Do you dream of spending lazy afternoons on a boat or hitting the open road in an RV? Warmer weather is around the corner, and now is the perfect time to start planning outdoor fun. The idea of owning a recreational vehicle can be exciting, but it can also seem out of reach. That's where a recreational loan comes in. With the right financing, you can make your “someday” dream of boating, camping, or cruising a reality.

What is a recreational loan?
Sometimes referred to as a “rec loan,” recreational loans allow people to finance vehicles used for fun such as mobile homes, motorcycles, or boats. A quality recreational loan can make these purchases affordable and accessible for the qualified buyer.

What can I finance with a recreational loan?

Here are a few examples of what you could use a recreational loan for:

• Motorcycles

• RVs

• Campers

• Go-Karts

Maybe you prefer the open water. In that case, a recreational loan can be used for:

• Boats

• Jet skis

• Wave runners

And much more!

Where do I start?

To get started with obtaining a recreational loan from Ascend, you can click here. Qualified members can get a rate as low as 5.99% APR* with financing up to 144 months on new recreational vehicles and a rate as low as 6.49% APR* on used recreational vehicles. As always, it’s important to do your research and choose a loan that fits your budget and needs.

Once you’ve acquired your new recreational vehicle, you’ll probably be looking for a scenic spot to take it for a spin. In that case, check out Ascend’s piece on our favorite spots to photograph in Tennessee.

Recreational loans offer a great way to finance your outdoor adventures and make big-ticket purchases affordable. Whether you’re looking to hit the open road or cruise the open water, a recreational loan can help you make that happen. So why wait? Start planning your summer fun today!

Disclaimer: Rates as of April 28, 2023. Interest rates are subject to change daily and without notice.

All loans are subject to credit approval. The annual percentage rate (APR) you receive will be based on your credit score, the age and mileage of the collateral and the term of the loan. You will be informed of the APR for which you qualify before you become contractually liable for the loan account.

Based on an APR of 5.99%, your monthly payment on a $10,000 loan amount and a 60-month term would be $193.70. Based on an APR of 6.09%, your monthly payment on a $20,000 loan amount and a 61-month term would be $382.90. Based on an APR of 6.19%, your monthly payment on a $60,000 loan amount and an 85-month term would be $875.65. Based on an APR of 6.29%, your monthly payment on a $75,000 loan amount and a 121-month term would be $840.51.

Based on an APR of 6.49%, your monthly payment on a $10,000 loan amount and a 60-month term would be $196.08. Based on an APR of 6.59%, your monthly payment on a $20,000 loan amount and a 61-month term would be $387.66. Based on an APR of 6.69%, your monthly payment on a $60,000 loan amount and an 85-month term would be $890.37. Based on an APR of 6.79%, your monthly payment on a $75,000 loan amount and a 121-month term would be $859.83.