Credit Union Boat Loans | Spokane Boat Loans From Canopy CU

Q: What rate do I qualify for with my credit score?

Your interest rate will depend on your credit score and the loan to value of the boat you choose to purchase. You can find a rough estimate of your credit score by downloading apps like Credit Karma and/or Credit Sesame but your true credit score will most likely be different when we pull it for your application. You can get one free credit pull per year (without having to apply for a loan) at annualcreditreport.com. Learn more about what makes up a credit score and how you can improve it in our blog What Makes up a Credit Score?

Apply for a boat loan

Boat loan rates as low as 7.99% APR*, fixed

apply for a boat loan

We have some of the lowest boat loan rates in Spokane! Check with us first to finance or refinance your new or used boat so you can get to enjoying the fun things like fishing, cruising around and playing water sports with your sweet new boat.

Benefits of boat loan financing/refinancing at Canopy:

We offer up to 100% boat loan financing so you can enjoy your new boat sooner rather than later
We offer longer-term options so you can feel comfortable with a monthly payment that fits within your budget
The process is quick & easy
We offer some of the lowest rates in town so you can feel confident with your savings as you head out onto the water

Fixed Rate Boat Loan

With a low, fixed rate boat loan you'll know exactly how much you'll be paying on your new or refinanced boat for the duration of your loan. This means your interest rate will be set and locked in, unlike a variable rate which can change at any time set by the terms of the variable rate loan. With a fixed rate boat loan from Canopy Credit Union, you'll be abel to set your budegt for exactly the amount you'll need for your payment every month, making planning everything else that much easier.

Get pre-approved for your boat loan

Get pre-approved for your boat loan before you go shopping! That way you'll know exactly what you can afford and this can give you better negotiating power with dealerships.

Get pre-approved today!

“Canopy made the entire process extremely easy for us and completed everything online through email so we didn’t even have to leave work. They communicated with us every step of the way so we knew what stage of the process we were at. Our Member Advocate, Jessica, was friendly, positive and extremely helpful!”

Boat loan calculator

Find out what your monthly payment will look like with our easy-to-use boat loan calculator!

Boat loan FAQs

We work hard to make sure we get back to you as soon as possible. We will follow-up with you within 1-2 business days.

Your interest rate will depend on your credit score. If you're an exsisting Canopy member you can access your credit score for free with the Credit Score tool from Savvy money after logging into your account. Otherwise, you can find a rough estimate of your credit score by downloading apps like Credit Karma and/or Credit Sesame but your true credit score will most likely be different when we pull it for your application. You can get one free credit pull per year (without having to apply for a loan) at annualcreditreport.com. Learn more about what makes up a credit score and how you can improve it in our blog What Makes up a Credit Score?

Yes, whenever you apply for a loan it is considered a hard pull/inquiry and will have a small effect on your credit score. Find out more about hard pulls and inquiries.

We’ll need your most recent paystub, current boat insurance information, and if you’ve already chosen the boat at a dealership you’ll need a purchase order for it.

Yes.

We offer loan terms anywhere from 1-15 years depending on the value of the boat. To find out more information, give us a call at 509.328.2900 or send us a webchat!

Ready to get your new boat?

Apply for a boat loan now

*Annual Percentage Rate, may vary based on approved credit. Lowest rate includes 1/4% off for automatic payment from a Canopy checking account and 1/4% off for additional services. Fixed rates range from 7.99% APR to 17.99% APR. Other rates and terms are available. Payment example: a $50,000 Boat Loan with a $10,000 downpayment at 7.99% APR and a 72 month term would result in a monthly payment of $754.