Boat Loans & Financing Options

Boat Loans & Financing Options

Reward yourself with some time in open waters by taking out a boat loan through Argent Credit Union. Our team makes it easy for you to enjoy fun in the sun, one adventure at a time with our outstanding boat loan benefits.

Argent Credit Union is proud to offer:

  • 100% Borrowing Quotient: Borrow 100% of your boat’s purchase price, including all relevant taxes and license fees.
  • Flexible Term Lengths: Borrow on terms up to 180 months for new boat purchases.
    Be aware that a ship’s mortgage will be required on all boats measuring longer than 25 feet in length.
  • Low Rates: Enjoy competitive APR on all boat loans.
  • Fast Loan Approval: Get approved quickly by submitting relevant information to our team of loan officers.

Apply Now

Boat Loans Payment Calculator

Want more information about how much your new boat loan will cost you? Get answers now by using our boat loan payment calculator. Simply add any relevant information to the blank fields, and view your customized monthly rates that allow you to plan for the future.

Boat Loan Rates

At Argent Credit Union, we believe in rewarding our members with low interest rates on boats just for banking with us.

New & Used Boats/Watercrafts 2020-2016*

APR** Term Length
4.49% up to 48 months
4.99% 49 – 75 months
5.74% ($30,000 minimum) 76 – 120 Months
6.99% ($50,000 minimum) 121 – 180 Months

 

Used Boats/Watercrafts 2015-2010

APR Term Length
5.49% (Up To) 48 Months
5.99% 49 – 75 Months
6.74% ($30,000 minimum) 76 – 120 Months

Boat Loan FAQ

Below are some of the most frequently asked questions related to boat loans and financing options through Argent Credit Union.

How do I apply for a boat loan?

There are three methods of applying for a boat loan: in person, online, or via phone. Visit any of our local branches to speak with a loan officer, or apply online at your convenience. For phone calls, reach out to the loan team at 804-748-9488, or 800-943-3328 and select option 1 to get started.

What credit score do I need to get a boat loan?

Credit scores are often attributed as the make-or-break criteria of receiving a loan, but this is not always the case. Reach out to a member of our team for more information.

How The Loan Process Works

Argent Credit Union makes the boat loan approval process safe, efficient, and hassle-free.

1. Submit boat loan details

The first step in the loan process is to provide all relevant loan details. Loan details include the age, make, and purchase price of the boat model in question, as well as desired term lengths.

2. Complete application details

This is the personal information section of your loan application. Inquiries may include, but are not limited to proof of income, credit history, and Equifax score.

3. Submission and reply

After your loan application is submitted, our loan officers will review your information and deliver a timely reply.

Ready to get started?

Apply Now

*Used RVs and boats can be financed for up to 100% of NADA retail value or BUC price guide. Loans cannot exceed the purchase price. Annual percentage rate for terms up to 180 months as low as 6.99%. Repayment example: 6.99% APR would equal a payment of $8.99 per $1,000 borrowed for 180 months. Rate based on credit qualifications and other restrictions may apply. Additional rates and terms available. Subject to credit approval.