Boat Loans

The water, the waves, the wind and you.

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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.

Power Financial Credit Union Boat Loan Features and Benefits

Boat Loan Expertise

Boat loans can be complicated, but we’re the experts. We’ll help you finance your dream even when other lenders can't.

Personalized Solutions

Each boat and borrower is different, so we work to find the perfect solution that will fit your specific needs and budget.

Flexible Terms

Flexible repayment plans from 36 to 180 months give you affordable payments.

Extra Discounts

Discounts for previous borrowers mean you can save even more the second time around.

Boat Loan Rates

Take advantage of competitive boat loan rates with a Power Financial Credit Union boat loan, and make the most of life on the water today!

New/Used Boat Fixed Rate

Term	APR¹ (Rates as low as)
up to 36 months	5.99%
37-60 months	6.24%
61-72 months	6.49%
73-84 months	6.74%
85-96 months	6.99%
97-120 months	7.24%
121-180 months	7.49%
181-240 months	7.49%

New/Used Boat Variable Rate

Term	APR¹ (Rates as low as)
20 year/ 240 Term Amortization	8.25%

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Calculate Your Boat Loan Payment

You can use our Auto Loan Calculator to find out your monthly boat payment.

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"Friendly and courteous staff, the right place to go for all your banking needs and their loan rates are hard to beat."

– Francisco O., Miami, Florida

Applying for a Power Financial Credit Union Boat Loan Is Simple!

Step 1

Apply

You can apply online, in-branch or by speaking with one of our trusted advisors.

Step 2

Get Pre-Approved

We'll review your boat loan application and, if approved, offer you a loan amount and rate for your preferred term.

Step 3

Find Your Boat!

With your boat financing secure, it's time to go shopping – we'll give you the funds once you seal a great deal.

Get Started

FAQs About Boat Loans

If you're not sure how to buy or refinance your 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.

Power Financial Credit Union will offer you a competitive boat loan rate based on your credit score and overall financial situation, including your debt-to-income (DTI) ratio. The better your credit, the lower your rate.

Other factors that affect your boat loan rate include:

The loan term you choose (shorter terms get lower rates)
Whether you want a fixed or variable rate

Getting your boat financing pre-approved puts you in a great position to negotiate a good deal and here's why:

The seller will take you seriously as a buyer.
You won't have to watch out for hidden fees that sometimes get rolled into the sticker price when you get a loan from the dealership.
You can find out exactly what boat loan payment you can afford so you buy a boat within your budget and can comfortably enjoy life on the water without worrying about making your payments.

Any member of Power Financial Credit Union is welcome to apply for a loan.

Our membership consists of those who: live, work or go to school in Broward, Charlotte, Collier, Lee, Martin, Miami-Dade, Monroe, Palm Beach County, Hillsborough, Manatee, Pinellas, Sarasota or St. Lucie counties.

Immediate family of all current members are also eligible to join.

We are also proud to offer membership to our Select Employee Groups. Employees of Ryder System, Inc. FPL/NextEra Energy, and members and employees of Bonefish & Tarpon Trust, no matter where they are located, are always welcome to join.

Be a Smarter Boat Buyer

Learn how to find the perfect vessel, qualify for financing, manage a boat survey, register your boat, and much more in our helpful guide. Click the button below to download this resource.

Get your FREE copy today!

Download Boat Buying Guide

Resources for a Better Boat Buying Experience

What to Expect & How to Prepare for a Boat Survey

Whether you’re buying or selling a boat, you’ll probably have to navigate the survey process. Find out what you can expect and how to get the most out of it now.

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How to Get Boat Loan Pre-Approval

Read our quick guide to find out what documents you need to get started, why it's important to get pre-approved, and to find out about differences between key loan products.

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Boat Buying Tips and Tricks

Before you go shopping for your ideal boat, take a moment to read up on boat loan basics, down payments, insurance, and the application process so you know exactly what to expect.

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¹Eligibility for the lowest rate which is stated above is based on credit worthiness, ability to repay, credit score, down payment, term of loan, loan to value (LTV) and year of vehicle. Rates are subject to change at any time. Interest rates include a .25% discount for automatic payment from your Power Financial Credit Union account and a .25% discount for previous Power Financial Credit Union borrowers. Other conditions may apply.

Boat Loans

Power Financial Credit Union Boat Loan Features and Benefits