Lowell Municipal Employees Federal Credit Union

Recreational Vehicles

Love RVs, boats or motorcycles ? Enjoy freedom on the road and on the water.

You work hard.
And when you play, you play hard…because you’ve earned it! Whether it’s taking the family camping, going on a joyride in your motorcycle or zipping across the water on your boat, we have the loan to get you the equipment you need to make the most of your play time.

What is a Recreational Loan?
Recreational loans provide you with the financial backing to purchase an ATV, an RV, a motorcycle, or a boat. Like any loan, the interest rate will vary based on your credit score and income and you can take up to 5 years to pay it back.

Download Loan Application

Cond.	Model Yrs	Term	*APR	Per/$1000	Tier	Credit Score	Debt Ratio	MAX
New	2021 – 2023	7 year(‘s)	7.0 %	$	1	700-850	42 %	$ 65,000
New	2021 – 2023	7 year(‘s)	7.25 %	$	2	600-699	38 %	$ 65,000
New	2021 – 2023	7 year(‘s)	7.5 %	$	3	500-599	32 %	$ 65,000
Used	2017 – 2020	5 year(‘s)	7.5 %	$	1	700-850	42 %	$ 65,000
Used	2017 – 2020	5 year(‘s)	7.75 %	$	2	600-699	38 %	$ 65,000
Used	2017 – 2020	5 year(‘s)	8 %	$	3	500-599	32 %	$ 65,000

Note: Individuals with credit scores of 350-499 are not eligible for consideration.

*APR = Annual Percentage Rate. Rates subject to change without notice. Some restrictions apply. For qualified borrowers.

Tier 3 requires co-borrower with at least a 650 or higher credit score and credit committee approval. Calculators are for estimating purposes only.

Calculate Your Monthly Payments*

Loan Amount: $

Interest Rate: %

Years: Make your changes then hit "enter" on your keyboard.

Your monthly payments will be $

Your weekly payments will be $

Borrowed Amount: $

Total Interest of Loan: $

Total Loan Repayment Cost: $

*Calculators are for estimating purposes only.

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