Today’s Fixed Boat Loan Rates

APR Amounts Terms
4.37% – 5.25% $350,000 plus* Up to 25 Years*
4.11% – 4.99% $75,001 – $149,999 Up to 25 Years*
4.64% – 5.99% $50,001 – $75,000 Up to 15 Years
6.49% – 6.99% $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
3.675% 1 yr Fixed $100,000+ 20 Years
3.975% 3 year fixed*** $100,000+ 20 Years
4.375% 5 year fixed**** $150,000+ 20 Years
4.675% 7 year fixed**** $150,000+ 20 Years

 

*Loans over $4mm, call for rates.

**Fixed for 1 year, then prime plus 50-100 basis points adjusted monthly
***Fixed for 3 years, then prime 50-100 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