Best RV Loans of 2024
- Best RV Loans
- Best for Competitively Low Interest Rates
- Best for Large Loans
- Best for Wide Range of RV Types
- Best for Poor Credit
- FAQs
- Why You Should Trust Us
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Getting an RV loan is more similar to getting a home loan than an auto loan. They can be large loans that are harder to obtain. However, there aren't nearly as many lenders offering RV loans as there are lenders offering auto loans or mortgages.
Best RV Loans of 2024
- LightStream RV Loans: Best for competitively low interest rates
- Truist RV Loans: Best for large loans
- Alliant Credit Union RV Loans: Best for wide range of RV types
- Southeast Financial RV Loans: Best for poor credit
Compare Personal Loan Rates
It can take some work to find one. But whether its a small trailer to pulled behind your vehicle or a luxurious Class A motorhome, there's probably a loan for it.
Best RV Loan Company Comparison
RV loans have higher interest rates than auto loans, so we focused on options with relatively low rates to come up with our list of the best options. We focused on RV loans that apply to a variety of RV types and loan amounts. While RV loans generally require higher credit scores than other loan types, we found a good option for poor credit.
Best for Competitively Low Interest Rates: Lightstream RV Loans
Types of RVs financed: Any RV, including motorhome and trailer-style RVs
APR range: 7.99% to 16.64% with AutoPay (Rates vary by loan purpose.)
Loan amounts available: $5,000 to $100,000
Watch out for: Credit requirements. LightStream only works with borrowers who have good or better credit, and that could exclude some individuals. The lender defines good credit as having several years of credit history, a variety of credit accounts open, solid repayment history without delinquencies, and stable and sufficient income to repay the loan.
LightStream Personal Loan Review
LightStream is an online lender backed by Truist (Member FDIC) that's known for quick funding and low interest rates on a variety of loan types, including RV loan rates. The bank has also gotten top marks from Insider for personal loans and auto loans. So, it's no surprise that LightStream also offers competitive RV loans.
While this lender doesn't offer massive RV loans — the maximum loan amount is $100,000 — the typical buyer can finance their RV comfortably within this amount and get a competitively low interest rate from LightStream in the process. While some lenders exclude some types of RVs, LightStream is open to most all of them, including trailer-style RVs.
Best for Large Loans: Truist RV Loans
Types of RVs financed: Class A and C motorhomes for larger secured loans; any type for unsecured loans.
APR range: 8.61% to 10.61%
Loan amounts available: starts at $10,000
Watch out for: Use restrictions. Truist doesn't allow the motorhomes it finances to be used as dwellings, which could be a problem for full-time RV-ers. Additionally, loans are not offered in Alaska, Hawaii, or Vermont.
Truist is best for RV loans over $100,000. While that figure seems high, it's probably necessary if you're considering one of the class A or C motorhomes that Truist finances with secured loans — these are generally more expensive RVs.
Truist is best for luxury RV purchases or financing large motorhomes. It's worth noting that Truist's RV loans may require a down payment since they're so large. Truist charges the same rates for both new and used motorhomes, which could be helpful for buyers looking for a used motorhome.
Best for Wide Range of RV Types: Alliant Credit Union RV Loans
Types of RVs financed: Class A, B, and C motorhomes. Conventional travel trailers, fifth-wheel travel trailers,expandable travel trailers, folding camping trailers, sports utility camping trailers, sports utility camping trailers, and park model RVs.
APR range: Starts at 7.04%
Loan amounts available: Up to $300,000
Watch out for: High credit score needed. Alliant doesn't disclose its credit score minimum, but you'll need very good credit to qualify for one of its loans.
Alliant has a litany of RV types it can finance. The RVs you borrow for must be less than 15 years old and have mileage under 75,000.
Alliant is a credit union, so you need to join Alliant to take out a loan. To qualify, you can work with one of the credit union's partner organizations, be a family member of an Alliant member, or work in a community near the credit union's corporate headquarters in Illinois. If none of those apply to you, you can qualify by joining Foster Care to Success, and Alliant will cover your $5 joining fee.
Best for Poor Credit: Southeast Financial RV Loans
Types of RVs financed: Any RV, no restrictions
APR range: Starts at 7.99%
Loan amounts available: $15,000 to $4 million
Watch out for: Restrictions if you have poor credit. If you don't have great credit, you'll be placed in Southeast Financial's Credit Challenge program and will only be able to borrow up to $75,000.
Southeast Financial is best for borrowers with poor credit. Other RV loan lenders don't allow borrowers with credit scores below 600 take out a loan, but Southeast Financial welcomes borrowers with poorer credit. Even if you have previous bankruptcies, the lender will still consider you for a loan. Keep in mind that the shakier your financial situation, the higher an interest rate you'll likely pay.
You'll also be able to get any type of RV you'd like with Southeast Financial — you won't have to worry about the restrictions you'll have to keep in mind with other lenders. Provided you have solid credit, you'll be able to borrow up to $4 million, which is a significant amount of money to finance the vehicle you want.
RV Loan Frequently Asked Questions
How long can I take to repay an RV loan? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.RV loan term lengths vary by lender and the amount you borrow. Larger loans for RVs tend to be longer, but each lender varies on the maximum length of time. It is possible to pay off an RV loan early in many cases. If you think might do so, be sure to avoid lenders with prepayment penalties.
Can I get a 10-year loan for an RV? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Yes, you can get a 10-year term on an RV loan. RV loans can be much larger than auto loans, and many lenders will give you more time to pay them off.
Can I get an RV loan with bad credit? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Some companies offer RV loans for borrowers with bad credit, but you'll probably pay a high interest rate. RVs are luxury items, and loans for RVs already have higher interest rates than car or home loans. They're also generally harder to qualify for as a result. In our research, we found that many RV lenders require a minimum credit score of 700.
Which RV Lender Is the Most Trustworthy?
The Better Business Bureau, a non-profit organization focused on consumer protection and trust, evaluates businesses using factors like their responsiveness to consumer complaints, honesty in advertising, and clarity about business practices. Here is each company's score:
| Lender | BBB Grade |
| LightStream | A+ |
| Truist | A+ |
| Alliant | A+ |
| Southeast Financial | A+ |
All of our top picks are rated A- or higher by the BBB. Keep in mind that a high BBB score does not ensure a positive relationship with a lender, and that you should keep doing research and talking to others who have used the company to get the most comprehensive information possible.
None of our top picks have any recent public controversies.
Other RV Lenders We Considered
- Bank of America: Bank of America only offers RV loans indirectly through select dealerships. You won't be able to apply online on your own, or purchase outside of a dealership.
- Navy Federal Credit Union: Navy Federal's loans for RV purchases start with APRs higher than those found at other lenders.
- USAA: A popular option for financing for military families, USAA's interest rates are not the most competitive for RV financing.
- US Bank: Interest rates start lower at other banks. Additionally, a 1% prepayment penalty applies if you pay off your loan within a year of opening it.
Other Ways to Finance Your RV Purchase
The lenders we've looked at aren't the only way you can get an RV loan. You might want to consider checking with your local credit union to see if they have RV financing available. Oftentimes, credit unions offer these types of loans. If you're a member or are open to joining a credit union, it could be beneficial to find out if it offers RV loans.
Another popular way to finance small RV purchases is with a personal loan. However, these unsecured loans may have higher interest rates than an RV loan. If you can qualify for an RV loan, it's probably your best bet.
How can I get an RV loan?
RV loans are much tougher to qualify for than an auto loan, with most RV lenders requiring a minimum credit score of 700 and requiring large down payments.
There are several things to expect in the process of getting an RV loan once you've found the trailer or motorhome you want to finance.
- Gather information on your employment, income, and other loans: Since RV loans can be large, expect to be asked for a lot of info on your income and assets. Like a home loan, some RV lenders ask to see two years of income history and tax returns. You may also need information on where you live and other debts you have.
- You'll need an inspection on the RV: Like buying a house, you'll need to have the RV inspected before you're able to get a loan on it. An inspection will likely cost between $150 and $200.
- You'll likely need to get a newer RV in order to finance it: Most RV lenders require that RVs are model year 2009 or newer. If you're looking for a vintage RV or trailer, financing might not be ideal. In these situations, you might want to consider waiting until you can pay with cash, or using a personal loan instead.
Why You Should Trust Us: How We Chose the Best RV Loans
Business Insider considered many factors important to RVers, including:
- A wide variety of RV types financed: We aimed to find lenders that accepted the most types of RVs, and tried to include lenders that financed both motorhomes and trailers when available.
- Interest rates: We compared the best personal loan interest rates from each lender, and the whole range if available.
- Loan fees: We looked for the lenders that have the lowest fees on RV loans, prioritizing those that have no fees.
- Better Business Bureau ratings: All lenders that took top spots in our roundup have A ratings with the BBB.
- Nationwide availability: We looked for lenders that had loans available in most states, if not all 50.
See our full ratings methodology for RV loans »
Liz Knueven Personal Finance Reporter Liz was a personal finance reporter at Insider. Before joining Insider, she wrote about financial and automotive topics as a freelancer for brands like LendingTree and Credit Karma. She earned her bachelor's degree in writing from The Savannah College of Art and Design. She lives and works in Cincinnati, Ohio. Find her on Twitter at @lizknueven. Read more Read less 
Ryan Wangman, CEPF Loans Reporter Ryan Wangman was a reporter at Personal Finance Insider reporting on personal loans, student loans, student loan refinancing, debt consolidation, auto loans, RV loans, and boat loans. He is also a Certified Educator in Personal Finance (CEPF).In his past experience writing about personal finance, he has written about credit scores, financial literacy, and homeownership. He graduated from Northwestern University and has previously written for The Boston Globe. Read more Read less 
Elias Shaya Compliance Associate Elias Shaya is a Compliance Associate on the Personal Finance Insider team based in New York City, which ensures content accuracy and editorial independence so readers are always getting up-to-date and objective financial advice.The team also works to minimize risk for partners by ensuring language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team. Elias is the point person for the loans sub-vertical and works with the editorial team to ensure that all rates and information for personal and student loans are up-to-date and accurate.He joined Insider in February 2022 as a fellow on the compliance team. Read more Read less Top Offers From Our Partners 
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