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Boat Loan

Whether you're looking to buy a new or used boat, flexible rates and terms are available:

New Boat Loans feature:

  • Repayment terms up to 240 months
  • 90% financing is available
  • Up to 60 month term, minimum loan is $5,000
  • For 61 to 72 month term, minimum loan $10,000
  • For 73 to 84 month term, minimum loan $20,000
  • For 85 to 96 month term, minimum loan $30,000
  • For 97 to 144 month term, minimum loan $35,000
  • For 145 to 180 month term, minimum loan $40,000 (a)
  • For 181 to 240 month term, minimum loan $50,000 (a)
  • To qualify as new, vessel must be current model year or 1 prior model year, untitled/undocumented.
  • Inflatable boats and personal watercraft (i.e., jetskis, skidoos) are not eligible to be financed as a boat loan.
  • TFCU does not finance new boats purchased from dealers located outside of the 50 United States.
  • TFCU does not finance boats purchased at auction.

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(a) To be eligible for financing for 145 up to 240 months, the following requirements must be met:

  • The vessel must be equipped with sleeping, cooking, and bathroom facilities.
  • A first ship's preferred mortgage must be recorded with the Coast Guard.
  • The vessel must meet the requirements for a home mortgage interest deduction by qualifying as a "second home" in accordance with the Internal Revenue Code.

Used Boat Loans feature:

  • Repayment terms up to 240 months
  • 90% financing is available
  • Up to 60 month term, minimum loan is $5,000
  • For 61 to 72 month term, minimum loan $10,000
  • For 73 to 84 month term, minimum loan $20,000
  • For 85 to 96 month term, minimum loan $30,000
  • For 97 to 144 month term, minimum loan $35,000
  • For 145 to 180 month term, minimum loan $40,000 (a)
  • For 181 to 240 month term, minimum loan $50,000 (a)
  • To qualify as new, vessel must be current model year or 1 prior model year, untitled/undocumented.
  • Inflatable boats and personal watercraft (i.e., jetskis, skidoos) are not eligible to be financed as a boat loan.
  • TFCU does not finance used boats purchased from dealers located outside of the 50 United States.
  • TFCU does not finance boats purchased at auction.

Apply! (Fixed Rate) > Apply! (Var Rate) >

(a) To be eligible for financing for 145 up to 240 months, the following requirements must be met:

  • The vessel must be equipped with sleeping, cooking, and bathroom facilities.
  • A first ship's preferred mortgage must be recorded with the Coast Guard.
  • The vessel must meet the requirements for a home mortgage interest deduction by qualifying as a "second home" in accordance with the Internal Revenue Code.

New and Used Boat Refinances

  • Must have at least 24 months remaining on the loan being refinanced
  • Cannot exceed existing term of loan being refinanced
  • New and Used boat rates apply, depending on review of title and original purchase agreement/loan agreement
  • To qualify as a new Boat refinance, the vessel must have been purchased as new, and the refinence must be completed within 12 months of the original purchase date.
  • Not eligible for sale or promotional rates
  • Inflatable boats and personal watercraft (i.e., jetskis, skidoos) are not eligible to be refinanced as a boat loan.

For more information, visit any of our conveniently located branches, or call (631) 698-7000, extension 6790.

All rates and terms are subject to change without notice.

Featured Rates

New Boat LoansAPR*
up to 60 months4.24%
61-72 months4.24%
73-84 months4.79%
85-96 months5.75%
97-144 months5.75%
See All Boats

*APR = Annual Percentage Rate. All rates are subject to change without notice.
90% Financing
61-72 Mo. Minimum Loan $10,000
73-84 Mo. Minimum Loan $20,000
85-96 Mo. Minimum Loan $30,000
97-144 Mo. Minimum Loan $35,000

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