Refinance Your JSC Loan

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  • Benefits/Good to Know
  • Finance Your Boat
  • Tools
  • FAQs


  • Competitive interest rates
  • No penalties if you choose to pay off your loan early
  • Low-cost optional payment protection insurance
  • Free online loan calculators
  • Convenient payment options

Good To Know

Loan Payoff:

If we processed the title work electronically, we will contact Texas DMV to release our lien. 10 business days after the loan is paid off, the title will be mailed to the address on record.

If your title was not processed electronically, JSC FCU will mail the title 10 business days after the loan is paid off to the address on record.

GAP (Guaranteed Auto Protection) Insurance

GAP Insurance helps pay off your remaining loan balance if your boat is stolen or damaged, and is deemed to be a total loss. GAP Insurance bridges the "gap" that can occur when the unexpected (accident or theft) happens to your boat. It bridges the amount you owe and the amount your boat insurance covers for your boat.

Benefits Include:

  • Protection for the term of your loan up to 84 months.
  • Coverage for boats financed up to $100,000.

You may even qualify to add the cost of GAP to your loan. Please contact  JSC FCU representative for more details.

Finance Your Boat

JSC FCU offers extremely competitive interest rates and terms for both new and used boat. Use this guide to apply for a loan, find your vehicle and to finalize your loan – we even explain the process in between so you know exactly what’s needed to expedite the process.

Use the print icon located at the top right to conveniently print the provided information.

  • What you will need to provide at application:
    • Personal contact & employment Information
    • Proof of Income
      • W2
      • Pay Check Stub
      • Self Employed: Two years of tax returns
    • Collateral Information (Optional) list specific information including Loan Type 
      • VIN Number
      • Year/Make/Model
      • Mileage
      • Color
      • Features
    • Loan Term
    • Amount Requesting if adding on to your loan
    • Down payment (if applicable)
  • Member will receive a pre-approval letter (email for online apps) from a loan officer/processor. This will be your point of contact for your loan closing.
Prior to Loan Closing
  • For online closings,
    • If there is a change in ownership on the title, Member will be emailed a Power Of Attorney (PWD 1055 ) form to be signed and notarized by all parties listed or are being added to the title. Because the State requires original signatures, the POA form should be mailed or dropped off in person to your loan processor.
    • Email/fax Current State Current Photo ID  (All parties listed on title)
  • For in-branch closings, member should contact their loan officer to schedule a closing appointment.
In-Branch Loan Closing
  • Member and all parties listed on the title must be present.
    • Documents to bring to closing
      • Insurance ID Card
      • Current State Issued Photo ID€“ (All parties listed on title)
  • Member chooses optional products:
    • Guaranteed Auto Protection (GAP) Insurance
    • Credit Life / Disability Insurance
  • Member chooses payment options
    • Mail payment coupons
    • Scheduled Transfer
    • {tip An ACH (Automated Clearing House) is an automatic payment that debits one financial institution to credit or make payment at another financial institution. An ACH may be used to make a JSC FCU loan payment. You will need the routing number and account information for the other financial institution. The ACH payment must be filed within five (5) business day prior to the loan due date.}ACH payments (from another financial institution)
    • Electronic Transfer




How many years can I finance a boat loan? 

You may be able to finance a boat loan for up to 15 years. Please contact a JSC FCU representative for more details.

When can I refinance my current JSC FCU boat loan? 

The loan will need to be financed with JSC FCU for at least 1 complete year in order to refinance.

How much does it cost to refinance my current JSC FCU boat loan? 

There is no refinance fees to refinance a boat loan.

Is there a pre-payment penalty on boat loans? 

No, you may pay your loan off at any time.

How do I know if my loan is approved? 

You will be contacted by the loan officer assigned to your application.

How long does it take to get a loan approved once the application has been turned in? 

Loans are typically approved the same day.

How is interest calculated on a boat loan? 

Divide the interest rate by 365 days (# of days in a year), multiply by the principal balance (this gives you the per diem), then multiply that by the number of days from payment to payment. Interest is calculated daily on the unpaid principle balance of the loan.

Do you offer credit life and disability insurance on boat loans? 

Yes, we offer credit life and disability insurance on our boat loans.

How long does it take to get my title back when I've paid off my loan? 

Titles are mailed out within 10 business days of loan payoff. However, if you need your title more quicker, you can come to the Main Office Loan Department and pickup it up the day the loan is paid off as long as you pay the loan off in cash or by transfer from a share account.

If your title was processed electronically, we will not be able to expedite the title. 

Does my name have to be on the title? 

Whoever is on the loan can be on the title.

Title requirements are subject to change due to each individual loan scenario.


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