Boat Loans

Get on the water without capsizing your budget with a First Federal boat loan. Our low rates and flexible terms make fun more affordable.

Whether you have your eye on a shiny, new vessel or prefer a pre-owned option, we have the financing to meet your needs. Get pre-approved for extra bargaining power at the dealership. We’ll even lower your rate just for setting up automatic payments — making it easier to add all those upgrades.

Summary
  • Competitively low rates on new or used boats
  • Variety of terms available up to 10 years
  • Pre-approval available for extra bargaining power
  • 0.25% rate reduction with Auto Pay
  • Financing available whether you buy from a dealership or an individual
  • Local Northeast Ohio decision-making and processing
  • Attentive, friendly service from start to finish
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 as long as there are available funds in the First Federal deposit account

*0.25% 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.