Interest Rate Schedule
Boats, Jet Skis, Cycles, Motor Homes, Van Conversions
Cannon Financial FCU is an Equal Opportunity Lender! Loan Rates may vary from listed schedule and are determined according to specific loan terms and the individual member's credit history based on the Managed Credit Program! All Rates subject to change without notice. Maximum rate charged for ANY LOAN will not exceed 18.00%. Rates may vary according to your credit worthiness. Ask your loan representative for details.
| LOAN TYPE | Collateral Description | Rate Range (APR) | Daily Period Rate | Loan Amount | Term Max Term 180 Months | Down Payment |
| Boats (NEW) | Length Greater than 12'- Less then 30' |
7.75% 13.75% |
0.021233% 0.037671% |
$5,000 $5K-$10,000 $25K-$25,000 $50K-$100K |
36 Months 48 Months 72 Months 96 Months 180 Months |
10% Down Payment or Greater |
| LOAN TYPE | Collateral Description | Rate Range (APR) | Daily Period Rate | Loan Amount | Term Max Term 180 Months | Down Payment |
| Boats (Used) No Greater than 10 years old 1996 - 2006 |
Length Greater than 12'- Less then 30' |
9.75% 16.75% |
0.026712% 0.045890% |
$5,000 $5K-$10,000 $25K-$25,000 $50K-$100K |
36 Months 48 Months 72 Months 96 Months 180 Months |
10% Down Payment or Greater |
| LOAN TYPE | Collateral Description | Rate Range (APR) | Daily Period Rate | Loan Amount | Term Max Term 180 Months | Down Payment |
| RV,Motor Home, Van Conversions (new) |
RV,Motor Home, Van Conversions |
7.75% 13.50% |
0.021233% 0.037671% |
$5,000 $5K-$10,000 $25K-$25,000 $50K-$100K |
36 Months 48 Months 72 Months 96 Months 180 Months |
10% Down Payment or Greater |
| LOAN TYPE | Collateral Description | Rate Range (APR) | Daily Period Rate | Loan Amount | Term Max Term 180 Months | Down Payment |
| RV,Motor Home, Van Conversions (used) No Greater than 10 years old |
RV,Motor Home, Van Conversions |
9.75% 16.75 % |
0.026712% 0.045890% |
$5,000 $5K-$10,000 $25K-$25,000 $50K-$100K |
36 Months 48 Months 72 Months 96 Months 180 Months |
10% Down Payment or Greater |
| LOAN TYPE | Collateral Description | Rate Range (APR) | Daily Period Rate | Loan Amount | Term Max Term 180 Months | Down Payment |
| (New) Motor Cycles All Terrain Vehicle (ATV) Jet Ski Boats less than 12' |
Motor Cycles All Terrain Vehicle (ATV) Jet Ski Boats less than 12' |
Starts at 5.875% | 0.020548% | $5,000 $5K-$10,000 $25K-$25,000 $50K-$100K |
36 Months 48 Months 72 Months 96 Months 180 Months |
80% LTD (MAX) |
| LOAN TYPE | Collateral Description | Rate Range (APR) | Daily Period Rate | Loan Amount | Term Max Term 180 Months | Down Payment |
| (Used) Motor Cycles All Terrain Vehicle (ATV) Jet Ski Boats less than 12' |
Motor Cycles All Terrain Vehicle (ATV) Jet Ski Boats less than 12' |
Starts at 6.626 % | 0.022603% | $5,000 $5K-$10,000 $25K-$25,000 $50K-$100K |
36 Months 48 Months 72 Months 96 Months 180 Months |
80% LTD (MAX) Limited to Model years (7-years or newer) |