Boat Loans
Visit us before you get on the water.
Make some waves with a boat loan from First Commercial Bank. Our financial craftsmen will work with you to help you purchase a new or used watercraft—or even refinance a current loan. And with quick approvals, you may as well visit the branch with your boat shoes on.
FEATURES OF A BOAT LOAN:
- Competitive interest rates
- No prepayment penalties
- 100% financing available for qualified customers
- Simple loan application
- Low fixed rates
- A variety of terms available on new and used boats
- Up to 0.50% rate reduction for qualified customers1
We look forward to helping you with your boat financing. Here's what you need to qualify:
- Be 18 years or older
- Be a U.S. citizen or permanent resident alien
- Open to Michigan residents only
- Non-individual borrowers are not eligible. Other underwriting conditions may apply.
FAQs
There are two convenient ways to apply:
- Call or visit any Michigan First Commercial Bank branch
- Call +1(601) 282-9653 toll free
Please see NADA Boat Pricing.
Yes. Take advantage of First Commercial Bank's competitive rates and save.
Loans are available for boat models that are 10 years old or newer. We do not finance:
- Boats built and used exclusively for racing
- Non-production boats
- Wooden boats
- Damaged boats or boats purchased for reconstruction
- ID Verification
- Income verification
- Signed purchase agreement (if applicable)
- Copy of title (if private seller)
- Proof of insurance
At a local branch. We make it easy to find a branch near you and to schedule an appointment with a First Commercial Bank representative.
The funds will be available at the time of closing.
Please see Privacy Notice.
You may also be interested in:
$100 origination fee.
Programs subject to change without notice. Underwriting terms and conditions apply.
1First Commercial Bank deposit account required with recurring ACH loan payment. Only loans originated directly with First Commercial Bank are eligible.