<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=847793522993362&amp;ev=PageView&amp;noscript=1">

Set sail with our boat loans.

We make financing your boat or personal watercraft easy and affordable, with zero down and 100% financing available.
Apply Now

BOAT LOAN RATES

[1] APR=Annual Percentage Rate. [2] Boats and personal watercrafts over two model years old are considered used. 100% financing is available on used boat loans with approved credit. All loans subject to approval. Membership eligibility required. 

Rates as of: May 8, 2023
TERM
APR1 (as low as)
TERM
60 Months
APR1 (as low as)
7.99%
TERM
84 Months
APR1 (as low as)
8.49%
Rates as of: May 8, 2023
TERM
APR1, 2 (as low as)
TERM
60 Months
APR1, 2 (as low as)
8.24%
TERM
84 Months
APR1, 2 (as low as)
8.74%
Rates as of: May 11, 2023
TERM
APR1 (as low as)
TERM
48 Months
APR1 (as low as)
8.49%
TERM
60 Months
APR1 (as low as)
8.49%
TERM
72 Months
APR1 (as low as)
8.74%
Rates as of: May 11, 2023
TERM
APR1, 2 (as low as)
TERM
48 Months
APR1, 2 (as low as)
8.49%
TERM
60 Months
APR1, 2 (as low as)
8.74%

[1] APR=Annual Percentage Rate. [2] Boats and personal watercrafts over two model years old are considered used. 100% financing is available on used boat loans with approved credit. All loans subject to approval. Membership eligibility required. 

Start your Boat Loan application

Boat Financing Benefits

Enjoy a boatload of benefits when you finance your new or used boat (or personal watercraft) with PCU. Our friendly loan experts will have you cruising the open waters in no time.

Woman smiling on a new boat with her friends on a sunset cruise

Low Rates

Dreaming of being on the water? With our low boat loan rates, we make dreams affordable!

Flexible Terms

With boat financing terms up to 84 months (or potentially longer3), it's easy to find your perfect payment.

100% Financing

At PCU, we know that every dollar counts, and that's why we offer up to 100% boat financing.

Local Decisions

Local decisions mean fast decisions. Our team is ready to get you on your perfect personal watercraft today.
Apply Now

OUR BEST BOAT LOAN RATES

Boat Loan Calculator

Find the perfect boat or jet ski loan payment4 for your budget. Test different loan amounts, interest rates, and loan terms to see what works best for you, then email yourself the results.

${amount}/mo

Email me the results:

Send
Success! Your calculator results have been emailed. Please fill all the fields.

Why choose a PCU Boat Loan?

Whether you need financing for a new or used boat, or you want to refinance your current boat loan, you’ll get the boat financing you need right here. 

  • All-inclusive: Our boat financing options can include the motor, trailer, and essentials—an all-in-one payment!
  • Low Rates: Our low boat loan rates make it easier on you and your wallet.
  • Flexible Terms: With boat financing terms up to 84 months (or potentially longer)3 it's easy to find your perfect payment. 
  • 100% Boat Financing: Qualified buyers can get up to 100% financing.

Talk to our local experts for help bundling all your personal watercraft accessories into the best boat loan you can get!

Apply Now
Father and son on boat fishing together on new boat his father purchased with a boat loan from PCU.
New boat yacht purchased with the best boat loan from CCCU credit union in Portland Oregon.

Guaranteed Asset Protection (GAP)

Boats can depreciate in value quickly—sometimes quicker than you can pay off the loan. This could leave you on the hook financially if your new boat is totaled or stolen and not recovered. Ensure you are covered by signing up for GAP.

Our MEMBER'S CHOICE® Guaranteed Asset Protection (GAP) Plus coverage includes $1,000 towards your down payment on a replacement boat when financed by PCU within 60 days after your primary insurance company issues a settlement check.

Be sure to ask about GAP when you apply for your PCU Boat Loan to learn how this coverage can protect you and your family.

Contact Us
PCU Budgeting Tips and Tricks Guide Cover

Start building your perfect budget today!

Our Budgeting Tips and Tricks: Quick Solutions to Start Saving Today guide provides everything you need to build your perfect budget and start saving money today.

Ready to get started? Download your guide now:

What our members are saying:

“This was my third loan with PCU and each time, it was quick, efficient and all the loan officers were diligent! They worked with me to make my time constraints and are always professional.”

Lotis C. Member Since 2018

“The process to create my account was quick and smooth. The option to receive my direct deposit two days early is amazing! Thank you!”

Armando Z. Member Since 2023

“I am a long-time member and have always been treated respectfully. Very appreciative that we have a credit union.”

Mitchell J. Member Since 1990

New in Our Blog

Enjoy browsing our collection of recent blog articles designed to help you learn and save money! 

Online Course: Housing 101
Courses

Online Course: Housing 101

Read More
10 Ways to Save on Summer Camp
Budgeting

10 Ways to Save on Summer Camp

Read More
Student Loan On-Ramp is Ending. Here is What Borrowers Need to Know
Budgeting

Student Loan On-Ramp is Ending. Here is What Borrowers Need to Know

Read More
Explore Articles

Frequently Asked Questions About Boat Loans

How does a boat loan work?

There are a variety of lenders, loan types, loan terms, and competitive rates at your disposal, but you can be better prepared by knowing your financial history, getting prequalified with a lender, and having all the required personal and financial information ready, along with the boat’s information, such as the make, model, year, power and purchase price.

How long can a boat be financed for?

Get a fixed-rate loan with a term up to 7 years (84 months) with PCU. We offer flexible financing terms and some of the best boat loan rates. Buyers have the option to make extra payments or pay the loan off entirely before the term is up.

What is the average boat payment?

There isn’t necessarily an average boat payment because there are many factors that determine how much you pay per month for a boat, including:

  • Type of boat
  • Loan amount
  • Loan length
  • APR (Annual Percentage Rate)

The more you borrow, the more your monthly boat payment will be. Use our boat loan calculator (above) to calculate your monthly payment.

How much do you have to put down on a boat?

The actual down payment will depend on the lender and the cost of your boat. Most lenders expect a buyer to put down 10–20% down. Some lenders may not require a down payment, most often for brand-new boats.

What are your boat loan interest rates?

Depending on your creditworthiness, PCU aims to provide the best boat financing rates possible. To view our competitive, fixed rates, scroll to the top of this page. You can also contact one of our loan experts to see what you could qualify for!

How do I apply for boat financing?

Applying for boat financing with PCU is easy. Apply online in minutes, visit a branch, or contact our Consumer Loans Team at 503.797.7561 or loans@consolidatedccu.com. 

What are the financing terms on boat loans?

Options include choosing a shorter financing term with a higher payment, while others may choose a longer term with lower payments. Use our boat loan calculator (above) to calculate monthly payments for your purchase, depending on the loan amount and loan term.

Can I prequalify for a boat loan over the phone?

Yes, in some cases you can prequalify for boat financing through our Consumer Loans Team at 503.797.7561 or loans@consolidatedccu.com. We may require scanned or faxed income verification prior to prequalification.

Once you’re prequalified, closing paperwork will be sent to a PCU branch of your choosing, where you can sign the documents. If you are unable to visit a branch, the documents may be sent through DocuSign. Your loan officer will work with you to make the process as easy as possible.

DISCLOSURES
[3] Contact credit union for terms longer than 84 months. Advertised APR = Annual Percentage Rate; based on creditworthiness.
[4] Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Don't Miss Out!

Sign up to get new info, promos and event alerts:

© Providence Credit Union 2025 | 9205 SW Barnes Road Portland, OR 97225 | Routing #: 323075136

Privacy Policy | Schedule of Fees & Rates | Disclosures | Luxury Expenditures Policy

PCU is committed to serving all persons within its field of membership, including those with disabilities. We strive to make not only our physical branches accessible but also to conform to WCAG 2.0 guidelines for website accessibility. Our efforts are ongoing including frequent testing and updates to improve accessibility. Should you have any problems accessing our branches or website, please contact us so that we may promptly assist you and remedy any accessibility concerns.

Providence Credit Union (PCU), Consolidated Community Credit Union (CCCU) and CCCU Cascade are all trade names or registered service marks of Consolidated Federal Credit Union. Although these branches have different names, they are all part of the same credit union; shares and deposits held at each office are not separately insured.

Website Built by FI GROW Solutions