RV Lending for Customers with Past Credit Challenges
Many potential customers have started rebuilding their credit history. However, a lower credit score often prevents them from qualifying for a loan on a discretionary purchase. We provide an option for many customers which allows them to complete the purchase of their RV while they are rebuilding their credit history.
- Participation paid at funding
- No Cost or Fees
- Competitive Terms and Advance
- Fast Funding
Types of RVs Merrick Bank will Finance
Merrick Bank will finance tow-able RVs that are for recreational use only. This includes 5th wheel trailers, travel trailers, tent trailers and truck campers. We do not finance motor homes and we do not finance RVs intended to be used for residential or commercial purposes.
The RV must be listed in the N.A.D.A. RV Appraisal Guide. We will finance new to 10 year old RVs and our maximum loan amount is $40,000.00. For more details on the program, including a copy of the current rate sheet, please contact us today.
Who can submit Credit Applications
Merrick Bank accepts applications from approved Dealerships or Financial Service Providers. We do not accept applications directly from the borrower.
The program is not offered to dealerships in Alaska, Hawaii or West Virginia.