Boat at dock

Boat Loans

New Boat Loans

Amount Financed Available Term
Less than $35,000 Up to 60 months
$35,000 or more Up to 60 months financing (up to 180 months amortization)
  • Eligible boat—new, current and prior year
  • Loans with greater than 60 months amortization will have a balloon payment due at the end of the 60 month loan term at which time the loan may be renewed and paid out over the remainder of the original amortization schedule
  • Minimum term—one year
  • Bank will lend up to 90% of MSRP
  • Loan approvals are 30 day commitments
  • Rate reduction of 0.25% with automatic payment from Busey Bank deposit account
  • IL, IN, MO residents, no closing costs
  • FL residents, bank covers all costs except FL Doc Stamps
 
2021 is considered current model year.
Should your loan be approved, additional paperwork and/or information will be required.
Pricing based on credit score.
 
 

Used Boat

Less than $35,000 financed
Boat Age Available Terms
1-2 model years old Up to 60 months financing - fully amortized
3-4 model years old Up to 48 months financing - fully amortized
5-10 model years old Up to 36 months financing - fully amortized
 
$35,000 or more financed
Boat Age Available Term
1-2 model years old Up to 60 months financing - fully amortized or 5 year balloon with a maximum 15 year amortization period
3-4 model years old Up to 48 months financing - fully amortized or 5 year balloon with a maximum 15 year amortization period
5-10 model years old Up to 36 months financing - fully amortized or 5 year balloon with a maximum 10 year amortization period

  • Eligible boat—10 model years or newer
  • Loans with greater than 60 months amortization will have a balloon payment due at the end of the 60 month loan term at which time the loan may be renewed and paid out over the remainder of the original amortization schedule
  • Amortization greater than the corresponding fully amortized terms require minimum loan amount of $35,000 and qualifying credit score
  • Minimum term—one year
  • Loan approvals are 30 day commitments
  • Bank will lend up to 90% of NADA Retail
  • Rate reduction of 0.25% with automatic payment from Busey Bank deposit account
  • No salvaged titles, re-built engines, converted buses, or homemade travel trailer kits
  • IL, IN, MO residents, no closing costs on purchase-money transactions
  • FL residents, bank covers all costs except FL Doc Stamps for purchase money transactions

2021 is considered current model year.
Should your loan be approved, additional paperwork and/or information will be required.
Pricing based on model year and credit score.