Home » Boat Loan Financing & Interest Rates – Trident Funding » Boat Loan Calculator
Ready to buy a boat? Use our quick boat loan calculator to estimate your interest rate and monthly payments.
0.00% APR*
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Apply Now*Estimated APR, or Annual Percentage Rate, is the annual cost of the loan, which includes other charges and fees. Actual rate and term can vary depending on credit history, collateral type, age of collateral, loan amount, loan term, loan to value, vessel registration type (LLC/Trust), state of residency and other criteria. Rates and terms may vary and are subject to change without notice. Credit score can vary depending on the credit reporting agency. Payment example: A $76,000 loan for the purchase of a recreational use vessel for 20 years with a fixed rate of 5.49% would have an estimated APR of 5.49% and 240 payments of $522.37.
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How Trident Funding Boat Loans Work
1. Estimate Your Rate
Whether you’re an avid boater or new to the boating world, this loved pastime is available to everyone. If you know what type of boat you want to buy and the loan amount you’ll need financed plus your credit score, you can use Trident’s boat loan calculator to estimate your monthly payments and interest rate.
2. Apply for a Loan
Now that you have an idea of your estimated boat loan interest rate and monthly payment, you can submit your loan application. It only takes a few minutes! We’ll ask you to tell us about the type of boat you’re looking for and a few details about your financial situation so we can match you to the marine lender that’s right for you.
3. Get on the Water!
Once you submit your boat loan application, our dedicated team of loan officers gets to work! We usually have a response from a marine lender in 24-48 hours. If we need additional documentation, we’ll reach out. All you have to do is dream about getting on the water. We’ll help you find the interest rate and boat loan lender that fit your budget and lifestyle.

Frequently Asked Questions
How long is a typical boat loan for?
- Typically, the maximum term for a boat loan is 20 years, however the maximum or standard term for a boat loan can be affected by the age of the boat and the size of the loan request. The next most common terms are 15 and 10 years.
Is it smart to finance a boat for 15 years?
- Financing a boat over a 15 or 20 year term is very common. Banks tend to offer longer terms on boat loans because the depreciation schedule of a boat is typically longer than other assets like automobiles.
Can I get a 20-year loan on a used boat?
- Yes, you can get a 20-year term on a used boat. However, the boat usually needs to be less than 15 years old, and most lenders will also have a minimum loan requirement in order to qualify for a 20 year boat loan term.
What are the best boat loan rates?
- There are many different lenders and their rates will vary. Check your estimated boat interest rate with our boat loan calculator. Most lenders base their boat loan interest rates on factors such as:
- Credit score
- Loan amount
- Down payment
- Loan term
- Age of the vessel
Can I get a boat loan with a 700 credit score?
- You can get a boat loan with a 700 credit score, but most lenders prefer credit scores of 700 or higher. With a lower credit score, you should expect a larger down payment or a higher boat loan interest rate. Use our boat loan calculator to estimate your monthly interest rate and then apply for your boat loan today.
What should I expect my boat loan APR to be?
- Boat loan APRs can vary depending on several factors. The APR is typically determined by your credit score, the size of your down payment, and the age of the boat, and the term of the loan. The higher the credit score, the larger the down payment, the new the boat, and the shorter term, the better the APR will be.
What is the minimum credit score for a boat loan?
There is no definitive minimum credit score required, but there are some banks that will consider applicants with scores in the 640 or 670 range. You will typically need a credit score of at least 680 to get approved for a boat loan. The higher your credit score, the lower your interest rate will be, which will save you money over the term of the loan. Additional credit limitations and requirements will typically be required for scores under 700. Use our boat loan calculator above to determine your estimated monthly payment based on your FICO credit score.
Some tips to raise your credit score include
- Make on-time payments to your creditors
- Ask for credit limit increases on your credit cards but don’t use the additional credit
- Pay down your credit card balances so they’re 25 percent or lower
- Regularly check your credit report and dispute any errors
After I apply for a boat loan, is there anything that I should consider before the loan is funded?
- After you submit your boat loan application, it is best to hold off on any big purchases, if possible, until the loan is funded. There are a few things you should avoid during the loan process, including applying for new credit cards (also keep all existing credit card accounts open), do not max out existing credit cards, do not buy a new car or do a trade in. It is best to keep in touch with your loan officer to ensure you are taking the right steps to close the deal on time.