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Is there anything like getting out on wide-open waters?

In our part of the country, we’re blessed with lakes and access to great vacation spots. Central Bank helps finance the fun with a variety of loans for new and used boats. We offer competitive rates and terms that can make owning a boat more affordable than you think.

Boat loans from Central Bank feature:

  • Flexible financing options for new and used watercraft
  • Quick approvals and potential discounts for Central Bank checking customers
  • Low interest rates and repayment terms reflecting the longer lifespan of watercraft

What types of boat loans do you offer?

We offer dealer purchase loans, refinancing and lease buyouts for every type of vessel: from bass boats to wakeboard boats to cabin cruisers or yachts.

What are the terms of a boat loan – the same as a car?

Many boats have long lifespans, so accordingly, many boat loans have longer lifecycles. This makes them eligible for relatively low interest, low monthly payment terms.

Who is eligible to get a boat loan through Central Bank?

Applicants must be 18 years or older.

Can I be approved before I select a boat?

Sometimes, yes. In the instance of a dealer purchase loan, collateral information is not needed prior to a loan decision. In the instance of refinancing or lease buyouts, information (make/model, hours) will be needed.

Can I refinance my existing boat loan through Central Bank?

Yes. Central Bank can refinance.

Is there a required down payment?

Boat loan down payments are evaluated on a case-by-case basis.

Are there particular dealers through which I can purchase?

Central Bank does business with dealerships across central and northwestern Iowa. Just let your Central Bank representative know which dealer you would like to purchase from.

Alicia Hale's Image

Alicia Hale

Branch Manager II | NMLS#950194

Location: Des Moines Drake Branch

Work Phone: (515) 279-8090

Amy Chace's Image

Amy Chace

Vice President, Branch Manager II

Location: Sioux City Hamilton Branch

Work Phone: (712) 233-2929

Brian Dooley's Image

Brian Dooley

Branch Manager II | NMLS#1444041

Location: West Des Moines Ashworth Branch

Work Phone: (515) 222-0731

Carolyn Yockey's Image

Carolyn Yockey

Vice President, Branch Manager II

Location: Sioux City Morningside Branch

Work Phone: (712) 276-3135

Chris Jenness's Image

Chris Jenness

Assistant Vice President, Mortgage Loan Officer | NMLS#493730

Location: Cherokee Main Office

Work Phone: (712) 225-2546

Dustin Pohlman's Image

Dustin Pohlman

Assistant Vice President, Personal Banker II/Head Teller/Assistant Cashier

Location: Spirit Lake Main Office

Work Phone: (712) 336-4100

Hilary Budde's Image

Hilary Budde

Personal Banker II/Head Teller

Location: Sioux City Hamilton Branch

Work Phone: (712) 233-2929

Jennifer Brown's Image

Jennifer Brown

Branch Manager II | NMLS#1138317

Location: Ankeny Main Office

Work Phone: (515) 473-7033

Jenny Yates's Image

Jenny Yates

Personal Banker II/Head Teller

Location: Sioux City Morningside Branch

Work Phone: (712) 276-3135

Nancy George's Image

Nancy George

Personal Banker II

Location: Sioux City Main Office

Work Phone: (712) 293-2265

Steve Boden's Image

Steve Boden

Vice President, Retail Banking/Cash Management Manager

Location: Sioux City Main Office

Work Phone: (712) 293-2265

Tim Matasovsky's Image

Tim Matasovsky

Personal Banker II

Location: Sioux City Main Office

Work Phone: (712) 293-2265

William Boord's Image

William Boord

Assistant Vice President, Branch Manager II | NMLS#523274

Location: Urbandale Main Office

Work Phone: (515) 254-9000

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You are leaving the Central Bank website. We are not endorsing or guaranteeing the products, information or recommendations provided by the organizations linked to our website. We are not liable for any failure of products or services advertised on those sites. We are not responsible for the validity, collection, use or security of information by organizations that may be linked to our website. We encourage you to read the privacy policies of websites reached through the use of links from the Central Bank website.

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