Are there application fees and closing costs for loans?

Yes, closing costs may apply depending on the type of loan and the services involved. At First Tech, we’re committed to transparency and helping you understand what to expect—so you can plan with confidence. Here’s a general breakdown for Boat Loans: Standard closing costs typically start around $200 , depending on the loan type and any value-added services (e.g., title searches, appraisals, or lien filings). Specialty loans , such as those for vessels requiring U.S. Coast Guard documentation may incur higher fees—often around $800 . Tip: Our loan specialists can walk you through the costs specific to your situation and help you explore options that fit your budget. Flexible terms and competitive rates are available across our loan products—including personal, auto, and student loans—to help you reach your financial goals with minimal friction. Helpful Resources Explore Boat Loan Options Loan Rates

Can I get a boat loan with bad credit?

First Tech offers boat loans for a wide range of credit profiles , including those with less-than-perfect credit. We understand that every financial journey is unique, and we’re here to help you move forward. Here’s how we support you: Flexible loan options tailored to your situation Competitive rates based on your credit and financial history Personalized guidance from our loan specialists to help you find the best fit Tip: Applying with a co-borrower or providing a larger down payment may improve your loan terms. Whether you're buying your first boat or upgrading to something new, our goal is to help you reach your dreams—with financing that works for you. Helpful Resources Boat & RV Loan Options Loan Rates

How can I check the value of the boat I'm buying?

Knowing the value of your boat helps you make informed decisions—and we’re here to guide you every step of the way. To estimate your boat’s value, we recommend using the NADA Guides Boat Value Tool , powered by J.D. Power. It’s a trusted resource that provides up-to-date pricing based on: Make and model Year Features and condition Regional market trends Tip: Having a clear idea of your boat’s value can help you negotiate confidently and secure the right financing. First Tech offers flexible boat loan options with competitive rates—designed to help you reach your dreams on the water. Helpful Resources Boat Loan Options Loan Rates

How do I get a boat loan?

Getting a boat loan with First Tech is fast, flexible, and designed to help you reach your dreams on the water. Here’s how to get started: Apply online or by phone Apply in minutes at firsttechfed.com Or call us at 855.855.8805 to speak with a loan specialist Check your credit and finances Review your credit score and debt-to-income ratio Determine how much you want to borrow and what fits your budget Choose your loan terms We offer competitive rates and flexible repayment options Our team will help tailor a loan to match your financial goals Tip: Pre-qualifying can give you a clearer picture of your buying power and help you shop with confidence. Whether you're buying a new boat or refinancing an existing one, First Tech is here to support your journey with personalized service and trusted guidance. Helpful Resources Boat Loan Overview Loan Rates

How does the boat loan closing process work?

Closing your boat loan with First Tech is designed to be simple, secure, and convenient—no branch visit required. Here’s what to expect: Remote closing The buyer and seller don’t need to be in the same location or visit a First Tech branch. All paperwork can be completed electronically. Document review Once we receive signed documents from both parties, we’ll begin processing the loan. Funds disbursement If the boat is currently financed, we’ll send funds directly to the lienholder to pay off the existing loan. If there’s no lien, we’ll issue a check to the seller —typically within 1–2 business days after receiving all required documentation. Tip: To avoid delays, make sure all paperwork is complete and submitted promptly. Our loan specialists are here to help guide you through each step. With flexible terms and competitive rates, First Tech makes it easy to finance your next adventure. Helpful Resources Boat Loan Overview Loan Rates

How long will it take to get a loan decision?

In most cases, you’ll receive a decision immediately or within one business day —depending on the loan amount, your credit profile, and the type of loan you're applying for. We work quickly to review: Your credit history Your debt-to-income ratio The loan amount and purpose Tip: To speed up the process, have your income details, identification, and any supporting documents ready when you apply. Whether you're financing a car, boat, RV, or personal expense, First Tech is here to help you move forward—fast. Helpful Resources Loan Options at First Tech Loan Rates

What does boat insurance cover?

Boat insurance helps protect your investment and gives you peace of mind while you're out on the water. Most policies include: Liability coverage – Protects you if you're responsible for damage or injury Uninsured boater coverage – Covers you if another boater doesn’t have insurance Medical payments – Helps pay for medical expenses after an accident Comprehensive and collision – Covers damage from accidents, theft, fire, or weather You can also add optional coverage for: Personal effects – Items like clothing, electronics, or fishing gear Special equipment – Navigation systems, trailers, or custom accessories Wreckage removal – Cleanup costs if your boat is damaged or sunk On-water towing – Emergency assistance if your boat breaks down Tip: Every boat and boater is different. Our team can help you customize a policy that fits your lifestyle and budget. Get a no-obligation quote through First Tech Insurance Services and explore coverage options that keep you protected. Helpful Resources Boat Insurance Overview

What information do I need to apply for a boat loan?

Applying for a boat loan is simple—and we’re here to help you every step of the way. To get started, you’ll need to provide: Basic Information Your name , address , and contact details Employment and income information Social Security number for credit review Boat Details Make, model, and year of the boat Purchase price or refinance amount Seller or dealer information Supporting Documents (may be requested during underwriting) Proof of income (e.g., pay stubs or tax returns) Sales contract or purchase agreement Marine survey report (for certain vessels or loan amounts) Tip: Having these documents ready can help speed up the approval process and get you on the water faster. First Tech offers competitive rates , flexible terms , and personalized support to help you finance your next adventure with confidence. Helpful Resources Boat Loan Overview Loan Rates

What is the oldest boat First Tech will finance?

We finance boats that are up to 10 model years old . Whether you're purchasing or refinancing, we offer flexible terms and competitive rates to help you get out on the water with confidence. Here’s how rates are typically adjusted based on the boat’s age: Used Boat (2–5 model years old) Add 0.50% to the advertised new boat loan rate Older Used Boat (6–10 model years old) Add 1.00% to the advertised new boat loan rate Tip: If you're considering an older vessel, a marine survey may be required to confirm its condition and value. Our loan specialists can guide you through the process. First Tech offers personalized support and flexible financing options to help you reach your boating goals—no matter the age of your vessel. Helpful Resources Boat Loan Overview Loan Rates

Boat Loans

Q: Can I finance the sales tax on my boat or RV purchase?

Yes— First Tech includes sales tax as part of the total purchase price when financing your boat or RV. That means you can roll the tax into your loan, making it easier to manage upfront costs and get on the road (or water) faster. Tip: Including sales tax in your financing can help preserve your cash flow while still covering all necessary expenses. Flexible terms and competitive rates are available to support your adventure—whether you're buying a new RV for cross-country travel or a boat for weekend getaways. Helpful Resources Boat Loan Options Loan Rates

Q: What is the maximum term available for a boat or RV loan?

At First Tech, we offer loan terms up to 15 years (180 months) for qualified boat and RV purchases. Longer terms can help lower your monthly payments and make financing more manageable—so you can focus on enjoying the journey ahead. Tip: Choosing the right term depends on your budget, the age of the vehicle, and your long-term financial goals. Our loan specialists can help you find the best fit. With competitive rates , flexible terms , and personalized support, First Tech makes it easy to finance your next adventure. Helpful Resources Boat Loan Overview Loan Rates

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 7.29% Annual Percentage Rate (APR)7.29% 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?

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!

Yes, closing costs may apply depending on the type of loan and the services involved. At First Tech, we’re committed to transparency and helping you understand what to expect—so you can plan with confidence.

Here’s a general breakdown for Boat Loans:

Standard closing costs typically start around $200, depending on the loan type and any value-added services (e.g., title searches, appraisals, or lien filings).
Specialty loans, such as those for vessels requiring U.S. Coast Guard documentation may incur higher fees—often around $800.

Tip: Our loan specialists can walk you through the costs specific to your situation and help you explore options that fit your budget.

Flexible terms and competitive rates are available across our loan products—including personal, auto, and student loans—to help you reach your financial goals with minimal friction.

Helpful Resources

Yes—First Tech includes sales tax as part of the total purchase price when financing your boat or RV. That means you can roll the tax into your loan, making it easier to manage upfront costs and get on the road (or water) faster.

Tip: Including sales tax in your financing can help preserve your cash flow while still covering all necessary expenses.

Flexible terms and competitive rates are available to support your adventure—whether you're buying a new RV for cross-country travel or a boat for weekend getaways.

Helpful Resources

First Tech offers boat loans for a wide range of credit profiles, including those with less-than-perfect credit. We understand that every financial journey is unique, and we’re here to help you move forward.

Here’s how we support you:

Flexible loan options tailored to your situation
Competitive rates based on your credit and financial history
Personalized guidance from our loan specialists to help you find the best fit

Tip: Applying with a co-borrower or providing a larger down payment may improve your loan terms.

Whether you're buying your first boat or upgrading to something new, our goal is to help you reach your dreams—with financing that works for you.

Helpful Resources

Knowing the value of your boat helps you make informed decisions—and we’re here to guide you every step of the way.

To estimate your boat’s value, we recommend using the NADA Guides Boat Value Tool, powered by J.D. Power. It’s a trusted resource that provides up-to-date pricing based on:

Make and model
Year
Features and condition
Regional market trends

Tip: Having a clear idea of your boat’s value can help you negotiate confidently and secure the right financing.

First Tech offers flexible boat loan options with competitive rates—designed to help you reach your dreams on the water.

Helpful Resources

Getting a boat loan with First Tech is fast, flexible, and designed to help you reach your dreams on the water.

Here’s how to get started:

Apply online or by phone

Apply in minutes at firsttechfed.com
Or call us at 855.855.8805 to speak with a loan specialist

Check your credit and finances

Review your credit score and debt-to-income ratio
Determine how much you want to borrow and what fits your budget

Choose your loan terms

We offer competitive rates and flexible repayment options
Our team will help tailor a loan to match your financial goals

Tip: Pre-qualifying can give you a clearer picture of your buying power and help you shop with confidence.

Whether you're buying a new boat or refinancing an existing one, First Tech is here to support your journey with personalized service and trusted guidance.

Helpful Resources

Closing your boat loan with First Tech is designed to be simple, secure, and convenient—no branch visit required.

Here’s what to expect:

Remote closing
The buyer and seller don’t need to be in the same location or visit a First Tech branch. All paperwork can be completed electronically.
Document review
Once we receive signed documents from both parties, we’ll begin processing the loan.
Funds disbursement

If the boat is currently financed, we’ll send funds directly to the lienholder to pay off the existing loan.
If there’s no lien, we’ll issue a check to the seller—typically within 1–2 business days after receiving all required documentation.

Tip: To avoid delays, make sure all paperwork is complete and submitted promptly. Our loan specialists are here to help guide you through each step.

With flexible terms and competitive rates, First Tech makes it easy to finance your next adventure.

Helpful Resources

Your loan approval and rate commitment are valid for 30 days from the date of approval.

This gives you time to:

Finalize your purchase
Submit any required documents
Lock in your rate before market conditions change

Tip: If you need more time, reach out to your loan specialist. We may be able to extend your approval or help you reapply with updated terms.

At First Tech, we offer competitive rates and flexible terms to help you move forward with confidence—whether you're financing a car, boat, RV, or personal expense.

Helpful Resources

In most cases, you’ll receive a decision immediately or within one business day—depending on the loan amount, your credit profile, and the type of loan you're applying for.

We work quickly to review:

Your credit history
Your debt-to-income ratio
The loan amount and purpose

Tip: To speed up the process, have your income details, identification, and any supporting documents ready when you apply.

Whether you're financing a car, boat, RV, or personal expense, First Tech is here to help you move forward—fast.

Helpful Resources

Boat insurance helps protect your investment and gives you peace of mind while you're out on the water. Most policies include:

Liability coverage – Protects you if you're responsible for damage or injury
Uninsured boater coverage – Covers you if another boater doesn’t have insurance
Medical payments – Helps pay for medical expenses after an accident
Comprehensive and collision – Covers damage from accidents, theft, fire, or weather

You can also add optional coverage for:

Personal effects – Items like clothing, electronics, or fishing gear
Special equipment – Navigation systems, trailers, or custom accessories
Wreckage removal – Cleanup costs if your boat is damaged or sunk
On-water towing – Emergency assistance if your boat breaks down

Tip: Every boat and boater is different. Our team can help you customize a policy that fits your lifestyle and budget.

Get a no-obligation quote through First Tech Insurance Services and explore coverage options that keep you protected.

Helpful Resources

Boat Insurance Overview

Applying for a boat loan is simple—and we’re here to help you every step of the way.

To get started, you’ll need to provide:

Basic Information

Your name, address, and contact details
Employment and income information
Social Security number for credit review

Boat Details

Make, model, and year of the boat
Purchase price or refinance amount
Seller or dealer information

Supporting Documents (may be requested during underwriting)

Proof of income (e.g., pay stubs or tax returns)
Sales contract or purchase agreement
Marine survey report (for certain vessels or loan amounts)

Tip: Having these documents ready can help speed up the approval process and get you on the water faster.

First Tech offers competitive rates, flexible terms, and personalized support to help you finance your next adventure with confidence.

Helpful Resources

At First Tech, we offer loan terms up to 15 years (180 months) for qualified boat and RV purchases. Longer terms can help lower your monthly payments and make financing more manageable—so you can focus on enjoying the journey ahead.

Tip: Choosing the right term depends on your budget, the age of the vehicle, and your long-term financial goals. Our loan specialists can help you find the best fit.

With competitive rates, flexible terms, and personalized support, First Tech makes it easy to finance your next adventure.

Helpful Resources

We finance boats that are up to 10 model years old. Whether you're purchasing or refinancing, we offer flexible terms and competitive rates to help you get out on the water with confidence.

Here’s how rates are typically adjusted based on the boat’s age:

Used Boat (2–5 model years old)
Add 0.50% to the advertised new boat loan rate
Older Used Boat (6–10 model years old)
Add 1.00% to the advertised new boat loan rate

Tip: If you're considering an older vessel, a marine survey may be required to confirm its condition and value. Our loan specialists can guide you through the process.

First Tech offers personalized support and flexible financing options to help you reach your boating goals—no matter the age of your vessel.

Helpful Resources

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.

Boat Insurance

GAP PLUS

Debt Safe

Vehicle loans.

Boat Loans

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.