Boat Loans
Chart a new course as the captain of your own boat! Embark on your next
adventure with our flexible boat loans, which make ownership easy and affordable.
Apply today for a competitive rate and terms that work for your budget.
Discover Freedom and Adventure on the Open Water
Navigate your way to boat ownership with a boat loan from San Francisco FCU. Set sail on the ocean around the Bay area, or go fishing on the local lakes—the choice is yours! Apply for our flexible and affordable boat financing today to hit the water fast so you can start making new memories with friends and family.
Experience Smooth Sailing with These Boat Loan Benefits
Up to 100% Financing
Skip the down payment and hit the water faster by financing the full amount of your boat.
No Payments for 90 Days
Take some time to enjoy your new boat before the first payment is due.
Flexible Terms
Flexible terms of up to 15 years are available to give you monthly payments that work for your budget.
Loan Pre-Approval
Find out how much you qualify to borrow to help you find the perfect boat.
Let Us Help You Cruise into Boat Ownership
Boat ownership may be easier than you think! Our loan application just takes a few minutes to fill out, and we’ll give you a quick loan decision to help you get on the water faster. We also offer up to 100% financing, so you don’t have to wait to save for a down payment.
Ready to splash into savings? Apply today to take advantage of our competitive rates and flexible terms to get payments you can afford.
Additional Features of Our Credit Union Boat Loans
Skip-a-Payment Option
Is money tight? Take a month off from your payments with our Skip-a-Payment Program (certain conditions apply).
Competitive Rates
Take advantage of our competitive boat rates and terms to save on the total cost of your loan.
Affordable Payments
We’ll work with you to help you get a monthly loan payment that you can afford.
Fast Approvals
Spend less time waiting and more time on the water! We’ll give you a quick loan decision so you can enjoy your new boat faster.
Easy Loan Application
Our loan application process is short and simple so you can spend less time on paperwork and more time on the water.
Personalized Service
Our members are our top priority, and we’ll support you throughout the loan process and beyond.
Applying Is as Easy as 1-2-3!
Apply Online
Already a member? Fill out our short online application or drop by a local branch.
01
Application Review
We’ll review your application, crunch the numbers, and reach out to you with a loan decision.
02
Get Your Funds
Review the terms and finalize your loan to get the funds to purchase your new or used boat.
03
Member Reviews
Why Choose San Francisco FCU?
At San Francisco FCU, you’re more than an account number — you’re a valued member! We’re a nonprofit organization, and our members are the owners. We provide personalized service to help you achieve your financial goals and also offer the lowest rates and fees possible to help you save.
In addition to our boat loans, we can also serve all of your banking needs. Become a member today to experience banking that puts your needs first. Experience the credit union difference!
San Francisco Federal Credit Union Boat Loan FAQ
Many different types of boats qualify for financing, including fishing boats, pontoons, sailboats, catamarans, trawlers, deck boats, high-performance boats, and others.
Yes, many used boats qualify for marine financing. It depends on the age, condition, and current value of the boat you are considering.
There’s no need to save for a down payment. We offer up to 100% financing for boats to help you get in the water faster. A down payment will reduce the amount you have to borrow, however, and will help you save money on the total cost of your loan.
We offer boat financing terms of up to 15 years. We’ll work with you to get a loan term that fits your budget. 15 year boat loans help to make your monthly payments affordable.
A credit score of at least 650 is preferred for boat financing, but other scores will be considered. We take a “big picture” approach to loan approvals, and your credit score is one of several factors that will be considered. We will also consider your debt-to-income ratio (current debits), employment history, income, and other factors when making a loan decision.
The boat you are buying serves as the collateral for the loan. No additional collateral is needed.
Membership is open to anyone who lives, works, worships, or attends school in San Francisco or San Mateo counties. It’s also open to anyone who is a relative of a current member, which is defined as spouses, children, sisters, brothers, grandparents, grandchildren, step-relatives, and adoptive children. If you are not eligible through the previous requirements, you can establish your membership through a qualifying organization like MyPath. Currently, non-permanent U.S. residents are not eligible for membership unless a loan is submitted/approved concurrently.