We're Here to Help (315) 735-8571

Boat Loans

Boat Financing Option

Let's Get Out on the Water

Whether you’re ready for a fishing boat, tracker boat, sport boat, speed boat, ranger boat, canoe, kayak, luxury pontoon, or any other kind of boat, getting financing is your first stop. 

Young adults on a lake in runabout motorboat purchased with a First Source boat loan


Boat Financing

When buyers consider financing a boat purchase, their biggest questions are in the details: What are boat financing rates? How do I get pre-approved? Can I get a loan with zero down? How easy is it to apply for—and get approved for—a boat loan? And typically how long is a boat loan? Many of the answers depend on your individual circumstances, finances, savings, income, and other factors. We’ll cover them quickly and simply when we meet with you, explain how financing a boat works, see if you qualify to be pre-approved, and give you options to fit your budget and lifestyle. You can start with an idea of your payments using our Boat Loan Calculator, below.


Boat Interest Rates

Most loan rates vary with your personal financial standing, including income, savings, and credit. The range of our current rates is available below, where we show the lowest possible rate. The rate you pay will vary, depending on the details of your application, including credit history. Considering a jet ski? Check out our Recreational Loan rates.


Live Smarter 

When you meet with one of our representatives, we’ll help you find a solution for your needs. Summer is calling, so get started today by making an appointment or calling 315-735-8571 today.

Make an Appointment

Let's get started.

Make an appointment to talk about your boat loan options and see how you qualify.

Make an Appointment

Not sure which term is right for you?

Check out our helpful loan comparison calculator.


Boat Loan Comparison Calculator

2015 & Older

Term APR
12 Month as low as 4.20%
24 Month as low as 4.20%
36 Month as low as 4.30%
48 Month as low as 4.40%
60 Month as low as 4.50%
72 Month as low as 4.75%
84 Month as low as 5.00%
120 Month as low as 6.00%

2016-2018

Term APR
12 Month as low as 3.70%
24 Month as low as 3.70%
36 Month as low as 3.80%
48 Month as low as 3.90%
60 Month as low as 4.00%
72 Month as low as 4.25%
84 Month as low as 4.50%
96 Month as low as 4.75%
108 Month as low as 5.00%
120 Month as low as 5.50%
180 Month as low as 6.50%

Loan rates and terms are determined by overall credit history and are subject to change without notice. Applications are subject to credit approval. Loan to value is determined by credit score.

Monthly payments for a 5 year new boat or motor home loan would be $18.42 per $1,000 borrowed.
Monthly payments for a 5 year used boat or motor home loan would be $18.65 per $1,000 borrowed.

*Federally insured by NCUA. Membership and credit requirements apply. Rates and terms determined by overall credit history and subject to change. Supporting dreamers everywhere. By submitting your email, you give First Source permission to send you informative and promotional emails, including information on upcoming events, products, and services. You may change your designation at any time in the future. Thank you for letting us help you Live Smarter.