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Borrowers looking to take out a larger loan with a low rate and long repayment term. Loan terms up to 144 months are available.
With Upstart's innovative approach to lending, borrowers with little or no credit may be able to get money to buy an RV. Qualified borrowers could have their loan funded the same day they apply.
Borrowers with bad credit who don't qualify for secured RV loan options or want more flexible repayment term options.
If you qualify for Best Egg's lowest rates, you could drive away in your RV with a rate below 7 percent. Its minimum score also makes it a good choice for borrowers with fair credit.
Good credit customers who want more RV loan investor choices, which the peer-to-peer model offers.
Customers with slightly lower credit scores who want to borrow large loan amounts.
Use Bankrate's loan calculator to see how different loan amounts, terms and interest rates will affect your estimated monthly payments and total interest paid.
Current unsecured RV loan rates can range from around 7 percent up to almost 36 percent. If you have fair or poor credit, your interest rate will be higher. You could be eligible for a lower rate if you make a larger down payment and work to improve your credit before you apply.
The rates listed on this page are unsecured loan rates. Secured RV loan rates may be lower than average personal loan rates, but will largely depend on the lender as well as your finances and credit score.
An RV loan works like any other installment loan, but the funds are used specifically for buying a recreational vehicle. Banks, credit unions, online lenders and dealerships offer RV loans, and repayment terms typically range between two and seven years.
Although good credit is the most common eligibility requirement, approval will vary across companies and will be based on whether your loan is secured or unsecured. Which is right for you depends on your credit profile, the amount you need to borrow and whether you want to offer your RV as collateral for the loan.
Like every other type of loan, there are advantages and disadvantages to taking out a secured or unsecured RV loan. Here's what to be aware of before signing your final paperwork.
It's important to compare multiple lenders to ensure you get the best rate possible. Bankrate's RV loans rate table can help you start comparing some of the top RV lenders in the market. The process of applying for an RV loan is similar to taking out an auto loan, and you may be able to finance through a dealership if a personal loan doesn't suit your needs.
When you apply, the lender will ask to verify financial information, so have documentation like bank statements and pay stubs ready. The exact approval requirements vary by lender, but most generally require a credit score of 670 or higher, low debt-to-income (DTI) ratio, steady income and positive credit history.
If your score is low, you may qualify for a bad credit personal loan, but the interest rate and fees will be much higher. You could consider adding a cosigner to improve your chances of approval, but it may be better to focus on improving your credit before applying.
The cost of an RV ranges anywhere from $10,000 to $1 million. Most lenders limit what you can borrow, often approving $100,000 personal loans or less. Use a loan calculator to determine exactly how much you need to borrow, and include costs like sales tax, insurance and immediate maintenance or repair costs. Aim for the highest monthly payment you can manage with the shortest term to limit the amount of interest you have to pay.
To get the best interest rate available, compare quotes from lenders by prequalifying. Rates and terms on unsecured loans differ significantly from those offered by secured loans. You should also look for additional costs like origination fees, late fees and prepayment penalties.
In addition to cost, consider these factors as well:
Customer experience. You can find online RV lenders or through your local bank or credit union if you prefer in-person service. Check reviews on third-party websites like Trustpilot to make sure you're choosing a reputable lender.
Perks and features. Some lenders offer discounts, special programs or other forms of assistance that could save you money. Others are more flexible with the type, age and condition of the RVs they finance.
Co-borrower availability. Not all RV lenders allow co-borrowers, so if you need two incomes to qualify, choose a lender that permits joint applications.
Once you pick your best option, follow the lender’s instructions to apply. Make sure this is the lender you prefer because this step requires a hard credit check. During the approval process, the lender will ask for additional documents, including proof of identity. If you apply for a secured loan, the lender will also need detailed information about the RV you’re financing.
With an unsecured personal loan, your RV is not collateral for the loan. That means you won't lose your RV if you default. You'll also have more freedom to choose older or used models. The downside is that you'll need a good credit score to qualify, and your loan may have a higher rate.
Many RV dealers also have financing, especially if you want to purchase a more expensive vehicle. This is a convenient option that could streamline the purchase process, and some dealers may offer special financing or incentives. However, rates on dealership loans tend to be higher and sometimes carry more fees.
If you take out a secured loan, your funds will be paid directly to the RV dealer. If you choose an unsecured personal loan, in most cases, the funds are paid to your bank account for you to use to buy your RV. Either way, you will need to complete a contract and authorize funding transfers in order to finalize your application.
Personal Loan Documents: Gather These Before Applying | Bankrate
The most common documents lenders will need to process your loan application.
Best Bad Credit Loans in April 2025 | Bankrate
Compare bad credit personal loan options that you could qualify for with a score under 660.
How To Get A $100,000 Personal Loan: Top Tips | Bankrate
For more expensive RV purchases, a $100,000 personal loan may be a good fit.
Is buying an RV worth it, or should you just rent one?
If you're on the fence about buying or renting, consider the full costs and how much you will realistically use an RV.
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Finding the right RV loan can mean the difference between worry-free roadtrips and monthly payment headaches. To select the best personal loans for RVs, Bankrate’s team of experts evaluated over 30 lenders. Each lender was ranked using a meticulous 20-point system, focusing on four main categories:
