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My Pensacola CU wants to help you achieve the best (and lowest) monthly payment on your Boat Loan. We offer some of, if not the most competitive rates and term options around so when you refinance an existing loan from another lender, or look to purchase a new or used boat — My Pensacola CU makes the process easy by saving you time and money.
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Our competitive rates make for low monthly payments.
Additional rates & terms up to 120 months.
Up to 90 days until your first payment & Skip-A-Pay options**.
Easy online application process; local decisioning.
Get pre-approved up to 30 days before loan closing.
Rates and terms same for new and used (up to 10 years old)*.
Simply click here to get started or apply via Online or Mobile Banking.
Just click here to apply, get qualified, then your loan makes you a member!
If you have any questions or problems with applying, please contact us.
Stop by an office or receive an email — we'll do the final closing in-person or electronically.
Pick your level of protections from GAP, MRC, Credit Life, and/or Credit Disability.
Your designated Personal Loan Officer will contact you directly to help complete your loan your way.
As a benefit to My Pensacola CU membership, if you are not sure about the mode of transportation you want and don’t have the time to go from dealer to dealer, you can shop, research, find the value of your current car or toy or the one you're interested in, even get protection options!
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DISCLAIMERS
*Rates and loan terms subject to credit approval. Other conditions may apply. Membership eligibility required. Rates are subject to change without notice. Contact the credit union for full details.
Payment Example: A $25,000 boat financed at 5.79% Annual Percentage Rate (APR) for a 66-month term – estimated monthly payments of $444 or $18.00 per $1,000 borrowed.
Requirements: Loan will be approved through normal underwriting guidelines.
Eligible Loan Types: New and Used Boats.
Loan Amount: Loan amounts will vary based on credit, income, employment, etc. My Pensacola CU will work to help find an amount with a payment you are comfortable with.
**Repayment Terms: Terms will vary by loan type, loan amount, credit score, collateral value, age and mileage up to maximum terms of 86 months with up to 90 days before your first payment. Members are allowed the option to skip up to two (2) qualifying loan payments within every 12-month period for a $30 Online or Mobile Banking Skip-A-Payment fee, or a $40 in-person or via phone Skip-A-Payment fee. Interest still accrues on any skipped loan payments. Contact the Credit Union for full details.
Interest Rates: Rates are determined by the member’s credit score, the loan term, age of boat, mileage and Loan-to-Value (LTV) of the vehicle.
Fees: There are no processing fees.
Early Payoff Penalty: None.