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 Wednesday, April 2, 2025 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.
| 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% |
| 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% |
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.
Sample Repayment: A $50000 Boat Loan over 60 months at an APR of 6.75%, the approximate payments would be $982.00.
We offer 100% financing on our repossessed boats for qualified credit union members.
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.
How do I make payments to my Boat Loan?
You have several convenient options for making Boat Loan payments. You can easily make a Boat Loan payment by transferring funds from your Eglin FCU Checking or Savings account through our Online Banking service or Mobile App. Alternatively, you can use the External Transfers feature within Online Banking or the Mobile App to make a payment to your Boat Loan from your checking or savings account at another financial institution. If you prefer, you can request to make an Boat Loan payment at one of our Video Teller machines during business hours, or you can visit any of our local branches to make a loan payment in person. If none of these options suit you, sending your Boat Loan payment with a check via mail to Eglin Federal Credit Union, 838 Eglin Parkway NE, Fort Walton Beach, Florida 32547 is always an option. Should you need more information on loan payment options, feel free to give us a call at 850.862.0111, Option 2, or stop by one of our branch locations during business hours.
Routing Number: 263178070
*APR = Annual Percentage Rate.
