The boat loan interest rates listed throughout our website are the best loan rates provided by our lending programs. Rates may differ based on a customer’s credit, income, loan collateral, state of residence, and other variables determined by each lending program. If you aren’t sure what your credit score is you can get a copy of your credit report here.
Current Boat Loan Rates
| STANDARD RATES | ||||||||
| AMOUNT FINANCED | RATES AS LOW AS | TERM* | ||||||
| $10,000 – $24,999 | 8.74% | 60 – 120 MONTHS | ||||||
| $25,000 – $49,999 | 8.24% | 60 – 180 MONTHS | ||||||
| $50,000 – $99,999 | 7.99% | 60 – 240 MONTHS | ||||||
| $100,000 – $149,999 | 7.24% | 60 – 240 MONTHS | ||||||
| $150,000 – $349,999 | 6.99% | 60 – 240 MONTHS | ||||||
| $350,000 – $1,999,999 | 6.99% | 60 – 240 MONTHS | ||||||
| $2,000,000 | CALL | CALL | ||||||
| CHALLENGED CREDIT RATES | ||||||||
| AMOUNT FINANCED | RATES AS LOW AS | TERM | ||||||
| $10,000 – $19,999 | 8.99% – 19.95% | 60 – 120 MONTHS | ||||||
| $20,000 – $50,000 | 8.99% – 19.95% | 60 – 144 MONTHS | ||||||
| $50,001 – $100,000 | 8.99% – 19.95% | 60 – 180 MONTHS | ||||||
Estimated APR (Annual Percentage Rate). Subject to loan program requirements and credit approval. Rates and terms may vary with market conditions and are subject to change without notice. Rates quoted above are for pleasure boat use only. Restrictions may apply.
*Term and region can impact rates. Please call our office for additional information.
With our nationwide network of lending partners we have the financial flexibility to offer you the best solution for your individual needs. Unlike many other lenders we don’t force our clients into non-standard boat loan structures that work great for the bank but not necessarily for you.
We want to ensure that we don’t mislead our customers with the boat loan interest rates listed on our website. Every customer is unique and no single rate will apply to every credit situation and purchase transaction. Please note that interest rates and loan program parameters are subject to change with notice.
It is our goal to match each of our customers with a loan program that provides the best available rate and loan term. Our staff will work tirelessly to earn your business and provide you clear and concise information to meet your requirements. For more information on our loan packages please contact us at 949-515-0055 or apply for a loan or pre-qualification here.
Frequently Asked Questions
For bad credit loans the maximum term length is typically 15 years. For those with excellent credit you can get terms up to 20 years.
To qualify for a boat loan with bad credit you need to put down a minimum of 10% and the boat must be less than 15 years old.
Although it is sometimes possible to qualify for a boat loan with FICO credit scores in the 500s, generally you will need 600+ along with a low debt to income ratio to qualify. If you think you qualify you can apply for a loan online today.
