BOAT LOANS
What better way to celebrate a Michigan summer than with a new boat out on one of our state's great lakes! At CFCU, financing a new boat is simple. Our low rates and flexible terms can fit any budget. Don't spend the summer on the shore, hit the waves this summer on your new boat!
With a new boat loan from Christian Financial, you'll have benefits like:
- SKIP-A-PAYMENT for NO FEE once per year with Christian Financial on all recreational vehicles and boats! Choose your month to skip your payment.*
- Terms up to 240 months
- 5-minute online application Opens a New Window. and quick decision
Effective September 23, 2019
Boats & Recreational Vehicle Loans
(Boats, RVs, Travel Trailers, Motor Homes, Mobile Homes)
|
Loan Amount
|
Max Term |
APR* |
| Any amount |
Up to 120 months |
3.99% |
| $50,000 - $99,999 |
Up to 180 months |
4.49% |
| $100,000 and Above |
Up to 240 months |
4.99% |
*APR = Annual Percentage Rate. Rates shown are the best available, require automatic payments, are based on credit history, and subject to change without notice. Loans requested for more than 85% of collateral value may be subject to a higher rate of interest. Please see a CFCU Financial Service Representative for full details.
*Loan must be current (cannot be delinquent) to qualify for free annual Skip a Payment. Recreational vehicles only. Excludes loans written to covered borrowers under the Military Lending Act. The skipped payment will be added to the end of the loan and will extend the maturity date of the loan. If a scheduled payment for the loan has been set up through Online Banking or initiated by the member at another financial institution, the member is responsible for canceling the scheduled payment. Eligible loans may skip only one payment per calendar year. Recreational Vehicles that skip a payment are not eligible for the Holiday Skip a Payment program.