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How do boat loans work?

A boat loan is a type of term loan, usually secured by the value of your boat. Loan terms and rates depend on a variety of factors such as your credit, income, employment history, and the type of boat.

When you get a boat loan from F&M Bank, you can expect:

  • Competitive rates on all types of watercraft
  • A wide range of financing customized to your unique situation
  • A variety of terms to choose from
  • No pre-payment penalties
  • Local decision-making and loan processing in Central Oklahoma
  • Personalized service from lenders you can trust

How long are boat loans?

We offer a range of terms to choose from, whether you’re looking for a shorter loan term (3-5 years) or a longer loan term (10+ years).

What is the average interest rate on a boat loan?

A boat loan secured by the boat itself will generally offer low interest rates depending on your credit score and other factors. Contact us to check boat loan rates.

Boat Loan Pre-Approval

Get pre-approved for your boat loan today so you can shop with confidence and enjoy greater bargaining power at the dealership. Our locally-based lenders in the Greater Oklahoma City area will sit down with you to help you determine how much you can afford to spend based on your down payment amount, the interest rate you’re approved for, and your desired loan term or monthly payment.

Get a Boat Loan from F&M Bank!

If you’re wondering how to get a boat loan, visit your nearest branch location in Edmond, Yukon, Guthrie, Kingfisher, Piedmont, or Crescent, OK. You can also use our Online Loan Application quickly and conveniently from the comfort of your home or office!

All loans subject to credit approval.