Looking for a
Boat Loan?
Trident Funding is your partner for boat loans. We are boaters too, and we help you get the best rate from the 50+ partners in our network. Fast and easy approval!
How to
Apply for a Boat Loan
Shop
If you know your boat loan budget, it’s time to shop for your perfect boat! Once you find it, check current interest rates.
Apply
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Boat Loans From Trident Funding
Loan Benefits
- 50+ marine lender partners to get you the best rate
- Approval as fast as 24 hours!
- 60-day deferred payment
- Minimum credit score 600+
- 10 to 20 year boat loan terms
Features
- Boat loans from $10,000 to $2,000,000
- Zero down boat loans up to $100,000
- Stated income boat loans up to $250,000
Types
- New boat loans
- Used boat loans
- Boat loan refinancing
- Special purpose entity (LLC or Trust) ownership
- Recreational & limited charter options available
- Private party purchase
- Dealer purchase
FAST & EASY APPROVAL
Submit your application online and we can get approval in just 24 hours and have your loan funded as soon as 48 hours!
LOWEST NATIONWIDE RATES
We find the right lender for your financial situation to match you with the best rate and monthly payment to fit your budget.
WE ARE BOATERS TOO
As boating enthusiasts ourselves, we understand the unique processes involved in boat loans. We want to make your dream a reality on the water!
Boat Loan Payment Estimates
See how we use today’s boat loan rates to get the best financing for your unique boat buying needs. Get approved in just 24 hours.
Scores 740-759
$30,000
as low as
$338.35
Monthly 10.86%
$60,000
as low as
$529.84
Monthly 8.74%
$100,000
as low as
$859.61
Monthly 8.37%
Boat Financing
Buying a boat can be an exciting experience. It can also be expensive. A boat is also usually a large purchase, second only to a primary residence, so most people who buy boats will get a loan to fund this major expense. A boat loan is a type of loan used to finance the purchase of a boat, such as a yacht, sailboat, or fishing boat. Boat loans are similar to other types of loans, such as auto loans or home mortgages, in that they provide borrowers with the funds needed to purchase the asset upfront, and then require the borrower to repay the loan over time, typically with interest.
Boat loans are typically secured loans, meaning that the boat serves as collateral for the loan, which can help lower the interest rate on the loan. Boat loans can be obtained from a variety of lenders and the terms and conditions of the loan will depend on the borrower’s credit history, the amount of the loan, and the length of the loan term.
Gather This Information to Get Started
- Year, make, and model of the boat you want to finance or refinance
- Sufficient income and employment history (usually at least 2 years)
- Personal information about yourself and any co-borrowers, including Social Security Number (SSN) and contact information
- Lender will also look at your payment history, pay stubs, tax returns, and sometimes your bank statements
- To expedite funding, you’ll also want to have the following documents available as PDFs or images on your phone or computer to upload via a secure document portal:
- A purchase agreement (signed by you and the seller)
- Seller’s contact information (name, email, phone number)
- A copy of your driver’s license
- Proof of down payment (Copy of down payment check or wire receipt)
How to Qualify
Boat loans aren’t hard to get, but each lender will have their own set of boat loan requirements. You don’t have to have perfect credit or make a million dollars to get a boat loan. You will generally need a credit score of at least 600, enough money for a down payment of 10 to 20 percent of the cost of the boat, and you should be able to prove that you can afford the boat loan payments. If you’re not sure if you qualify for a boat loan, use a boat loan calculator to see how much boat you can afford and your estimated monthly payment.
What You Need to Apply
Gather this Information
- Year, make, and model of the boat you want to finance or refinance
- Sufficient income and employment history (usually at least 2 years)
- Personal information about yourself and any co-borrowers, including Social Security Number (SSN) and contact information
- Lender will also look at your payment history, pay stubs, tax returns, and sometimes your bank statements
- To expedite funding, you’ll also want to have the following documents available as PDFs or images on your phone or computer to upload via a secure document portal:
-
- A purchase agreement (signed by you and the seller)
- Seller’s contact information (name, email, phone number)
- A copy of your driver’s license
- Proof of down payment (Copy of down payment check or wire receipt)
-