RV Loans & Rates in 2025

Q: What type of RVs can I finance?

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.

Hit the open road with RV loan rates starting at 5.99%

Written by Lauren Clifford

Edited by Amanda Push

Expert Verified

Lender	User rating	Best for	Starting APR	Max term	Amount
	Review coming soon	Fast funding	Not specified	Not specified	Not specified	See Results
	Review coming soon	Same-day credit decisions	8.99%	60 months	$2K – $50K	See Results

Compare top RV loan lenders and terms

BEST FOR FAST FUNDING

Doesn’t charge any fees
Pay off RV loan early with no prepayment penalties
Same-day funding available

Other lenders offer more money
Must have good to excellent credit
No option to prequalify for a loan

While it takes several days for some RV lenders to approve your loan — and even longer to fund it — LightStream customers may get their unsecured RV loan funds the same day they’re approved and sign their loan agreement.

However, LightStream’s loan amounts only go as high as $100,000 (other lenders offer loan amounts in the millions), so LightStream likely won’t offer you enough to buy a luxury RV. In addition, LightStream doesn’t allow you to check if you prequalify for a loan and only lends to those with good to excellent credit.

LightStream doesn’t provide many specifics into its borrower requirements for RV loans and offers loans to consumers with good-to-excellent credit profiles. However, LightStream does look for the following qualifications:

Five or more years of credit history
Demonstrated ability to save (checking, savings, retirement or investment accounts)
Health debt-to-income ratio
Strong payment history

BEST FOR SAME-DAY CREDIT DECISIONS

Same-day credit decisions are possible
Large loan amounts available if you want to finance a luxury RV
Loan repayment terms up to 240 months
Offers RV refinance loans

High loan amounts only available for borrowers with excellent credit
Only finances RVs up to 12 years old
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 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.

While some RV loan lenders are willing to finance motorhomes up to 15 years old, Southeast Financial only covers vehicles that are 12 years old or newer.

Southeast Financial provides clear RV loan eligibility requirements:

Must be a U.S. citizen
Must have a minimum income of $25,000
Can’t live in Alaska or Hawaii
Minimum credit score of 575
RV must be under 12 years old
No salvaged, lemon law, flood or frame-damaged titles

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How do I choose an RV loan lender?
Pros and cons of RV loans
Average RV loan rates
What are typical RV loan terms?
How to find an RV loan with LendingTree
Questions to ask when buying an RV
RV loan alternatives
Frequently asked questions
Our methodology

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.

GOOD IDEA WHEN…

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

BAD IDEA WHEN…

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

Average RV loan rates

As of August 2025, RV loans come with interest rates as low as 5.99% for borrowers with excellent credit. You may still qualify for a loan if you have bad credit, but you’ll pay much higher rates.

To help you determine what APR you can expect to pay, we pulled data on RV loans from the LendingTree marketplace.

Credit type	Credit score range	Average RV loan APR
Excellent	720-850	9.05%
Good	680-719	11.86%
Fair	640-679	14.09%
Poor	300-639	16.19%

Source: LendingTree user data on closed RV loans in 2024.

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.

Get Your Rates

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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Don’t know your credit score?

Check Your Score

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.

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 the type of loan you have.

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.

Our methodology

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 IFG Boatloan.com, Good Sam, GreatRVLoan, iNet, LightStream and Southeast Financial .