Boat Loans

Calm waters await
It’s your Advantage

Ready to Make Waves This Summer?

With fast and easy financing, low monthly payments, and minimal fees, we help you get out on the water for your next vacation or grand adventure.

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Apply Online

Complete our online application on desktop or your mobile device in less than 20 minutes.

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Get Approval Fast

Our team will work with you to determine a loan amount, rate, and term, then you’ll sign all the important loan documents.

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We’ll Do The Rest

You’ll get a check to purchase your brand new or used boat.

Get today’s best rate.

Get pre-approved for a competitive rate today with no application fees or prepayment penalties.

Boat Loans (New and Used)



*APR = Annual Percentage Rate. Current APR as of 7/1/2024. Other terms available. Minimum financed amount required. Minimum monthly payment required. Rate based on creditworthiness and term of loan. Rates are subject to change at any time and are not guaranteed. Listed Auto Loan rates include .25% discount with autopay set up & .25% discount on B+ and higher credit scores with 80% LTV. Regardless of available discounts, 7.99% is the minimum APR offered. Mileage and the condition of the collateral will be considered. Certain restrictions apply.


Up to 48 months




Up to 60 months




Up to 66 months




Up to 75 months




Up to 84 months




Up to 96 months



Ready to Crunch The Numbers?

Enter the amount you wish to borrow and preferred loan term to determine your estimated monthly payment and interest rate.

Calculated payments shown are for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ slightly.

Get Your Questions Answered

You must be at least 18 years old to qualify for a boat loan.

There are many variables that affect the term and rate of your loan such as credit history, income, etc.

Most people opt for the full 75 months when paying off their loan.

The amount that you can borrow depends on your credit score and debt to income ration. The minimum boat loan is $5,000. However, if you need to borrow less, we have other products available that may assist you with your purchase.

Yes! Our Skip A Payment* program makes it easy to find extra cash  for whatever you choose! With our convenient online form, you can request to defer one of your monthly loan payments when you need to, from wherever you are.


  • You must have made 11 consecutive months worth of payments on the loan for program eligibility.
  •  All credit union accounts must be in good standing.
  • A $30 fee will be deducted from your savings or checking account per loan, per occurrence. If the funds are unavailable, the request will be unable to process.

Click here for the Skip A Payment Application.

Click here for the Skip A Payment with Co-Borrower Application.

*Fixed term Signature, Secured, and Vehicle loans qualify for Skip A Payment program. Credit Card, Signature Lines of Credit, Mortgage, Business, Payday, and Freedom Loans are not eligible for program. Charges and other restrictions may apply. Loan must be open for at least 11 months and member must be current on loan and all credit union accounts to qualify. If you have skipped a payment on a loan in the last 9 months, that loan does not qualify for this promotion. There is a $30 application fee per loan, per occurrence. All requests to defer a payment must be approved. Interest will continue to accrue during the deferral period. This will extend the original term and increase the amount of finance charges. If there is a Co-Borrower/Guarantor on the loan, all parties must sign to be eligible for this program.

Request More Information – Boat Loans

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Helpful Resources for Smooth Sailing

At 1st Advantage, we are here to help make the loan process as simple as possible. Check out these additional resources about applying for a boat loan.

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