
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.
A boat loan from ALEC offers you:
- Lower rates than those at most banks
- Instant approval notification when you apply online* or via the ALEC Mobile App
- Up to a 0.50% loan discount off our current rates**
- Flexible terms up to 84 months, with large purchases up to 240 months
- Zero prepayment penalties
- Easy repayment methods — via Online Banking, automatic withdrawal from ALEC Savings or Checking, or by telephone
- 24/7 online and phone support
We’ve got the boat financing to fuel your passion with rates as low as
2.74 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 |
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 vehicle.
Special ways to safeguard your boat. And your loan.

Mechanical Breakdown Protection
Protect your RV from unexpected repair costs stemming from mechanical or electrical failure.
Learn More
Guaranteed Asset Protection
Waive all or part of your remaining loan balance in the event of an accident.
Learn More
Auto & Home Insurance
Ease your financial burdens in the case of a serious illness or accident.
Learn More* 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.