RV Loan Calculator

An RV loan financing helps the buyer to finance their RV purchase. With the NoCreditCampers RV loan calculator, you will be able to calculate the total amount (principal plus interest) that you will pay as per the interest rate and given time period. 

As RV loans are offered at various interest rates per year, this loan calculator will help you estimate the total cost you will pay every month/year and also help you analyze how much time it will take you to pay the total amount. 

How to use an RV Loan Calculator?

NoCreditCampers RV loan calculator is very straightforward. All you have to do is put an optional down payment that you are planning to provide, the loan amount, term year, and the interest rate per year. Once you have submitted all the above values, click on “Calculate” to calculate the total cost that you have to pay in this time period. For new calculations, you can reset the calculator by clicking on the “Reset” button.  

Below the total cost, you can also check out the pie chart and graph chart that breakdowns the Principal Amount and the Interest. Find out what is your monthly and yearly payment with the help of the Loan Amortization Schedule table. This table will guide you to examine how much loan is paid and how much outstanding loan is left. This table contains information like Balance, Principal, Interest, and Payment based on annual/monthly schedule.

Note that this loan calculator uses a fixed interest rate for the cost calculation, assuming that the interest rate will not change in the course of this time 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, you can. We provide bad credit RV or camper loans with direct lenders so that you can start financing the campers you have always dreamed of. All it takes is a simple, fast application to get multiple no obligation offers.

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

  The process of getting RV and Camper loans is quick and easy. All you have to do is complete our online form. To get approved, always insert correct and all information requested otherwise the form will not be accepted. Your information will be sent to our direct lenders that will verify your identity before lending the money. 

• 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 NoCreditCampers, you can receive up to $35,000 funding loan with direct lenders. You can use our RV loan calculator to calculate your total cost based on the term year and interest rate provided. Of course, this all depends on you submitting all the details so that lenders can offer you the best rates if you qualify.

• How fast will I get my RV loan? 

  With our direct lenders, you can get funded as quickly as today or tomorrow as long as you provide all the necessary information for our lenders.  It's the fastest way to get the RV of your dreams.

• How often can I apply for an RV loan? 

  As we are always adding new direct lenders, you can apply as often as you would like especially when your credit score and or income improves.  There are no limits on the applications you can apply for.  However, we suggest that you wait a few days before applying again.  

• 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.