Boat Loans

Boat Loans

The day you buy a boat is the first day of the rest of your life...and suddenly you're the most popular person around. First Federal can help you get off to a great start with a favorable boat loan.

We offer competitive rates on new and used boats. Our approval process is fast and easy. We can even get you pre-approved for more buying power. Set up automatic payments and we'll reduce your rate even lower.

Summary
  • Competitive rates
  • Quarter-percent rate reduction for automatic payments
  • Available for new and used boats
  • Terms up to ten years
  • Local decision-making
  • Fast, easy approval process
  • Pre-approval available
  • Personalized service at every step
  • Can secure loans whether buying from dealership or individual

Check out our current rates.

Auto Pay

This free, automated service not only makes loan payments easier than ever, it actually reduces your loan expense.

  • Loan payment automatically deducted from First Federal checking or savings account
  • Interest reduced by quarter-percent*
  • Reduced interest reduces your monthly payment
  • You select the payment date**
  • Free and convenient
  • Assured payment protects your credit rating

*¼ percent rate reduction only available at loan origination on auto, boat, recreational vehicle, personal unsecured loan, and home equity fixed rate mortgages with an automatic deduction from a First Federal deposit account. Consult your Financial Service Representative and/or Lender for more information.

**From the payment date up to the last day of the grace period.

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