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Boat Loans

Low Rates on New and Used

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Boat Loan Benefits

  • Same low rates on new and used
  • Purchase or refinance with affordable monthly payments
  • Borrow up to 90% of purchase price
  • Save with Plus and Relationship benefits and electronic payment

Boat Loan Details

  • New or used boats – with same low fixed rates.
  • Borrow up to 90% of purchase price – or NADA book value (whichever is less) plus boat motor and trailer.
  • For purchases and refinancing – Have an existing loan elsewhere? Move it here and save.
  • Terms up to 20 years on new boats – and 10 years on used. That helps keep payments affordable on larger purchases.
  • Save with Plus and Relationship benefits and electronic payment – Save on rates when you qualify for Plus and Relationship benefits on your DCU Checking Account and make payments electronically (payment by transfer in Online Banking, Mobile Banking, Easy Touch Telephone Teller, DCU ATM, or internal DCU automatic transfers. Add 0.50% to rate for other payment methods.
  • Interest may be tax deductible – Boats with a bathroom, kitchen (galley), and sleeping area are considered a home under IRS rules. Interest on loans to finance them may be deductible on your federal taxes. Visit the IRS web site ( for details.

Boat Loan Fixed Rates*

For New or Used Boats (Maximum used boat age to be financed 10 years)

Qualified borrowers can finance up to 90% of NADA retail book value or 90% of the purchase price, whichever is less.

Our Best Rates*
Terms / Features Annual Percentage Rate Estimated Monthly Payment
per $1,000
Up to 60 months
Minimum Loan Amount $5,000
7.74% $20.15
Up to 72 months
Minimum Loan Amount $15,000
8.24% $17.65
Up to 84 months
Minimum Loan Amount $15,000
8.74% $15.96
Up to 120 months
Minimum Loan Amount $25,000
9.24% $12.80
Up to 180 months
Minimum Loan A Mount $50,000
9.24% $10.29
Up to 240 months
Minimum Loan Amount $75,000
9.24% $9.15

Rates are effective .

*Rates are determined by your personal credit history, account relationship, and payment method.

Boat Loans is rated 4.6 out of 5 by 20.
Rated 5 out of 5 by from Fast This was fastest and easiest loan I have ever obtained. I went in to speak to someone originally and actually didn't even need to. Everything was done via e-mail and I had a check 4 days later. I am going to try to refi with DCU as well for other loans.
Date published: 2018-09-04
Rated 5 out of 5 by from Fantastic Loan Representative Amy was just fantastic to deal with! Truly a great experience. From our first conversation through the loan closing, Amy was patient, proactive, and enormously knowledgeable. DCU has an incredible capacity to hire team members that always have a great attitude. Over the past 10 years, not once has the experience been anything but outstanding. How does DCU do it? Thank you!
Date published: 2018-05-19
Rated 5 out of 5 by from Boat Loan The process was very easy and fast! The customer service was outstanding, at every step of the process.
Date published: 2018-03-31
Rated 5 out of 5 by from Loan process was fast and easy! This was by far the easiest loan process I’ve encountered.
Date published: 2018-03-06
Rated 5 out of 5 by from excellent I was surprised how fast and painless the process was. I look forward to doing future business with DCU.
Date published: 2018-02-24
Rated 5 out of 5 by from Quick and easy! I had the check in 24 hours. Easy and fast! Great customer service.
Date published: 2017-07-29
Rated 5 out of 5 by from I like working with DCU I feel that DCU has the best rates and the staff are very helpful.
Date published: 2017-06-01
Rated 5 out of 5 by from Very accommodating, knowledgeable & friendly service. Beshmir was a pleasure to work with. He explained everything to my at my level. He did all he could to get me the kind of loan I needed while trying different options. He made me feel very comfortable at DCU and because of that I am so happy to be a part of the DCU family! Thank you Beshmir & thank you DCU! Scott M
Date published: 2017-02-25
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Accounts, can anyone open up an account with DCU

Asked by: Sue
You are required to belong within our Field of Membership in order to be able to open an account with DCU. If you choose the following link and then the who may join tab you can view detailed information on how to become eligible for membership.
Answered by: DCU Staff
Date published: 2014-05-17

How old can a used boat be? Generally 30 yrs old is my experience. I did see 10 yr max loan

Asked by: Tony D
We do not have a set requirement on the age of a boat we will be able to offer financing for. For more detailed information on if we will be able to approve the loan for the boat you are interested in please contact a Loan Specialist for review. They can be reached at (800) 328-8797 option 4.
Answered by: DCU Staff
Date published: 2018-10-02
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Easy Ways To Apply Today

  1. Apply Online
  2. By Phone
    Call 508.263.6700 and press 3
  3. Any DCU Branch