Secured Installment Loan for Recreational Vehicles

Interest rates

Fixed APR based on loan amount, term, and collateral securing the loan.

• Marine: 9.24% - 16.24%
• RV and motor home: 9.24% - 15.24%
• Motorcycle and Travel Trailer: 9.24% - 16.24%

View Secured Installment Loan product details.

Fees

Loan processing fee: $0
Return item fee: $15
Late fee: 5% of the unpaid loan payment amount or $100, whichever is less.

Note: A late fee is assessed if you don't make your payment within 10 days after the payment due date shown on your periodic statement.

Rate discounts

Rate discounts are available for loan amounts of $5,000 or greater if you elect to have your monthly payments automatically debited from your Regions checking account through our Automatic Payment Option during the application process. The amount of the discount varies based on your type of relationship with Regions, ranging from 0.25% up to 0.50%.

Note: This rate discount is not available when the Automatic Payment Option is established after the loan or line of credit has been opened.

Collateral requirements
Travel trailers and campers, RVs and motorhomes, motorcycles and boats.^[1]

Minimum Secured Installment Loan amount:
Travel trailers/campers - $5,000
RV & motorhomes - $50,000
Motorcycle (street legal) - $5,000 
Boat - $5,000

Maximum Secured Installment Loan amount:
Depends on the repayment term as well as type and age of the collateral securing the loan.
Travel Trailer/campers - $50,000
RV & motorhomes - $300,000
Motorcycle (street legal) - $30,000
Boat - $75,000

Access to funds
You will receive the full amount (one lump sum) of your approved loan amount at the time of closing. Closing must take place in a Regions branch.

Repayment occurs monthly and the fixed payment amount will be based on:

• Terms
• APR
• Loan amount

Payments can be made through Regions Online or Mobile Banking, at a Regions branch location, by phone, mail, or by establishing an automatic payment draft.

Terms
Terms vary based on loan amount, as well as type and age of collateral securing the loan.

Automatic Payment Options
Allows you peace of mind that your payments will be automatically debited from your checking account each month. If your checking account is a Regions checking account, you may qualify for a rate discount.

Already have your account and want to set up an Automatic Payment Option? Access the Automatic Debit Authorization form, then complete, print and follow the directions in the form to process your request.

To be eligible for our recreational vehicle loan, you must have a Regions deposit relationship (checking, savings, MM or CD) on which you are an owner that has been open for at least six months.

Current Regions customers can apply by phone or in a branch
Current Regions customers can apply in a branch or by phone for a Regions Secured Installment Loan or by Phone at 1-888-462-7627 Monday – Friday from 6 am to 7 pm, Saturday 8 am to 2 pm.