RV loans
From Portland, Oregon, to Portland, Maine, there’s a great big country to explore. OCCU can help you get on the road.
Financing you need for the recreational vehicle you want
Whether you want the freedom to travel the country at your own pace or you’re exploring the Pacific Northwest as a weekend camping warrior, you can do it all in comfort with an RV, camper, motorhome, pop-up or trailer. And OCCU can help you get there with competitive rates and quick approvals.
So where are we headed?
Get preapproved for your RV loan
Make sure your budget is road-ready before you shop! When you get preapproved for financing from OCCU, you’ll know just how much RV you can afford and what your monthly payments will be. Apply online or visit our branch locations in Eugene/Springfield, Bend/Redmond, Salem/Keizer, Corvallis, Roseburg, Junction City and Cottage Grove — with more on the way!
(Road trip, anyone?)
Benefits of an OCCU RV loan
- Members enjoy rates as low as 7.09% APR for purchase or refinance15
- Preapproval online or in-branch
- In-house Insurance Services team to help you find coverage and discounts
- Guaranteed Asset Protection (GAP) available
- Local, friendly, personal member support available in-branch, by phone or online
Need RV insurance? We got you covered.
OCCU offers Guaranteed Asset Protection (GAP) for every auto and RV loan. If something unfortunate happens to your new car or RV within the first years of ownership, you can easily find yourself owing more than the car or RV is worth. GAP protects you from the unexpected.
And for vehicle insurance and beyond, our Insurance Services team is here to find the protection you need to feel secure on the road. With more than 100 years of experience and partnerships with local insurance companies, our team will help you make sure you find a policy that fits your budget.
What’s next?
Use our loan calculator to build a budget.
Get prequalified for a loan from OCCU and start shopping.
Connect with our Insurance Services team.
Qualifying for a loan for that Winnebago you want or that camper you covet is easy with our online application. Shopping is better when you know just how much you can spend to get the gear you’ve got your eye on.
FAQs
How competitive are OCCU’s loan rates on RVs and motorhomes?
Credit unions typically offer better rates than traditional banks, and OCCU is no exception. We offer some of the best loan rates for new and preowned RVs, motorhomes, trailers, campervans and more. Apply today to get preapproved or just ask for an OCCU recreational vehicle loan at the dealership.
How much can I afford to spend on my next RV?
Use our loan payment calculator to help get you ready to find the right recreational vehicle that fits your budget. Calculate the payment on your next ride or enter your target monthly payment and see how much you may be able to borrow.
How long does it take to get approved?
Apply for an RV loan online and get your preapproval the next business day. Or just go to the dealership and ask for an OCCU recreational vehicle loan.
Can I get an OCCU RV loan at the dealership?
Yes! OCCU partners with RV dealerships across Oregon and Washington to offer financing to prospective buyers. Just ask your recreational vehicle dealer for an OCCU loan for our best rates.
What is the difference between getting a loan from OCCU or from an RV or camper dealership?
Nothing. You can get our great recreational vehicle loan rates online, in-branch or by asking for them at the dealership.
Are there any prepayment penalties?
We have no prepayment penalties. If you want to pay off the loan on your fifth wheel, toy hauler or Winnebago faster, go for it!
Can I refinance my RV loan later if I get a better interest rate?
Yes! If you’re looking to save money on an existing loan or looking to access the equity in your RV, we can help you refinance.
Does OCCU provide payment or loss-of-vehicle protection?
Yes!
OCCU offers Guaranteed Asset Protection (GAP) on car and recreational vehicle loans. When you finance with OCCU, you can easily add GAP to your RV, camper, or trailer loan, with the option to pay either a one-time fee or roll the cost into your principal loan balance.
Major Mechanical Protection can help you feel more secure when faced with unexpected repairs. It's available on any vehicle, whether it’s financed through us, another institution, or owned outright.
Do you have a "Skip-a-Payment" option?
Yes. OCCU’s Skip-a-Pay program can give you a break from RV loan payments for up to two months if you have an eligible loan with us.
Keep in mind, skipped payments can affect payment protection and GAP coverage.
Is it better to get preapproved for an RV loan before going to the dealership?
Having a loan preapproval in your pocket can help strengthen your bargaining position at the dealership. It also helps you stay within your budget, since you’ll know how much you’re approved for and what your interest rate will be before you set foot on the RV lot. But it’s not a requirement.
Can I use this loan to buy an RV from a private seller or only from a dealership?
Yes, you can get an OCCU RV loan to purchase from a private seller.
How do I get OCCU's lowest rate on my recreational vehicle loan?
OCCU offers some of the best loan rates for both new and used RVs, trailers and campers. And by signing up for eStatements and enrolling in automatic loan payments, you’re assured the best rate.
How and why should I refinance?
When conditions are right, refinancing could mean saving money and paying off your RV loan sooner.
When to consider refinancing:
- If rates are lower than they were when you took out your recreational vehicle loan. Refinancing when rates are low is a smart financial move if the potential savings outweigh the loan fees. Use our loan calculator to estimate how much even a 1% difference could save you.
- If your credit has improved. Since your credit rating is one of the factors that determine your interest rate, a bump in your credit score could qualify you for better RV loan terms.
If you have a longer-term loan. Many RV buyers opt to lower their monthly payment by extending the life of the loan on their camper, trailer, pop-up or RV. The downside is that they end up paying more interest in the long run. If you chose a longer loan term because it made sense at the time, consider whether that’s still true today. Refinancing your recreational vehicle loan at a lower rate could allow you to shorten your term without significantly increasing your monthly payment.