Credit Score Needed to Buy an RV

If you are planning to buy an RV and don’t have the cash, you might be considering getting an RV loan. However, to get an RV loan, you need to meet the minimum credit score for RV loan approval. Recreational vehicles like travel trailers allow you to explore in great comfort and therefore come at a huge price. Therefore, in this article, we are going to discuss the credit score needed for RV financing, interest rates, and loan terms.

Requirements to Apply for an RV Loan

Recreational vehicles are expensive compared to ordinary cars. Therefore, many lenders and credit unions are selective regarding financing options for RV loans. To apply for an RV loan, there are some requirements you need to meet. They include the following:

  • A down payment. You are likely to get an RV loan if you are able to secure a down payment. Ensure that you have at least 10% down payment of the total purchase price.
  • Minimum credit score. You also need a minimum credit score needed for a RV loan. The credit score needed for RV loan varies from one lender to the other.

What Credit Score is Needed to Buy an RV?

What credit score is needed to buy a camper? The minimum credit score needed to buy a RV is around 650 to 700. Strive to ensure that your credit score is closer to or over 700. With such a credit score, it is a demonstration of strong creditworthiness. With that, you can easily qualify for an RV loan.

However, even if you have a lower credit score of less than 650, you can still get an RV loan. RV loan with bad credit are likely to be more expensive and will attract higher interest rates.

Credit Score RangeLoan EligibilityInterest Rates
650-700Easily qualifyNormal rates
Below 650Still eligibleHigher rates

Typical Interest Rates on RV Loans

Recreational vehicle loan interest rates depend on loan terms like the amount of money you are applying for. For instance, you can find RV loans with lower payments spread over a long period while others have higher payments with shorter repayment periods. RV loans with shorter repayments are more advantageous in that they attract lower interest rates.

The following is a representation of terms and interest rates for RV loans.

Loan TermTypical APR
Less than 24 months4.00%
25-36 Months4.45%
37-48 Months4.60%
49-60 Months4.85%
More than 61 months5.3 to 5.55%

Best RV Loan Lenders

The following are some of the best RV lenders in the market.

Great RV Loan

Great RV Loan are located in California and have been in business since 2002. You can get financing for your RV for up to $2,000,000 for different kinds of RVs like travel trailers and fifth wheels. They offer to finance for new and used RVs. Even if you have bad credit, you can still get RV financing. You need to have a good credit score of at least 650 to qualify.


Alliant is a Credit Union that has its headquarters in Chicago. They do not disclose the minimum credit score needed for an RV, but you need a good credit score to qualify. You can use them to finance new or used RVs. You can also qualify if you intend to live in your RV full time. Their interest rates range between 4.24% and 5.24% with a maximum loan term of 240 months. The maximum RV age is 15 years old.


Lightstream is headquartered in Charlotte, North Carolina. They offer unsecured RV loans. You can get same-day approval for funding. Lightstream interest rates start from 4.29% and the maximum loan term is 84 months. You need a good credit score need to buy an RV. You can get funding of between $25,000 and $100,000. There are no restrictions on the maximum age of RV.

My Financing USA

My Financing USA is a good RV lender for people with a good and bad credit scores. It has been in business since 2003 and has its headquarters in Louisville. The minimum credit score needed for a RV loan is 570. You can get RV financing of up to $10,000. Interest rates start from 3.64% APR with a maximum loan term of 240 months. The RV should not be older than the 2008 model. They approve RV financing for RVs meant for recreational use only.

Southeast Financial Credit Union

Southeast Financial Credit Union is a lender that is headquartered in Nashville, Tennessee. It is the best RV loan lender for used RVs. It does not have a minimum credit score needed for RV loan. They offer RV financing for different kinds of RVs like Class A and C motorhomes, fifth wheels, and travel trailers. Their interest rates start from 4.24% APR with a maximum loan term of 240 months. No minimum credit score is needed and they approve RVs meant for recreational use only.

Is it Easy to Get RV Financing?

RV financing is challenging to get compared to a car loan. It is as equally challenging as it is to get a car loan. You need good credit scores to qualify for one. You may also need to make a down payment of at least 10% to qualify for RV loan.

Credit Score Needed to Purchase an RV

To buy an RV, you need a credit score of between 650 and 700. It is challenging to get an RV loan compared to a car loan. The above are some of the best RV loans in the market you can consider. The interest rates for RV loans differ with loan repayment terms. Shorter repayment terms attract lower interest rates. Consider interest rates, repayment terms, minimum credit score, and maximum RV when choosing an RV loan.

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Vincent is a writer and researcher with an interest in finance, banking, startups, and remittance. He holds a Bachelors degree in Applied Statistics with computing. He founded Nexin Startups, an online platform offering startup advice to investors and entrepreneurs. Read more about us and our authors.