Buy or Refinance a Boat

A person with that got a boat loan with UFCU.

University Federal Credit Union Will Help You Set Sail!

Get Pre-Approved for Utah Boat Loans Right Now

If you need a boat finance loan in Utah, UFCU has your back. It's plain sailing from here!

Our boat loans cover sailing boats, fishing boats, houseboats, and more. We provide you with the financing you need so you can enjoy the great outdoors.



How Does a Boat Loan Work?

A brand new boat could cost anywhere from $10,000 to $100,000+. Most people don’t make purchases of that size with cash and, instead, will apply for a boat loan in order to finance their purchase.

A boat loan provides financing to purchase a boat. Just like any other type of financing, the loan-holer pays off the loan amount (and interest on the loan) over an agreed upon timeframe.

You can also take out a boat loan to purchase a used boat.

How Does Boat Refinancing Work?

If you have taken out a boat loan in the past, you can refinance your boat. This means revising and/or replacing the current terms on your boat loan on more attractive terms that might reduce your interest rate and payment amount. There are lots of benefits to refinancing a boat loan in Utah:

  • Benefit from a lower interest rate
  • Spread the cost of your boat loan over a longer period
  • Receive up to 100 percent financing. (This means you can apply for a loan against your boat and use the money for something else.) 

How Does Boat Refinancing Work?

Applying for a boat loan or refinancing an existing boat is a simple process. You can contact UFCU by phone or online, or visit one of our local branches


apply FOR A BOAT LOAN   


What Boat Types Can I Finance/Refinance?

  • Deck boats
  • Fishing boats
  • Housing boats
  • Catamaran boats
  • Trawler boats
  • And much more

How Long Can You Finance a Boat For?

Boat loan terms are dependent on many factors that will be unique to your purchase (like loan amount, down payment amount, and credit score) but terms could be as long as 240 months (20 years). This means you have a much longer repayment period.

What are the Interest Rates on a Boat Loan?

The interest rate you pay on your loan depends on your loan terms and current market rates.

With our highly competitive boat loan interest rates, UFCU helps you finance or refinance a brand new or used boat. You can learn more about our current rates below.



Searching for Boat Finance in Utah?

Whether you want to finance a boat or refinance an existing boat, we can pre-approve your loan. You can then decide whether to proceed with the loan application.

University Federal Credit Union is one of the largest boat financiers in Utah. As a reputable member-owned financial institution, we provide people like you with affordable loans, insurance, and financial planning. Call us at (801) 481-8800, apply online below, or visit us in a branch today to find out more.



*Loans subject to credit approval. Amount approved for financing may require a down payment. For example a loan approved at 90% of value would require a down payment of 10%.
**Length of term and rate will determine the total interest you will pay over the life of the loan. For example, a 60 month auto loan at 2.64% for $10,000 would result in a monthly payment of approximately $178.10 and total interest charges of approximately $685.83. See current rates and terms.