SeaDream is staffed by marine finance experts who give you the best of both worlds, personal service and the best loan rates and terms nationwide. Our current boat finance rates are Rates Between 7. 59%. Find out which financing option suits your boat buying needs best. A $30,000 speedboat financed for five years at an APR of 4 percent currently costs around $553 per month. For example, a three-month rental on a motorboat from Strong’s Marine, operating on Long Island, New York, runs $32,000 to $49,000, depending on the size of the boat. 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. Long Beach, CA 90804-0860. Maximum APR for a LightStream loan is 25. These loans offer the advantage of lower monthly payments, making them more affordable for many borrowers. Used boat loans come in two forms — secured or unsecured. 2. Our user-friendly platform is safe, secure, and designed to help you find real loan offers. The amount you pay back, how long the loan term is, and the interest rate will all vary depending on. This calculator allows you to compare the monthly payments between a 10-year term and a 20-year term, giving you a clearer idea. Plus, it’s in the dealers’ interest to ensure. We offer personalized lending guidance for the serious yacht enthusiast. Most banks will offer boat loans that use the boat as collateral. Once you have a plan in place, you can begin the process of applying for financing. Boat loans are secured by the boat, motor and trailer and require a 10% down payment with terms from 7 to 20 years depending on the amount financed. As you choose between the loans, be sure to consider the interest rate you’re offered. They offer realistic yet competitive boat loan rates that are updated daily. Rated 4. These loans typically come with fixed rates, meaning. Bank offers 8. To get an idea of just how affordable your Credit One boat loan could be, try our free online boat finance application or call us on 1300 CREDIT (1300 273 348). I’ve learned a lot over the years and learn more every day. However, it’s possible to obtain a boat loan with a lower credit score. At boats. LightStream Boat Loan. 12. Ya, I’m definitely not looking at a $50k boat. Secured Boat Loans. 4 Factors Affecting Boat Loan Terms Several factors can influence the length of boat loan terms. There are a few. The higher the cost of the boat and the less you put towards the down payment, the longer your loan term will be. Loan terms range from 24 - 144 months depending on the loan type. $50-100k: 15-20 years. However, it’s important to keep in mind that you’ll be paying interest on the loan for a much longer period of time, so the. No prepayment penalty. Down payments may range from 10% to 30%, depending on the amount borrowed, and typically the boat is considered collateral for the loan. Check out our boat loans and RV loans page for more information. When you apply online for a boat loan, RV loan, or contact a representative from Trident Funding, you get prompt, personal, and professional service unmatched in the marine lending industry. All loans are subject to credit approval. View details. Q: How long does it typically take to fund the sale? A: 24-48 hours via ACH. How long is a typical. For instance, Essex Credit requires a minimum score of 690 and BoatUS requires at least 680 to even begin the application. “Longer terms are typically reserved for larger boats or more substantial loan amounts,” says Bernstein. BoatUS has two featured lenders for boat loans: Trident Funding for boat loans over $25,000, and First Approval Source for loans less than $25,000. Loan amounts often extend up to $50,000 but may. This is free and. Personal Loans. The higher the cost of the boat and the less you put towards the down payment, the longer your loan term will be. Your co-borrower, also known as a cosigner, is someone who. 60 and a total cost of. In addition to using the proceeds to purchase an RV or boat, proceeds can also be applied for repairs, upgrades, insurance, related products, and more, even including vacations. Make sure. Longer terms mean lower monthly payments for any given purchase price. A new Mercury engine could also give you a big boost in performance and efficiency. Boat loans from $5,000 to $100,000. (Not all lenders offer a live-aboard program. Southeast Financial does have a minimum loan of $10,000. Many bankers are unaware of the many nuances of financing a new or used boat. Lessees will need to provide a valid form of identification, such as a driver's license or passport, to verify their identity. This ratio identifies the portion of a member's gross income that repays. If you’re looking for a boat loan, here are five top lenders to consider: Best for Fast Funding: Trident Funding. Whether you’re shopping for a new car or house, applying for college, or consolidating debt, Horizon offers a variety of loans to give you the boost you need to finance large purchases. Some personal lenders offer loans of up to $100,000. The Good Sam Finance Center now offers unsecured loans for vehicles not covered by traditional lending. LPP is an optional benefit offered through BECU. In this comprehensive guide, we'll cover every guide to boat loans in 2023 so you can find the best financing option for your needs. Boat loan terms can stretch for as long as 20 years, due to loan amounts that can reach into the millions. 699 and below. Q: How old of a boat can I. As of September 2023, a the best personal loan rates can be as low as 5. And although leasing may be less expensive than boat ownership, it still isn’t a cheap option. Actual APR based on borrower’s credit history and loan terms. If you are deaf, hard of hearing, or do not use your voice to communicate, you may contact us via 711 or other relay services. The best boat loan lender will depend on your unique financial situation and personal preferences. Payment Example per $1,000 borrowed. ; Average boat loan term is 10-15 years. S. 54 for the boat over the 20-year term. Talk to us 1-888-690-LOAN (5626) SEE WHAT RATE YOU. Instagram. Fact #4: A bigger down payment can pay off. Use this boat loan calculator to estimate your monthly payments and interest costs for a personal loan. After repaying the loan, you will have paid $31,136. m. Keep in mind that a down payment is typically 15% to 20% and is required by many lenders. It is the largest independently owned boat loan, RV loan and aircraft loan origination company in the U. Partnering with Trident Funding. 25% rate on a $200,000 boat loan, with a term of 20 years, you will have paid a total of $350,845. Boat loans through LightStream are offered from $5,000 to $100,000 with repayment terms ranging from 24 to 84 months. A secured boat loan is a type of loan that is backed by collateral in the form of a boat or other watercraft. Current interest rates range from 4. Refinancing: If you already have a boat loan but want to search for a better interest rate or extend the term of the loan, you can refinance. Boats hold their value for a long time. The boat loan calculator on the Summit Finance Group website is a powerful tool that helps potential borrowers determine the cost of financing a boat, RV, or power sports vehicle such as a UTV or ATV. Boat Loan Payment: Example - Monthly payments of $10. While the wide range of loan amounts and repayment terms is great, this lender wins our best overall spot because of the types of boats it accepts. Unlike car loans, which typically last anywhere from 3-7 years, on average, boat loans are more similar to a home loan in length. 8. For example, at Trident Funding, boat loans can be amortized for anywhere from seven to 20 years. We offer products with a loan amount as large as $3,000,000 and a loan amount as small as $10,000. Loan amount: $250,000 (to account for the large purchase price that often comes with a long-term loan) Loan term: 20 years (240 months) Interest. Boat loan rates vary but are usually higher than auto loan rates. 76 per $1,000 borrowed for 144 months at 7. If you're hauling friends, family or equipment off-road, a side-by-side gives you the strength & stability to get there swiftly and safely. A boat loan will allow you to purchase a boat and repay what you borrow for up to 20 years. Most lenders will require a down payment between 10 to 20 percent. 95% based on credit factors. To illustrate the potential savings, let’s assume you buy a new $60,000 boat at 6% interest with a 15-year term. An average loan term is going to range from eight to 12 years, and a long loan term is going to be 12 to 15 years. But when it comes to buying a. Who's Eligible? If you live or work in the state of Washington, you are eligible to borrow from Seattle Credit Union. 59% APR 1,2. A. Toy Loan (new and used) As low as 7. 64% with AutoPay (Rates as of 06/01/2023. With warmer weather comes more time outdoors, and for those who have access to waterways, the desire to own a boat increases. After repaying the loan, you will have paid $31,136. You’ll know what your payment will be long term and you can plan accordingly. Boat loans are installment loans you pay back over a set term, which can be as long as 20 years, depending on your lender. Depending on the loan size and lender, you may apply for a secured boat loan with a period of up to 20 years. If you want a trailer and a motor, that cost will more than double. Marine loans and refinancing options. This may include adjusting the interest rate, the loan term, or the monthly payment amount. New Boat Payment Example: A 120 month new boat loan (model years 2022 to 2024) with an annual percentage rate (APR) of 10. The boat loan calculator on the Summit Finance Group website is a powerful tool that helps potential borrowers determine the cost of financing a boat, RV, or power sports vehicle such as a UTV or ATV. Types of boat loans Term length is usually 15 to 20 years for example, if you have a loan in the $25,000 range, you may be able to finance it for 15 years. 64% with AutoPay (Rates as of 06/01/2023. 12 years: You can finance a boat loan of $20,000 to $24,000 for. Best Banc & Co. Both new boats and used boats can qualify for boat loans, but when you are buying a boat, it may be easier to get a boat loan on something 5 years or newer. 54 in interest. Make an appointment. 25% rate on a $200,000 boat loan, with a term of 20 years, you will have paid a total of. With Southeast Financial, you can finance up to $4 million to purchase your dream RV or motorhome, and the lender will finance used vehicles that are up to 12 years old. Find out why you may want to avoid paying off your loan early. Written by: Dana Dratch • Updated April 27, 2023 • 6 min read In a Nutshell Boat loans are set up much like car loans, with a specific loan amount you pay interest. A fixed-rate loan is by far the most popular choice because it allows boat owners to lock in a rate and offers predictability when budgeting. Talk to us 1-888-690-LOAN (5626) SEE WHAT RATE YOU QUALIFY FOR. Secured loans require your boat to be used as collateral, which means the lender can repossess it if you. Trident Funding is a trusted partner for all of your boat loan needs. (631) 476-6581. 3 days. PLEASE NOTE: Our minimum loan amount is $10,000. Boat loans used to be more limited in length and with larger down payments; today, terms of 10 to 20 years are quite common. Trident Funding offers new and used boat loans, as well as boat refinancing. , we have some of the best boat finance rates available. 89% Annual Percentage Rate (APR). In many cases, this is accomplished through an online training. 7. 12 years: You can finance a boat loan of $20,000. Make an appointment. In many cases, lenders require a credit score of 700 or above to get approved for a boat loan. You also might get your funds the same day you apply if you meet specific criteria. While their rates for loan amounts over $50,000 are competitive, anyone looking for a smaller loan may find a better rate with LightStream. Do my loan payment habits affect my credit score?. Our vast knowledge of boat loan financing and RV lending allows us to match you with the best boat loan or RV loan option for your unique situation. The type of loan you choose helps determine the length of the loan. Best for Good Credit: Essex Credit. Boat Loan Rate Disclosures * APR = Annual Percentage Rate. We’re ready to help you get financing. Boat and RV Financing Requirements: Financing for 36- to 72-month terms requires financed amount of $5,000 or greater and approved credit. “We have a track record with lenders, so they are often willing to provide marine loans for 15- to 20-year terms,” said Smith. I’ve been running boats for 32 years. Long-term personal loans typically have repayment terms between five and seven years compared to shorter-term loans ranging from one to three years. 59 per $1,000 borrowed or a $718. 61% APR. Minimum payment based on the outstanding principal balance. 49% and 240 payments of. If you are interested in a new Ranger Boat talk with our finance team about long-term loan options! LESS THAN PERFECT CREDIT: Life happens. How long you can finance your boat depends on your lender and how large your loan is. Boat loan interest rates usually start around 3. We can provide loans for purchasing RVs, boats, motorcycles, or powersports vehicles like personal watercraft, ATVs, or snowmobiles. Founded in 1976, Bankrate has a long track record of helping people make. Additional costs will include fuel, docking fees, and other costs for storage. Here at Trident, we require that your credit score be at least 600 or higher to be approved for boat financing. If you plan on getting a boat that may not last that long such as a wood boat or speed boat; you may be limited to short-term loans only. Best lender for boats under $100,000. If you plan on getting a boat that may not last that long such as a wood boat. Some installment loans have prepayment penalties, which means you could spend more to pay off your loan early. Rates subject to change. Longer terms result in lower monthly payments, but they also result in higher interest costs over the life of the loan. Boat loan terms vary widely but normally range from 120 months to 244 months depending on the amount of the loan and age of the boat. Whether you're looking to find your home at sea—or just refinance your current one. Refinancing: If you already have a boat loan but want to search for a better interest rate or extend the term of the loan, you can refinance. On this page. Boat loans can have a positive impact on credit scores. Your specific rate will also be based on a number of factors including the amount of the boat loan, the year of the boat, if it’s new or used, your credit score, your overall financial history, the type of loan, and the loan term. The Lowe’s website quotes this boat at $36. pay for a wedding or a vacation, buy a boat, RV or make some other big purchase. coverage options with your local authorized Yamaha dealer today!It’s essentially the same process as getting a loan for a car. However, the main way that you save money on a boat loan is with a lower interest rate. Funded loan range: $5,000-$100,000. If you have enough equity in it, you could pull it out and pay cash for the boat. Depending on the lender, you can use a boat loan to buy a canoe, a. Available for : consolidating debt, making large purchases, unexpected bills. Call 844-487-8478. To use the calculator, simply enter the following information: Loan amount: The total amount of money you are borrowing to finance your boat purchase. Payment example: A $76,000 loan for the purchase of a recreational use vessel for 20 years with a fixed rate of 5. 24% Apply Now *Estimated APR, or Annual Percentage Rate, is the annual cost of the loan, which includes other charges and fees. Our Menu. However, it’s important to carefully consider the higher total interest paid over the life of the loan. 99% to 16. RV and Boat Loan (new and used) As low as 7. Boat loan down payments typically range from 10% to 30%, so make sure you have enough money saved up to cover the cost of the down payment before you apply for a loan. Home - myFICO® Forums. Leaders Credit Union West Tennessee provides boat and RV loans with extended terms and competitive interest. Call Now. Rate commitments are typically good for 30 to 60 days. 24% for borrowers that are well qualified. A boat loan will allow you to purchase a boat and repay what you borrow for up to 20 years. 87 per $1,000 borrowed at 9. Depending on the size of the loan, you may be required to back the loan with collateral. 75%. Average APR of funded loan: 12. Find answers to your questions about insurance in our Learning Center, or visit our Progressive. Wide range of loan amounts and repayment terms: First Tech loans start at $500 and go to $50,000, meaning borrowers can fund a wide range of expenses, from a small emergency repair to a major home. Get. Boat loans allow you to buy a boat now and spread the cost over several years in the same way you would for cars, motorhomes or any other type of major purchase. Unlike car loans, which typically last anywhere from 3-7 years, on average, boat loans are more similar to a home loan in length. They’re affected by the economy and supply and demand. 14% APR. NEW BOATS (2022 – 2023). Learn About Our Used Boat Loans. Boaters can expect a rough standard 20/20/5 loan (20 year loan with a 20 percent down payment at 5 percent interest) to be processed quickly and relatively hassle-free. 59% would have monthly payments of $13. Get affordable financing for your weekend fun. How long are boat loans? Repayment periods for boat loans vary depending on the type of loan you choose. 69% would have. A bad credit boat loan is a traditional boat loan that is offered to borrowers with low credit scores. Know the payoff terms. Spread the love Sailboat Loan Calculator Sailboat Loan Calculator Loan Amount ($): Interest Rate (%): Loan Term (Years): Calculate FAQs How long can you finance a $100,000 boat? The length of time you can finance a $100,000 boat depends on the lender and your creditworthiness. Simply enter the loan amount, term and interest rate in the fields below. Long Island Community Federal Credit Union. There are no processing or prepayment fees and no appraisal fees. On average, boat loan lengths range from 10-15 years. Figure out your own cash flow, monthly payment, how long you plan on keeping the boat, will you be making extra payments, etc. However, if you only owe $40,000 on that $180,000 boat, your LTV is only 22%. I took a $100K loan on a $200K boat. Longer terms result in lower monthly payments, but they also result in higher interest costs over the life of the. If your own credit score doesn’t meet this requirement, or you want to qualify for even better loan terms, you can also opt to add a creditworthy co-borrower to the loan. To apply, call us at 800-233-2328 and ask about getting LPP added to your loan. As stated above, secured boat loans can be found with up to 20-year terms. S. To understand the financial implications of different loan terms, you can utilize online tools such as a Boat Loan Calculator. (888) 386-3121. Available for : consolidating debt, making large purchases, unexpected bills. Loan Application. On smaller boats you can't get that long of a loan, but on larger [more expensive] boats, you can. iNet also provides a lot of overall flexibility in loan amounts as borrowers can apply for RV loans as large as $1,000,000. “We have a track record with lenders, so they are often willing to provide marine loans for 15- to 20-year terms,” said Smith. Call 800-342-4310. However, shorter-term boat loans definitely exist. Exploring the Benefits and Options of the Longest Boat Loan Terms. Payment Example: 144 payments of $10. Each time you set up a new My Chase Loan, we’ll tell you the maximum amount. apply now. based on your risk profile Borrow between $10,000 and $200,000 with terms up to 5 years. Thinking about purchasing a new or used boat? The price of the boat: The size of the loan requested follows the price. Talk to multiple lenders to find the best boat loan terms for your particular situation. Most lenders can only offer certain minimum amounts for given loan terms. At boats. How long is a boat mortgage? The maximum term for a boat mortgage with Promarine Finance is 10 years – however this can be longer in exceptional circumstances. From there, a lending specialist will help you determine what loan and terms work best for your circumstances and assist you with the personal. 24% Apply Now *Estimated APR, or Annual Percentage Rate, is the annual cost of the loan, which includes other charges and fees. It will reduce the loan amount you need. Long-Term Boat Loans. Whether it’s financing for a used boat loan or getting the best terms on a high-end yacht, our specialists are trained to deliver the top finance options for virtually any type of watercraft, ranging from $10,000 to $4,000,000. Our personal watercraft loans feature: Fixed PWC interest rates as low as % APRNo application fees; Terms up to 6 years¹You can choose your own funding date once approved for your boat loan, even if its the same day you applied. Interest rates range from 5. 54 per one thousand dollars borrowed. S. With a personal loan from Redstone, you’ll have the freedom and flexibility you need to set your plans in motion. 2 Additional income may be used to qualify for a loan, but it must be consistent and verifiable. You can expect boat loans to be in the 15-20 year range. License #AK157293; Washington Consumer Loan Company License #CL-157293. Used boats are usually financed for 10 years or less, due to faster depreciation. If a model is old, a lender may not be willing to offer financing whatsoever, as a lender typically needs collateral for a secure loan. Apply in person, by phone or online. 5% of the value of the boat. The calculator gives you the monthly payment for terms ranging from 1, 3, 5, 7, 10 and 15 years. 99% – 19. Call 1-888-340-2265 Make a one-time payment. *APR=Annual Percentage Rate. Boat loan limits vary even more significantly, with some lenders offering $5,000 to $100,000 and others offering up to $5 million for the right borrower. Financing for 84- and 120-month terms requires financed amount of. CT, Saturday 8 a. For example, if you are purchasing a $24,000 boat and put $5,000 down, you will need a boat loan for $19,000. Typically, boat loans are between 10 and 20 years, depending on the down payment, credit score, income and the amount of the loan. One example is Mercury Repower Financing, which offers financing programs for both outboard (and sterndrive and inboard repowers) from $5,000 to $50,000. Payment example: A $12,000 loan at 18. A default on the loan may result in repossession. Financing a used vs. Talk to us. Types of boats financed: LightStream doesnt list any specific requirements. 74% and go up to 9. As mentioned, plenty of big financial institutions sell marine vehicle loans in Canada, For example, the Royal Bank of Canada offers financing for boats and RVs with: Flexible Payment Options – Choose from several payment plans (weekly, monthly, bi-weekly, etc. The Wrap Up: Trident Funding Offers Boat Loans at Low Rates. Mortgage loans are provided by Global Credit Union Home Loans in Alaska and Washington. 24 hours a day, 7 days a week. A $10,000 boat loan with Bank of the West would have a starting interest rate of 8. Credit score can vary depending on the credit reporting agency. A boat loan is an installment product that is utilized to purchase a new or used boat of some kind, or refinance a loan on an existing boat. Rates depend on a boat's age, your credit score, and how much you finance. How long are boat loans? Usually, boat loan repayment terms range from one to 20 years. Featuring the latest advancements in marine technology, a new Mercury engine is going to be more intuitive and easier to operate than a prior generation engine – and a whole lot more fun. Gather Required Documents. How to Get a Boat Loan. [Danny]: Okay, that sounds good. • Auto loan. 54% APR will have a monthly payment of $597. Let Aussie Boat Loans help you get the best low-rate boat loan in Australia. Typically, the most expensive cost will be the interest you pay over the life of the loan. Typically, lenders will reserve the longer terms of 180 or 240 months for boat loans of $25,000 or more. Average funding time: 6. BOAT BRANDS BOAT CARE BUYING A BOAT. How boat loans work. As you choose between the loans, be sure to consider the interest rate you’re offered. Credit approval is usually good for 30 to 90 days. As mentioned, plenty of big financial institutions sell marine vehicle loans in Canada, For example, the Royal Bank of Canada offers financing for boats and RVs with: Flexible Payment Options – Choose from several payment plans (weekly, monthly, bi-weekly, etc. For people considering the purchase of a pontoon boat, one question that often comes to mind is how. It is the largest independently owned boat loan, RV loan and aircraft loan origination company in the U. m. You’ll know what your payment will be long term and you can plan accordingly. 1. A bad credit score is under 580 for FICO or 600 for VantageScore. This is the length of the loan and the time period you have to pay off the loan. 1 You can fund your loan today if today is a banking business day, your application is approved, and you complete the following steps by 2:30 p. A boat loan is a personal loan that you can use for the purpose of buying a marine vessel. 49% APR for buyers with excellent credit and can range as high as 17. A high minimum loan amount of $25,000 also may be more than many borrowers need. 49% for purposes like home improvement. 89% APR with a 0. The lender features low rates, flexible loan amounts, and widespread availability, making it a great choice for borrowers with good credit looking to purchase a boat. are provided by various carriers and are an obligation of the issuing company. Additional costs will include fuel, docking fees, and other costs for storage. Flexible repayment option : Pay down your loan at any time without any penalties or additional charges. The actual length depends on the amount financed and the interest rate. Higher loan amounts often equate to longer boat loan terms. 1 Annual Percentage Rate. Calculate. Below are some basic examples of monthly boat loan payments: Loan: $15,000 Down payment: 10% APR: 6. We’re happy to answer any questions you may have, discuss tax questions, coordinate with your financial, tax or legal advisors, and help guide you through the process. Up to 144 Months. All it takes to get started is clicking the Apply Now button here and we can get you a credit decision within 24. If you default on your boat loan, that will have a more negative impact on your score. Consider Houseboat Loan Rates Most houseboat loans come with fixed rates, meaning the monthly payments will remain the same throughout the duration of the life of the loan. 29% to 11. 79%Step 1: Select your loan type. Finance your next boat with TDECU with rates as low as 7. Used Boat Payment Example: A 120 month used boat loan (model years 2016 to 2021) with an annual percentage rate (APR) of 10. 2. However, LightStream doesn’t allow you to prequalify for a loan , so you can’t view potential rates and terms without impacting your credit. m. No payment for up to 60 days. 9352. 25% to 0. New and used yacht loans. Longer repayment terms typically mean lower monthly payments, but you'll pay more in total interest. m. Boat loans are installment loans you pay back over a set term, which can be as long as 20 years, depending on your lender. A fixed-rate loan is by far the most popular choice because it allows boat owners to lock in a rate and offers predictability when budgeting. You can expect boat loans to be in the 15-20 year range. etc. Boat Loan Payment: Example - Monthly payments of $10. Pros Explained. One option is LightStream, which has boat loans that start at 8. Equity Loan is that it does take time to process. Minimum loan amounts can start anywhere from $500 to $50,000 or more, depending on the lender. At a minimum, you’ll need to know roughly how much you want to borrow, the type of boat you plan to buy and whether you want to buy new or used. How long is the average used boat loan? The length of a used boat loan can vary depending on the lender, the age and condition of the boat, the loan amount, and other factors. Whether you're a new or experienced boater, our Boat Loan Calculator is just one of the many resources we have to help you discover just how affordable boating can be—and to help you find and buy a boat that fits your budget, your lifestyle and your dreams. Knowing the RV’s expected fuel economy can help you gauge ongoing costs. 1. SunTrust. 29% APR for RV loans of $15,000 or more. For questions regarding your loan, please contact Loan Servicing at 866-207-9079. Bank boat financing and shop with confidence at the dealership. About this Example: The loan costs example is based on the most common selected rate and repayment months term and assumes that all the payments are made on the date they are due. Some lenders might have restrictions on financing older vessels. You can get a boat loan from a traditional lending institution or from a marine dealership. Potential for lower-than-average APRs: Navy Federal’s. How Long Can You Finance a Boat . Apply for an RV Loan. Eastern time: (1) review and electronically sign your loan agreement; (2) provide us. As long as there’s no early payoff penalty, and I can get a payment down to around $200-300, it’s manageable. An online boat financing pre-approval lets you know how much you can borrow for your next boat. How long are boat loans? Repayment periods for boat loans vary depending on the type of loan you choose. Use our boat loan calculator to calculate your monthly payment. depends on the lending institution. Get pre-approved.