Today’s Fixed Boat Loan Rates

APR Amounts Terms
3.87% – 4.87% $150,000 plus* Up to 25 Years*
3.87% – 4.87% $75,001 – $149,999 Up to 20 Years*
4.64% – 5.37% $50,001 – $75,000 Up to 15 Years
6.24% – 6.74% $25,000 – $50,000 Up to 15 Years

* 25 year terms available on $250,000+ loans after 30% down payment.

 

Today’s Adjustable Boat Loan Rates

APR Amounts Terms
3.83% – 4.48%** $100,000+ 20 Years
3.75% 3 year fixed*** $100,000+ 20 Years
4.24% 5 year fixed**** $150,000+ 20 Years
4.24% 7 year fixed**** $150,000+ 20 Years

 

*Loans over $4mm, call for rates.

**Monthly Libor program, 1 month Libor +285-350 adjusts monthly.
**3.64% starting at $350k financed amount.
***3.75% 3 years fixed starting at $100k.

***Fixed for 3 years, then prime +50 basis points adjusts monthly.
****Fixed for 5 or 7 years, then prime +100 basis points adjusts monthly.

Most fixed rate loans are No Prepayment Penalty loans under $750k. Adjustable rate loans carry a one year prepayment penalty.

Rates and terms vary based on credit scores, age of vessel, etc.

No Loans Under $25k
NO COMMERCIAL LOANS, NO LIVEABOARDS