Available for new or used motorcycles, RVs and boats
Recreation is more enjoyable with the money-saving features of MIT Federal Credit Union's recreational vehicle loans. Get a low, fixed rate and your choice of term based on your credit score, vehicle type and condition
- No processing fees
- No service fees
- No prepayment penalty
100% financing may be available for motorcycles.
| Type of Loan | Term | APR* | Payment/$1000 |
|---|---|---|---|
| New & Used Motorcycles | 36 Months | 5.00% | $29.98 |
| 48 Months | 5.25% | $23.15 | |
| 60 Months | 5.50% | $19.11 | |
| 72 Months | 5.75% | $16.46 | |
| 84 Months | 6.00% | $14.62 | |
| New & Used Boats and RV's & Utility Trailers | 36 Months | 7.25% | $30.99 |
| 48 Months | 7.50% | $24.18 | |
| 60 Months | 7.75% | $20.16 | |
| 72 Months | 8.00% | $17.54 | |
| 84 Months | 8.25% | $15.72 | |
| 120 Months | 8.50% | $12.40 |
More benefits of financing with MIT FCU
- Setting up automatic loan payments automatically qualifies you to receive APR discounts**
- Additional Insurance & Coverages are available through our affiliate partner, TruStage, at low rates to protect valuable assets.
*APR = Annual Percentage Rate. Rate disclosed is based on a highly qualified credit candidate. Rates may vary based on individual creditworthiness. Rates are valid as of July 1, 2021 and are subject to change without notice.
**Automatic loan payments qualifies you for a 0.25% APR reduction, with the exception of the Tuition Assistance Loan. All Personal, Student, Auto, Motorcycle, Trailer, Boat, and RV loans are eligible for an ANNUAL PERCENTAGE RATE reduction of 0.25%.
MIT FCU does not charge for the autopay service.
Discontinuing autopay will result in the loss of promotional 0.25% ANNUAL PERCENTAGE RATE reduction. Any increase in the ANNUAL PERCENTAGE RATE will result in an increase of remaining payments. For example, if Your motorcycle loan was for $10,000 at 6.4% for 5 years, and the rate increased by 0.25% after 12 months, Your payment would increase by $0.95.
For the life of the loan this offer will never expire. However, the promotion may end at anytime and without notice.
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