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.

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!

Whether you plan on traveling around the country in your motorhome or inside a cozy camper, be sure you are getting the features you deserve. Maximize your travel benefits with ALEC!

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!


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 vehicle.

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.

Mechanical Breakdown Protection-Adult man using jumper cables

Mechanical Breakdown Protection

Protect your RV from unexpected repair costs stemming from mechanical or electrical failure.

Learn More
Guaranteed Asset Protection-inspection of the car after accident

Guaranteed Asset Protection

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

Learn More
Home and Auto Insurance-couple sitting in the back of car

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.