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Recreational Vehicle Loans |
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UCU can help our
members get away from it all! Take an afternoon to go fishing on
your new boat or cruise the highway on your new motorcycle. RVs are
a great way to take the entire family on a much needed break. How
can we help?
The Credit Union
offers Recreational Vehicle Loans for purchases or refinancing of new or
used motorcycles, boats, or recreational vehicles (RVs).
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Program Highlights: |
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Maximum Loan Amount |
$75,000 |
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Maximum Loan-to-Value Ratio |
80% of dealer invoice or book value, whichever is less |
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Legal Documentation Required |
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Executed
Purchase and Sales Agreement
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Evidence of
insurance with UCU listed as Lien holder. Full coverage insurance
(includes fire, theft and collision) with a maximum deductible of $500.00
is required.*
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Executed
Open-End Credit Agreement (signed UCU loan
agreement) |
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Loan Type
Motorcycle
Boat
Recreational
Vehicle |
Maximum Term
5 years
15 years
10 years |
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* The Credit Union will perfect a lien holder position on
the title and retain the title until the loan is paid in full. The
Credit Union will retain the insurance policy or binder until the loan is
paid in full. |
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Applying for
your Recreational Vehicle Loan online is easy and secure. Simply,
click here
and you will be on your way to the joys of owning a recreational vehicle.
Questions? Don't hesitate to call one of our helpful Loan Officers at
(617) 739-7447 or email us at
universitycredit@universitycu.org. You can also send your
questions securely with our online
comments form. |
