boat on the water

Water or land: What's your pleasure?

Whether you’re in the market for a new or used boat or large recreational vehicle, or want to refinance a higher-rate boat or RV loan from another financial institution, LOC offers competitive financing to help keep your budget intact. We offer some of the best boat and RV loan interest rates around.

 

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Our Boat & RV loans offer:

  • Low fixed rates on new and used boats and RVs
  • Up to 115% financing
  • Ability to lock your rate in for up to 45 days while you shop
  • Flexible boat and RV Loan terms, up to 180 months based on amount financed
  • The ability to leverage any equity in your vehicle boat or RV to pay off higher-rate debt elsewhere at the rate of your auto loan

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Boat & RV Loan Rates
Effective Date: Sunday, February 25th, 2024
Boat, Motor Home, Travel Trailer, & Horse Travel Trailer (with self-contained living quarters)
Loan TypeAgeMinimum or MaximumFixed APR As Low AsTermNote
Boat or RV 2019 & Newer $5,000 Min/$125,000 Max 6.85% Up to 60 Months Available for <85% LTV or Heroes Program Members
Boat or RV 2019 & Newer $5,000 Min/$125,000 Max 7.15% Up to 60 Months  
Boat or RV 2019 & Newer $7,500 Min/ $125,000 Max 7.10% Up to 84 Months Available for <85% LTV or Heroes Program Members
Boat or RV 2019 & Newer $7,500 Min/ $125,000 Max 7.40% Up to 84 Months  
Boat or RV 2019 & Newer $15,000 Min/ $125,000 Max 7.20% Up to 120 Months Available for <85% LTV or Heroes Program Members
Boat or RV 2019 & Newer $15,000 Min/ $125,000 Max 7.50% Up to 120 Months  
Boat or RV 2019 & Newer $25,000 Min/$125,000 Max 7.70% Up to 144 months Available for <85% LTV or Heroes Program Members
Boat or RV 2019 & Newer $25,000 Min/$125,000 Max 8.00% Up to 144 months  
Boat or RV 2018 & Older $35,000 Min/$125,000 Max 8.95% Up to 180 months Available for <85% LTV or Heroes Program Members
Boat or RV 2018 & Older $35,000 Min/ $125,000 Max 9.25% Up to 180 months  

Example: A loan amount of $50,000 with a rate as low as 6.85% for 60 months would have an approximate monthly payment of $987.00

APR = Annual Percentage Rate

Subject to approval.  Approval and actual rate and term offered is based on overall creditworthiness factors and satisfactory collateral. Restrictions Apply.

 

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Let's Win Together

Are you ready to join LOC?

It’s easy to become a member of LOC Credit Union! 

Membership is open to anyone who lives, works, worships, or attends school in the state of Michigan. 

A current or eligible member's immediate family (spouse, sibling, child, grandchild, parent, grandparent) or an individual living in the same household of a current or eligible member can also join LOC.

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