a boat in open water cruising off into a golden sunset

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!

ALEC offers amazing boat loan rates and outstanding benefits all rolled up in one. Explore how financing your next cruise with us can get you closer to your goals.

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


36 months


48 months


60 months


72 months


84 months***


Extended Term Boats***

2015 - 2022

120 months


180 months


240 months


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.

Apply Now

Special ways to safeguard your boat. And your loan.

ALEC is proud to offer additional coverage options that protect your recent purchase from unforeseen accidents, damages, and natural disasters. Get the peace of mind you need with a little help from our team.

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.

Guaranteed Asset Protection

Waive all or part of your remaining loan balance in the event of an accident.

Auto & Home Insurance

Great insurance for your vehicle and home--with exceptional savings.

* 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.