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Feel the need to escape to the great outdoors? Let Tower help you finance a new boat, motorcycle, RV, and other vehicle types; so you can set off on your next adventure. We offer great, low rates and flexible terms that’ll fit any budget.

Boat Loans and Personal Watercraft

Low Boat Loan Rates as low as 3.24% APR* new, or 3.74%* used. See all rates.
Rates as low as 7.04% APR* for personal watercraft (jet skis, etc.). See all rates.

Purchase or Refinance
Have a passion for boating? Maybe you’re looking to cruise around leisurely? Are you hooked on fishing or is sailing more your style? Or perhaps speed is your thing—you’re looking for a personal watercraft (jet skis, etc.).

If you’re looking to hit the water in the perfect boat for you and your family, Tower has the loan for you—new or used. Or refinance your current boat loan to a lower rate, with terms to meet your needs. We specialize in boat financing—we’ll make your powerboat and sailboat dreams come true!

There are multiple loan options to choose from, depending on the size and cost of your boat. Loan amounts are available up to $100,000 with terms up to 144 months. Just tell us what you want and we’ll show you how much boat you can afford.
It’s that easy.

  • Low rates
  • Up to 100% financing with little to no money down*
  • Flexible terms up to 144 months (personal watercraft loan financing up to 72 months)
  • Loan Payment Protection available

Apply for a Loan

*Annual Percentage Rates effective: 5/29/2020 and are subject to change. Loans for Boats not available in all states. Lowest rate includes 0.25% discount for enrollment in automatic loan payments. Not all applicants will qualify for the lowest rate. Rates, terms, and conditions vary based on credit worthiness and loan approval. Other conditions including acceptable collateral apply.
A $35,000 new boat purchase for 144 months at 8.50% APR would have monthly payments of $388.65. Includes a 0.25% discount for enrollment in automatic monthly loan payments.
‡A new personal watercraft purchase for 72 months at 7.29% would have monthly payments of $257.85. Includes a 0.25% discount for enrollment in automatic monthly loan payments.
Boat loans not available in the following states: Alabama, Alaska, Arkansas, Arizona, Colorado, Connecticut, Delaware, Georgia, Hawaii, Kansas, Kentucky, Louisiana, Maine, New Hampshire, North Dakota, Tenessee, Wyoming.

Motorcycle and RV Loans

  • Low rates
  • Up to 100% financing with little to no money down*
  • Flexible terms up to 144 months (motorcycle loan financing up to 60 months)
  • Loan Payment Protection available

Apply for a Loan

*Annual Percentage Rates effective: 5/29/2020 and are subject to change. Loans for Boats not available in all states. Lowest rate includes 0.25% discount for enrollment in automatic loan payments. Not all applicants will qualify for the lowest rate. Rates, terms, and conditions vary based on credit worthiness and loan approval. Other conditions including acceptable collateral apply.
A $44,000 new recreational vehicle purchase for 144 months at 9.00% APR would have monthly payments of $500.72.Includes 0.25% discount for enrollment in automatic monthly loan payments.
‡A $10,000 new motorcycle purchase for 60 months at 3.49% APR would have monthly payments of $181.90. Includes 0.25% discount for enrollment in automatic monthly loan payments.

Use our free calculators to help you decide how much you want to spend.

Interested in financing a different type of vehicle? We also offer other types of secured loans.

Current Rates

New Boats
Term
(in months)
APR%
(as low as)
Monthly Payment
(per $1,000 borrowed)
363.24$29.19
483.24$22.24
603.24$18.08
723.24$15.30
845.75$14.49
1208.25$12.27
1448.50$11.10
Used Boats
Term
(in months)
APR%
(as low as)
Monthly Payment
(per $1,000 borrowed)
363.74$29.41
483.74$22.46
603.74$18.30
723.74$15.53
846.25$14.73
1208.75$12.53
1449.00$11.38
Rates effective: 5/29/2020
APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments.
New Motorcycles
Term
(in months)
APR%
(as low as)
Monthly Payment
(per $1,000 borrowed)
363.24$29.19
483.49$22.35
603.49$18.19
Used Motorcycles
Term
(in months)
APR%
(as low as)
Monthly Payment
(per $1,000 borrowed)
363.99$29.52
483.99$22.57
603.99$18.41
Rates effective: 5/29/2020
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments.
New Recreational Vehicles *
Term
(in months)
APR%
(as low as)
Monthly Payment
(per $1,000 borrowed)
363.2429.19
483.7422.46
603.7418.30
723.74$15.53
846.25$14.73
1208.75$12.53
1449.00$11.38
Used Recreational Vehicles *
Term
(in months)
APR%
(as low as)
Monthly Payment
(per $1,000 borrowed)
364.24$29.63
484.24$22.69
604.24$18.53
724.24$15.75
846.75$14.97
1209.25$12.80
1449.50$11.66
Rates effective: 5/29/2020
APY = Annual Percentage Yield. APR = Annual Percentage Rate.
Rates are subject to change. Loan rates are based on your creditworthiness. Lowest rate qualification also requires automatic monthly loan payments.
* Recreational Vehicles are vehicles which are driven and are equipped with living quarters. For other secured loans (i.e. travel trailers), please see the Other Secured Loan rates.

Not a member of Tower Federal Credit Union yet? See if you are eligible to join!

For further assistance, please visit a branch or call our Member Service Center at 301-497-7000 or 866-56-TOWER.