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.
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
| Loan Type | Age | Minimum or Maximum | Fixed APR As Low As | Term | Note |
|---|---|---|---|---|---|
| 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 | 2019 & Older | $35,000 Min/$125,000 Max | 7.95% | Up to 180 months | Available for <85% LTV or Heroes Program Members |
| Boat or RV | 2019 & Older | $35,000 Min/ $125,000 Max | 8.25% | Up to 180 months | |
Rates for older boats and RVs are available. Please contact us for details. Payment 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. | |||||
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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Call: 800.837.4562
Text: 248.474.2200
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Friday 9 am to 6 pm
Saturday 9 am to 1 pm
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