RV Loans
How
to Get One
Bank of America has an easy online application and dedicated representatives, competitive rates and terms and 20 year terms on loans over $50,000
How fast you want to be in your new RV is up to you. If you provide them with all the information they need by 3 p.m. Eastern Time, they can overnight your closing package that same day.
RV Loan Features
- Competitive rates and flexible terms
- Fixed-rate loans
- No prepayment
penalty
- Fast, easy online application
- Dedicated customer service representatives
RV Loan types
- New vehicle
- Used vehicle (dealer or private party)
- Refinance
Your next RV loan has never been easier than with Bank of America's online process. Here's how it works:
Step 1: Getting started
Complete and submit your application online.
Step 2: Receive a decision
A loan representative will call you with a decision.
Step 3: Ready to buy
- Discuss your loan options and review documentation required.
- Choose the
loan option that works best for you.
Step 4: Closing the deal
- Refinancing your existing loan? We'll send the closing package to you. Just
get it notarized and send it back in the postage-paid envelope.
- Buying from
a dealer? We'll send the closing package to you with a draft. Fill out the paperwork,
get it notarized, and send it back to us in the postage-paid envelope. The draft
is good only after we've received the documents. Use the draft to purchase your
new RV.
- Buying from a private party? We'll arrange for a closing agent to
receive the package, along with the draft. Our closing agent will check the collateral
and we'll handle the title work; just sign the papers at the closing and we'll
do the rest.
Eligibility
- No commercial vehicles
- No RVs
for business use
- No park models or truck campers
- No conversion or
delivery vehicles, gray market, or lemon law vehicles
- No salvaged, rebuilt,
or branded title vehicles
General conditions
- Minimum loan
value of $5,000
- Mileage, loan-to-value (LTV), and model year restrictions
may apply if credit is less than excellent
In addition, for private party transactions
- Vehicle must be purchased directly from the seller(s)
- Seller(s) and registered owner(s) listed on the title must be one and the same
- Powers-of-attorney are not accepted for private party transaction
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- Fast-Funds-Online offers exactly what the name says: Fast Online Funds! We all need a little fast cash from time to time and Fast-Funds-Online makes it easy for you to get the cash you need - up to $1500!! Funds are direct deposited into your bank account, so you don't have to wait for a check in the mail.
Now that's service!