Written by Jenn Jones │ Edited by Katie Lowery │ Updated March 1, 2023
|Lender||Starting APR range||Minimum loan amount||Maximum Amount||Terms (months)|
|5.74% – 19.95%||$10,000||$2,000,000+||60 – 240|
|5.99%* – 15.14%||$5,000||$100,000||Up to 120|
|6.74% – 19.95%||$10,000||$2,000,000||60 – 240|
|6.99%||$15,000||$100,000||Up to 180|
Through LendingTree, you could find new and used RV loan offers from lenders, including RV loans for motorhomes, fifth-wheels, travel trailers, pop-up campers and toy haulers. We can even help you with RV refinancing and with RV loans for bad credit.
Use our RV loan calculator to estimate your monthly payment and determine how much RV you can afford.
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Typical RV loan terms range from 60 months (five years) to 240 months (20 years). Longer terms are reserved for larger loan amounts, $50,000 and up, depending on the lender.
The average RV loan rate on closed loans accessed through the LendingTree platform from January 2022 through June 2022 was 6.45% APR. However, note that the Federal Reserve rate hikes may push this number higher.
Because RVs are considered luxury items, a credit score of 740 or above is strongly preferred by RV lenders. It is possible to get an RV loan with bad credit, but you’ll pay much higher interest rates.
The best way to get an RV loan is to shop around for the best one. Apply to several lenders before accepting an offer. The credit bureaus allow a window of at least 14 days for consumers to rate shop. Multiple applications won’t reduce your credit score any more than one, as long as you do them within two weeks.
The term of 144 months is 12 years; 180 months is 15 years.
You could use an RV loan for camper financing. If the camper doesn’t meet lender requirements for an RV loan — due to age, miles or another factor — you could consider applying for a personal loan.
Yes, Bank of America offers RV loans to consumers through partner dealerships. It does not offer RV loans directly to consumers. If you’d like a Bank of America RV loan, you’ll have to apply at a dealership.