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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.

Other Vehicle Loans
Effective Date: Wednesday, April 17th, 2024
Type of LoanTermAPR*Payment/$1000
New & Used Motorcycles 12-36 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 12-36 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
  85-120 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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