Secured Installment Loan for Recreational Vehicles
A fixed-rate loan designed to help you purchase or refinance a recreational vehicle such as an RV, boat, motorcycle and more.
Not a Regions customer? Apply by phone at 1-888-462-7627 or in a branch.
Regions Secured Installment Loan at a glance
One lump sum
Receive all the funds up front.
Fixed interest rates
Collateral-based loans typically mean lower interest rates.
Loans up to $300k
Receive funds ranging from $2k to $300k depending on terms and collateral.
Predictable monthly payments
Monthly repayments with available auto-debit discounts.
Regions Secured Installment Loan details
Interest rates
Fixed APR based on loan amount, term, and collateral securing the loan.
- Marine: 8.24% - 15.24%
- RV and motor home: 9.24% - 15.24%
- Motorcycle and Travel Trailer: 8.24% - 13.24%
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.
Rate discounts
Rate discounts are available for loan amounts $5,000 or greater if you elect to have your monthly payments automatically debited from your Regions checking account through our Automatic Payment Option. The amount of the discount varies based on your type of relationship with Regions, ranging from 0.25% up to 0.50%.
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 amount varies based on:
- Terms
- APR
- Loan amount
Terms
Terms range between 36 months (minimum) – 180 months (maximum) and 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.
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.
Non-customers can apply by phone or in a branch
Non-Regions customers can apply in a branch or by phone. Find a branch or make an appointment with a banker to learn more. Apply by phone at 1-888-462-7627 Monday – Friday from 6 am to 7 pm, Saturday 8 am to 2 pm.
How does a Regions Secured Installment loan work?
If you already own a recreational vehicle (RV, motorcycle, boat, etc.), you can use that vehicle as collateral to purchase (or refinance) a new or used recreational vehicle for personal use. Not sure that’s what you need? Compare all our personal loans side by side.