Boat Loans

The Credit Union offers both new and used boat loans with a variety of terms. Boats currently financed through a different lender can be refinanced with SECU. Powerboats and sailboats are eligible for financing. The Credit Union also finances personal watercrafts, such as jet skis and sea doos.

Fixed rate financing is available for loans less than $50,000 with a term of 72 months or less. Variable rate financing is available for loans greater than $50,000 or that are financed for a term longer than 72 months. Variable rate financing is available for a maximum loan term of 120 months (or 10 years). Insurance must be maintained on the boat. The Credit Union offers boat and watercraft insurance policies and can provide you with a quote.

New Boat Loan Specifications

• Financing up to 75% of the MSRP or sales price, whichever is lower
• % APR¹ for terms up to 72 months using Payroll Deduction/Funds Transfer repayment Calculate Payment (% APR¹ using Direct Pay) Calculate Payment
• % APR¹ for terms² 73 to 120 months and greater than $50K using Payroll Deduction/Funds Transfer repayment Calculate Payment (% APR¹ using Direct Pay) Calculate Payment
• Current year or prior year models

Used Boat Loan Specifications

• Financing up to 75% of the purchase price or appraised value³, whichever is lower
• % APR¹ for terms up to 60 months using Payroll Deduction/Funds Transfer repayment Calculate Payment (% APR¹ using Direct Pay) Calculate Payment
• Terms up to 60 months available for 2004 to current year models
• Terms up to 48 months available for models prior to 2004

You can apply for a boat loan in Member Access. Our application form can also be completed and provided to your local branch or to the Call Center.

Other Related Links:

• Boat and Watercraft Insurance
• Credit Life and Disability Insurance
• Loan Application
• Loan Services and Procedures Brochure
• Qualifying