To find your estimated monthly payment using our RV loan calculator, enter how much you want to borrow — and for how long — as well as your expected interest rate. Consider the payment total in the context of your monthly budget and see if it fits.
If you find that the RV loan payment is too high for you, change the loan amount and/or loan term. Remember that longer terms can lower your monthly payments, but they can also increase the total amount of interest paid over the life of the loan.
Advertised annual percentage rates (APRs) for RV loans can fluctuate, though we’ve seen a general range between 4% and 8%. The better your credit, the lower your APR will probably be, but there are bad-credit RV loan options. Note that the APR on an RV loan includes interest and any applicable fees. If you have an APR rather than an interest rate, plug it in the RV loan calculator for a more accurate payment estimate.
Dealership partners and major lenders, such as national banks and credit unions, often offer RV loans — which typically range from four to 20 years. Shopping around as you look to finance an RV could save you money in interest.
Here are some in-depth reviews on two popular lenders:
Apply to a few lenders and then choose your best offer. It doesn’t hurt your credit to apply to multiple lenders any more than it does to apply to one as long as you submit the applications within a 14-day window.
After you pick out your RV based on your budget, do some comparison shopping for RV loans. While RV dealers usually have a lender network, dealers typically only present loan options to you that will benefit the dealer. But to use the dealer’s lender network to your advantage, get a couple of RV loan offers from lenders and then ask the dealer to beat the best rate.
You could fill out an online form at LendingTree and get up to five RV loan offers from lenders depending on your creditworthiness.