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First Tech Routing #321180379

Boat Loans

Are you ready to make some waves? First Tech’s fast and easy boat loans will get you on the water sooner.

As low as 7.49% Annual Percentage Rate (APR)7.49% Boat Loan example: $45,919 borrowed at 11.54% Annual Percentage Rate (APR) for 72 months = $19.31 per month per $1,000 borrowed. Actual rate will be determined based on the applicant’s credit history, and final loan terms. All loans are subject to credit approval. Credit Union membership is required and subject to approval.

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Father and son enjoying their time on a boat.
Boat Loans Apply Now

Why get a boat loan from First Tech?

man and child riding in a boat
  • Borrow from $1,500 up to $500,000
  • New, used, refinance, up to 10 model years old
  • Fast online loan application
  • No payment for up to 90 daysDeferring your first payment (up to 90 days from the funding date of your loan) is optional and is not a condition of your loan. Deferring your loan payment may affect your APR and the total interest you pay. All other loan terms and provisions will remain the same.
  • Flexible terms up to 180 monthsBoat Loan example: $45,919 borrowed at 11.54% Annual Percentage Rate (APR) for 72 months = $19.31 per month per $1,000 borrowed. Actual rate will be determined based on the applicant’s credit history, and final loan terms. All loans are subject to credit approval. Credit Union membership is required and subject to approval.
  • Many ways to join First Tech
  • DebtSafe® Optional payment protection

What kind of boat can I get?

We finance many kinds of freshwater and saltwater boats, sailboats, and inboard and outboard motorboats. We can also finance your trailer!


Image showing types of boats

The closing costs vary according to value added services provided. Minimum charges start at around $200 and increase subject to services provided. Vessels requiring US Coast Guard Documentation generally incur charges of about $800.

Yes, First Tech consider sales tax in the total price of the vessel.

Securing a boat loan with bad credit is still possible. We have a full range of products to offer to all credit types. We will work with you to understand your unique situation.

We recommend you access the NADA Guides Boat Value Online Tool, powered by J.D. Power.

You can apply for a loan online in just minutes, or by phone at 855.855.8805. First, check your credit. If everything is in order, including your debt-to-income ratio, determine how much you need to borrow and locate a loan that fits your needs.

The buyer and seller do not need to visit a First Tech branch or be in the same place to close the loan. Once we receive the paperwork back from both parties, we will disburse funds in 1-2 business days. If the boat is currently financed, we will direct funds to the lienholder to pay off the loan. Otherwise, the funds will be paid to the seller by check.

Approval and rate commitments are valid for 30 days.

Most loans are approved right away or within a business day, depending on the amount being financed and your overall credit and situation.

Boat insurance typically includes Liability, Uninsured Boater, Medical Payment, Comprehensive and Collision coverages. There are also additional coverages available that can be equally as important, but that you may not have thought about, such as personal effects, special equipment, wreckage removal, and on-water towing. For more information, and to get a no-obligation quote, check out First Tech Insurance Services.

You will need to provide basic demographic and employment information. We’ll also ask for information about the boat you are interested in buying or refinancing. As part of the underwriting process, our lender may ask for proof of income, a copy of the sales contract or a marine survey report.

The maximum term we offer is 15 years or 180 months.

We can finance boats up to 10 model years old. PLEASE NOTE: For Used Boat Loan (2-5 model years) add 0.50% to the advertised New Boat Loan rate. For Older Used Boat Loan (6-10 model years) add 1.00% to the advertised New Boat Loan rate.

Quick and easy loan approval

  • Online loan application
  • Digital document delivery
  • Fast loan decision

Secure, anytime, anywhere account access

  • Free mobile app
  • Free online banking

More money in your pocket

  • No pre-payment penalty
  • No application or origination fee
  • No annual feeBoat Loan example: $45,919 borrowed at 11.54% Annual Percentage Rate (APR) for 72 months = $19.31 per month per $1,000 borrowed. Actual rate will be determined based on the applicant’s credit history, and final loan terms. All loans are subject to credit approval. Credit Union membership is required and subject to approval.

Boat loan calculators.

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Offering more than just a boat loan.

Insured Icon Boat Insurance Money Movement Icon GAP PLUS Start Up Savings Icon Debt Safe

Vehicle loans.

Boat Loans

As low as 7.49% Annual Percentage Rate (APR)7.49% Boat Loan example: $45,919 borrowed at 11.54% Annual Percentage Rate (APR) for 72 months = $19.31 per month per $1,000 borrowed. Actual rate will be determined based on the applicant’s credit history, and final loan terms. All loans are subject to credit approval. Credit Union membership is required and subject to approval.

For new or used boats up to 10 model years old with financing up to 180 months.
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Boat Loans are not available in Puerto Rico.
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