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.
We’ve got the boat financing to fuel your passion with rates as low as
2.24% APR*
Enjoy The Benefits!
✔Competitively Low Rates |
✔Up to .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.
| Type | Loan Terms | APR* as low as |
|---|---|---|
|
New & Used Boats |
Up to 24 months |
2.74% |
|
36 months |
2.74% |
|
|
48 months |
3.24% |
|
|
60 months |
3.49% |
|
|
72 months |
3.74% |
|
|
84 months*** |
4.24% |
|
|
Extended Term Boats*** 2015 - 2022 |
120 months |
4.49% |
|
180 months |
4.99% |
|
|
240 months |
5.49% |
Start Your Application Today!
1
Apply Online
Quick and easy online application with instant approval.
2
Sign Your Loan
Agree to the loan amount, rates, and terms.
3
Receive Funds
Receive your funds and use them to buy your next boat.
Special ways to safeguard your boat. And your loan.
Credit Life & Disability Protection
Two affordable plans designed to ease the financial burden on you and your family in cases of injury, illness, or death.
Waive all or part of your remaining loan balance in the event of an accident.
* All loans subject to credit approval.
** ALEC members will automatically earn a 0.50% APR loan discount if they are a new member applying for a loan within the first 60 days of membership OR if they are a returning ALEC loan member. Existing members that don't meet the above criteria earn the 0.50% APR discount with a $500 monthly direct deposit into an ALEC Checking account and enrollment in E-Statements.
*** 84 month and Extended Term Boat loans are available with a minimum $25,000 loan amount.