Yes, many lenders offer great deals on used recreational vehicles. The loan amounts and loan terms vary depending on the vehicle's age, condition, and value.
A credit score of 650 is preferred for a recreational vehicle loan, but lower scores will be considered. In addition to your credit history, other factors will also be considered including your employment history, income, and monthly debts.
Our RV loan interest rates are fixed. The loan rate will be locked in when the loan is created and won’t change. This gives you predictable monthly payments, and you won’t have to worry about higher interest rates later.
Yes, we’ll be happy to do a preliminary review of your finances and give you an estimate of how much you qualify to borrow and your annual percentage rate (APR). Keep in mind that formal loan approval will require a more detailed review of your finances and a hard credit check.
Yes, self-employed individuals can qualify for a recreational vehicle loan, but you may need to provide additional documents to verify your income. You may need to provide tax returns, bank statements, profit and loss statements, and other documents as requested.
There are no loan prepayment penalties. You can make extra payments or pay off your loan early to save on interest.
Yes, you must become a member to apply for our credit union RV loan. We require all members to open a savings account with a $5 minimum balance.
Membership is open to anyone who lives, works, or attends school in one of these parishes: Ascension, East Baton Rouge, East Feliciana, Iberville, Livingston, Pointe Coupee, Saint Helena, Tangipahoa, West Baton Rouge, or West Feliciana. Parents, children, siblings, grandparents, grandchildren, stepparents, or stepchildren of Baton Rouge Telco members are also eligible to join.
In addition to our low RV rates, our RV loans don’t have any fees. We offer the lowest rates possible, and when you avoid paying fees, it helps to maximize your savings.
Before you begin the balance transfer process, let's get a BR Telco Visa credit card opened for you. We offer two great credit cards to fit your lifestyle. Our credit cards feature no annual fees, no balance transfer fees, and practically unbeatable rates. You can begin your online application here.
Complete this short form and we’ll have one of our experts contact you to discuss options.
1Both new and used motorcycles between the years 2021 and 2025 are eligible for up to 125% financing for terms of 60 months.
*Rates shown are Telco's current rates and include a 0.50% discount for members with an automatic deduction from a Telco checking account and direct deposit relationship. Terms and conditions apply. Rates are subject to change and depend on various factors including creditworthiness. Your rate may differ.