BOAT & WATERCRAFT LOANS
Make waves with a Boat & Watercraft Loan that helps you spend more time on the water and less time worrying about financing.
Whether you’re upgrading your current vessel or purchasing your first, we offer competitive rates and flexible options tailored to your lifestyle.
From sunny day cruises to weekend getaways, we’re here to help you navigate the financing process with ease.
Explore our rates and take the first step toward your next adventure on the water.
| Term | Relationship Premium Annual Percentage Rates As Low As* | Monthly Payment per $1,000 Borrowed | Min. Loan Amount |
|---|---|---|---|
| 48 Months | 10.69% | $25.70 | $3,000 |
| 60 Months | 11.19% | $21.84 | $10,000 |
| 72 Months | 11.44% | $19.26 | $10,000 |
| 84 Months | 12.19% | $17.75 | $20,000 |
| 120 Months | 12.44% | $14.60 | $25,000 |
| 180 Months | 12.69% | $12.45 | $50,000 |
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*APR = Annual Percentage Rate. The Annual Percentage Rate (APR) quoted is the lowest available rate based on individual credit circumstances for each qualified applicant and includes a .30% reduction in rate based on your account services with the credit union. Not all will qualify for the lowest rate. Discounted rate example includes a discount of .10% for an active checking account (active checking account requires either (A) existing checking acct with minimum monthly Direct Deposit of $500.00, (B) FRFCU cash card with minimum 5 transactions in previous month, (C) Active Bill Pay Account); 0.10% for an existing consumer loan (excludes Credit Builder and Personal Lines of Credit); 0.10% for a FRFCU Mortgage or Investment Account. If no qualifying relationship add .30% to the stated rate. The rate will never be higher than the maximum allowed by the Federal Credit Union Act, which is currently 18%. Certain restrictions and minimum loan amounts may apply. Loans are subject to credit approval. Rates are subject to change without notice.
New Boats & Personal Watercraft: Up to 100% financing is available for any personal watercraft or for any new vessel that is titled with their state division of motor vehicles. Value is based on MSRP for new vessels or NADA Average Retail Value for used. Financing may include trailer. Must be less than 15-years old. Max Boat Length is 26 ft.
Used Boats & Personal Watercraft: Up to 100% financing is available for any personal watercraft or for any new vessel that is titled with their state division of motor vehicles. Value is based on MSRP for new vessels or NADA Average Retail Value for used. Financing may include trailer. Must be less than 15-years old. Max Boat Length is 26 ft.
Financing is offered exclusively for titled vehicles purchased through licensed dealerships, including automobiles, motorcycles, ATVs and UTVs, recreational vehicles (RVs), boats, personal watercraft, and other licensed or titled vehicles. Private party purchases are not eligible for financing.
Annual Percentage Rate (APR) remains fixed for the term of the loan.
Loans and Lines are not available in Puerto Rico.