Loan Center FAQ - Loan Requirements

Below are several questions that we often hear from prospective customers and our answers.

What information will I need to submit to receive my loan?: Typically, because we work with a number of banks, Southeast Financial can provide a lower rate than your own bank or others who do not do a high volume of loans for new and used recreational vehicles, horse trailers, motorcycles, or boats. Call us toll free at 866.900.8949 to get a current, ballpark rate quote or complete our online application to get an exact quote and credit decision (during business hours).
What are your loan terms?: If you walk into your own bank and want to finance a recreational vehicle or trailer, usually, the maximum loan term you’ll be quoted is five years. Depending on the amount of money you need to finance, Southeast Financial can go up 240 months (20 years!) The best part is that all of our loans are fixed-rate, simple interest loans!
What kind of credit do I need to meet your loan requirements?: Southeast Financial has a minimum credit score requirement of 600. Most lenders that offer financing for recreational units have a minimum credit score requirement of a 720 or above. At Southeast Financial we don’t treat you like a number and we don’t base your credit worthiness on a number either. We look at each application on a case by case basis, and there are various factors that we consider (what state you reside in, what are you buying, how much do you want to borrow, etc.) Unfortunately, we cannot approve every customer, but we work very hard to get you an approval that will work with your budget. If you have credit issues that prevent you from being approved we may be able to help you resolve them. We offer all of our applicants that are declined a free credit consultation that will give you valuable insight as to what is causing you to be declined and what you can do to correct the problem.
What amount of money will you finance?: Southeast Financial will finance a minimum amount of $10,000. ** The maximum, of course, will depend on your credit rating and overall financial situation, but we offer recreational loans as high as $4,000,000.
How long does the process take to get a loan?: We pride ourselves in providing quick loan approvals during our normal business hours (8:30-5:00 PM M-F). The exchange of documents and other paperwork, including getting you your check typically takes about 3 to 5 business days which can vary depending on how timely customers are in getting all required documents/information to Southeast Financial. For more information, read Loan Steps.
Once you've approved me for a loan, how long do I have to respond?: Your approval is good for 30 days.
What information will I need to submit to receive my loan?: See our online loan application. You will also need to provide the following information that would be typical in applying for any financing: TITLE (COPY OF FRONT AND BACK) SELLER CONTACT INFORMATION (NAME, ADDRESS, PHONE #) LIEN PAY-OFF (AS APPLICABLE) COPY OF DRIVER’S LICENSE COPY OF INSURANCE BINDER OTHER DOCUMENTS FROM SEF
How secure is your online loan application process?: Very secure. Southeast Financial uses the highest level of online transaction security offered by Cloudflare, including 128 bit encryption for our online credit application form and all information submitted.
Are there types of vehicles that you do not finance?: We specialize in financing a wide array of recreational vehicles, trailers, boats, & motorcycles for personal use. We do not finance for commercial use. We also do not offer financing for the following types of vehicles: destination trailers, conversion vans, park models, toter homes, ATV’s, and house boats.
Why do so many people use Southeast Financial?: Don’t just take it from us, let our customers do the talking! click here for customer testimonials