boat loans
Loans as low as 6.05% APR1 for fishing boats, sailboats, pontoons, and more. Whether you're cruising lakes or exploring seas, we’ll help make your maritime dreams a reality.
boat loans and refinancing
the ocean blue is waiting for you.
At United, we understand that owning a boat is more than just a purchase—it's about embracing adventure, freedom, and the open water. Whether you're navigating the serene lakes, fishing, or enjoying a relaxing day on your pontoon, our boat loans make it easier to turn your nautical dreams into reality. With flexible loan terms and great fixed rates, we'll take care of you every step of the way.
Our boat loans cover a wide range of vessels, from fishing boats and sailboats to pontoon boats, cabin cruisers and more. Plus, if you're already financing through another lender, refinancing with us could help you save on monthly payments and reduce interest costs over the life of the loan.
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what our loan offers
United offers a fixed rate loan to finance a new or used boat. Have confidence knowing that you won't be tied down with additional fees. We allow borrowing up to 100% of the value of your boat to help cover expenses like taxes, title fees, and negative trade-in equity. United has no application fee or early payment penalties.
good to know
Personal watercraft, like jet skis, are not considered a boat. If you are looking to finance your watercraft, you'll need a Motorcycle & Powersports Recreational Loan.
FAQ
A: You must have full coverage insurance with a $1,000 maximum deductible, and have a purchase order or copy of the title available.
If multiple names are on the title, all parties must sign the appropriate paperwork for the loan and lien perfection.
A: Once you drive off the lot, your vehicle is already worth less. Since insurance claim payments are based on the current value of your vehicle, your loan or lease could be higher than the value of your vehicle in the event of a total loss.
Guaranteed Asset Protection (GAP) is an optional product that you may purchase for your vehicle that covers the difference between the outstanding loan balance and the actual cash value of the vehicle in the event of a total loss or theft.
It also includes Auto Deductible Reimbursement (ADR), which reimburses up to $500 per "fender bender" insurance claim for 3 years, and you can receive $1,000 off your new loan balance if your vehicle is totaled and you finance the replacement vehicle through United.
GAP can be added at any time, but it's most beneficial in the first 18 months of the loan. GAP is valid for one vehicle loan. The coverage cannot be combined across loans.
A: Debt protection is an optional product that helps relieve the financial stress and worry related to making loan payments in the event of death, disability, and/or involuntary unemployment. This protection cancels a borrower's remaining loan balance in the event of death and loan payment(s) for a specific amount of time per occurrence in the event of the rest.
A: Typically, GAP covers the loan itself and is nontransferable when the loan is refinanced. However, there is a slight chance GAP purchased on a United loan can be transferred if the loan is refinanced to a new United loan.
The ability to request this option will be dependent on the terms of the new loan and if the loan term is extended or not.
A: Yes, GAP can be added at any time to an existing loan with qualifying vehicle. In most cases, it is most beneficial to add this during the first 18 months of the loan when there is the greatest likelihood of a deficiency balance in the event of a loss.
A: Yes, a boat loan from United covers used boats. Please be aware that a used boat over $75,000 will require a Certified Marine Appraisal to determine the value. A dealer write up or purchase order is not considered an appraisal.
APR = Annual Percentage Rate. Equal Opportunity Lender. Subject to Credit Approval.
Rates as of 4/1/2025 and subject to change.
[1] Advertised APR for well-qualified borrowers with 180-month term, ≤ 80% loan to value (LTV), and a 0.10% APR discount for maintaining an Ultra Checking account with a positive balance. Base available APR is 6.05% to 18.00% APR (as high as 17.00% in Arkansas and Oklahoma) depending on credit performance, loan-to-value and terms of the loan. Payment Example: $50,000 at 5.50% APR for 180 months equals $408.60 per month. Some conditions apply.
[2] Debt Protection products are available independently of credit, are not a condition of credit, are provided by a third party partner and not insured by NCUA. You will receive additional information before you are required to pay for Debt Protection, which will include a copy of the contract containing the terms and conditions of Debt Protection. There are eligibility requirements, conditions and exclusions that could prevent you from receiving Debt Protection. See the contract for a full explanation of the terms and conditions of the program. First payment must be made within 90 days to be eligible for GAP coverage.
[3] The cost of GAP is determined by the amount financed and type of collateral. In many cases it may cost more than the standard cost for GAP on a passenger vehicle.
[4] Full coverage insurance is required until the loan balance drops below $2,000. If collateral is insured under a homeowners insurance policy it must be listed separately with coverage on the policy. Used boats over $75,000 require a certified marine appraisal – dealer invoice is not sufficient.