Motorhome loans
See the country on your own terms.
Every member gets the same rate on a motorhome. Take the long way to the coast, or stay out west for a month, with a loan from a credit union the members own.
Rates as low as
New motorhome
Motorhomes
Bring a little of home along.
A motorhome lets you stay as long as you like and sleep in your own bed wherever you park. Whether it’s a weekend at the lake or a few weeks out west, the trip starts the minute you pull out of the driveway.
Same rate for every member, whatever your credit score- New and used motorhomes
- Up to 90% financing new and 80% used
- Take up to 7 years to pay it back
Today’s rates
Motorhome loan rates
Every member gets the same rate. New and used motorhomes can both be paid back over 7 years, and new ones get the lower rate.
| Product | Term | Rate |
|---|---|---|
| New motorhomeUp to 90% of purchase price or book value | 7 years | 8.00 % APR* |
| Used motorhomeUp to 80% of purchase price or book value | 7 years | 8.50 % APR* |
Loan calculator
Estimate your monthly payment
This uses today’s rates. Nothing you type here is saved or sent anywhere.
Estimated payment
$1,169a month
- Rate
- 8.00% APR
- Payments
- 84
- Interest
- $23,193
- Total you pay
- $98,193
An estimate, not a quote. Every member gets the same rate for the same loan and term.
How to apply
Three steps to the open road.
- Step 1
Apply
Apply online any time. You can also call (256) 383-6551 or stop by the branch at 1705 E. 17th Street.
- Step 2
Hear back
The loan team looks over your application and calls you with your rate and payment.
- Step 3
Hit the road
Sign your loan papers, and the keys are yours.
Does everyone really get the same rate?
Yes. Every member gets the same rate for the same loan and term, whatever their credit score. Your credit history still plays a part in whether the loan is approved.
What can I finance?
You can finance new and used motorhomes. If you’re pulling a camper instead, it’s financed as a recreational loan.
How much can I borrow?
You can borrow up to 90% of the purchase price or book value on a new motorhome, and up to 80% on a used one.
How long can I take to pay it back?
You can take up to 7 years on a new or used motorhome.
Do I need to be a member?
Yes. Membership is open to the whole IBEW Local 558 family, and it starts with $25 in Share Savings. You can apply for membership online.
More ways to borrow
Something else on the list?
Recreational Loans
Finance a boat, camper or 4-wheeler, new or used, at the same rate every member gets.
More about recreational loans
Auto Loans
Finance a new or used car or truck at the same rate every member gets.
More about auto loans
Home Equity Line of Credit
Borrow against your home’s equity, up to $100,000, at the same rate every member gets.
More about home equity lines
*APR = Annual Percentage Rate. Not all applicants will qualify. Rates are subject to change without notice. We’ll match a lower rate on a comparable new loan offered by another local lender. To qualify, you need a credit score of 700 or higher and a written, dated offer or quote from the competing lender at the time of application. The offer must be for the same loan type, amount, and term, and for a loan you qualify for with that lender.
Motorhome loans
Where to first?
Apply online whenever you’re ready, or call (256) 383-6551 and the loan team will go over the numbers with you.
