RV – Motorcycle, Motorhome, Toy Hauler, Boat, ATV, UTV, Fifth-Wheel, Snowmobile
Rate Matrix (Experian v9 – Rates Effective April 27, 2023)
|
Type |
A+ 750+ |
A 700-749 |
B 660-699 |
C 640-659 |
D 600-639 |
E <600 |
|---|---|---|---|---|---|---|
|
24 mo. |
7.25% |
7.25% |
7.75% |
9.25% |
14.50% |
15.25% |
|
36 mo. |
7.25% |
7.25% |
7.75% |
9.25% |
14.75% |
15.25% |
|
48 mo. |
7.25% |
7.25% |
7.75% |
9.25% |
14.75% |
15.25% |
|
60 mo. |
7.25% |
7.25% |
7.75% |
9.25% |
15.00% |
15.25% |
|
72 mo. |
7.50% |
7.50% |
8.00% |
9.50% |
15.25% |
N/A |
|
84 mo. |
7.75% |
7.75% |
8.25% |
9.75% |
N/A |
N/A |
Maximum Debt Ratios
- A+ / A: 50%
- B: 45%
- C / D / E: 40%
Loan Amounts
Minimum: $5,000
Maximum: $85,000 (Per Board of Directors)
Recreational Vehicle Maximum Finance Amounts
New/Used (2021-2026)
- A+ / A / B: Up to 120% MSRP (incl. GAP, warranty, tax, license)
- C / D: Up to 110% MSRP
- E: Up to 100% MSRP
Used (2017 – 2020)
- A+ / A / B: Up to 110% RKBB
- C / D: Up to 100% RKBB
- E: Up to 90% RKBB
Used (2016 & Older)
Maximum term: 72 months
- A+ / A / B: Up to 100% RKBB
- C / D: Up to 90% RKBB
- E: Up to 75% RKBB
Repayment Terms
84 months: Minimum loan $25,000
72 months: Minimum loan $20,000
60 months: Minimum loan $15,000
Policy Notes
- Vehicle valuation based on Retail Kelley Blue Book, NADA Guides, or MSRP
- Proof of income required for all new members and B/C/D/E-tier existing members
- Rate based on highest borrower credit score
- Maximum unsecured debt ratio: 30%
- Rate based on applicant, not guarantor
- New members must be referred to the branch to open their account
- No salvaged, rebuilt, flood, lemon-law, or straw purchases allowed
- Business and commercial loans are ineligible
- Rates, terms, and conditions are subject to change at any time