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Boat Loans
Good Times. Tan Lines.
So you can shop with confidence, knowing you’re getting the best deal!
Have you ever dreamed of owning a boat but weren’t sure how to make it happen? We make it simple and affordable with our flexible boat loans. These loans work if you’re looking to buy a motorboat, sailboat, or another recreational watercraft; We provide up to 100% financing with terms of up to 60 months, making it easier than ever to turn your dream into reality.
A boat loan at UCCU allows you to spread out the cost of your purchase over time, keeping your budget manageable while maintaining your financial goals. Similar to other secured loans, the boat serves as collateral, enabling us to offer lower interest rates. What sets us apart are our low rates, which are guaranteed. Before you even start shopping for your boat, one of our Boat Loan Experts will get you pre-approved for a competitive rate, giving you the confidence of knowing you’re getting the best deal possible.
Calculate Your Rate
Start using our boat loan calculator to estimate your payments and explore our competitive terms. At UCCU, we’re committed to helping you get the best deal so you can focus on creating memories on the water. Take the first step today and let us help you turn your dream of boat ownership into a reality with the confidence and peace of mind from working with a trusted local credit union.
The Water is Calling
Enjoy full financing with flexible terms when finding the best loan for your needs.
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Quick and Easy Process
UCCU streamlines the loan process and offers exceptional service every step of the way. Whether you’re purchasing a sleek motorboat for weekend adventures or a dependable fishing boat for quiet mornings on the water, we aim to make boat ownership accessible and stress-free. In addition to offering competitive rates, we ensure you have personalized support to help you navigate the loan process.
(801) 223-8188 | Branch Locations
Available M–F 8am–6pm, and Sat. 9am–2pm*.
*Saturday hours vary per Branch Location
Get Pre-Approved
Pre-approval at UCCU offers significant advantages. By understanding your budget in advance, you can shop for a boat with peace of mind, knowing what you can afford. Additionally, our boat loan calculator makes estimating your expected monthly payments easier based on the loan amount, interest rate, and term length. This tool helps you plan effectively, ensuring your purchase aligns with your financial situation.
When you apply for a UCCU boat loan, our team considers factors like your credit score, debt-to-income ratio, and the value of the boat you’re purchasing. These factors help determine the loan amount and interest rate for which you qualify. UCCU’s competitive boat financing rates are designed to keep your payments affordable, whether you’re buying a new or used boat.
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Purchasing a boat involves more than just the initial price. Related costs, such as maintenance, insurance, storage, and fuel, must be considered. Financing your boat through UCCU lets you spread these expenses over time, preserving your savings for other priorities like investments or emergencies. Our flexible terms, including financing up to 100% of the purchase price, mean you can focus on enjoying your new boat without worrying about upfront costs.
Meet Your Boat Loan Expert
Let a seasoned loan professional guide you through every step of the boat loan process, from start to finish. Our Boat Loan Experts bring years of experience and are committed to providing personalized support. Whether you’re navigating your first loan or looking for the best financing option, we’re here to ensure a smooth, stress-free experience and help you get on the water faster. It’s what we do!
Low Rates. Guaranteed.
In addition to offering up to 100% financing and terms up to 60 months on new or used boat loans, we provide low, guaranteed rates that help keep your monthly payments affordable. Our competitive rates ensure that you get the best deal possible, allowing you to confidently finance your boat while saving money over the life of your loan.
Pre Approval for Confidence
Your UCCU Vehicle Loan Expert will get you pre-approved for a low rate before you start shopping. This pre-approval process gives you the confidence to shop knowing exactly what you can afford and ensures you get the best deal. With a guaranteed low rate, you can focus on finding the perfect boat without any worries.
Imagine spending sunny afternoons cruising with friends, fishing in your favorite spots, or exploring new lakes and waterways. With UCCU’s boat financing, these moments are within reach. By getting pre-approved for a loan, you can shop confidently, knowing low rates and expert support back you.
Boat Loan Frequently Asked Questions
What are the interest rates and terms available for boat loans?
We offer competitive boat loan rates to help you afford your dream boat. The rates vary based on your credit score, the boat’s value, and the loan term. Flexible terms are available, with repayment periods extending up to 60 months (five years), allowing you to choose a plan that fits your budget. With boat financing rates that are some of the best in the industry, we’re committed to offering low, guaranteed rates to ensure you get the most out of your loan.
What are the eligibility requirements for obtaining a boat loan?
To qualify for a boat loan, we typically consider factors like your credit score, income, and debt-to-income ratio. While each loan application is unique, having a stable income and a good credit score generally helps streamline the process. The value of the boat you plan to purchase is also considered. Flexible loan options are available, making qualifying easier for many borrowers.
How much can I borrow for a boat loan?
The amount you can borrow for a boat loan depends on factors like your credit score, income, and the price of the boat you want to purchase. You could be eligible for 100% financing on new and used boats, meaning you could borrow the entire purchase price. The goal is to help you secure the funding you need, whether you’re looking to buy a small boat or a larger motorboat.
What documentation is required to apply for a boat loan?
When applying for a boat loan, you’ll need to provide a few key documents, including:
- Proof of income (such as pay stubs or tax returns)
- Personal identification (e.g., driver’s license or passport)
- Credit history (this will be pulled during the application process)
Details of the boat you’re purchasing (make, model, year, and price)
These documents help determine your loan eligibility and the best financing options.
Are there any additional fees or charges associated with the boat loan?
There are no hidden fees when applying for a boat loan. However, as with any loan, you should know of potential costs such as interest and applicable late payment fees. Fees are transparent, and loan experts will clearly explain expenses upfront. With flexible terms and no surprise fees, you can feel confident in your decision to finance your boat.