Living in Southeast Alaska means dealing with transportation challenges. It also means there is no end to the list of recreational opportunities waiting for the adventurer in us all. You can rely on the local lending professionals at Alaska Pacific Bank for your next loan; you'll get the support and quick decisions you need. Soon, you’ll be driving that big new pick-up, vacationing in your RV, or piloting your own plane. We’re your source for competitive rates and ongoing local service.

We Offer Several Types of Vehicle Loans

•	Auto Loans
•	Recreational Vehicle Loans
•	Recreational "Toy" Loans
•	Boat Loans
•	Aircraft Loans

Auto Loans

Don't spend time shopping for a loan as well as a car—Alaska Pacific Bank makes getting a loan easy. Get your loan pre-approved before you go shopping and get the bargaining power you deserve. We finance both new and used vehicles.  Contact us for rates and terms.

Vehicle Age	Maximum Term	Interest Rate	Annual Percentage Rate
*	84	5.99%	6.094%
*	84	6.49%	6.595%
up to 10 years	72	6.99 - 7.49%	7.112% - 7.613%
up to 7 years	48	8.49%	8.780%

Financing on approved credit. Actual rate and payment are subject to change. Down payment may be required. For example, a loan of $25,000 for 84 months at 6.595% APR would require 84 monthly payments of approximately $371.20 each.

Boat Loans

Because boat loans can come in just as many styles and sizes as boats do, it's sometimes difficult to find a bank that can serve your needs. At Alaska Pacific Bank, we pride ourselves on making life easier for our customers. So we offer great rates and flexible repayment terms. Plus, with our pre-approval program, you can be on the water in no time. We finance both new and used boats.  Please call us for details.

New Boat:

Loan Amount	Maximum Term	Interest Rate	Annual Percentage Rate
$10,000 - $25,000	120	6.75% - 8.25%	6.828% - 8.332%
$25,001 - $50,000	144	6.75% - 8.25%	6.787% - 8.289%
$50,001 - $100,000	180	6.75% - 8.25%	6.769% - 8.271%
Over $100,000	180 or 240 w/ 5 year balloon	P + 2 Fixed (min 6.50%)/P +1 Floating (min 6.99%)	6.649% - 7.140%

P = Prime Rate, variable rates are based on the Prime Rate as published in The Wall Street Journal and is subject to change. Financing on approved credit. Actual rate and payment are subject to change. Down payment may be required. For example, a loan of $50,000 for 144 months at 7.538% APR would require 144 monthly payments of approximately $527.80 each.

Used Boat:

Loan Amount	Maximum Term	Interest Rate	Annual Percentage Rate
$10,000 - $25,000	120	7.00% - 8.50%	7.079% - 8.583%
$25,001 - $50,000	144	7.00% - 8.50%	7.037% - 8.540%
$50,001 - $100,000	180	7.00% - 8.50%	7.019% - 8.521%
Over $100,000	240	P + 2 (min 6.50%) or 6.99% fixed	6.649% - 7.140%

P = Prime Rate, variable rates are based on the Prime Rate as published in The Wall Street Journal and is subject to change. Financing on approved credit. Actual rate and payment are subject to change. Down payment may be required. For example, a loan of $50,000 for 144 months at 7.789% APR would require 144 monthly payments of approximately $534.59 each.

Recreational Vehicle Loans

Loan Amount	Maximum Term	Interest Rate	Annual Percentage Rate
$10,000 - $15,000	60	8.50%	8.739%
$15,001 - $25,000	84	8.50%	8.610%
$25,001 & Over	120	P + 3%, minimum of 8.50%	8.570%

P = Prime Rate, variable rates are based on the Prime Rate as published in The Wall Street Journal and is subject to change. Financing on approved credit. Actual rate and payment are subject to change. Down payment may be required. For example, a loan of $25,000 for 84 months at 8.610% APR would require 84 monthly payments of approximately $396.03 each.

Recreational "Toy" Loans

Vehicle Age	Term	Interest Rate	Annual Percentage Rate
New or Used	60 - 72	6.99 - 8.49%	7.572% - 9.188%
New only	36 - 48	8.99 - 9.99%	9.850% - 11.118%

Financing on approved credit. Actual rate and payment are subject to change. Down payment may be required. For example, a loan of $5,000 for 72 months at 7.572% APR would require 72 monthly payments of approximately $85.24 each.

Aircraft Loans

There are more private pilot licenses per capita in Alaska than in any other state. As a qualified borrower you can take flight and purchase a single or multi-engine aircraft for private use with a loan from Alaska Pacific Bank. Eligible aircraft include any fully-operational, factory-built FAA certified single- or multi-engine aircraft rigged for either wheel or float operation.  Call us for rates and terms.

Loan Amount	Maximum Term	Interest Rate	Annual Percentage Rate
$10,000 - $25,000	60	7.00%	7.143%
$25,001 - $50,000	84	7.25%	7.620%
$50,001 & over	120	P + 2%, minimum of 7.50%	7.761%

P = Prime Rate, variable rates are based on the Prime Rate as published in The Wall Street Journal and is subject to change. Financing on approved credit. Actual rate and payment are subject to change. Down payment may be required. For example, a loan of $50,000 for 84 months at 7.620% APR would require 84 monthly payments of approximately $760.95 each.

Optional Payment Protection

•	Pay off all or some of your loan if you die.
•	Make payments on your loan if you are unable to work due to illness or accident, even if it’s not work related.

Be sure to ask your Loan Officer about this important coverage.