![]() Past bankruptcies are allowed as long as they’re discharged, with stable income requirements of only $25,000. The Credit Challenge Program offered by Southeast Financial offers to connect borrowers with credit scores as low as 550 to banks willing to offer them RV loans. Through Southeast Financial, however, borrowers with bad credit aren’t just accepted-there’s an entire loan program dedicated to them. Getting approved for a competitive loan can be tough if you have poor credit or a past bankruptcy. Also, potential borrowers are not able to rate-shop without joining the credit union. For instance, they don’t specify things like down payment requirements for RV loans or loan-to-value (LTV) limits for refinancing. Same-day funding is possible in many cases, and loan pre-approval is available if you’re still shopping around.Īs a membership-based banking institution, there is some information that Alliant does not publish online. ![]() Refinance loans are also available to qualified applicants, and both original and refi loans are offered to borrowers in all 50 states. There are no prepayment penalties or fees involved with an Alliant RV loan. Rates are competitive and range from 5.09% APR to 5.54% APR. Loans are offered up to $400,000 with repayment terms as long as 20 years. While many lenders only offer loans to those who use their RV recreationally, Alliant accepts applicants who plan to live in the vehicle full-time. ![]() RV loans through Alliant Credit Union are available to both part- and full-timers. If none of these apply to you, you can simply support Alliant’s partner charity and you’ll be eligible for membership. Though membership is required in order to obtain one of these loans, becoming a member is easy: you’ll just need to be an employee of (or retire from) one of Alliant’s partner companies, have a family member who is already an Alliant member, live in certain communities, or be a member of certain partner organizations. It offers a variety of competitive RV loan products for a borrower who plans to live in their vehicle either occasionally or full-time with fast funding. Our top pick for recreational vehicle (RV) loans goes to Alliant Credit Union.
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