The Annual Percentage Rate or APR represents the total annual cost of your loan, including both the interest rate and any applicable fees. It provides a fuller picture of what you’ll actually pay over the life of your loan. When comparing loan offers, the APR makes it easier to determine which option is the best fit for your budget.

There is no one-size-fits-all number to qualify for an RV loan. We’ll review your whole financial picture and credit history when considering your application. Even if your credit is less than perfect, we may still be able to help.

Typical RV loan terms range from 10 to 15 years, depending on the lender, the borrower, the size of the loan, and the type of RV. At Listerhill Credit Union, we offer RV loan terms up to 15 years for qualifying borrowers.

The interest rate on your RV loan depends on several factors, including your credit profile, current debt, and income. The type of RV also matters, such as its size and whether it is new or used. Loan terms play a role as well, with longer repayment periods typically carrying higher rates. Market conditions can affect available rates too. Borrowers with excellent credit usually qualify for the lowest rates. Review the table above to see Listerhill’s current RV loan rates. You can also use our RV loan payment calculator to find the rate and loan terms that best fit your budget.

RV loans can be harder to qualify for than car loans. This is because RVs are considered luxury purchases rather than necessities, and loan amounts can also be significantly higher than those for other vehicles, with financing terms that are longer. Approval depends on your credit history, current income, existing debt, and the price of the RV.

While it’s possible to use cash from a personal loan or home equity loan, for the best rates and longest terms, it’s preferable to go with an RV loan for campers and travel trailers — especially if your vehicle is new. As with an auto or home loan, the financed property (your camper) serves as collateral for the loan.