Rv Financing Terms

We offer rv financing terms from 60 months 5 years up to 240 months 20 years depending on the amount you are financing the age of the rv and your credit history.

Rv financing terms.

When you want to take the comforts of home with you on the road suntrust can help with low rates on a loan to finance any variety of motorhome rv or camping trailer. We want to earn your business regardless of your budget. Let s say you plan to buy a 50 000 rv. No park models or tiny homes.

We do not require your rv loan to be a minimum of 25 000 like most of our competitors. Great rv loan rates and terms. 20 year loan terms available on loan amounts of 50 000 rv financing for full timers. Refinance of existing rv loans.

A 10 year loan will have higher monthly payments but. A twenty five percent down payment is usually required on 20 year terms 240 months an rv loan for 100 000 or more may receive a 20 year loan if desired. General guidelines for rv financing terms. 20 000 minimum loan amount.

On average rv loan terms range from 10 to 15 or even 20 years. The length of your rv loan term could also affect how much interest you pay on your loan a longer loan term means you ll pay interest for longer. Loans for new used rv s. This is only an example and the apr and processing fee may differ for your specific transaction.

We offer some of the lowest rates and extended terms in the recreational financing industry regardless of how much you are financing. Rates and terms are subject to change. 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. Example of a refinance recreational use rv loan.

Make sure you re comfortable with the monthly payment over the long term. A 25 000 rv loan at a 48 month term monthly payments would be 578 45 and apr of 5 24. A prepayment penalty fee of 1 of the original loan amount applies if the account is closed within 1 year with a 50 minimum and 100 maximum. While many lenders offer loan terms of up to 10 to 15 years some will allow you to pay back your loan for 20 years or even longer.

Rvs under 100 000 or more than 5 years old will have a quarter percent increase on their interest rate. Apply for your rv loan today and enjoy the benefits of your good sam club membership. The loan term and details for financing a new or used rv or camper are very similar.