Boat Loans

There's nothing better than a day on the water.

Getting a boat loan from Suffolk Credit Union? It's the definition of smooth sailing.

Skim across the waves. Sail into the sunset. Or sunbathe on the deck. There are endless ways to enjoy the Sound, the ocean, and our rivers.  

Competitive rates

Discounts with automatic payments

Easy online application

With our flexible repayment periods, you can keep your monthly payments in check and make boat ownership more affordable. 

When it comes to choosing a boat, you do you. And we'll be right here to provide the financing you need to put the "pleasure" in your pleasure craft or the trout and bluefish in your fishing vessel.

  • Financing for new and used boat purchases 
  • For new boats, loans of up to 80% MSRP or the purchase price, whichever is less (may include sales tax and title)
  • For used boats, loans of up to 80% NADA book value, appraised value or purchase price, whichever is less (a marine survey may be required, with borrower responsible for any fees)
  • Flexible repayment periods of up to 240 months*
  • Competitive rates; loan discounts with automatic payments through Share Transfer
  • Physical Damage Insurance required

You must be an existing member or qualify for membership in order to complete a Boat Loan application at Suffolk Credit Union. Membership is open to anyone who lives, works, worships, attends school or regularly conducts business in the towns of Babylon, Brookhaven, Huntington, Islip, Riverhead, Smithtown, or Southold, or the Poospatuck Reservation, or Nassau County, NY, as well as immediate family members of current membership.

Financial Education

Tips to tune-up your financial plan.

Loan subject to credit approval.

*APR=Annual Percentage Rate. Rates and terms are subject to change without notice. Up to 80% Financing on new boat loans. Terms greater than 60 months require minimum loan of $20,000.   Example:  7.24% APR for 60 months, the estimated monthly payment of $19.91 per $1,000 borrowed. Subject to credit approval. Program not available for refinancing. $5 membership fee required.