Some of the biggest banks such as bank of america and chase don t have rv financing among their products however usaa bank and wells fargo bank do offer rv loans.
Rv interest rates wells fargo.
What are the current interest rates for rv loans.
Rates as low as 5 24 apr annual percentage rate are available for 4 year rv loans 25 000 and higher at 100 loan to value ltv or less on a new rv.
But if you have poor credit such as a fico score below 580.
A 65 399 loan includes a 399 processing fee for 5 years with a fixed interest rate of 3 747 would have an apr of 3 99 and 60 monthly payments of 1 96 97.
Interest rates are determined by a combination of factors.
Specialty vehicle loans are secured loans with fixed interest rates and funding in as little as one.
Wells fargo rv loans.
Wells fargo can provide financing for a variety of specialty vehicles including offering rv loans for campers motorhomes travel trailers tent trailers mini motorhomes folding trailers toterhomes and toy haulers.
Check back periodically as we regularly add new rates pages.
Rates terms and fees as of 10 02 2020 10 15 am eastern daylight time and subject to change without notice.
Rates may be higher for loans to purchase an rv from a private party smaller loan amounts longer terms used rvs and a lower credit score.
Annual percentage rate.
Wells fargo does not provide a minimum credit score requirement for its rv loans but credit score will be a factor in determining whether you qualify and at what interest rate.
Credit unions according to the national credit union administration credit unions offer lower average rates on all types of loans compared to other lenders.
The bank will also verify your income and the value of the rv which will be used as collateral to back up the loan.
Each rate adjustor applies independently.
Example of a refinance recreational use rv loan.
Lenders will take into consideration the amount of the loan the term of the loan and the creditworthiness of the buyer among other factors that are unique to the lender.
If you have excellent credit current rv financing rates start around 4 29 percent.
Multiple rate adjustors may apply for a single request.
Look up current rates on a variety of products offered through wells fargo.