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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
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 or Kelley Blue Book RV Appraisal Guides. 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.
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, Montana or West Virginia.
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