RV loans and refinancing options

A secured RV loan uses your RV as collateral. Staying current on payments helps you maintain ownership of your collateral. An unsecured RV loan does not have collateral. Because of that, it may have a higher interest rate compared to a secured RV loan.

Our Truist secured RV loans provide simple applications, quick approvals, and funding as soon as today.^{Disclosure 2}

For secured RV loans, there is no set credit score requirement, although higher credit scores are generally viewed more favorably and can result in lower interest rates. Other factors are also considered when you apply for a loan, including but not limited to your income, debt-to-income ratio, and any down payment you plan to make.



Here are some characteristics we find people with good-to-excellent credit share:

• Credit history: Several years of credit history (excellent credit profiles have 5 or more years) with a variety of account types, including major credit cards, installment loans, vehicle loans, and mortgage debt, if applicable.

• Assets: The ability to save money, shown by retirement or investment accounts, as well as liquid assets such as checking and savings accounts.
• Income vs debt: Stable income and assets with the ability to repay current debt obligations in addition to your new RV loan. (Excellent credit profiles typically include little, if any, credit card debt.)
• Payment history: A good-to-excellent payment history with few or no late payments, and no other problems repaying debt.


Everyone’s credit profile is unique, and during our approval process, we look beyond your credit score and examine your entire credit profile. Please note: A high FICO® score doesn’t guarantee approval.

Note for joint applicants: Each party on an application is reviewed equally since they share responsibility for this loan.

Refinancing your RV loan can be a great way to take advantage of lower interest rates and decrease your monthly payments.

If you have an existing Truist secured RV loan, you’ll need to make six (6) contractual payments before you can refinance.

Keep in mind that the RV title must be in your name, and you’ll need a copy of your current registration before you can refinance your existing loan.

With a secured refinance loan, Truist will mail your payoff amount to your previous lender, and you’ll begin making payments to Truist under the terms of the new loan.