Access to your accounts anywhere, anytime
Get out on the water
Starting at 7.99% APR1
$5,000 to $100,000
Up to 180 months
Whether you’re heading out for a day on the lake, fishing with friends, or simply soaking up some sunshine, we make it easy for you with flexible options and low rates on new or used boats. Purchase from a dealer or private party, or refinance and save. We offer financing for various models and types of boats, including saltwater, fishing boats, sailboats, yachts and more.
With low rates, simple terms and affordable payment options, you’ll be on your way and ready to set sail to the open sea in no time.
With low, fixed payments
Pay off your loan early if you need to
Buy from a licensed dealer, private party, or save on an existing loan
Fast and easy payment methods, plus rewards for on-time payments2
Cover your boat in the event of mechanical breakdowns, financial loss and more — get your quote today
Rates Effective 06/14/2024
You can choose to apply online, or with a Patelco team member at a branch or online through our Patelco Virtual Branch™. The application takes minutes to complete. After you apply, a team member will review your application and reach out within 2 – 3 business days with an update.
The process is simple:
Aside from any dealership promotions offered, you may be eligible for additional rate reductions after closing with LevelUp, just for making on-time payments on your loan. Speak to one of our team members to see what’s available.
Yes. We recommend getting pre-approved in advance, so once you find the type of boat you want, it will be easy to purchase straight from the dealership. It’s good to have a price range in mind, along with your down payment amount so we can determine what you qualify for and how much you’ll need to borrow. Once approved, we will issue you a convenience check which you can use to purchase directly from a dealer.
Set sail soon and take advantage of our low-rate financing options. It’s easy to get started and takes minutes to complete.
1 APR (Annual Percentage Rate). Boat loans as low as 7.99% APR effective 06/14/2024. Loan rates are subject to change without notice and subject to credit approval. Patelco offers a range of rates that depend on factors such as credit history, loan term, mileage, Patelco account and loan balances. Additional .50% added to rate for mileage over 100k (with a maximum mileage at 125k). Maximum of 20 years combined based on vehicle model year + loan term. Actual rates are disclosed to approved applicants in writing prior to loan consummation and may be as high as 19.45% APR. To learn more about rates, terms and available discounts, call 800.358.8228, visit patelco.org or visit any Patelco branch. Loan payment example: 60 months: $20.34 per month per $1000 borrowed at 7.99% APR; 72 months: $17.59 per month per $1000 borrowed at 7.99% APR; 84 months: $15.64 per month per $1000 borrowed at 7.99% APR; 120 months: $12.44 per month per $1000 borrowed at 8.49% APR;180 months: $10.03 per month per 1000 borrowed at 8.74% APR
2 LevelUp is offered to members who are approved for the following loans at Patelco’s credit tier 2 or higher: auto, motorcycle, RV, boat, and personal loans, excluding all lines of credit. Total discount of up to 1.50% APR (Annual Percentage Rate) applied in 0.50% APR increments for every 12 consecutive on-time monthly payments. Maximum discount will never cause the final APR to be lower than the LevelUp floor rate for the specific loan and term at time of funding. Monthly payment amount remains constant, with additional money going toward principal, which shortens the term of the loan and the total amount paid over the life of the loan.
