The top 4 RV loan lenders for 2024.

RVs are large, enjoyable, and costly. Fortunately, you don't have to pay the full price of an RV upfront. Similar to a car loan, an RV loan allows you to begin your journey and settle your debt later. While some of the best RV loans are offered by lenders who specialize in this type of financing, personal loan lenders can also provide a competitive deal.

Several lenders were compared by CNBC Select, resulting in some of the top financing options for an RV.

Compare offers for the best personal loans

Best for lower credit scores

If you have a FICO score below 580 to 669 and are struggling to find a lender, OneMain Financial may be a suitable option. However, if your score is higher, you may be eligible for better loan terms.

OneMain Financial does not impose any prepayment fees for settling your loan balance ahead of schedule.

Best for fast funding

For those in a rush to obtain cash for their RV, LightStream offers unsecured loans that can be approved and funded within one business day (subject to certain conditions). If you apply on a banking business day and receive approval from Lightstream, you can simply review and electronically sign your loan agreement, provide Lightstream with your banking information and funding preference, and complete a final verification process by 2:30 p.m. ET.

LightStream provides a 0.50% interest rate discount for borrowers who choose Autopay, but this offer can only be utilized before loan funding.

Best for large loan amounts

For those whose dream RV costs as much as a house, Southeast Financial can assist with loan amounts up to $4,000,000.

Southeast Financial provides repayment options of up to 20 years, allowing you ample time to settle your seven-figure debt.

Best from a big bank

Is this for you? If you value the comfort of a well-known brand in the industry, Discover may be a suitable option for your RV loan, as they also offer checking and savings accounts.

A soft credit pull will be conducted by Standout benefits on your loan amount to determine your interest rate without negatively impacting your credit score.

OneMain Financial

This lender does not impose prepayment penalties, but late fees can be either a flat fee of $30 or up to 15% of the late amount of your last monthly payment.

Loan amounts

$1,500 and $20,000

Loan terms

24, 36, 48 or 60 months

LightStream

LightStream offers loans of $5,000 to $100,000 without requiring collateral and does not charge prepayment penalties. Funding can be received on the same business day if the application is approved and all necessary steps are completed by 2:30 PM Eastern Time on a banking business day.

Loan amounts

$5,000 to $100,000

Loan terms

24 to 240 months dependent on loan purpose

Southeast Financial

Southeast Financial provides loans for RVs, boats, trailers, and motorcycles, accepting credit scores as low as 575. However, the lender is not forthcoming about its fees.

Loan amounts

$10,000 to $4,000,000

Loan terms

Up to 20 years

Discover

Borrowers who submit a complete and error-free application may receive their loan disbursement on the next business day.

Loan amounts

$1,500 to $20,000

Loan terms

36 to 84 months

Why trust CNBC Select?

Our goal at CNBC Select is to deliver top-notch service journalism and in-depth consumer advice to our readers, enabling them to make well-informed decisions when it comes to their finances. Each article we publish is the result of thorough reporting by our team of expert writers and editors, who possess extensive knowledge of loan products. At CNBC Select, we maintain the highest journalistic standards and ethics, and we earn a commission from affiliate partners on many offers and links. However, our content is created independently, without any input from our commercial team or external third parties. To learn more about our methodology for selecting the best RV loans, please refer to our website.

Our methodology

CNBC Select evaluated various U.S. lenders that offer personal loans for RV purchases and RV-specific loans. Additionally, we analyzed audience data, such as demographics and engagement with our content and tools, to determine the best personal loans for financing an RV.

We prioritized the following features when evaluating and ranking loans.

Most lenders on our top list do not require borrowers to pay a fee for processing their loan.
A fixed rate APR ensures that your monthly payment remains constant, making it easier to plan your budget. However, variable rates may fluctuate over the course of your loan.
Each lender offers a range of financing options that you can tailor to your project budget and repayment timeline.
Our list of lenders does not charge borrowers for paying off loans early.
We evaluated lenders' same-day approval decisions and fast online application processes for a streamlined application process.
Our customer support team offers customer service via telephone, email, or secure online messaging for every loan on our list. Additionally, we have chosen lenders with an online resource hub or advice center to help you educate yourself about the personal loan process and your finances.
Fund disbursement: Our loans provide prompt funds through either electronic wire transfer to your checking account or in the form of a paper check.
Autopay discounts: We observed the lenders who offer APR reductions for enrolling in autopay.

The interest rate and monthly payment for a loan may fluctuate based on the Fed rate, but once you agree to the loan agreement, a fixed-rate APR will ensure consistency throughout the loan term. Your APR, monthly payment, and loan amount are determined by your credit history and creditworthiness. To obtain a loan, lenders will perform a hard credit inquiry and require a full application, which may include proof of income, identity verification, proof of address, and more.

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