Climb aboard
We finance many kinds of boats, all at a fantastic low rate.
If you’re not happy with your current boat loan, we also do refinancing.
Enjoy the open water
Whether you’re looking for the perfect fishing companion, or you want some serious speed, we’ve got the boat loan for you. We cover a wide variety of boat types, and we also do refinancing. With generous terms and up to 90% financing, choosing us is a no-brainer. Need extra protection? Both Guaranteed Asset Protection (GAP) and Payment Protection) are available for all of our vehicle loans.
Up to 90% financing available
Loans up to $100,000
Terms up to 240 months
Absolutely no prepayment penalties
Fast and easy online applications
Rates as low as
Monthly Payment
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I recently requested a Loan from NW Preferred. I wanted to say what a pleasure it was to work them. They were helpful, upbeat and responded to my emails in record time. The whole process was made easier by their professionalism.
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Rates and terms may vary based on a borrower’s credit qualifications.
APR = Annual Percentage Rate. The APR shown is a fixed rate, for 2023 or newer boat, with a term of no more than 60 months, for borrowers with a 680 or better credit rating. Other rates and terms are available. If boat qualifies as a residence (has sleeping, sanitation and food preparation capabilities) the loan qualifies for a variable rate with extended terms. See Credit Union for details. All loan rates are determined by Credit Union management and subject to change at any time. The Credit Union may offer other rates in the future. All services offered by the Credit Union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, Credit Union bylaws and all regulations, rules and practices now or hereafter adopted by the Credit Union. All loans subject to credit approval. Maximum Boat loan amount not to exceed $100,000.
$50,000 boat loan with a 60-month term at 7.74% APR will have a monthly payment of $1,007.56. Other fixed and variable rate options available, with terms up to 240 months.
Rates
| Account Type | Model Year | APR* | Financing | Terms (months) |
|---|---|---|---|---|
| New Boat & RV Loan3 |
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| New Boat & RV Loan3 |
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| Used Boat & RV Loan3 |
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| Used Boat & RV Loan3 |
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f - fixed
v - variable
a - adjustable
*APR=Annual Percentage Rate.
Rates and terms may vary based on a borrower’s credit qualifications. All loan rates are determined by Credit Union management and subject to change at any time. The Credit Union may offer other rates in the future. All services offered by the Credit Union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, Credit Union bylaws and all regulations, rules and practices now or hereafter adopted by the Credit Union. All loans subject to credit approval.
2 The Annual Percentage Rate is variable and subject to change on the first of each month. The quoted rate is established by adding a factor (based on borrower’s credit profile) to the 26-week Treasury Bill rate, rounded up to the nearest ¼%.
3 Maximum Boat loan amount not to exceed $100,000. Maximum RV loan amount not to exceed $200,000.
4 If the RV or boat qualifies as a residence (has sleeping, sanitation and food preparation capabilities) the loan qualifies for extended terms.
$50,000 boat loan with a 60-month term at 7.74% APR will have a monthly payment of $1,007.56. $100,000 RV loan with a 60-month term at 7.74% APR will have a monthly payment of $2,015.11. Other fixed and variable rate options available, with terms up to 240 months.
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