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.
Buy on your terms
Purchase a boat, jet ski or other personal watercraft from a dealership or private seller.
Get fixed rates
Get a low monthly payment thanks to our competitive interest rates.
Already bank with us? Streamline your lending experience with a one-stop loan shop.
We're here to help you finance your watercraft with a boat loan
Rates as low as
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.
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.
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.
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!
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 & Watercraft Insurance
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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.
A few financial insights for your life
Account openings are subject to bank approval.
Subject to credit approval.
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 7.14% as of January 20, 2023, to qualifying applicants for a fixed-rate boat loan amortized over 3 years, and includes an autodraft discount. APR is based upon a rate of 6.99% and an origination fee of $100.
For example: A boat loan with an amount financed of $45,000 at a 6.99% fixed rate and including a $100 origination fee would have an APR of 7.14%, and you would make 36 payments of $1,389 and pay total interest of $5,013.
Bank deposit products are offered by First Citizens Bank. Member FDIC and an Equal Housing Lender. icon: sys-ehl.