Boat financing made easy
Flexible financing, fast approvals, and convenient closings to help you get on the water sooner.
A local lender who knows these waters.
Most lenders bury their best boat loan rates in the fine print. LMCU keeps it simple: competitive rates on new and used boat financing, transparent terms, and no surprises at the closing table.
Fast approvals
Quick decisions and funding to help you get on the water sooner. New, used, or refi.
Every boat type
Fishing boats, pontoons, sailboats, personal watercraft — new or used, we’ve got you.
Refinance options
Already have a boat loan somewhere else? We may be able to lower your payment or simplify it.
A few more things worth knowing.
No prepayment penalties — pay it off early, keep every dollar of savings. Optional protection like GAP and credit life and disability coverage available (learn more). Refinancing? We're worth a conversation.
Rates vary for personal watercraft.
Boat loan calculator. Numbers first, set sail second.
A payment that looks manageable at the marina can feel different by month six. Run the numbers before you shop — plug in your amount, term, and down payment and see what you’re committing to.
Good questions. Here are some answers.
From fishing boats to personal watercraft, here’s what most people want to know before they apply for boat financing.
Pretty much anything that floats. LMCU finances a wide range of new and used recreational watercraft — including vessels up to 30 years old — such as fishing boats, pontoons, sailboats, cabin cruisers, and personal watercraft. Not sure whether your specific boat qualifies? Just ask. Our team can walk you through it.
A down payment isn’t always required, but it often works in your favor. A larger down payment can lower your monthly payment, reduce the total amount you’re financing, and may help with your rate. Think of it like leaving the dock with a full tank — you start the trip in a better position.
Applying for boat financing with LMCU is simpler than the pre-launch checklist. You can apply online, call us at (844) 301-8899, or schedule an in-person, virtual, or phone appointment. Have your driver’s license and Social Security number handy and we’ll take it from there. Getting boat loan preapproval before you shop can help you know your budget before you set foot on the dock.
Yes — and it’s worth finding out if you should. Boat refinancing with LMCU may help you lower your payment, improve your boat loan rates, or bring your loan home to a lender who actually knows your name. Cash recapture options may also be available. A quick conversation with our team can tell you whether it makes sense.
We look at dealer pricing, market guides, and marine surveys when needed — the same practical factors any smart buyer would consider. Whether you’re financing a brand-new pontoon or a used boat, we take a straightforward approach. If something’s unusual about the boat you’re financing, we’ll just talk it through.
In short, yes — and here's why it matters. When you get boat loan preapproval with LMCU, you arrive at the dock knowing what rate best fits your budget. Apply online or stop into any branch before you shop.
One membership. More ways to enjoy the water.
Disclosures
Rates as of 9/10/2026 and subject to change. Rates shown are for well qualified borrowers. Actual rates may vary based on credit history, loan purpose, amount, loan-to-value, term, and vehicle year. Featured RV rate applies to eligible vehicles with model years 2006 and newer for a term of 84 months. Estimated monthly payment is $15.09 per $1,000 borrowed at 6.99% for 84 months. All loans subject to credit and income qualification.
