On average, RV loans range from 10-15 years, but many banks, credit unions and other finance companies will extend the term up to 20 years for loans of $50,000 or more on qualified collateral.
Besides, who has the best RV financing?
The 5 Best RV Loans of 2021
- Best Overall: Alliant Credit Union.
- Best for Bad Credit: Southeast Financial.
- Best for Good Credit: Bank of the West.
- Best for Quick Funding: LightStream.
- Best for Large Loans: SunTrust.
Consequently, what is the average interest rate for an RV loan? around 4% – 6%
Moreover, what banks give RV loans?
Secured RV loans
| Lender | Best for | Starting APR |
|---|---|---|
| Bank of the West | Best overall secured RV loans. | 4.29% |
| Alliant Credit Union | Best secured RV loan for preapproval. | 4.24% |
| U.S. Bank | Best secured RV loan for existing customers. | 5.24% |
| USAA | Best secured RV loan for military members and their families. | 5.75% |