Your Best Boat Loan Options
Apply and gain access to our network of trusted lenders to finance your new or used boat. Competitive rates, flexible terms, any boat type.
Competitive Loan Options
Personal Qualification Interview
Flexible Lending Terms
Any Boat Type
How Boat Financing Works
1
Get Connected
Fill out the form below to be connected with a finance team suited for your situation.
2
Interview & Access
A connected finance team will reach out and help you identify your best available terms.
3
Match With Your Lender
Your team will search for the best rate through dozens of lender options.
4
Buy Your Boat!
Coordinate the final paperwork and details to finance your new or used boat.
Get Started
Fill out the form below and a finance team will reach out to discuss your options. No obligation, no impact to your credit score.
Frequently Asked Questions
What credit score do I need to finance a boat?
Most lenders prefer a credit score of 650 or higher, though some specialize in working with lower scores. A higher score typically means better interest rates and terms. Even if your credit isn't perfect, it's worth applying — many buyers are surprised by what they qualify for.
How long can I finance a boat for?
Boat loan terms typically range from 3 to 15 years depending on the loan amount and the age of the boat. Newer, higher-value boats often qualify for longer terms. A longer term means lower monthly payments, but you'll pay more in interest over the life of the loan.
Is boat loan interest tax-deductible?
In many cases, yes. If your boat has a sleeping berth, cooking facilities, and a head (toilet), it may qualify as a "second home" under IRS guidelines, making the interest potentially tax-deductible. Consult a tax professional for advice specific to your situation.
Do I need insurance to finance a boat?
Yes. Virtually all lenders require comprehensive boat insurance for the duration of the loan. Insurance protects both you and the lender in case of damage, theft, or liability. Many lenders can help you find competitive insurance rates as part of the process.
Can I finance a used boat?
Absolutely. Used boats are financed regularly. The terms may vary based on the boat's age and condition, but our connected lenders work with both new and used boats from private sellers and dealers.