Recreational Vehicle Loans

There’s no single standard term. At Best Reward FCU, your loan term depends on the loan amount, the vehicle and your credit. Because an RV loses value over time, choosing the shortest term you can comfortably afford can help keep your loan balance from exceeding what the RV is worth.

Not necessarily. A good credit score, stable income and a reasonable debt-to-income ratio can all improve your chances of approval.

Membership is available to anyone who lives, worships, attends school, works or regularly conducts business in Cuyahoga, Geauga, Lake, Medina, Portage, and Summit counties, as well as businesses and legal entities located in these counties.

Membership eligibility is also extended to members of immediate family or other household members as well as spouses of persons who died while within the field of membership of this credit union, employees of this credit union, volunteers in the community, members of their immediate families or households, and organizations comprised of such persons.

Once you’ve determined your eligibility, all you need to do to become a Best Reward member is fill out our easy online application. Upon approval, getting started is as easy as opening a Regular Share Savings account with us, and maintaining a $5.00 minimum balance.

Simply maintaining this low balance means you are eligible to take advantage of all Best Reward products and services, including our affordable, flexible RV loans.

How much you can borrow depends on your credit qualification and the loan-to-value (LTV) of the RV, which compares the loan amount to what the RV is worth. Contact Best Reward FCU to find out how much you may qualify for.

Yes, there can be tax benefits if you use your RV as a second home. Interest on your RV loan may be deductible if your RV has sleeping, cooking, and toilet facilities. Ask a tax advisor about your eligibility for deductions.