| Boat Loans
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Farm Bureau Bank boat loans Boat Loans

Have some fun in the sun out on the open water with a Farm Bureau Bank boat loan.


Farm Bureau Bank offers low rates for your boat loan plus a Farm Bureau Member Rewards MasterCard® at the same time, if applicable. Check out our rates if you are buying a new, used or refinancing your current boat from another creditor.

  • Up to 100% financing
Loan Options
  • New boat purchase from dealer
  • Used boat purchase from dealer
  • Refinance your current boat
  • Purchase from individual
Application Fee None

Guaranteed Asset Protection (GAP)

GAP eliminates or reduces "out of pocket" expenses for the remaining loan balance after a total loss or unrecoverable stolen collateral. Without GAP you would be responsible for paying the difference between the insurance settlement and the outstanding loan balance.

A one-time fee of (see chart below) will provide GAP coverage for the life of your Farm Bureau Bank vehicle loan with the peace of mind.

GAP Pricing
Collateral Max Loan Balance Price
Autos & light trucks up to $100,000 $349
Motorcycles, ATVs, golf carts, snowmobiles & jet skis up to $50,000 $349
RVs & watercraft up to $24,999
$25,000 - $49,000
$50,000 - $125,000
Motor homes up to $24,999
$25,000 - $74,999
$75,000 - $125,000

GAP claim coverage does not extend to cover amounts from payments that are delinquent, extended or skipped (Holiday Skip Program) during the term of the loan. Maximum MSRP/NADA coverage: 125%. Limit of liability: $50,000.

** The purchase price for GAP may be fully refunded within 60 days of the effective date of coverage

* Rates disclosed as Annual Percentage Rate (APR) and Annual Percentage Yield (APY). Farm Bureau, FB, and the FB National Logo are registered service marks owned by, and used by Farm Bureau Bank FSB under license from, the American Farm Bureau Federation. Farm Bureau Bank FSB is a service-to-member institution which provides banking services to Farm Bureau members and others in participating states. Services are not available in the following states: IL, KS, MI, MO, NJ, NY, OH, and WY.