RV Loan Calculator: Monthly Payments on Motorhomes, Campers and Caravans

This RV loan calculator shows estimated monthly loan payments so you can determine how they fit into your budget.
Annie MillerberndMay 12, 2021

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An RV loan calculator can show you what your monthly payments on an RV loan may be, as well as how much you’ll pay in total interest.

Use this RV loan calculator to estimate the cost of financing a new motorhome, camper or caravan. Enter the loan amount, how long you need to repay the loan and what annual percentage rate you expect. If you’re not sure what to enter in any category, check the section below the calculator for examples.

How to use this calculator

You can adjust the loan amount, term or rate to see different results in the calculator. Here’s what to expect from an RV loan.

Loan amount: This is the amount you expect to borrow. Unsecured RV loans range from $1,000 to $100,000, which is the maximum amount you can enter into this calculator. Secured loans can be more than $300,000. Have an estimate of the RV’s purchase price before you start shopping for a loan, so you know which lenders offer large enough loans.

Repayment term: This is how many years you’ll need to repay the loan. Unsecured RV loan terms are usually two to seven years, while secured RV loan repayment terms can be up to 20 years. You can enter any repayment term into this calculator. You’ll pay more total interest with a longer repayment term, while a shorter repayment term means you’ll have higher monthly payments.

Annual percentage rate: The annual percentage rate is the interest rate you expect to get plus any fees. Your credit score and history, as well as your income and existing debts help determine rates on unsecured loans. With a secured loan, the RV’s age and mileage also factor into your rate.

Here are average estimated APRs on unsecured personal loans, based on FICO score ranges:

How's your credit?

Score range

Estimated APR












25.3% (Lowest scores unlikely to qualify).

Source: Average rates are based on aggregate, anonymized offer data from users who pre-qualified in NerdWallet’s lender marketplace from July 1, 2020, to July 31, 2021. Rates are estimates only and not specific to any lender.

RV loan calculator

Secured vs. unsecured RV loans

An RV loan can be secured by the RV you’re purchasing or unsecured with no collateral.

Secured RV loans are more common at banks and credit unions. These loans can have a required or optional down payment, which would lower your loan amount. Because the RV is collateral for the loan, a lender can take it from you if you fail to make payments. Some banks and credit unions allow you to get preapproved to see a potential loan offer, which you can use to negotiate.

Unsecured RV loans are mostly found at online lenders. These loans don’t require collateral or a down payment, but they may have higher rates than secured loans.

You can pre-qualify for an unsecured loan to see what rates, terms and loan amounts you may be approved for without affecting your credit score. NerdWallet lets you pre-qualify with multiple online lenders.

Other loan calculators

Credit score loan calculator: See what rate you could qualify for on a personal loan, based on your credit score.

Debt-to-income calculator: Find out your debt-to-income ratio, which most lenders consider when you apply for a personal loan.

Personal loan calculator: Check estimated interest rates and payments for a personal loan, based on your credit score.

Frequently asked questions

Enter information about the RV loan amount, rate and repayment term you want, and select "Calculate." The results will show you how much you should expect to pay toward the loan each month and what you'll pay in overall interest. You can adjust the inputs to see how a different amount, rate or term affects your payments.

Rates on unsecured RV loans start around 6%, while rates on secured RV loans can be as low as 4.3%. The rate you get on an RV loan depends on things like your credit score, income, existing debts and whether the loan is secured or unsecured.

RV loans can have repayment terms between one and 20 years. Unsecured loans typically have repayment terms between one and seven years, while secured loan terms can be much longer. A shorter repayment term means your monthly payments will be higher, while a loan with a longer term will cost more in overall interest.

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