Skip navigation and go to page content
Boat Loans

boat loans

Boat financing options to fit your needs

From waterborne jet skis to pontoons and speeders, boat loans from ALEC enable you to hit the open waters no matter where you choose to roam. ALEC boat loans make savings fun by putting you at the Captain’s helm of your loan.

Check Rates

Loan Discount

Up to 115% Financing

Flexible Terms

We’ve got the boat financing to fuel your passion with rates as low as

% APR*
Up to 36 months

The Benefits of our Boat Loans

Competitive Low Rates

Up to 0.50% Loan Discount

Instant Approval

Terms up to 240 months

24/7 online and phone support

No Prepayment Penalties

Boat Loan Rates

ALEC is proud to provide outstanding rates and term lengths to all members of our banking family.

TypeLoan TermAPR* as low as 1
New & Used Boats, Marine 2
Up to 24 months4.49%
36 months4.49%
48 months4.99%
60 months5.24%
72 months5.49%
84 months5.99%
Extended Term Boats 2
120 months6.49%
180 months6.99%
240 months7.49%
* APR = Annual Percentage Rate. All loans subject to credit approval. Rates subject to credit history, term and other factors. Not all applicants will qualify for our lowest rates. Rates can change daily.
1 Disclosed rates include ALEC’s 0.50% APR discount. Returning loan members who have a current loan with ALEC and are applying for a new loan will automatically receive a 0.50% APR rate discount. New loan members who do not have any current loans with ALEC must have an ALEC Checking Account (Free or Rewards) with $500 in direct deposit per statement cycle AND be enrolled in E-Statements to be eligible for the 0.50% APR discount. Discount not valid on credit cards, mortgages, Personal Lines of Credit, Rapid Refi and Home Equity Line of Credit.
2 84-month and Extended Term Boat loans are available with a minimum $25,000 loan amount.

Start Your Application Today!

Apply Online
Quick and easy online application with instant approval.
Sign Your Loan
Agree to the loan amount, rates, and terms.
Receive Funds
Receive your funds and use them to buy your next boat or marine vehicle.