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RV Financing Illinois Starting at $35,000.00

Proof of Income Is Not Required on Most Loans
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RV Financing Illinois - New & Used

As a national lender with over 30 years experience, the team Chesapeake Financial are not only RV financing experts, we’re RV enthusiasts. We make RV financing in Illinois possible every day in Illinois. Our business is built upon treating each customer with respect and helping them achieve financing for the RV of their dreams. We work within your budget, protect your credit, and evaluate your income to best match you with an RV loan that fits your needs.

 

We treat our customers right and prove it everyday. When you contact us, you’ll be speaking with an expert in the field, not an automated system.

 

We’re the number one in RV loans nationwide and proud of it. We work to ensure that every possible option is considered before making a loan determination. 

Our fast process also ensures that you’ll receive a response within 24 hours. We’ll go farther to qualify you for an RV loan than a bank would ever think about doing. We have the expertise in the industry to secure financing for you and if we can’t get you a loan, we’ll let you know why.

No Proof of Income Loans

Are you a self-employed business person looking for a no-income verification RV loan? At Chesapeake Financial, we specialize in no proof of income loans to help you acquire the RV you want.

A no-doc loan means the borrower doesn’t have to provide the lender with standard proof-of-income documents such as tax returns, paychecks, or W2s. We may verify your income through earning statements, savings, assets, stock holdings, and more. Traditionally, self-employed no-income verification RV loans have larger down payment requirements and higher interest rates. 

 

Over the last 32 years in business, we have become accustomed to the trials of the self-employed not having proof of income documentation. Well now we have the answer. If you do not have sufficient ability to prove your income but still maintain a high credit rating, we have more than one way of obtaining up to $199,999.00 even if you can’t. We can also overcome the lack of personal liquidity up to $299,999. That means that even if you can prove your income but lack the large savings or investment accounts that most lenders require, we can help there as well. Please feel free to give us a call to discuss these options.

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Financing Options to Fit Your Lifestyle

Flexible RV Financing in Illinois

Benefits of selecting Chesapeake Financial as your National Lender for New RV loans

 

At Chesapeake Financial, you can receive RV financing, even if you are:

  • Self Employed
  • If you have trouble proving your income, we may just have the solution for you
  • Do you have budget concerns or other worries, let’s give it a shot

We also offer the following benefits:

  • Loans start at $35,000 after down payment
  • Great rates & terms
  • Easy & secure application process
  • Easy prequalification with our simple 5 question phone call
  • 100% financing available (for loans under $49,999 on 2018 models and up with appropriate credit scores and proper valuations)
  • Flexible proof-of-income requirements
5th wheel RV Financing

An RV loan is possible for those seeking RV financing in Illinois. Our experienced crew has worked with various incomes, employment statuses, and more. Chesapeake Financial is equipped to help almost anyone achieve the RV ownership they’ve been dreaming of.

When you’re ready to begin, apply for an RV loan on our website. We are also available to assist you with RV loans over the phone, and we will return your call on the same day if you happen to catch us out of the office. All you have to do is leave a voicemail. We’ll call you back the same day you call us.

With a promised response in 24-hours or less and sometimes even an instant approval, all you need is a high credit score and you’re off to the races. What are you waiting for? Your RV loan is waiting for you, and we want to help you get it.

We do not finance RVs that are older than 2009. Credit scores 740 or higher are required for RVs older than 10 years or older.

We Can't Finance an RV Loan if You've Had Any of the Following Events

  • Late Child Support Payments
  • Bankruptcies
  • Foreclosures
  • Credit Score Below 740
  • Forebearances
  • Late Car Payments
  • Late Mortgage Payments
  • Full Timers
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RV Financing for campers
Down Payments You Can Afford

New and Used RV Loans in Illinois for Broker, Dealer, & Private Sales

Whether this is your first RV purchase or you’ve been traveling on the open road for a while, Chesapeake Financial can secure funding for your RV purchase. We offer the best loan rates, terms, and exceptional customer service that you’ll be hard-pressed to find anywhere else in Illinois. 

The RV loan application process is simple. We protect your credit file and evaluate your income to secure you the best RV loan possible to fit your budget. Our process ensures a seamless transition from application to funding for your next RV. We even counsel you through the Illinois titling process. If you have any questions at any time, we’re only a phone call away. Check out our loan information below and give us a call to get the process started.

New and used RV loans begin at $35,000 and go as high as $22 Million. We do not finance RVs that are older than 15 years of age. Interest rates vary by credit scores, age of RV, and equity positions. The wholesale value must be $50,000 or higher on used RVs and by no means, can we finance RVs that are older than 15 years of age.  Please refer to the section on what RVs we can and cannot finance and the required down payments section.

Minimum down payments options:

  • 10% on RV loans up to $99,999 (we can even arrange 100% financing up to $49,505.00 on 2018 model years or newer with appropriate credit scores and high enough valuations)
  • 15% on RV loans over $100,000
  • 20% on RV loans over $500,000
  • No income verification required on loans up to $199,999
we look at your needs

RV Loan Interest Rates that Work for You

The interest rate on an RV loan is based on the age of the vehicle, the total amount financed, your credit score, and vehicle valuation. We work with you to find the best rate possible for your situation. 

RVs older than 2018 and are over $150,000 normally require full documentation including two years tax returns and a personal financial statement. Exceptions may apply. With proper scores, we can offer loans on 2012 models and newer up to $199,999 with no or minimal documentation. 

RV Loans for Campers and 5th Wheels

Refinancing Your RV Loan

Do you need to refinance your RV? Now’s the perfect time! Whether you’re wanting a lower payment, a better interest rate, modifying your ownership, or simply looking to extend your term, you’ll find that refinancing your RV loan is a simple process with Chesapeake Financial. You’ll receive a fast response after submitting your application through our secure portal. If you have any RV refinancing questions, feel free to give us a call. We look forward to speaking with you soon.

Refinancing loan amounts start at $60,000 with proper valuations. 

Documents You’ll Need

Minimal documentation may be required.

RV Travel in Illinois

From waterfalls, canyons, natural springs, and glacier-forged sandstone bluffs, Illinois is home to rich and gorgeous topography. Clean rivers and springs still provide great wildlife and fishing, while Native American fishing and hunting grounds still exist today. Just from its unique geology alone, there are enough reasons for visitors to fall madly in love with the adventure that this state has to offer. 

RV on road

Pere Marquette State Park

This excellent state park is a great find for those who want to know more about Native American history, as well as families looking for a variety of camping styles. There are 8,000 acres of pristine nature here, along with stunning views of the Illinois River, so you’ll have plenty to do here. Throughout the years, six Native American cultures have called this area their home, and many burial mounds have been found within Pere Marquette State Park, making it a popular area for history buffs. Inside these campgrounds, you’ll find various facilities such as:

  • Electrical hookups 
  • Drinking water 
  • Sanitary dump stations 
  • Shower area 
  • Luxury lodge 
  • Cocktail lounge 
  • Swimming pool 
  • Gift shop 
  • And more 

Starved Rock State Park

Starved Rock State Park is arguably the most gorgeous park destination in the state and features eighteen canyons of sandstone bluffs. These amazing walls allow for natural springs, overlooks of waterfalls, and an assortment of pine, oak, cedar, and hickory trees. During spring, you’ll find that waterfalls are present throughout all 18 canyon heads since groundwater can seep through its sandstone walls. There are 129 campsites available throughout this area, where you’ll find premium amenities for you and your RV such as: 

  • Electricity 
  • Showers 
  • Flush toilets 
  • Picnic tables 
  • Fire pits with grill grates
  • Hydrants 
  • Dump station
RV sitting in the sunset after being purchased with RV financing Illinois

Kankakee River State Park

Once home to many Native American tribes during the 1600s to the 1700s such as the Potawatomi, Miami, Chippewa, and Ottawa nations, Kankakee River State Park is steeped in history. One of the most well-known areas was known as “Little Rock Village”, where the park now stands by the mouth of Rock Creek. It became the site of the final great Indian Council in 1830. At the Kankakee River State Park, you’ll find great accommodations with plenty of amenities, such as: 

  • Electric hookups 
  • Showers 
  • Picnic table 
  • Camp grill 
  • And more

Other Notable Illinois RV Location

With so many choices in Illinois, there is a place that matches your taste. You can retreat for your own personal vacation, surrounded by all that nature has to offer. It’s one of the best ways to spend time alone soaking up the natural environment while camping. Here are a few other locations that we have extended our services to.

We also offer services in other states:

Indiana RV financing

View all loan areas

Is Your RV Covered

RVs Covered Under Used RV Loans and New RV Loans

Chesapeake Financial can provide New RV loans in Illinois on 2009 model years and newer. We consider diesel model years on a case-by-case basis. Used RV loans vary depending on the size of the loan, the age of the vehicle, and credit scores. We accommodate broker, dealer, and private sales for RV financing. 

We Offer RV Loans For:
  • Motor Homes
  • 5th Wheels
  • Travel Trailers
  • Toy Haulers
  • Towable Campers
We Do Not Finance:
  • Vehicles Not Listed in the NADA Guide
  • Utility Trailers
  • Horse Trailers
  • Truck Campers
  • Park Models
  • Full Timers
  • Short-term Bridge Loans and RVs older than 2009

Why Work With Our Financing Team

Easy Online Application

Utilize our simple online application. This allows you to apply for an RV loan immediately with a response provided within 24 hours. 

Fast 24hr Response

Chesapeake Financial will provide you a timely response within 24 hours of your application. Give us a call or get started online so you can stop wondering and start buying. 

Flexible Financing

No matter what your financial background is we will work towards a positive solution. Get in touch today to see what your RV loan options are. 

Years of Experience

Trust a team with over four decades of experience. You want to feel confident moving ahead with your financing, and we will get you there with professional reliability. 

Ready to begin?

Apply Online or Give Us a Call and Receive a Response in 24 hours!
Apply Online
(877) 787-6764

FAQs

How fast can I be approved for an RV loan?

Always within 24 hours and as fast as instantly.

What are the interest rates?

Interest rates are based on your credit score and the value of the RV you’re purchasing. Call us for specifics regarding your situation.

Can I pay off my loan faster than the payment schedule?

Yes. No Prepayment penalties are ever assessed.

How many years are typical RV loans?

Depending on the age and the amount borrowed, as many as 20 years in term.

How do I qualify for an RV loan?

By having good credit and calling us for valuation.

Chesapeake Financial Services
National Lender based in Annapolis, MD
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