boat loans
Boat financing options to fit your needs
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.
Check Rates
Loan Discount
Up to 115% Financing
Flexible Terms
We’ve got the boat financing to fuel your passion with rates as low as
5.99%
APR* up to
36 months
The Benefits of our Boat Loans
Competitive Low Rates
Up to 0.50% 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 Term | APR* as low as 1 |
|---|---|---|
| New & Used Boats, Marine 2 2017-2024 | Up to 24 months | 4.49% |
| 36 months | 4.49% | |
| 48 months | 4.99% | |
| 60 months | 5.24% | |
| 72 months | 5.49% | |
| 84 months | 5.99% | |
| Extended Term Boats 2 2017-2024 | 120 months | 6.49% |
| 180 months | 6.99% | |
| 240 months | 7.49% |
* APR = Annual Percentage Rate. All loans subject to credit approval. Rates subject to credit history, term and other factors. Not all applicants will qualify for our lowest rates. Rates can change daily.
1 Disclosed rates include ALEC’s 0.50% APR discount. Returning loan members who have a current loan with ALEC and are applying for a new loan will automatically receive a 0.50% APR rate discount. New loan members who do not have any current loans with ALEC must have an ALEC Checking Account (Free or Rewards) with $500 in direct deposit per statement cycle AND be enrolled in E-Statements to be eligible for the 0.50% APR discount. Discount not valid on credit cards, mortgages, Personal Lines of Credit, Rapid Refi and Home Equity Line of Credit.
2 84-month and Extended Term Boat loans are available with a minimum $25,000 loan amount.