Secured Installment Loan for RV Info
The key to the Regions secured personal loan is that it has a fixed interest rate and can be used to purchase a motor home, boat, tractor, motorcycle or other vehicle for personal use. As for the term, that will depend on the amount requested and the collateral you provide.
As usual, repayment installments are monthly and you can set up automatic debit from your checking account. If it is a checking account with this financial institution, you are eligible for a rate discount. You are also offered rebates of 0.25%-0.50% for amounts over $5,000 and depending on your level of loyalty.
You receive the funds from this secured personal loan as a lump sum at the closing of the process and at the agency of your choice. As for what you can leave as collateral, any vehicle must be a maximum of 5 years old and the list includes:
- Roadster or touring type motorcycles.
- Campers and pull and fifth wheel trailers.
- RVs or motor homes must have their own propulsion system.
- Tractors with a maximum of 1000 hr and agricultural accessories (each with its own serial number).
- Boats, catamarans and sailboats up to 30 tons and 30 feet (including engines and trailers).
If you are looking to renew your fleet or upgrade your recreational vehicle, Regions Bank's secured loan offers good terms.
In addition, Regions Bank also offers a secured line of credit and an unsecured personal loan, which can serve other purposes.
Español: Préstamo personal asegurado de Regions Bank