Boat, Jet Ski & Other Personal Watercraft Loans

Explore the waters with quick and easy financing options
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Boat Loans for New and Used Boats, Jet Skis, and Personal Watercraft

Whether you're buying your first fishing boat, upgrading to a pontoon, refinancing an existing marine loan, or accessing equity in a boat you already own, Hughes offers competitive rates and flexible financing options to help you get on the water sooner.

Why Choose a Hughes Boat Loan?

  • Finance new and used boats
  • Refinance your current boat loan
  • Cash-out equity options available
  • Flexible repayment terms up to 180 months for qualified borrowers
  • Competitive fixed rates
  • Local lending decisions and personalized service
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Rates

As low as 6.99% APR*

Features & Benefits

Why Boat, Jet Ski & Other Personal Watercraft Loans ?

We make it easy.

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Flexible Terms

Up to 15 years (180 months)
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Fast Response

Once we receive your application, we’ll contact you promptly to get everything finalized.  

Easy Application Process

Easy Application Process

Apply online in minutes from wherever you are.
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FAQ

Boat, Jet Ski & Other Personal Watercraft Loan Frequently Asked Questions

What are the eligibility requirements to apply for a boat loan?

To apply for a boat loan with Hughes, you must be eligible for membership and meet our lending requirements. Loan approval is based on factors such as credit history, income, debt-to-income ratio, loan-to-value ratio, and the type and condition of the collateral being financed.

If you're not already a member, you may qualify through where you live, work, worship, attend school, family relationships, employer eligibility, or membership through an approved community organization.

What information should I have ready before I apply?

When you apply for a boat loan, you'll be asked to provide personal information such as your name, address, Social Security number, employment information, income, citizenship status, and email address. If you're refinancing an existing loan, we'll also need information about your boat or personal watercraft, including the make, model, year, and identification number.

Can I finance a used boat?

Yes. Hughes offers financing for eligible new and used boats.

What types of watercraft can I finance?

Hughes offers financing for eligible boats, jet skis, personal watercraft, and other qualifying recreational watercraft.

Do you offer financing for a private party purchase?

Yes. Hughes offers financing for eligible private party purchases, including boats and personal watercraft purchased directly from an individual seller.

Can I refinance my existing boat loan?

Yes. Refinancing may help you lower your interest rate, reduce your monthly payment, adjust your repayment term, or access available equity in your boat.

Can I get cash out from my boat's equity?

Qualified borrowers may be able to access available equity through a cash-out refinance. Contact Hughes to discuss your options and determine eligibility.

How long can I finance a boat?

Flexible repayment terms are available for qualified borrowers for up to 180 months (15 years).

Are there any penalties for paying off my loan early?

No. Hughes does not charge a prepayment penalty, so you can pay off your loan early without additional fees.

Do I need insurance for a boat loan?

Yes. Boats and personal watercraft financed through Hughes require insurance throughout the life of the loan. Specific coverage requirements may vary based on the type of collateral being financed.

Do I need to notify my insurance company when I get a loan with Hughes?

Yes. You will need to provide your insurance company with the following lienholder information: 

Hughes Federal Credit Union 
PO Box 461385
San Antonio TX 78246-1385 

Phone: 1-888-667-9103
Fax: 1-866-736-9183
Website: imcovered.com/hughesfcu

Full coverage insurance is required during the full term of loan with comprehensive and collision deductibles of $1,000 or less.



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Disclosures

Effective Date: 10-01-2026

*APR = Annual Percentage Rate. The maximum APR, for any type of loan, shall not exceed the limit set by applicable law(s). The loan rate will be the rate in effect when the loan is completed. Advertised “as low as” annual percentage rates assume excellent borrower credit history. Your rate and/or term may vary depending on credit qualifications, amount financed, and other factors. The lowest rate shown is for well-qualified borrowers. All loans are subject to final credit approval.

Rates and terms are subject to change at any time. Please contact a Credit Union employee for further information.

Fixed APR Example: A loan of $40,000 for 144 months at 6.99% fixed APR will have a monthly payment of $411.14. 

All loans subject to approval. Certain restrictions may apply. Rate based on creditworthiness and subject to change. The disclosed rates are based upon your credit score and other loan qualifications. A down payment may be required. Contact Hughes Federal Credit Union for additional information. Maximum terms vary based on credit and the amount requested. 

Hughes Federal Credit Union, 971 W. Wetmore Rd., Tucson, AZ 85705.