BrightLifestyleTravelWhat Is an RV Loan and How Does It Work?Depending on the value of the RV, getting a loan can be easy or quite complicated.CopyFacebookXTruthGettrLinkedInTelegramEmailSaveAn RV camp site at sunset. With RV prices ranging between $10,000 and $1 million, most people finance the purchase with an RV loan. Dreamstime/TNSBy Tribune News Service6/21/2024Updated: 6/21/2024Print0:00X 1By Denny Ceizyk From BankrateRV loans work similarly to other types of installment loans. If you qualify, the lender gives you a lump sum to pay for your RV and you make monthly payments of principal and interest until it’s paid off.