We're here to help you with new and used boat loans, refinancing your existing boat loan or liveaboard financing if your boat is your primary residence.
We work with dealers and private parties, and our competitive rates can put you at the helm of 2002 or newer standard and custom power and sailboats. We also offer boat loans for vessels which have been difficult to finance historically, such as multi-hull, wood hull, high-performance and houseboats.
When you're ready to set sail, we make financing a boat a breeze.
Estimate your monthly payment based on the boat you want to buy and your specific loan needs.
Financing is based on the specific boat you purchase or refinance, and you can use our site to find the terms you're after.
Apply online and get a credit decision. In some cases, we may need more time to make a credit decision, if we need additional information from you. If approved, you'll receive details about your loan offer and next steps.
After credit approval, work with our team to submit required information on your boat, coordinate delivery of loan documents, return signed loan documents, and fund your loan.
If we are processing your title and registration, after the loan has funded, you may need to work with our collateral team to document and/or register your boat before you set sail. Timing at this step varies by state.
*Turnaround time may be longer due to COVID-19
*Estimated APR, or Annual Percentage Rate, is the annual cost of the loan, which includes other charges and fees.
For example: a new purchase recreational use boat loan in the amount of $65,399 (which includes a $399 processing fee) with a 5-year loan term at a fixed interest rate of 3.49% would have an APR of 3.74% and 60 monthly payments of $1,189.46. This is only one example, and the APR and processing fee may differ for your specific transaction. Loans with longer terms may have higher rates.