Boat Loans

Get ready to set sail with our speedy approval process and low rate on boats and watercraft.

Whether you enjoy fishing, sun bathing, or simply setting sail, our low-interest-rate loans for boats and watercraft will get you there. With our quick approval process and competitive rates, you’ll be on the water fast with guaranteed guilt-free pleasure.​

Boat Loan Features

  • Low interest rates
  • Financing available for new and used vehicles
  • Quick and easy approval process
  • Pre-approval available
  • Flexible terms
  • Reliable and expeditious service


New boats and watercraft: maximum loan amount is 100% of purchase including TT&L.
Used boats and watercraft: maximum loan amount is 100% of NADA Retail including options.

APR* Term Loan Amount Payment Example Per
$1,000 Borrowed
As low as 5.64% 60 months $7,500 and under $19.17 per month
As low as 5.89% 72 months $7,501 – $15,000 $16.53 per month
As low as 6.14% 120 months $15,001 – $25,000 $11.18 per month
As low as 6.39% 132 months** $25,001 – $35,000 $10.58 per month
As low as 6.64% 144 months*** $35,001 and greater $10.10 per month

*APR = Annual Percentage Rate. Loans subject to credit approval. Individual rates may differ depending on borrower creditworthiness and underwriting factors. Rates reflect discount of 50 basis points for purchase of Guaranteed Auto Protection (GAP), and selection of payment protection. Purchase of GAP not required. Loan programs, rates, terms, and conditions are subject to change at any time.
**Up to 144 months extended term
** Up to 156 Months extended term


Guaranteed Asset Protection (GAP)

Stay covered even if your current insurance does not pay for your entire loss in the case of an accident or theft. First Service’s Guaranteed Asset Protection (GAP) will pay off the rest of your loan if the cash value of your vehicle is less than your remaining balance, so you don’t get stuck paying the difference.


Products and services offered by Third Parties/Affiliates: Any financial, investment, warranty, credit insurance or other products/services which are provided by any third party or affiliate are not products of the Credit Union. If the purchase of the same is facilitated by or through the Credit Union financing; such is merely a convenience to the borrower(s) and in no way creates any contractual or other relationship between the borrower(s) and the Credit Union with regard to any such products. Any rights, obligations or claims with any regard to such products shall be solely and exclusively between the party providing such products as may be set forth in any applicable contracts, agreements or otherwise, and the Credit Union shall have no obligations, responsibilities, duties, or liabilities whatsoever regarding same.