Sail away with a low interest rate boat loan from Hughes.
We’ll help you get off dry land and into the water with our competitive rates and flexible terms on new and used boat loans. Use to purchase, refinance and/or equity cash out a boat, jet ski and other personal watercraft. If you’re ready to make some waves, you can count on Hughes to be all hands on deck.Rates
10.95% APR*
Adjustable Rate
11.70% APR*
Fixed Rate
Features & Benefits
- A great fixed or adjustable rate
- Flexible terms
- Financing for new and used
- Term up to 15 years (180 months)
Flexible Terms
Up to 15 years (180 months)
Speedy Turnaround
Once we receive your application, we’ll contact you promptly to get everything finalized.
FAQ
Boat, Jet Ski & Other Personal Watercraft Loan Frequently Asked Questions
You must qualify for membership, have a credit score of at least 581. Your debt-to-income will also be evaluated as well as the loan-to-value.
You may join Hughes Federal Credit Union if you:
- Live, work, worship or attend school in Tucson
- Are employed by one of our Select Employer Groups
- Have a family / household member who is a member of Hughes: Family member – a spouse, child, sister/brother, parent, grandparent, grandchild, stepparent, stepchild, stepsister/brother, or adopted child. A household member is a person living in the same residence sharing household expenses.
- Make a small donation to one of the following community Special Interest Groups:
- Friends of the Oro Valley Public Library
- Friends of the Pima County Public Library
- Friends of the Green Valley Public Library
When you apply for a loan with Hughes, you'll be asked to provide your personal information such as name, address, Social Security number, employment information, income, U.S. citizenship status and email address.
For refinance loans, we’ll need specific vehicle information such as make, model, year, mileage and vehicle identification number (VIN).
Yes.
No.
Yes, we require full coverage insurance with comprehensive and collision deductibles of $1,000 or less.
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
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.
Disclosures
Effective Date: 10-01-2024
*Annual Percentage Rate (APR) and loan terms can affect your monthly payments. Use a Hughes Financial Calculator to calculate payment amounts for fixed rate loans.
Fixed APR Example: A loan of $40,000 for 144 months at 11.70% fixed APR will have a monthly payment of $518.02.
Adjustable APR Example: A loan of $40,000 for 144 months at 10.95% adjustable APR will have a monthly payment of $500.15.
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.
One Low Rate applies to all Hughes Federal Credit Union loans except credit builder loans; mortgage and student loans, which are offered through an outside vendor. For members with approved credit. Certain restrictions apply.
Hughes Federal Credit Union, 971 W. Wetmore Rd., Tucson, AZ 85705.