Boat Loans

Now's the time to get out on the water

Set sail with a boat loan

Get the boat you've always dreamed of with the help of our boat financing team. We'll help you navigate the boat lending process, lock in your interest rate and get you out on the water—where you're meant to be.

Shop where you want

Purchase a boat, jet ski or other personal watercraft from a dealership or private seller.

Get low fixed rates

Secure affordable monthly payments for your boat with our competitive fixed rates.

Simplify payments

Already bank with us? Streamline your lending experience with a one-stop loan shop.

Let's get you out on the water
Promotional Rate

We're here to help you finance your watercraft with a boat loan

Rates as low as
6.14% APRD

Boat Loan Benefits

Make it easier than ever to get your dream boat

If you've wanted a boat for a long time, then you know the feeling. That's why we're here to help you make your boating dreams a reality.

  • Same low rates available for new and used boats
  • Get access to competitive fixed rates
  • Secure your financing and boat insurance in the same transaction
  • Funding options include dealer purchase, private purchase and refinance

How to get started

Buying that dream boat is easier when you understand how to get a boat loan. Even if you're buying a new watercraft from a dealership, you can choose where to get your financing—which can lead to substantial savings.

Step 1

Shop for a boat

The first step toward getting a boat loan is finding watercraft you'd like to buy. It could be from a dealership or a private seller. Shopping around will help you find the best deal.

Step 2

Apply for a boat loan

Contact us or visit a local branch to apply for a boat loan. One of our friendly loan experts will gather information about you and the watercraft you'd like to purchase. Feel free to ask any questions throughout the process—we're here to help.

Step 3

Close your loan to receive your funds

Lastly, you'll sign closing documents to finalize your boat loan. After closing, you'll receive your funds, which could arrive in as little as 24 hours. Then you can return to the seller to buy and enjoy your new boat.

Use this calculator to estimate your boat loan payoff date

Boat Loans FAQ
People often ask us

Anyone who's purchasing a boat or personal watercraft can apply for a boat loan at First Citizens.

To get the quickest turnaround on your funds, we recommend that you find the boat or personal watercraft you want to purchase before applying for a boat loan.

For titled boat loans, the minimum amount is $2,500. The maximum term is 84 months for loans greater than $35,000 and 72 months for loans less than $35,000. You can talk to a banker for more information about boat loans.

Boat and personal watercraft owners should ensure they're complying with their state's boat and personal watercraft insurance requirements. Your lender will collect your insurance information as part of the loan process. It's recommended that boat owners carry a full range of boat and watercraft insurance to protect their finances against damage or loss.

No. There are no penalties or fees for early paydowns on boat loans.

Insights
A few financial insights for your life

Credit

How Personal Loans Can Help Financial Wellness

Getting a personal loan could help you consolidate your debt or increase your credit score.
Making monthly payments toward a loan tells lenders you're responsible with your debt.
Credit

A Breakdown of the 5 Cs of Credit

Discover the five factors that guide banks' lending decisions.
Banks typically look for a debt-to-income ratio of less than 36% as an indicator of a responsible borrower.
Debt

Do You Know How to Get a Personal Loan?

Here's the information you'll need to apply for a personal loan.
As long as you use it responsibly, getting a personal loan can help strengthen your finances and prepare you for financial success down the road.

Account openings are subject to normal bank approval.

Normal credit approval applies.

This application is not available for Wisconsin residents. Please call us to apply or visit your local branch.

Terms and conditions subject to change.

Annual Percentage Rate (APR) is 6.14% as of April 16, 2025, to qualifying applicants for a fixed-rate boat loan amortized over 3 years and includes an autodraft discount from a First Citizens checking account. APR is based upon a rate of 5.95% and an origination fee of $100.

For example: A boat loan with an amount financed of $35,000 at a 5.95% fixed rate and including a $100 origination fee would have an APR of 6.14%, and you would make 36 payments of $1,064 and pay total interest of $3,303.

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