Frequently Asked Questions

What are the best RV loan rates?

As of September 2022, the best interest rates for RV loans typically start around . Of course, these rates fluctuate with market conditions, inflation, and supply and demand. The best RV loan rates are also reserved for the borrowers with the highest credit scores and strongest overall financial profiles.

If you want to see what your RV loan rate might be, check out the RV rate estimator. You simply input if you’re purchasing a new or used RV or refinancing an RV, camper or motorhome. Then, type in the year of the RV, the loan amount, and the range of your FICO score. For example, if you have a 720 FICO score, you would select the 700-739 box. Then the calculator will show what your estimated monthly payment will be and what your expected interest rate will be.

There are many different lenders and their rates will vary. Check your estimated RV interest rate with our RV rate estimator. Most lenders base their RV loan interest rates on factors such as:

      • Credit score
      • Loan amount
      • Down payment
      • Loan term
      • Age of the vehicle

What should I expect my RV loan APR to be?

RV loan APRs can vary depending on several factors. The APR is typically determined by your credit score, the size of your down payment, and the age of the RV, and the term of the loan. The higher the credit score, the larger the down payment, the newer the RV, and the shorter term, the better the APR will be.

Is it hard to get financed for an RV?

Financing for an RV is a bit more difficult than applying for a car loan. In most cases, loan amounts of $150,000 or greater require proof of income and tax returns, like a home loan. Our dedicated team of RV loan officers will work with you to understand your RV loan requirements to help get you on the road.

How do I get the best RV loan rate?

You can’t control the market and increasing interest rates, so instead focus on the things you can control that will help you get the best RV loan rate. For example, the higher your credit score, the lower your interest rate will be.

Making on-time payments, paying off credit cards in full each month, and keeping your credit utilization levels low can all help to increase your credit score. Which in turn, will give you access to the best RV loan rate. Additionally, putting a large down payment on the RV or camper will lower your loan to value ratio, which can also lower your RV loan rate. Low rates are reserved for ‘low risk’ borrowers which are borrowers with higher credit scores, substantial incomes, strong employment histories, and lower debt-to-income ratios. Competitive RV loan rates currently range from about 5.99% to over 7%.