Purchasing an RV is an exciting thing to do in life but the majority of them cannot meet the whole cost without the help of financing. Just like any car loan or mortgage, RV loans have interest rates that may significantly affect the bottom line cost of ownership. Interest rates on RV loans in 2025 differ greatly based on your credit score, kind of RV, and loaning enterprise. The ranges can vary significantly as well with some borrowers with perfect credit getting single-digit rates whereas other borrowers with much poorer credit can receive rates as high as the APR.
Knowing the rates of an average RV loan today is very important before you sign any documents. Interest rates may vary between approximately 6% to a higher than 15% in the case of top-qualified and fair or poor credit borrowers respectively. Other factors, such as the term of the loan, extra down payment, new or used RV also make a significant difference. The foreknowledge of these pieces of information will allow you to prepare your budget, research lenders, and receive the best RV financing opportunity in your case.
By 2025, there are so many banks, credit unions, and online lenders that provide RV loans that it is a breeze to compare different lending terms. This article dives into the mean APRs, how credit scores influence your offers and what you can do in order to get a better deal. You may need RV loans to purchase a new motorhome or a used travel trailer; either way, being clear on the interest rates on RV loans today will help you finance with confidence.
How RV Loan Interest Works
RV loans are similar to car loans, but they usually come with longer terms and bigger amounts since RVs can cost much more. When you borrow money for an RV, the lender charges you interest in return for lending you the funds. This cost is shown as an APR (Annual Percentage Rate), which includes both the interest rate and any lender fees. The APR gives you the full picture of how much the loan will cost you each year.
There exist two primary types of RV loans, the secured, and the unsecured loans. A secured RV loan is one that uses the RV as the collateral. This tends to reduce the interest rates, but in case you default the payments, the lender can repossess the RV. Unsecured loans do not put the RV at risk, but unsecured loans are at higher APRs since they are riskier to a lender.
The term length of a loan is another factor that should be known. The loan terms to acquire V loans vary between 3 years and 20 years. The longer the term, the smaller you can make your monthly payment; however, in many instances, the total cost of interest is more. Short terms on the other hand are generally at a low interest rate but have increased monthly payments. Knowing this will give you insight on how various options- such as taking a secured loan vs unsecured loan or taking a shorter term or a longer term- may influence your total RV loaning.
Current Average RV Rates in 2025 — By Credit Score
In 2025, RV loan interest rates vary the most by your credit score. Lenders use your credit history to decide how risky it is to lend to you. If you have a high credit score, you’re seen as low risk, so you’ll often qualify for the lowest APRs. If your credit score is lower, lenders may charge a higher rate to protect themselves from risk.
Here’s a look at the average RV loan interest rates by credit band in 2025:
| Credit Score Range | Credit Band | Average APR (2025) |
| 720 – 850 | Excellent | ~9.05% |
| 680 – 719 | Good | ~11.86% |
| 640 – 679 | Fair | ~14.09% |
| 300 – 639 | Poor | ~16.19% |
Source: Recent RV financing market data
As you can see, a few percentage points can make a big difference in how much you pay overall. For example, someone with excellent credit might pay around 9%, while a borrower with fair credit could see a rate closer to 14%. On larger RV loans, that difference adds up to thousands of dollars over the life of the loan.
Keep in mind that these are averages. Some lenders may advertise promotional rates as low as 6% for top-qualified borrowers, while others may charge higher rates—sometimes above 20%—for applicants with poor credit. That’s why it’s important to compare multiple offers and not rely on just one lender.
New vs Used RV: Rate Differences & Why
When it comes to RV financing, whether you buy a new or used RV can also affect the interest rate you get. In most cases, lenders offer lower rates on new RVs compared to used ones. That’s because a brand-new RV holds more value as collateral, making it less risky for the lender.
In the second case, there are slightly higher APRs on used RV loans. RVs are also more likely to have high mileage used, reduced longevity and a lesser resale value. All these make the lender pose a greater risk. Lenders normally increase the interest rate a little bit on aged RVs to cover that risk.
As an example, a borrower with decent credit may receive a loan at 79% APR at new RV and 1012% APR at a used RV. The difference may appear insignificant but after 10 or 15 years it can amount to large sums of money.
You could still find competitive financing when buying a used RV by using a larger down payment, taking a shorter-term or applying with a credit union that specializes in recreational vehicle financing.
What Affects Your RV APR
RV loan interest rates in 2025 depend on more than just your credit score. Lenders look at several factors before deciding your APR. Knowing these can help you improve your chances of getting a better deal.
Here are the main things that affect your RV loan rate:
- Credit Score – This is the biggest factor. A higher score usually means a lower APR. Borrowers with excellent credit may qualify for single-digit rates, while those with poor credit often see rates above 15%.
- Debt-to-Income Ratio (DTI) – Lenders check how much of your income already goes toward debt. A lower DTI shows you can handle payments more easily, which helps you get a better rate.
- Loan Term – Shorter loans usually come with lower interest rates but higher monthly payments. Longer terms can lower your monthly payment, but the APR is often higher.
- RV Type and Age – New RVs typically qualify for lower APRs because they hold value better. Used RVs, older models, or those with high mileage may push your rate higher.
- Down Payment – Putting more money down reduces the lender’s risk. A bigger down payment can often get you a lower rate.
- Lender Type – Banks, credit unions, and online lenders all set different rates. Credit unions and RV specialty lenders sometimes offer more competitive APRs than traditional banks.
- Purpose of Use – Some lenders charge more if you plan to live in your RV full-time, as it increases the risk of wear and tear.
By understanding these factors, you can take steps like improving your credit, saving for a bigger down payment, or comparing multiple lenders to find the lowest rate available.
Typical Monthly Payment Examples
Interest rates may seem like just numbers, but they can make a big difference in how much you actually pay each month. To give you a clear idea, here are a couple of common RV loan scenarios with different APRs.
Example 1: New RV Purchase
- Loan Amount: $50,000
- Down Payment: 10%
- Loan Term: 10 years (120 months)
| APR | Estimated Monthly Payment |
| 6.5% | ~$568 |
| 9% | ~$633 |
| 12% | ~$718 |
Example 2: Used RV Purchase
- Loan Amount: $80,000
- Down Payment: 5%
- Loan Term: 15 years (180 months)
| APR | Estimated Monthly Payment |
| 7% | ~$719 |
| 10% | ~$859 |
| 13% | ~$1,009 |
As you can see, even a 2–3% difference in APR can change your payment by hundreds of dollars over the life of the loan. That’s why comparing rates and shopping around is so important before you finalize your RV financing.
Top Lenders and What They Offer
There are many options for RV financing in 2025, and the best choice depends on your budget, credit score, and the type of RV you’re buying. Here are some of the main lender types and what they typically offer:
1. Banks
The conventional banks like the U.S. Bank have an RV loan with competitive rate charges where a borrower already has an account with them. Their terms of loans and loan amounts tend to be flexible, but their approval process can be felt to be higher as opposed to other lenders.
2. Credit Unions
Credit unions such as Navy Federal Credit Union or Alliant Credit Union are the popular ones among RV loans. They typically offer better rates and terms than larger banks, at least to people whose credit is good or excellent. This could be one of the cheapest means of financing an RV in case you qualify to join.
3. Online Lenders
Lenders such as LightStream (part of SunTrust/Truist Bank) also make it possible to get RV loans through an entirely online process. They are characterized by quick approval and can promise a very low initial rate to best credit borrowers. But not all will be able to receive their lowest APRs.
4. RV Specialty Lenders
Specialized lenders like and Trident Funding are specialized in RV loans and boat financing. They know the market and are able to provide longer term loans of up to 20 years on motorhomes or fifth wheels. Such lenders can even be more lenient in the RV types than typical banks.
5. Dealership Financing
In-house voluntary financing is proposed in many RV dealers. Although convenient, dealer loans can come at a higher APR or with extra charges. You should really compare a dealer’s offer to at least one bank or credit union offer, before you sign.
Examining offers of different lenders will increase your chances of getting the lowest RV loan interest rate in 2025.
How to Get the Best RV Loan Rate
RV loan interest rates in 2025 can vary a lot, but there are steps you can take to improve your chances of getting the lowest possible APR. Here’s a simple checklist to guide you:
- Check and Improve Your Credit Score – Since credit score has the biggest impact on your rate, pay down debts, make on-time payments, and fix any errors on your credit report before applying.
- Save for a Bigger Down Payment – The more money you put down, the less you need to borrow. This lowers the lender’s risk and can help you qualify for a better APR.
- Choose a Shorter Loan Term – A 5- or 10-year term usually comes with a lower interest rate than a 15- or 20-year term. While monthly payments may be higher, you’ll save money in total interest.
- Compare Multiple Lenders – Don’t settle for the first offer. Check rates from banks, credit unions, online lenders, and RV specialty lenders to see who gives you the best deal.
- Get Prequalified – Many lenders allow you to check your potential rate without a hard credit check. This lets you compare options without hurting your score.
- Consider a Credit Union – If you’re eligible for membership, credit unions often beat banks on RV loan rates and fees.
- Avoid Extra Add-Ons – Dealers sometimes roll extended warranties or add-on products into loans, which can raise your APR. Keep your financing clean and simple.
By preparing ahead and shopping around, you can save thousands of dollars over the life of your RV loan and enjoy more affordable monthly payments.
Refinancing an RV — When It Makes Sense
Just like with home or auto loans, you can refinance an RV loan if you find a better deal. Refinancing means replacing your current loan with a new one, usually at a lower APR or with better terms. In 2025, many RV owners are considering refinancing to save money as interest rates shift.
Refinancing makes sense in situations like these:
- Your credit score has improved – If your score is higher now than when you first financed your RV, you may qualify for a lower APR.
- Rates in the market have dropped – Interest rates change over time. If today’s average RV loan rates are lower than when you first borrowed, refinancing could reduce your monthly payment.
- You want a shorter term – Switching from a long loan term to a shorter one can help you pay off the RV faster and save money on total interest.
- You need to lower monthly payments – Extending your term may raise the total interest you pay, but it can free up cash each month if your budget is tight.
Before refinancing, make sure to check for any prepayment penalties on your current loan and compare multiple offers. Also, lenders may have rules about the age of the RV they are willing to refinance, so keep that in mind.
Risks & Things to Watch
While RV loans make it possible to own your dream motorhome or travel trailer, there are some risks to keep in mind before signing the paperwork.
- Long-Term Debt – RV loans can last up to 15–20 years. A longer term may give you lower monthly payments, but you’ll pay much more in total interest over time.
- Depreciation – RVs lose value quickly. This means you could end up “upside-down” on your loan, owing more than the RV is worth if you try to sell early.
- Full-Time RV Living – Some lenders charge higher rates, or may not finance at all, if you plan to live in your RV full-time. Be upfront about how you’ll use the RV to avoid issues later.
- Hidden Fees – Watch out for loan origination fees, dealer markups, or add-ons that can raise your APR and overall cost.
- Variable Rates – While most RV loans have fixed APRs, some lenders may offer variable rates. These can increase over time, making your payments less predictable.
By knowing these risks, you can make smarter decisions, compare offers carefully, and choose an RV loan that fits your long-term budget.
Conclusion
Getting a good RV loan in 2025 entails planning, researching and making shrewd financial decisions. Following these steps can help you save a lot of money on your dream RV purchase: by raising your FICO credit score, by doing your homework, and by contacting loan lenders with the best terms to negotiate a lower lending rate. It is important to note the cheapest loan does not necessarily mean the cheapest monthly payment–it means the right combination of rate, term, and affordability. Having the correct strategy, you will have no doubts and fear being on the road.
Frequently Asked Questions (FAQ)
1. What is a good RV loan interest rate in 2025?
A good RV loan rate in 2025 is usually between 6% and 9% for borrowers with excellent credit. If your credit score is lower, you may see rates in the 10%–16% range or higher.
2. Do new RVs have lower loan rates than used RVs?
Yes. Lenders usually offer lower APRs for new RVs because they hold more value and are less risky to finance. Used RV loans often come with slightly higher rates.
3. How long can I finance an RV?
Loan terms can range from 3 years up to 20 years depending on the lender, the RV’s price, and your credit profile. Longer terms lower monthly payments but usually raise the total interest cost.
4. Can I refinance an RV loan?
Yes. Refinancing is possible if you find a better APR, want to shorten your loan term, or need to reduce your monthly payment. Just make sure to check your current loan for prepayment penalties.
5. What credit score do I need for an RV loan?
Most lenders prefer a score of 670 or higher for competitive rates. Some lenders will approve borrowers with lower scores, but the APR will be higher.
6. Is a down payment required for RV loans?
Many lenders require at least 10% down, though some may ask for more depending on the RV’s age and your credit. A larger down payment can also help you qualify for a lower APR.
7. Should I get financing through an RV dealer?
Dealer financing can be convenient, but it’s not always the cheapest. Compare offers from banks, credit unions, and online lenders before accepting a dealer’s loan.
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