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Routing #321180379

Boat Loans

Are you ready to make some waves?

First Tech’s fast and easy boat loans will get you on the water sooner.

As low as 4.40% APR

couple sailing a boat

Why get a boat loan from First Tech?

man and child riding in a boat

What kind of boat can I get?

We finance many kinds of freshwater and saltwater boats, sailboats, and inboard and outboard motorboats. We can also finance your trailer!


Image showing types of boats

Checkbox Quick and easy loan approval

  • Online loan application
  • Digital document delivery
  • Fast loan decision

Checkbox Secure, anytime, anywhere account access

  • Free mobile app
  • Free online banking

Checkbox More money in your pocket

  • No pre-payment penalty
  • No application or origination fee
  • No annual fee

Boat loan calculators.

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How do I get a boat loan?

You can apply for a loan online in just minutes, or by phone at 855.855.8805. First, check your credit. If everything is in order, including your debt-to-income ratio, determine how much you need to borrow and locate a loan that fits your needs.

What information do I need to apply?

You will need to provide basic demographic and employment information. We’ll also ask for information about the boat you are interested in buying or refinancing. As part of the underwriting process, our lender may ask for proof of income, a copy of the sales contract or a marine survey report.

How does the closing process work?

The buyer and seller do not need to visit a First Tech branch or be in the same place to close the loan. Once we receive the paperwork back from both parties, we will disburse funds in 1-2 business days. If the boat is currently financed, we will direct funds to the lienholder to pay off the loan. Otherwise, the funds will be paid to the seller by check.

Are there application fees and closing costs?

The closing costs vary according to value added services provided. Minimum charges start at around $200 and increase subject to services provided. Vessels requiring US Coast Guard Documentation generally incur charges of about $800.

What does boat insurance cover?

Boat insurance typically includes Liability, Uninsured Boater, Medical Payment, Comprehensive and Collision coverages. There are also additional coverages available that can be equally as important, but that you may not have thought about, such as personal effects, special equipment, wreckage removal, and on-water towing. For more information, and to get a no-obligation quote, check out First Tech Insurance Services.

How long will it take to get a decision?

Most loans are approved right away or within a business day, depending on the amount being financed and your overall credit and situation.

Can I get a boat loan with bad credit?

Securing a boat loan with bad credit is still possible. We have a full range of products to offer to all credit types. We will work with you to understand your unique situation.

How can I check the value of the boat I'm buying?

We recommend you access the NADA Guides Boat Value Online Tool, powered by J.D. Power.

Can I finance the sales tax on my boat or RV purchase?

Yes, First Tech consider sales tax in the total price of the vessel.

How long is my loan approval good for?

Approval and rate commitments are valid for 30 days.

What is the maximum term available for a boat or RV loan?

The maximum term we offer is 15 years or 180 months.

What is the oldest boat you finance?

We can finance boats up to 10 model years old. PLEASE NOTE: For Used Boat Loan (2-5 model years) add 0.50% to the advertised New Boat Loan rate. For Older Used Boat Loan (6-10 model years) add 1.00% to the advertised New Boat Loan rate.

Offering more than just a boat loan.