Routing # 321076470

Boat Loans

Get out on the water

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

Competitive rates

With low, fixed payments

Flexible terms

Up to 180 months

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

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 01/01/2024

TermMinimum AmountAPR Range1
17962up to 60 months$5,0007.95% to 19.45%01/01/2024$5,000New Boat7.9519.457.9560 months: $20.32 per month per $1000 borrowed at 7.95% APR; 72 months: $17.64 per month per $1000 borrowed at 8.10% APR; 84 months: $15.69 per month per $1000 borrowed at 8.10% APR; 120 months: $12.50 per month per $1000 borrowed at 8.60% APR;180 months: $10.15per month per 1000 borrowed at 8.95% APR
1821061 to 72 months$15,0008.10% to 19.10%08/12/2023$15,000New Boat8.1019.101807.15
1823073 to 84 months $25,0008.10% to 19.10%08/12/2023$25,000New Boat8.1019.101807.15
1823985 to 120 months$25,0008.60% to 19.10%08/12/2023$25,000New Boat8.6019.101807.75
18267121 to 180 months$50,0008.95% to 18.95%08/12/2023$50,000New Boat8.9518.951808.25

Used Boat Rates

Rates Effective 01/01/2024

TermMinimum AmountAPR Range1
18189up to 60 months$5,0008.45% to 19.45%8.4501/01/202419.45
1821961 to 72 months$15,0008.60% to 19.10%8.6007/12/202219.10
1823673 to 84 months $25,0008.60% to 19.10%8.6014/03/202319.10
1824485 to 120 months$25,0009.10% to 19.10%8.6507/12/202218.65
18273121 to 180 months$50,0009.45% to 18.95%9.0004/08/202318.50

Frequently Asked Questions

  • You can choose to apply online, or with a Patelco team member at a branch or online through our Patelco Virtual Branch. The application takes minutes to complete.
    After you apply, a team member will review your application and reach out within 2 – 3 business days with an update.

    The process is simple:

    1. Submit an application online or with a team member
    2. We’ll review your application
    3. Send any documents requested by your loan funder
    4. Once approved, you’ll receive a convenience check made payable to the seller of the boat you want to purchase
    5. Provide the check to the seller and drive off as the proud new owner!

    Aside from any dealership promotions offered, you may be eligible for additional rate reductions after closing with LevelUp, just for making on-time payments on your loan. Speak to one of our team members to see what’s available.

    Yes. We recommend getting pre-approved in advance, so once you find the type of boat you want, it will be easy to purchase straight from the dealership.
    It’s good to have a price range in mind, along with your down payment amount so we can determine what you qualify for and how much you’ll need to borrow. Once approved, we will issue you a convenience check which you can use to purchase directly from a dealer.

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.

1 APR (Annual Percentage Rate). Boat loans as low as 7.95% APR effective 01/01/2024. 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 19.45% 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: $20.32 per month per $1000 borrowed at 7.95% APR; 72 months: $17.64 per month per $1000 borrowed at 8.10% APR; 84 months: $15.69 per month per $1000 borrowed at 8.10% APR; 120 months: $12.50 per month per $1000 borrowed at 8.60% APR;180 months: $10.15per month per 1000 borrowed at 8.95% 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.


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