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People Driven Credit Union

Boat Loans

Set Sail with Boat and Wave Runner Loans from PDCU

Apply for a Boat Loan

If It Floats, We Finance It.

Ready to make a splash on the water? People Driven Credit Union (PDCU) offers specialized loans to help you finance your dream boat, jet ski, or wave runner. With competitive rates, flexible terms, and a streamlined application process, we make it easy to enjoy the water adventures you’ve always wanted. Whether cruising the inland lakes of Michigan or speeding across the waves of Lake Michigan, People Driven Credit Union is here to support your aquatic lifestyle. Dive into our financing options today and get ready to hit the water with confidence.

Membership and eligibility requirements apply, with approval subject to application, credit, and vessel considerations.

Loan Rate Discount¹

Boat Loan Rates as Low As

6.74%¹ APR*

¹Take advantage of a 0.25% discount when you enroll in autopay, already factored into the “as low as” rate. This discount applies to those who set up automatic payments from a People Driven Credit Union checking or savings account.

6.74%

Apply Online Now

Get Pre-Approved for a Boat Loan

Get pre-approved for your boat loan with People Driven Credit Union and shop confidently. Instead of haggling over financing, focus on finding the perfect vessel.

Get Pre-Approved

With branches and ATMs easily accessible around Metro Detroit and Southeast Michigan, PDCU is your trusted partner for boat financing.

Boat Loan Rates

Loan and financing rates for motor homes, campers, boats, motorcycles, ATVs and snowmobiles. Add 1.00% to applicable rate on loans with collateral that is 11 to 15 years old. PDCU may consider doing a loan with collateral that is older than 15 years (on an exception basis only), in which case 2.00% would be added to applicable rate.

Term

(Months)

≤60

61-84

85-120

121-180

APR*

as low as¹

 6.74% 7.90% 8.40% 9.20%

Rates Effective as of:

6.74%

 

 

Calculate Your Monthly Boat Loan Payment

Monthly Payment

Loan Amount
$
%
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Use of a calculator is not a guarantee of credit and is a estimate.

Frequently Asked Questions

AutoPay is a convenient service that automatically withdraws your loan payment each month from your People Driven Credit Union checking or savings account. It helps you stay on track, avoid late fees, and may even qualify you for our ¹Special Loan Rate Discount. To enroll in AutoPay, please call us at 248-263-4100 and a representative will assist you with setup.
Our ¹Special Loan Rate Discount offers a 0.25% APR reduction when you set up automatic payments (AutoPay) for your loan from a People Driven Credit Union checking or savings account. This discount is already included in the “as low as” rate advertised. To enroll in AutoPay and receive the discount, please call us at 248-263-4100. A representative will assist you in setting up monthly automatic withdrawals from your PDCU account. Note: The discount is available only for eligible loans with AutoPay set up from a PDCU account. Terms and conditions may apply.
You’ll generally need proof of income, a look at your credit history, and details about the watercraft you wish to finance. Our team is here to help every step of the way. For more information or personalized assistance, please contact a People Driven Credit Union representative at 248-263-4100.
Our application process often provides pre-approval decisions quickly, and final approval typically takes just a few days once all documentation is submitted.
Yes, enrolling in autopay may qualify you for a rate discount, reducing the overall cost of your loan. Check with our team for current promotional details.
A down payment may be needed, depending on your credit profile, the value of the vehicle or watercraft, and the specific loan structure. While not always required, a down payment can lower your monthly payments and the total amount of interest paid. Our representatives will guide you through the requirements. Call 248-263-4100 to speak with a PDCU loan officer.
Loan terms are flexible and can be tailored to fit your financial situation. At People Driven Credit Union, loan terms for recreational vehicles such as ATVs, motorcycles, boats, snowmobiles, and campers generally range from 12 to 180 months. Longer terms can lower monthly payments but may result in higher total interest paid.
Yes, PDCU finances both new and pre-owned watercraft. Rates and terms may differ, so our team can help you find the best option based on your needs.
Absolutely. Our pre-approval process gives you a clear idea of your borrowing power before you start shopping, simplifying your purchasing journey.
Interest rates vary based on factors like your credit score, loan term, and the age of the vehicle or watercraft. People Driven Credit Union offers competitive rates to make financing accessible and affordable for our members. Call 248-263-4100 to speak with a PDCU loan officer about the loan rate you can expect.
You can finance a variety of recreational watercraft, including boats, jet skis, and wave runners. If it floats, People Driven Credit Union can probably finance it.
People Driven finances motor homes, campers, boats, motorcycles, ATVs, and snowmobiles! Many members ask what recreational vehicles PDCU finances when planning their next adventure on the road, on the water, or on the trail.

Recreational Vehicles We Finance

  • Motorhomes (Class A, B & C)
  • Fifth-wheel trailers, travel trailers, and pop-up campers
  • Boats, wave runners, and jet skis
  • Motorcycles
  • ATVs
  • Snowmobiles
People Driven Credit Union offers competitive financing for a wide range of recreational vehicles. Whether you want a new or used purchase or a refinance, we make it easy with rates as low as 6.84% APR*, flexible terms up to 180 months, and the option for no payments for 90 days on qualified loans.

Why Choose PDCU for Your Recreational Vehicle Loan

Loans go up to $125,000. You get quick decisions, an easy online application, and the 0.25% rate discount when you set up AutoPay from a PDCU checking or savings account. Membership is required and open to anyone who lives, works, worships, attends school in Michigan, or is related to a current member.

Apply for Your Recreational Vehicle Loan

Start your application online today at our Recreational Vehicle Loans page. You can also apply directly for specific types: RV / Motorhome / Camper Loans, Boat Loans, or Motorcycle Loans.

Common Questions

What recreational vehicles does PDCU finance? People Driven finances motor homes, campers, boats, motorcycles, ATVs and snowmobiles!

Get Help from Our Team

Call us at 844-700-7328 during business hours. Our team answers questions and helps you apply for your recreational vehicle loan. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo.

5 Helpful Hints for Financing a Recreational Vehicle

  1. Check your credit score before you apply to qualify for the best rates.
  2. Gather your Driver’s License, Social Security number, and income details.
  3. Apply online at our Recreational Vehicle Loans page for the fastest start.
  4. Ask about the 90-day no-payment option if you are a current member.
  5. Contact us at 248-263-4100 for a pre-approval before you shop.
People Driven Credit Union finances the recreational vehicles you love so you can enjoy every adventure. From motor homes and campers to boats, motorcycles, ATVs, and snowmobiles, we offer the rates, terms, and service that make buying easy. Many members hit the road or water the same month they apply. Thank you for banking with us. Our team is always ready to help you finance your next recreational vehicle.

How do I check my loan application status at People Driven Credit Union?

You can check your loan application status by contacting People Driven Credit Union or your assigned loan specialist. Many members ask how do I check my loan application status because they want fast updates on their progress.

How to check the status

  • Call PDCU member or loan support at 248-263-4100.
  • Have your identifying information ready for verification.
  • Ask whether any additional documents are needed to proceed.
Checking your loan application status at People Driven Credit Union is simple and secure. You receive clear answers quickly. Our team keeps you informed every step of the way.

Call for Your Status Update

Pick up the phone and dial 248-263-4100 during business hours. Our loan specialists answer right away. Give them your name, application number, or Social Security number. They pull up your file instantly.

Prepare for the Call

Have your driver’s license or member number ready. Note any recent emails or letters from us. This speeds up the process so you get answers faster.

Common Questions

How long does a review usually take? Timing varies by loan type and application volume, so contact PDCU for your current status timeline.

Get Help from Our Team

Call us at 248-263-4100 during business hours. Our team checks your status right away. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo.

5 Helpful Hints for Checking Your Loan Application Status

  1. Call early in the day for shorter wait times.
  2. Write down your application number before you call.
  3. Ask for an email summary of your current status.
  4. Check your spam folder for any updates from PDCU.
  5. Contact us at 248-263-4100 if you need to submit more documents.
People Driven Credit Union keeps you informed about your loan application status. You feel confident knowing exactly where things stand. Our team works hard to move your application forward quickly. Many members receive approval updates within days. Thank you for trusting us with your loan needs. Our team is always ready to help you reach your financial goals.

How do I skip a payment at People Driven Credit Union?

People Driven Credit Union may offer skip-a-payment opportunities during eligible periods and for qualifying loans. Many members ask how skipping a payment helps when they need temporary relief.

How skip-a-payment works

  • Eligibility can depend on loan type and payment history.
  • Program windows and terms may vary during the year.
  • A fee or additional interest impact may apply.
Skipping a payment at People Driven Credit Union gives you breathing room when money is tight. Eligible members can skip one loan payment per calendar year on most loans. You pay a $35 processing fee per loan. Interest continues to accrue during the skipped month, which may extend your loan term slightly.

Skip-a-Payment Requirements

You must be in good standing with all loans current. The $35 fee must be available in your checking or savings account. Most consumer loans qualify. Exclusions include Fresh Start Auto loans, lines of credit, mortgages, commercial loans, credit cards, and several other special loan types.

To get started, you can either complete the process through the MyPDCU app, via PDCU’s Online Banking portal or by filling out a Authorization Form and submitting it to any of our branches or mailing it to:

Skip-A-Payment People Driven Credit Union 24333 Lahser Road Southfield, MI 48033

Common Questions

How do I know if I qualify? Contact PDCU to confirm current program details, eligibility, and timing.

Get Help from Our Team

Call us at 248-263-4100 during business hours. Our team checks your eligibility right away. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo.

5 Helpful Hints for Skipping a Payment

  1. Call at least one business day before your payment is due.
  2. Have your loan number and member number ready.
  3. Ensure $35 is available in your account for the fee.
  4. Remember interest still accrues during the skipped month.
  5. Contact us at 248-263-4100 to confirm your loan qualifies.
People Driven Credit Union offers the skip-a-payment option to help members during tough times. You stay in control of your finances with this flexible program. Many members use it successfully once per year. Thank you for banking with us. Our team is always ready to help you manage your loans.

How do I make a loan payment at People Driven Credit Union?

You can make a loan payment through People Driven Credit Union using online tools, automatic options, or approved payment channels. Many members ask how to make a loan payment because the options are fast and convenient.

Ways to make a loan payment

  • Pay through online or mobile banking.
  • Set up recurring automatic payments.
  • Use approved in-branch or phone-supported options when needed.
Making a loan payment at People Driven Credit Union is simple and secure. You choose the method that fits your schedule. Most payments post the same business day when submitted before cutoff time.

Pay Online or in the Mobile App

Log into online banking at my.peopledrivencu.org or open the MyPDCU app. Go to Transfers. Select your checking or savings account as the source. Choose your loan as the destination. Enter the amount and submit.

Set Up Automatic Loan Payments

Enroll in AutoPay from your People Driven checking or savings account. This ensures your payment is made on time every month. AutoPay may also qualify you for a 0.25% rate discount on eligible loans. Call to set it up or do it yourself in online banking.

Common Questions

Can I set automatic loan payments? Yes. Many members choose auto-pay for consistency and fewer missed payment risks.

Other Payment Options

Call Member Services at 844-700-7328 during business hours. They process payments over the phone. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo to pay in person.

5 Helpful Hints for Making Your Loan Payment

  1. Make payments at least one business day before the due date.
  2. Enroll in AutoPay to never miss a payment and possibly save on interest.
  3. Use the mobile app for payments anytime and anywhere.
  4. Keep your loan number handy when calling or visiting a branch.
  5. Contact us at 248-263-4100 if you need payment arrangements.
People Driven Credit Union offers flexible ways to make your loan payment. You stay in control of your finances with options that work for you. Many members use AutoPay for peace of mind. Thank you for banking with us. Our team is always ready to help you manage your loans successfully.

Disclosures

**Rates could be higher for older boats. APR may differ based on loan purpose, amount, term, and member’s credit score. A down payment may be required. Other terms and conditions are based on Loan to Value. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. 90-day no payment may be limited depending on term.

Certain limitations may apply. Please consult with a representative for further information. Loans are exclusively available for boats. Membership with the Credit Union is mandatory for loan disbursement. For 30, 60, or 90-day no-payment loans, interest will commence accruing upon loan disbursement and will be spread out over the subsequent monthly payments.

6.74%

Rates are higher if older than 10 years. Boats older than 15 years are financed on an exception basis only.

*APR = Annual Percentage Rate: The actual APR and loan term is subject to approval and may be determined upon the borrower’s creditworthiness, the amount borrowed, and the type, value, age, and condition of the collateral offered to secure the loan (when applicable). Rates are effective as of today and are subject to change.

¹Special Loan Rate Discount: Benefit from a .25% reduction when enrolling in our autopay service, which is included in the “as low as” rate advertised. The discount is available to those who setup autopay of their monthly loan payment from a People Driven Credit Union checking or savings account.

Membership Requirement

All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members. To complete an application for any account or loan, you will need the following information:
  • A valid Driver's License, State ID, or Passport with your current address
  • Your Social Security Number
A Membership Share Savings Account is required to establish membership at People Driven Credit Union. A $5 deposit secures your ownership share in the credit union and unlocks access to our full suite of products and services. This account earns 0.01% APY with a $5 minimum deposit.