RV Loan Calculator

Explore our RV loan calculator tool on No Credit Campers to effortlessly plan your next adventure of buying an RV. Get an instant estimate of your monthly payments by simply entering your loan amount, down payment, interest rate, and loan term. Take the guessing out of budgeting for your dream RV with this easy-to-use online tool. Best of all its free to use. Return anytime and take a printout for your records.

Once you are ready to turn your RV dreams into reality, apply for an RV loan directly on our website at No Credit Campers. Our streamlined online application process makes it convenient to secure financing for the perfect camper that fits your lifestyle. No credit history? No problem. We specialize in helping customers with all credit backgrounds. Start your journey towards owning the ideal RV today with No Credit Campers.

How to use an RV Loan Calculator?

NoCreditCampers RV loan calculator is designed to be user-friendly and easy to use. Simply enter your optional down payment amount, desired loan amount, chosen term year, and annual interest rate. After inputting these details, click on the "Calculate" button to generate the total cost over the specified period. If you wish to start fresh with new calculations, you can easily do so by selecting the "Reset" button.

Below the total cost, customers can also explore the helpful visual aids in the form of a pie chart and graph chart. These charts provide a detailed breakdown of the Principal Amount and the Interest components, aiding in a better understanding of the financial aspects. For a more comprehensive view of the loan details, customers can refer to the Loan Amortization Schedule table. This table serves as a guide, illustrating the monthly and yearly payment structures, as well as tracking the payments towards the loan balance and the outstanding amount. Key information such as Balance, Principal, Interest, and Payment is conveniently displayed in this table, organized based on an annual or monthly schedule.

*This loan calculator uses a set interest rate for cost calculation, assuming the rate stays the same during the chosen period.

RV Loan Calculation Formula

The monthly payment is calculated by using the formula:

where PMT is the monthly payment

P is the principal loan amount

R is the annual interest rate

T is the time in years

N is the payments per unit T (For RV loan calculator, T=12).

RV Loan Calculation Example

For a principal loan of $30,000 with an annual interest rate of 8% and termed for 4 years, 

Using above formula;

Payment per month, PMT = $732

And Total Payment = 732 x 12 x 4 (i.e. 12 months in a year for 4 years)

      = $35,154

Therefore, interest  = 35154-30000

      = $5,154 

This is the interest that you will pay over a 4 years time period.

FAQs

• Can I get an RV loan with bad credit?

  Yes, we offer loans for RVs or campers even with bad credit. Get started by applying for financing to receive multiple offers quickly from direct lenders.

• How can I get an RV  or Camper Loan with bad credit?

  Obtain RV and Camper loans fast and easily by filling out our online form. Make sure to provide accurate information to get approved. Your details will be checked by our lenders for verification before receiving the funds.

• What RV’s and Campers can I get Financing For?

  You can get financing for different types of RVs and Campers such as Motor Homes, Travel Trailer, Toy Haulers, 5th Wheel, Destination Campers, etc.

• How much personal RV loan can I receive? 

  With No Credit Campers, get up to $35,000 loan from direct lenders. Use our RV loan calculator to figure out your total cost based on the loan term and interest rate. Submit all details for the best rates if eligible.

• How fast will I get my RV loan? 

  Our direct lenders can fund you in as little as one or two days when you give them all the needed info. It's the quickest route to owning your dream RV.

• How often can I apply for an RV loan? 

  We keep adding new lenders. Apply more when your credit or income gets better. No application limits, but wait a few days before reapplying.

• Are there any warranties on RVs or Campers that we purchase?

  Yes, we provide warranties to protect your RVs and Campers. Visit our RV extended warranty page to find out more about this.