Alaska and the Pacific Northwest offer virtually limitless opportunities for year-round recreational activities.  And, it's more fun to play when you have all the right toys.  No matter where you live, Alaska USA has loan programs for all the vehicles you need for your outdoor fun.

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Boat & Vessel Loan Guideline

1. Maximum Amount:

New - Normally, 85% of purchase price.
Used - Normally, 85% of the lesser of: (a) purchase price or (b) value as determined by an accepted appraisal or survey.
100% financing available for qualified applicants.

2. Maximum Term:

• 240 months when loan value exceeds $70,000 with a 180-month balloon payment.
• 180 months when loan value exceeds $25,000.
• 144 months when loan value exceeds $15,000.
• 120 months when loan value exceeds $10,000.
• 84 months when loan value exceeds $5,000.
• 60 months on all others.

3. Type of Lien:

Security Agreement / UCC Filing / preferred marine mortgage, as required.

4. Annual Percentage Rate:

Periodically established by Board of Directors based upon current money market conditions.  Differential rates may be established by the Board of Directors based upon the repayment term of the loan and the credit qualifications of the borrower(s).

5. Inclusion:

All boats, vessels, outboard motors, and personal watercraft, regardless of size.

6. Restrictions:

Maximum terms on personal watercraft and outboard motors purchased separately will normally not exceed 72 months. For loans less than $25,000, the age of the collateral plus the term of the loan will not normally exceed 20 years.

This guideline is approved by the Board of Directors and is effective January 31, 2007 .