloan.com, GreatRVLoan, Good Sam, Southeast Financial, LightStream and iNet.
- Comparing loan offers and choosing the cheapest one could help you get affordable monthly RV payments.
- You can get real loan offers from up to five RV lenders through LendingTree.
Should I get an RV loan?
RV loans can make life on the road possible, but they can also lock you into years of expensive payments if you’re not careful. Here’s how to know if you (and your wallet) are ready.
Signs you should consider an RV loan
- You plan to hit the road more than 30 days per year (or frequently enough to justify the cost)
- You plan to use the RV for at least five to seven years
- You can afford the monthly payments
- You’ve already rented RVs for trips
- It costs more to rent than it will cost to own the RV
Your RV will cost you more than just your monthly payments. Add up the cost of maintenance, storage, fuel, insurance and registration when considering whether you can afford an RV.
What type of RV should I buy?
Your RV should match how you actually plan to travel, at a price point you can afford. Here’s what to consider:
- How many people will you travel with? Your RV should comfortably accommodate your crew. Look at fifth-wheel trailers and Class A and C motorhomes for trips with family, or camper vans and travel trailers for trips with fewer people.
- What matters more to you — efficiency or comfort? Larger motorhomes are more comfortable, but they require more gas and can be slower than smaller RVs. If you hate frequent stops or aren’t sure you’ll be able to afford higher gas prices, opt for a smaller, cheaper model.
- How much upkeep are you willing to handle? Trailers are easier to maintain than motorhomes, and Class A motorhomes require the most work. If you don’t want to deal with the hassle and expense of ongoing, complicated maintenance, a trailer or smaller RV is likely the better choice.
- How much can you afford? RVs vary widely in price, and it’s easy to spend too much. If Class A motorhomes are too expensive but you want comfort, consider a Class C or B. Want a camper for more occasional use? Try a pop-up camper or travel trailer.
LendingTree expert tip: It’s easy to spend too much on your RV. When in doubt, choosing the cheaper (often smaller) option with fewer features can lower your risk of locking yourself into expensive monthly payments for an RV you don’t use as much as you expected.
How much will my RV loan cost?
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.
When to consider used vs. new RVs
New RVs
- You’re willing to pay more for peace of mind. If unexpected repairs would disrupt your plans or budget, a new RV offers more predictability with warranty coverage and fewer issues early on.
- You plan to keep the RV long term. Buying new makes sense when you plan to use the RV for the long haul. If you don’t know how long you’ll keep it, a used model could be a safer choice.
- You don’t need to stretch your budget to afford it. If you can cover your monthly payment and ownership costs without extending your loan term or cutting into other priorities, a new RV could be worth it for the reliability and features.
Used RVs
- Your budget is tight. If you find yourself adjusting loan terms again and again just to get an estimate with a payment that’ll work, that’s often a sign that a used RV is the better fit.
- You’re not sure how often you’ll use it. If your future plans aren’t settled or you’re not sure how much you’ll use your RV, a used model reduces the risk of paying too much for something you don’t use regularly.
- You’re planning shorter, more occasional trips. If you’re mostly taking short trips or staying close to home, used RVs can get you where you need to go at a lower cost.
How to compare RV loan offers side by side
Knowing how to compare RV loan offers can help you save money on your loan. Here’s what to check.
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Compare the total loan cost.
Use an RV loan calculator to estimate how much each RV loan offer will cost you in total over the course of the loan. Flag the offers with the lowest total loan costs — these are the cheapest loans in the long run.
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Compare monthly payments.
Now compare the monthly payments for the RV loans you’ve flagged as the cheapest.
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Choose your loan.
LendingTree expert rule of thumb: Choose the RV loan with 1) the lowest total loan cost, and 2) the monthly payments you can afford. If you can’t afford the monthly payments on that loan, go to the loan with the next-highest total loan cost.
To get the offers you need to compare, you can apply for loans on different lender websites or use LendingTree to make the process easy. When you submit one form with LendingTree, you can see real offers from up to five RV lenders.
How to find an RV loan with LendingTree
You’d shop around for flights. Why not your loan? LendingTree makes it easy. Instead of applying to just one lender and hoping for a good rate, see multiple RV lenders compete for your business — so you can choose the best offer.
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.
How to find the right RV loan for your situation
If you want to apply directly with RV lenders, it’s important to find one that fits your needs.
| Situation | Look for… | Recommended lenders |
|---|---|---|
| Good credit | Low starting APRs | Boatloan.com, GreatRVLoan |
| Bad credit | Low minimum credit scores | GreatRVLoan, Southeast Financial |
| Buying used | High RV age limits | Boatloan.com, Good Sam, LightStream |
| Buying from private seller | Offers loans for private sales | GreatRVLoan, iNet, LightStream |
Best RV lenders
| Lender | 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 |
|
|
No fees and no hassles | 6.49% (with autopay) | 24 to 144 months |
$5k – $100k |
|
|
RV loans with extra perks | 6.87% | 72 to 240 months |
$10k – $2M |
|
|
Private party RV sales | 7.24% | 84 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 text to get help with application
- Competitive starting rates
- 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 all 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 old or newer
Best for: Bad credit RV loans – GreatRVLoan
- Starting APR
- 5.99%
- Low minimum credit score (550)
- Can finance RVs up to 15 years old
- Can buy RV from private party or dealership
- Competitive starting rates
- APRs as high as 19.95% for bad credit
- No customer service on weekends
- 10% down payment required
GreatRVLoan is our top pick for best RV loan for bad credit because it has one of the lowest credit score requirements on the market (550). However, your APR could be as high as 19.95% if you have bad credit. If you can afford to wait, you could save hundreds to thousands of dollars over the life of your loan by taking the time to improve your credit score before you apply.
Although rates for GreatRVLoan loans start at 5.99% for borrowers with excellent credit, bad-credit loans start at 9.99%. It also limits loans to a maximum of $75,000 for borrowers with bad credit.
To qualify for GreatRVLoan, 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 old
- Types of RVs: Motorhomes, fifth-wheel trailers, utility trailers, travel trailers, horse trailers, toy haulers and toterhomes
Best for: Same-day credit decisions – Southeast Financial
- Starting APR
- 6.24%
- Might find out if you’re approved the same day that you apply
- Can borrow up to $4,000,000 for a luxury RV
- Offers RV refinancing and guaranteed asset protection (gap) insurance
- Customer service not available on weekends
- No 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 during business hours outside of the busy season. And if you want to splurge on your RV purchase, you could borrow up to $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 people 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; must be 20 model years old or newer
- Residency: Can’t live in Alaska or Hawaii
Best for: RV loans with no fees and no hassles – LightStream
- Starting APR (with autopay)
- 6.49%
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.
- No fees
- No appraisals
- Can get money as soon as the same day you apply
- Not good for luxury RVs
- Must have good to excellent credit
- Can’t check rates without hurting your credit
RV loans from LightStream are a little different from the other loans 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
Best for: RV loans with extra perks – Good Sam
- Starting APR
- 6.87%
- Zero-down program for loans up to $100,000
- Financing available to noncitizens
- Approval may take only one to two business days
- Can borrow up to only $50,000 if your credit score is under 680
- Loan processing fees apply
- Potential 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. 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 dump stations.
However, if you want to borrow more than $50,000 from Good Sam, make sure that your credit score is 680 or higher 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, manufacturer’s statement of origin (MSO) and/or registration, proof of down payment (when applicable), proof of insurance and seller’s contact info
Best for: Private-party RV sales – iNet
- Starting APR
- 7.24%
- Accepts bad credit
- Finances RVs up to 15 years old
- No down payment is required for some loan types under $50,000
- Could get more money from other lenders
- Loans available in only 48 states
- No option to refinance RV loans
While many lenders only offer loans for RVs purchased from dealerships, iNet lets you buy from a dealership or private seller. This makes iNet a must-consider if you want to buy directly from another person.
If you’re looking at buying an older used model, keep in mind that iNet only finances RVs that are up to 15 years old. You can’t use iNet to refinance your RV loan — it only offers loans for RV purchases.
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 not available in all states.
Pros and cons of RV loans
RV loans can make your purchase more affordable, but you should weigh the benefits and risks before you take on debt to pay for your RV.
PROS
- Help you afford an RV when you can’t pay for one up front
- Long loan terms make monthly RV payments cheaper (but more expensive in the long run)
- Let you keep your savings in your bank account for emergencies instead of tying it up in an RV purchase
CONS
- Could lose the RV if you don’t keep up with payments
- Typically require 10%-20% down payment
- RVs depreciate (lose value) quickly, making it easy to go upside down on your loan
Average RV loan rates
New RV loans currently average 7.53% APR, while used RV loans average 7.69%, according to our latest data. Borrowers with strong credit tend to qualify for the lowest rates, but those with credit scores below 580 may not be eligible for RV financing.
To show how rates vary by credit score, we analyzed recent RV loan offers through the LendingTree marketplace.
| Credit score range | New RV loans | Used RV loans |
|---|---|---|
| All credit scores | 7.53% | 7.69% |
| Very good (740+) | 7.54% | 7.56% |
| Good (670-739) | 7.42% | 7.95% |
| Fair (580-669) | 7.67% | 7.91% |
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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 a single application would.
You can also apply for dealer financing, though the best rates are usually found with independent lenders.
RV loan alternatives
Cash
If you already have a lot of debt or don’t want to spend extra money on interest, focus on saving up money to pay for your RV in cash. Owning your RV outright can give you added peace of mind and freedom from debt — plus, you’ll avoid paying interest on your loan.
Personal loan
Because personal loans can be used for almost anything, you can use one to buy your RV. Since most personal loans are unsecured, you won’t risk losing your RV if you can’t make payments. But unsecured loans typically come with higher rates than typical RV-secured loans, so borrowing with a personal loan will likely be more expensive.
Home equity loan
Home equity loans work like a second mortgage — you can borrow against the equity you’ve built in your home, using your home as collateral. These loans can come with low rates, but they’re risky. You’ll lose your home if you can’t make payments.
How we chose the best RV loans
We reviewed top national RV lenders to determine the overall best six lenders.
According to our systematic rating and review process, the best RV loans come from Boatloan.com, GreatRVLoan, Southeast Financial, Good Sam, LightStream and iNet.
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.
LendingTree partners with dozens of lenders, but partners and non-partners receive equal treatment in our scoring and review process. Read more about our editorial guidelines.
Frequently asked questions
Many RV lenders require credit scores of 600 and above. It’s possible to get RV loans for bad credit, but you’ll pay much higher interest rates — making your loan more expensive.
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.
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 loans for all types of RVs, including Class A, B and C motorhomes, fifth-wheel trailers, travel trailers and more.
Whether you should rent or buy depends on how often you plan to use your RV. Renting is cheaper for occasional trips, but buying can be cheaper if you’re always on the road. Plus, owning comes with more flexibility and fewer restrictions. If you want to save money on your RV purchase, a used RV could give you the most bang for your buck.
You may be able to deduct the loan interest if your RV counts as a main or second home. To qualify, your RV needs to have sleeping, cooking and bathroom facilities, among other factors.
You may be able to find a lender that requires no money down, but it’s risky — the less you put down, the more likely you’ll be to owe more than the RV is worth. This is called being upside down on your loan. If you decide to sell your RV when you owe more than it’s worth, you’ll need to pay the difference.