Make a splash and save with low-rate boat loan

Whether you're heading out for a day on the lake, fishing with friends, or simply soaking up some sunshine, we make it easy for you with flexible options and low rates on new or used boats. Purchase from a dealer or private party, or refinance and save. We offer financing for various models and types of boats, including saltwater, fishing boats, sailboats, yachts and more.

With low rates, simple terms and affordable payment options, you’ll be on your way and ready to set sail to the open sea in no time.

Key Features

A coin being deposited into a piggybank.

Competitive rates

With low, fixed payments

Flexible terms

Up to 180 months

A hand collecting money.

No pre-payment penalties

Pay off your loan early if you need to

Purchase or refinance options

Buy from a licensed dealer, private party, or save on an existing loan

Budget-friendly payments

Fast and easy payment methods, plus rewards for on-time payments2

A shield of protection.

Insurance and payment protection

Cover your boat in the event of mechanical breakdowns, financial loss and more — get your quote today

New Boat Rates

Rates Effective 3/14/2023
Term Minimum Amount APR Range1
up to 60 months $5,000 6.25% to 17.25%
61 to 72 months $15,000 6.75% to 17.25%
73 to 84 months $25,000 6.75% to 17.25%
85 to 120 months $25,000 7.25% to 17.25%
121 to 180 months $50,000 7.75% to 17.25%

Used Boat Rates

Rates Effective 3/14/2023
Term Minimum Amount APR Range1
up to 60 months $5,000 6.75% to 18.25%
61 to 72 months $15,000 7.25% to 18.25%
73 to 84 months $25,000 7.25% to 18.25%
85 to 120 months $25,000 7.75% to 18.25%
121 to 180 months $50,000 8.25% to 18.25%

Frequently Asked Questions

Get rewarded for on-time payments
If you don’t qualify for our best rates upfront, with LevelUp2 you can still save on your loan over time. Make 12 consecutive, on-time monthly payments on your loan and we’ll automatically reduce your rate, up to 0.50% APR per year with a maximum of 1.50% APR.
A couple lounges on the deck of their sailboat, financed by Patelco.
Say hello to the open sea
Set sail soon and take advantage of our low-rate financing options. It’s easy to get started and takes minutes to complete.

1 APR (Annual Percentage Rate). Boat loans as low as 6.25% APR effective 3/14/2023. Loan rates are subject to change without notice and subject to credit approval. Patelco offers a range of rates that depend on factors such as credit history, loan term, mileage, Patelco account and loan balances. Additional .50% added to rate for mileage over 100k (with a maximum mileage at 125k). Maximum of 20 years combined based on vehicle model year + loan term. Actual rates are disclosed to approved applicants in writing prior to loan consummation and may be as high as 18.25% APR. To learn more about rates, terms and available discounts, call 800.358.8228, visit or visit any Patelco branch. Loan payment example:60 months: $19.51 per month per $1000 borrowed at 6.25% APR; 72 months: $16.98 per month per $1000 borrowed at 6.75% APR; 84 months: $15.02 per month per $1000 borrowed at 6.75% APR; 120 months: $11.78 per month per $1000 borrowed at 7.25% APR;180 months: $9.45 per month per 1000 borrowed at 7.75% APR.

2 LevelUp is offered to members who are approved for the following loans at Patelco's credit tier 2 or higher: auto, motorcycle, RV, boat, and personal loans, excluding all lines of credit. Total discount of up to 1.50% APR (Annual Percentage Rate) applied in 0.50% APR increments for every 12 consecutive on-time monthly payments. Maximum discount will never cause the final APR to be lower than the LevelUp floor rate for the specific loan and term at time of funding. Monthly payment amount remains constant, with additional money going toward principal, which shortens the term of the loan and the total amount paid over the life of the loan.