New & Used Boat Loan Rates & Terms
Prior year models and newer are considered new boats. On models that have never been titled, we finance 95% of the purchase price, including sales tax, title and tag fees. Rates provided are current as of Sunday, June 14, 2026 and are subject to change. When you're ready to apply for a Boat Loan, click one of the links below to apply online or visit a branch during business hours.
New Boats
| Loan value | Loan term | APR*(as low as) |
| Up to $10,000 | 60 Months | 6.75% |
| Up to $25,000 | 120 Months | 7.75% |
| Up to $50,000 | 144 Months | 8.00% |
| Over $50,000 | 180 Months | 8.00% |
- The Credit Union will finance 95% of the purchase price not to exceed J.D. Power Average Retail Value.
- The purchase price includes permanently installed options, tax, tag, and title fees.
- A minimum of 5% down payment will be required.
Used Boats (2-7 Years Old)
| Loan value | Loan term | APR*(as low as) |
| Up to $10,000 | 60 Months | 7.75% |
| Up to $25,000 | 120 Months | 8.75% |
| Up to $50,000 | 144 Months | 9.00% |
| Over $50,000 | 180 Months | 9.00% |
- The Credit Union will finance 90% of the purchase price not to exceed J.D. Power Average Retail Value.
- The purchase price includes permanently installed options, tax, tag, and title fees.
- A minimum of 10% down payment will be required.
Got questions? Give us a call at 850.862.0111, Option 2, or email our Consumer Loans department via secure email.
Loans for new boats Up to $10,000 are available with an annual percentage rate as low as 6.75% for a loan term of 60 Months.
Loans for new boats Up to $25,000 are available with an annual percentage rate as low as 7.75% for a loan term of 120 Months.
Loans for new boats Up to $50,000 are available with an annual percentage rate as low as 8.00% for a loan term of 144 Months.
Loans for new boats Over $50,000 are available with an annual percentage rate as low as 8.00% for a loan term of 180 Months.
Loans for used boats Up to $10,000 are available with an annual percentage rate as low as 7.75% for a loan term of 60 Months.
Loans for used boats Up to $25,000 are available with an annual percentage rate as low as 8.75% for a loan term of 120 Months.
Loans for used boats Up to $50,000 are available with an annual percentage rate as low as 9.00% for a loan term of 144 Months.
Loans for used boats Over $50,000 are available with an annual percentage rate as low as 9.00% for a loan term of 180 Months.
Boat Loan Payment Calculator
Sample Repayment: For a $50000 Boat Loan over a term of 60 months at an APR of 6.75%, the approximate monthly payments would be $982.
Finance your next boat purchase with Eglin FCU. Whether you're interested in a new or used boat, we offer low rates & flexible terms to meet your needs.
If you're paying too much on your current Boat Loan, refinancing through Eglin FCU may be a good choice for you. Apply online & lower your monthly payments today.
Boats for Sale
We offer 100% financing on our repossessed boats for qualified credit union members.
Eglin FCU Debt Protection
Cancel or waive your loan payment(s) up to the contract maximums if a protected event such as disability, loss of life, or involuntary unemployment occurs.
Research the latest new vehicle prices and used vehicle book values.
When you receive a collateral loan from Eglin FCU you'll need to agree to maintain adequate insurance coverage.
Frequently Asked Questions
How do I apply for a boat loan?
To apply for a boat loan, you may either visit a branch during business hours or you may apply online by clicking the "apply for a Boat Loan" link on our Boat Loan page.
You have several convenient options for making boat loan payments:
- Transfer funds from your available Eglin FCU accounts through Online Banking service or the Mobile App.
- Use the External Transfers feature within Online Banking or the Mobile App to make a payment from your checking or savings account at another financial institution.
- Request to make a payment at one of our Video Teller machines during business hours.
- Visit any of our local branches to make a loan payment in person.
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Send your Boat Loan payment with a check via mail to:
Eglin Federal Credit Union
838 Eglin Parkway NE
Fort Walton Beach, FL 32547
