Boat and RV Loans

Benefits of getting your boat or RV loan through GreenState:

Flexible terms from 12 to 180 months

Easy payment options through Online Banking

Unmatched customer service from local representatives

Check Today’s Rates

To apply, give us a call at (800) 475-6728 or stop by any branch location.

GAP Insurance

GAP insurance helps protect you if you suffer a total loss of your vehicle and the insurance payout is less than the amount owed on your loan. It covers that “gap.” GreenState offers GAP insurance on most loans, usually at a much better price than you'll get at a dealership or insurance company.

PayBreak Debt Protection

Getting any loan can be a bit of a financial gamble because things happen...life happens. PayBreak Debt Protection3  is a voluntary loan-payment protection product that helps you get relief from the burden of delinquency or default if a protected life event happens. Protected events include: loss of life, disability or involuntary unemployment. Call (800) 397-3790 and ask about protecting your loans, today.

Purchase of additional protection products (GAP Insurance or PayBreak Debt Protection) is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. 

FAQ

  • What is the maximum loan amount?

    The maximum loan amount is $150,000 for 180 months with an 80% Loan-to-Value (LTV) ratio. (Some exceptions may be granted.)

  • What types of boats and RVs are eligible?
    • Eligible RVs: Motor homes, pop-up campers, fifth-wheel campers, horse trailers with living quarters
    • Ineligible RVs: Park models, destination trailers, rental units, full-timers, horse trailers without living quarters
    • Eligible boats: Speedboats, pontoon boats, fishing boats
    • Ineligible boats: Houseboats

    Please contact us at (800) 475-6728 if you have questions about whether your vehicle is eligible.

  • How do I make a payment for my GreenState RV or Boat loan?
    • You can make auto loan payments from a GreenState checking or savings account in Online Banking by making an internal transfer to the loan.
    • You can make auto loan payments with a non-GreenState debit card or bank account in our Online Payment Center.
    • You can make auto loan payments in person at any GreenState branch or by calling (800) 397-3790 to discuss other payment options.
  • What are the insurance requirements for GreenState auto loans?

    Borrowers must provide proof of insurance that shows the following items:

    • Lienholder / Loss Payee: GreenState Credit Union, P.O. Box 2248, Sioux City IA 51104
    • Must have Comprehensive and Collision coverage on vehicle with a deductible less than or equal to $1,000.
    • Vehicle listed on policy must match vehicle on loan document.
    • Policy number, period, and company name must be listed.
    • No excluded drivers can be listed.
  • Where is my Boat or RV's title?

    Your vehicle's title is held by GreenState until your loan is paid in full. Once a final payoff amount is received, title processing takes between 2-3 weeks.

Loans