Boat loans

Financing for new and used boats, with great interest rates specifically for members seeking boat loans, are a great first step to get you out on beautiful Oregon waterways. First, make your way to Oregon State Credit Union's online boat loan application or to any branch.

Apply online | Boat loans new or used

  • No application fees

  • No prepayment penalty for early payoff

  • Get NADA pricing guides.

  • Up to 100% financing available to qualified buyers

  • Discounted rate for automatic payment transfer

  • Additional discounted rate for members in Enhanced or Premier Member Merits categories

About boat loans at Oregon State Credit Union

Looking to purchase or refinance a variety of new or used watercraft and trailers? We can help.

What is a "secured" boat loan?

  • Oregon State Credit Union boat financing is a loan secured by the title of a new boat and trailer. New is defined as the current and prior model year, and not previously titled.

What can the boat funding be used for?

  • Funds can be used to purchase a new boat, trailer and motor, or to refinance an existing new boat loan.

What kinds of boats cannot be financed with an Oregon State Credit Union loan?

  • We do not finance yachts or sailboats.

RV, boat and other recreational vehicle loan rates
Effective Date: Thursday, December 9th, 2021
Vehicle typeAPR (Low)*APR (High)Repayment terms
New boat or RV (2020-2021) 4.74% 15.99% Up to 72 months
New boat or RV (2020-2021) 4.99% 16.24% 73-180 months
Used boat or RV (2011-2019) 5.24% 16.74% Up to 72 months
Used boat or RV (2011-2019) 5.49% 16.99% 73-180 months
Loan rates for ATVs, horse trailers, motorcycles, snowmobiles and personal watercraft are featured below.
New (2020-2021) 4.49% 16.99% Up to 72 months
New (2020-2021) 4.74% 17.24% 73-84 months
Used (2015-2019) 5.49% 17.74% Up to 72 months
Used (2015-2019) 5.74% 17.74% 73-84 months

*APR (Low) indicates the lowest annual percentage rate you may qualify for on the loan. The loan interest rates shown in the table are reflective of a range of rates available. All loans are subject to approval. You may qualify for the lowest rates published depending upon your credit qualification, the amount financed, receiving a 0.25% APR reduction by maintaining an automatic loan payment each month and 0.25% APR reduction for qualifying for the Premier Member Merits category. The Member Merits rate discounts are subject to change.

The following examples illustrate the expected monthly loan payments for members who qualify for the prime rate, premier member merit status and enroll in automatic monthly payments.

  • A $10,000 new RV or boat loan with a 72 month repayment term will have a 4.74% APR and a monthly payment of $159.85.
  • A $20,000.00 new RV or boat loan with a repayment term of 120 months will have a 4.99% APR and a monthly payment of $212.05.
  • If you delete your automatic payment request, or the credit union terminates your automatic payment request due to insufficient available funds, this interest rate may be increased by one-quarter of one percent (0.25%) for the remaining term of the loan. This rate change will be reflected on your Credit Union statement.

We may offer other rates in the future. We may be able to match rates from other lenders. All loans are subject to approval.

Apply today for your boat loan

Apply online | Boat loans new or used

Visit an Oregon State Credit Union branch to start your boat loan.

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