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Boat and RV Loans

Set out on your next adventure with a low rate boat and RV loan

Take advantage of all the adventures that Florida offers. Space Coast Credit Union has affordable loan options to get you into that boat, watercraft, or RV and begin enjoying the fun and relaxation you’ve dreamed of! 
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Product Features

Boat Loans and RV Loan Rates

Effective Date: March 18, 2020
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Type Payment Period APR* "As Low As" Payment per $1,000
Boats, Watercraft & RVs Up to 240 Months
Term determined by loan amount
4.49% $6.32
Rates shown are fixed Annual Percentage Rates and subject to change. Your actual rate and terms are affected by your creditworthiness, term selected, vehicle type, and model year. Certain restrictions apply. You may be asked to furnish a down payment. Florida loans are subject to Documentary Stamp Tax. The tax amount is not included in the quoted APR.

Frequently Asked Questions

Yes! Your financing options at Space Coast Credit Union for a used boat or RV offer competitive interest rates, easy pre-approvals, and you can even close your boat loan or RV loan online with Express Sign. Start your online loan application today.

The financing process at SCCU is fast and simple, and there are no application fees! You may apply online or call an SCCU lender for more information at one of these numbers:

  • Brevard: 321-752-2222
  • Broward: 954-704-5000
  • Miami-Date: 305-882-5000
  • All other areas: 800-447-7228

If you'd like to apply online, this is some of the information you will need to have handy for yourself and your co-applicant if you will have one on the loan:

  • Social Security numbers
  • Driver's license numbers
  • Employment information
  • Income information

Once you've applied, you'll receive fast approval and can close online with our secure and convenient Express Sign or close at the branch location that's most convenient for you. You'll also have access to free Online Banking and Mobile Banking, plus all of the advantages of SCCU membership.

The term length of RV loans varies depending upon the lender, but you may typically be able to secure terms from 10 to 15 years or more. Your credit score will likely be a factor in qualifying for the most advantageous terms, as well as the amount of the loan, the make and model year of the RV, and other criteria.

At Space Coast Credit Union, we have flexible terms up to 240 months on RV loans, plus affordable interest rates and convenient online loan closing. If you're ready to buy a new or used RV, start your online application today.

At Space Coast Credit Union, we offer payment periods of up to 240 months on new and used boats, watercraft and recreational vehicles. The maximum term will be based on the amount of the boat loan and your credit rating.

When you're looking for boat financing, you may find that down payment requirements vary among lenders. The amount often depends upon the age of the boat or watercraft you want to buy and what type it is, as well as the total amount you want to borrow. Down payments may generally range from 10% down on lower loan amounts to 20% or more on the highest. Your credit quality may also be a factor in the down payment amount and other terms of the boat loan.

At Space Coast Credit Union, qualified buyers may be eligible for up to 90% financing on terms up to 240 months with no application fee.

As with any type of borrowing, you will need to satisfy the lender's requirements for obtaining a boat loan, such as a certain minimum credit score. Lenders may also have their own guidelines regarding the total loan amount, the maximum age of the boat that they will finance and more.

In addition to allowing you to enjoy all of the benefits of boat or RV ownership, financing your boat or RV also offers these advantages:

  • The RV or boat can be used as collateral for your loan
  • On-time payments on your boat loan or RV loan can help you build good credit
  • With a fixed-rate loan, you will have a monthly payment that won't change

Visit our loan rates page for information on boat loan and RV loan rates. Contact us for the very latest rates or to learn more about our flexible, affordable terms and fast pre-approvals. We offer RV financing for both new and used RVs.

The best boat loan or RV loan is the one that meets your financial goals. Whether the lowest interest rate is most important to you or you want the most flexible terms, there are several types of financing that may be used to purchase a boat, watercraft or RV, including:

  • Fixed-rate loans: These loans typically use the boat, RV or watercraft as collateral. A fixed-rate collateral loan is good for borrowers who want a monthly payment that won't change for the life of the loan.
  • Personal loans: These types of loans include unsecured signature loans that allow borrowers to finance a purchase without securing the loan with personal property, and a secured loan that is backed with an asset. Personal loans may be a good option for borrowers who may not need longer-term financing.
  • Home equity loans: These loans allow borrowers to use the equity they've earned in their homes to make purchases. The maximum amount of the loan depends upon the home's loan-to-value ratio and other factors. There may be some tax advantages with a home equity loan; please consult your tax specialist or financial advisor for details.

Most lenders will finance travel trailers, fifth wheels, pop-up campers, class A motor homes and class C motorhomes. A wide range of boats and watercraft may be financed, including sailboats, powerboats, jet skis, motorboats, and cabin cruisers. To find out if Space Coast Credit Union offers financing on the boat, watercraft or recreational vehicle you're interested in purchasing, please contact us.