Boat Loans
Save a boatload on affordable boat financing with Rio Grande Credit Union. Finance your new or used boat today and spend your tomorrows on the water.
Our boat loans feature:
- Fixed loan interest rates as low as 9.53% APR (OAC)1
- Up to 90 days with no payment2
- No application fees
- Terms up to 15 years3
- Boat loan refinancing available
1. APR=Annual Percentage Rate. Rates are subject to change at any time without notice. All loans, terms, and conditions are subject to credit approval. Rates listed are “as low as” rates and assumes excellent credit history. Not all applicants will qualify for the lowest rate. Actual interest rate charged is based on credit history, age of the vehicle and terms of the loan, which can only be determined upon receipt of application. All consumer loans are charged simple interest with no pre-payment penalty. Up to 100% financing available for qualified applicants. Payment example: $628.44 per month for a $25,000 loan for 48 Months at 9.53% APR. Other terms and rates are available and may be more beneficial for your situation.
2. Interest accrues during deferral period. Negative amortization cannot occur. Not all loans will qualify for 90 days deferred. 45 days and 60 days are options in that case.
3. Longer terms require higher loan amounts.
Boat Loan Rates
| RV and Boat Loans | |||
| Effective Date: Wednesday, April 30th, 2025 | |||
| Term | APR As Low As | Loan Amount | Approx Monthly Payment |
| 48 Months | 9.53% | $25,000 | $628.44 |
| 60 Months | 10.03% | $25,000 | $531.55 |
| 72 Months | 10.43% | $25,000 | $468.59 |
| 84 Months | 10.63% | $50,000 | $423.21 |
| 96 Months | 11.53% | $50,000 | $799.79 |
| 120 Months | 12.03% | $75,000 | $1077.33 |
| 144 Months | 12.53% | $75,000 | $1009.27 |
| 180 Months | 12.63% | $75,000 | $930.75 |
APR=Annual Percentage Rate, effective for current and past six model years. We have good rates for older models as well. Rates are subject to change at any time without notice. All loans, terms, and conditions are subject to credit approval. “As low as” rate assumes excellent credit history. Not all applicants will qualify for the lowest rate. Actual interest rate charged is based on credit history, age of the vehicle and terms of the loan, which can only be determined upon receipt of application. All consumer loans are charged simple interest with no pre-payment penalty. Up to 100% financing available for qualified applicants. Maximum term for vehicles under $10,000 is 48 months. Loans $25,000 and less can finance up to 72 months. Loans $25,000-$50,000 can finance up to 96 months. Loans $50,000-$75,000 can finance up to 144 months. Loans greater than $75,000 can finance up to 180 months. | |||