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Boat Loans

The water, the waves, the wind and you.

Catch the wind in your sails. Catch a fish on your line. Or catch some rays on a sunny afternoon. There are many reasons why your family might like to get out on the water.

At Power Financial Credit Union, whether you are buying a new boat, a used boat or refinancing an existing boat loan, we offer affordable loans with friendly repayment terms that can be used to float anyone's boat.

Boat Loan Features & Benefits

  • Financing for new and used boats, sailboats and other vessels
  • Refinance your existing boat loan
  • Low fixed-rate and variable-rate loans
  • Flexible repayment plans
  • Discounts for previous borrowers

Not Sure How to Buy or Refinance a Boat?

We can help you navigate unfamiliar waters and figure out what the best financing option is for you. Our Boat Loan Experts have helped countless members make their dream of boat ownership a reality. They are ready to do the same for you.

If you are looking to purchase a new boat, a used boat or want to refinance an existing non-PFCU boat loan, we are here to make the process as simple and fast as possible. For any questions regarding boat loans or refinancing, please contact us at 800-548-5465.

Protect your Investment

A boat is a big investment. Make sure you give it the protection it deserves. As a Power Financial Credit Union member you qualify for member-only insurance discounts.

Calculate Your Payment

Use our Auto Loan Calculator to find out your monthly boat loan payment.

Learn More

Download our free Boat Buying Guide

Dreamed of cruising the open water or fishing for hours? The idea can be really exciting, but where to start?

Although buying a boat can be complex, with a little research, you can prepare yourself for smooth sailing during the purchase process. This comprehensive guide will provide the key details you need to know before moving forward with buying a boat.

Topics covered include:
  • What’s a good down payment amount?
  • How do I go about insurance?
  • Do I need to verify my income?
  • How can I choose a boat?
  • What is a boat survey?
  • Should I get pre-approved?
  • Do I have to register a boat?
  • Do I need to document my boat?
Get your FREE copy today!

Please fill out the form to download Boat buying guide


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Page Disclaimers

*APR = Annual Percentage Rate. Eligibility for the lowest rate on boat loans is based on credit worthiness, ability to repay, credit score, down payment and term of loan. Up to 15 years on fixed rate loans. Terms vary depending on loan amount. Minimum loan amount for fixed rate is $7,501 to qualify for the lowest advertised rate of 4.24% APR. Example: With a 66-month, $20,000 boat loan at 5.99% APR, you would make 66 monthly payments of $328.63. Members with existing Power Financial Credit Union boat loans will pay $350 when rate is being lowered. Interest rates include a .25% discount for automatic payment from your Power Financial Credit Union account and a .25% discount for previous PFCU borrowers. Other conditions may apply. Rates are subject to change at any time.

Power Financial Credit Union serves members across South Florida with 8 full-service branches and offers convenient account access from anywhere using its secure Online Banking and highly-rated Mobile App.