PERSONAL LOANS
LightStream: Best overall RV loan
4.7
Bankrate Rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
The annual percentage (APR) includes your interest rate, plus any loan fees. It reflects the total cost of borrowing.
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This lender is registered in states where it does business, has a Consumer Loan Company License and was vetted by the Bankrate Editorial team.
LightStream offers the lowest minimum and maximum APRs of the lenders we reviewed. It even offers a rate beat program that allows approved customers to get a lower rate than a competitor’s quote. You’ll have up to $100,000 of borrowing power and can spread the payments out as long as 144 months, making it a cost-effective option for buying a pricey RV. Adding in the fact that LightStream doesn’t charge any fees and can potentially deliver your funds the same day you apply makes LightStream the clear best overall RV loan winner.
- Good-to-excellent credit profile
- Several years of mixed credit
- Assets or savings
- Stable, sufficient income
- Few reported delinquencies
- None
Same day if approved before 2:30pm EST, Mon-Fri
Pros
- Longer repayment option
- No fees or downpayment
- Borrowers choose when to receive the money
Cons
- High minimum credit score requirement
- High minimum loan amount
- No option for prequalification
*Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are .50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 9.99% APR with a term of 3 years would result in 36 monthly payments of $322.62. Truist Bank is an Equal Housing Lender. © 2024 Truist Financial Corporation. Truist, LightStream, and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.