rv loans

RV Loans

Hit the Road in a Motorhome, Travel Trailer, or Camper

Adventure is waiting–all you need now is an RV (and maybe a map, too). Get started with an RV loan from Greater Nevada Credit Union, your local source for recreational loans and financing.

What’s an RV Loan?

Recreational vehicles (more commonly known as “RVs”) are vehicles or trailers that come with living accommodations, like a bedroom, bathroom, and sometimes a living area. Many people use them to conveniently travel without the need to book hotel rooms or campgrounds.

At Greater Nevada, recreational loans are offered with competitive interest rates and flexible terms to purchase many different kinds of RVs: motorhomes, fifth wheels, travel trailers, campers, and more (restrictions may apply).

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Competitive Rates & Terms

Members enjoy access to competitive loan rates and terms. If the minimum financed amount exceeds $100,000, well-qualified borrowers may be eligible for terms up to 240 months.

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Buy New or Used

With an RV loan from Greater Nevada, you can purchase the new or used vehicle of your choice.

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All-Inclusive Financing

Keep your purchase simple. Tax, license, and extended warranties may be rolled into your RV financing.

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Additional Protection Products Available

Rest a littler easier at night when you elect to include Guaranteed Asset Protection (GAP) and Payment/Debt Protection coverage (limitations may apply).

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Get Pre-Approved

Get pre-approved for the RV of your dreams and bring more buying (and bargaining) power to the conversation. Start by running some test scenarios using our free loan calculator.

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RV Loan Refinancing

Let’s explore refinancing your existing RV loan from elsewhere, including if a cash-out refinance could be a possibility for you.

Which RVs Are Eligible for Financing?

New or used, camper or fifth wheel, lots of different types of recreational vehicles are eligible for financing through Greater Nevada. The only exception is that RVs may not be kept permanently in one location (for example, parked in a trailer park or mobile home community).

Terms and conditions vary, but for the most part, our RV financing options are competitive. Contact us to learn more about current RV loan rates and other details.

Frequently Asked Questions

Get ready to apply for an RV loan (and find out what documents you’ll need) with these frequently asked questions and their answers.

What are typical RV loan terms?

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RV loan terms vary by financial institution and borrower. However, Greater Nevada is a not-for-profit financial cooperative, and our goal is to offer our members low interest rates and flexible terms. Well-qualified borrowers may be able to enjoy longer terms, especially if the minimum amount financed is $100,000 or more, at our credit union.

Is it hard to get financed for an RV?

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In general, securing financing for RV loans is similar to securing financing for standard vehicle loans with a few other criteria depending on the RV type. A key part to approval is going to be related to your credit history. Interested to see where you stand with your credit report? Members can take advantage of our free My Credit Health feature within Digital Banking offering a powerful one-stop-shop to access your credit score, credit monitoring, credit score simulator, financial tips, and more. All of this without impacting your credit score, and all online.

How much should a down payment be for an RV?

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Though requirements vary by lender, most financial institutions ask for at least 20% of the RV’s total cost as a down payment. Doing so can help you get the best interest rate available and make your monthly payments more affordable. Small down payments may result in higher interest rates, or non-approval based on the requested borrow amount.

Is it easier to get an RV loan or a personal loan?

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You may already know that personal loans can be used for just about anything–vehicle purchases included. However, if you’re unsure whether to use a personal loan or a recreational loan to purchase an RV, consider this: RVs are “luxury vehicles.” This means that the application process, as well as repayment terms, may differ–and be more complex–than personal loans. However, recreational loans are also eligible for unique insurance and protection plans to make financing and repayment simpler. Our expert lending team will be happy to explore all possible options with you.

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Apply for an RV Loan

The first step toward getting your RV? Applying for a recreational vehicle loan with Greater Nevada.

Other Recreational Loans

RVs aren’t the only ways to adventure and explore. With recreational loans from Greater Nevada, you can boat or bike your way to any destination.