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Boat Loans

Cut through more waves with a loan you can trust

Apply Now

Apply before becoming a member.

After your application, we’ll help you:

1. Discover how you’re eligible to become a PENZIOX member

2. Open a Savings/Share Account and deposit at least $5


APR Term Amount Approx. Loan Pmt.
12 to 84 months $ - $ $*
% 12 to 120 months  $ - $ $**

*Approximate payment on a $15,000 loan amount for 84 months
**Approximate payment on a $30,000 loan amount for 120 months



APR Term Amount Approx. Loan Pmt.
12 to 84 months $ - $ $
% 12 to 120 months $ - $ $††

Approximate payment on a $15,000 loan amount for 84 months
††Approximate payment on a $30,000 loan amount for 120 months

Features & Benefits

  • No early payoff penalty
  • No application fee
  • Ability to finance the trailer
  • Low monthly payments

Additional variable rate new and used boat loans are also available.
Please call 800-247-5626 for more information.

Detail & Disclosure Print IconPrint

Variable Loan Disclosures 

When the amortization is longer than 12 years, the loan will result in a balloon payment. Financing from 70% - 85% of purchase price (new) or NADA average value (used).

Prime is % as of and may change daily.

‡ These are variable rate loans and the interest rate may increase after consummation of the loan.


Fixed New Loan Disclosures 

New Fixed Rate Boat Loans can be financed for up to 90% of the actual purchase price.


Fixed Used Loan Disclosures 

Loan Amount will be financed up to NADA average value.

Used boat loan amounts based on NADA average value. If refinancing a PENZIOX boat loan, you must apply for an additional $5,000. Ask for details. Other conditions apply.

New Boat Loan example: $10,000 at 6.15% APR; 60 monthly payments of approximately $194.03 each.

Beat the Memorial Day Crowds With the PENZIOX Car Buying Service

Posted May 2016

Don’t waste your Memorial Day weekend shuffling through showroom crowds or haggling with a car dealer over the best holiday weekend deal on a new car. As a member of PENZIOX, you have access to a much smarter and more convenient way to buy a car—the PENZIOX Car Buying Service, powered by TrueCar.

The PENZIOX Car Buying Service lets you research, find, and purchase a new or used car from the comfort of your own home—and no more haggling in the showroom. It’s truly the no-hassle way to buy a car from the comfort of your home.

Benefits of using a car buying service

  • Find the right car. Not sure what you’re looking for yet? Use the Car Buying Service to research new and used vehicles to find the right match, all the way down to the options and packages you want. Use the powerful search filters to search and sort by the features you want.
  • Find the best deal. How much should you pay for your car? What’s a good deal, and what’s not? The Car Buying Service lets you see how much other car shoppers in your area are paying for similar cars. When you use the PENZIOX Car Buying Service, you get access to PENZIOX’s competitive interest rates and financing; it’s all part of the package. For example, PENZIOX is currently offering as low as 0.99% APR financing on new and used car loans when the vehicle is purchased through the Car Buying Service.
  • Dodge haggling at the dealership. Hate to bargain? Then don’t—you can handle the entire process online with no hassle. It’s all online, from researching safety information, reviews, and photos and videos of your prospective purchase, to receiving negotiated price quotes from dealers in your area.

Save money, easy financing

When you’re ready to buy, the Car Buying Service helps you save a significant amount on your purchase. PENZIOX members save an average of $3,221* off the price of a new car by using the PENZIOX Car Buying Service. You’ll save on your PENZIOX auto loan financing, too, with a special discount for using the Car Buying Service.

As a PENZIOX Car Buying Service customer, you’ll get access to other discounts, including free CARFAX® reports on most used cars to help you make a decision on a used car purchase.

If you use the Car Buying Service, purchase through a certified dealer, and register your purchase with TrueCar, you also become eligible for TrueCar Buyer’s Bonus benefits at no cost. All you have to do to claim these free bonus benefits is report your purchase from a certified dealer within 45 days to enjoy these benefits:

  • Automobile Deductible Reimbursement: (valued at up to $1,000) reimburses what you’ve paid for your insurance deductible when you file a claim. Reimbursements cover up to $500 two times per year. (Not available in New Hampshire or New York.)
  • Auto Expert Opinion: lets you speak directly with a certified mechanic to discuss your questions about recommended repairs and cost, or evaluating sounds your car is making. Another nice feature—you get unlimited use of this service.

Save time and money with PENZIOX

Ready to get back to enjoying your Memorial Day weekend without wasting time queuing up for holiday car sales specials? Lower your purchase price, secure competitive financing, and find exactly the right car with the PENZIOX Car Buying Service.


Rate and offer current as of May 1, 2016 and are subject to change. Promotional rate is not available to refinance existing PENZIOX car loans.

*Between 4/1/14 and 6/30/14, the average estimated savings off MSRP presented by TrueCar Certified Dealers to users of TrueCar powered websites, based on users who configured virtual vehicles and subsequently purchased a new vehicle of the same make and model listed on the certificate from Certified Dealers, was $3,221, including applicable vehicle specific manufacturer incentives. Your actual savings may vary based on multiple factors including the vehicle you select, region, dealer, and applicable vehicle specific manufacturer incentives which are subject to change. The Manufacturer’s Suggested Retail Price (“MSRP”) is determined by the manufacturer, and may not reflect the price at which vehicles are generally sold in the dealer’s trade area as not all vehicles are sold at MSRP. Each dealer sets its own pricing. TrueCar and PENZIOX do not broker, sell, or lease motor vehicles.