Boat Loan Rates

Boat Loan Rates

Boater-friendly rates make Michigan's waters even more inviting

Save a boatload of money when you finance your boat or other watercraft with one of our low-cost loans.

Boat Loan (New and Used) Rates
Effective Date: March 1, 2024
$5,000 (Minimum loan amount)
Term Up to 60 Months
APR* As Low As 7.38%
$7,500 (Minimum loan amount)
Term Up to 84 Months
APR* As Low As 7.77%
$15,000 (Minimum loan amount)
Term 85 to 120 Months
APR* As Low As 7.92%
$25,000 (Minimum loan amount)
Term 121 to 144 Months
APR* As Low As 8.02%
$35,000 (Minimum loan amount)
Term 145 to 180 Months
APR* As Low As 8.32%
Financing Term APR* As Low As
$5,000 (Minimum loan amount)Up to 60 Months7.38%
$7,500 (Minimum loan amount)Up to 84 Months7.77%
$15,000 (Minimum loan amount)85 to 120 Months7.92%
$25,000 (Minimum loan amount)121 to 144 Months8.02%
$35,000 (Minimum loan amount)145 to 180 Months8.32%

Credit Union ONE is a full-service financial institution with locations in Southeast Michigan, Davison, MI, Traverse City, MI, and Grand Rapids, MI.

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APR = Annual Percentage Rate. Approval and actual rate offered is based on creditworthiness factors. Minimum loan amount is $5,000 and the maximum is $250,000. Borrowers must have a valid Michigan Driver’s License. Not all boats are eligible. Approximate monthly payment would be $20.05 per $1,000.00 borrowed at 7.38% for 60 months. May not refinance existing Credit Union ONE Boat loans. Loan to value may not exceed 100%. Other conditions may apply. Rates subject to change.

The calculator tools are not guarantees of credit. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes.