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You could end up paying more in interest due to a solar loan credit union repayment term. If you fail to make the monthly payments, you run the risk of losing your RV. Approval requirements may be higher to finance a full-time motorhome.
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Current secured RV loan rates can range from around 7 percent all the go here up to almost 20 percent. If you have fair or poor credit, which is typically anything underyour interest rate will likely be higher.
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