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Boat Loan

Because it’s fun to make a splash.

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Boat Loan Interest Rate  APR  Monthly Payment Loan Term (Months)
New & Used 2014+ 5.24% 5.35% $341.29 120

Rates effective as of September 25, 2019, and subject to change without notice. Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for the displayed lowest rates. A $140 processing fee applies to all Boat Loan applications. Boats 2014 or newer — APR calculation and example monthly payments based on loan amount of $30,000, FICO® score of 730 or greater, and term of 120 months. Rate includes 0.25% deduction for automated payments from an Elements checking account. Additional conditions may apply. Subject to credit approval. Payments shown do not include taxes and insurance premiums.

Boat Loan


  • A minimum of 10% cash down may be required
  • Multiple terms available, up to 180 months
  • Finance up to 90% of your boat’s value, including tax and license
  • Apply in just minutes
  • For all types of new and used sailboats, motorboats, and yachts


  • Rates as low as APR for 120 months
  • Flexible financing


Our experienced, helpful member service team is ready to support you!


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Boat Loan


Whether you're interested in purchasing a boat or other recreational water vehicle or would like to change your lifestyle, Elements can help you start your adventure.

Loan & Asset Protection


As your financial wellness providers, we want to make sure that you’re covered, no matter what may happen. That’s why we provide loan and asset protection programs. It’s just one more way that we look out for your best interests.

To protect your purchase, the following programs are available and can be wrapped into your monthly payments:


Guaranteed Auto Protection (GAP) is Loan/Lease Deficiency protection designed to eliminate your unpaid net loan/lease balance in the event your vehicle is stolen or damaged beyond repair.


Debt Protection protects your credit rating during uncertain and stressful times. Your loan payment will be cancelled or suspended for a period of time without penalty, added interest, or being reported as delinquent to the credit bureau when a covered event occurs. Covered events include death, disability, involuntary unemployment, family leave and hospitalization.


How to Get Started


Ready to hit the water? You can apply online in as little as 15 minutes! Or call 1-800-621-2105 to get started.

What you’ll need to apply:

  • Your government-issued ID (driver’s license, state ID or passport)
  • Proof of residence

What to expect during the application process:

  1. We’ll contact you no later than 1 business day after you submit your application to review documentation that we’ll need from you and answer questions you may have.
  2. We’ll follow up for the boat's value, make, model, year, mileage and VIN if not provided on the application.
  3. We’ll contact you to sign documents if your application is approved.
  4. That’s it – your loan is complete!

What Will My Boat Payments Be?

Boat Loan Calculator


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