Boat loans and refinancing options

Set sail. Boat loans with flexible terms and fixed rates.

We have secured and unsecured options to float your boat.

Whether you’re buying new, used, or refinancing,Disclosure 1 we have a boat loan for you. With easy applications and quick decisions, you dream it—we’ll help you finance it. Plus, you can receive your funds as soon as today.Disclosure 2, Disclosure 3

Enter your ZIP code to view loans available in your area.

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Compare options for boat loans.

Secured boat loan

A secured boat loan uses your boat as collateral.

Best if:
You want a newer boat
We finance boats up to 10 model years old.
You prefer a more personalized experience
Our loan specialists can guide you through the process.
Unsecured boat loan

An unsecured boat loan does not require collateral.

Best if:
You prefer to keep it all online
No forms, no appointments—it’s all online, from application to funding.
You prefer no restrictions
There are no restrictions on your boat’s age.
Just a moment : loading interest rates
Secured boat loan tooltip A secured boat loan uses your boat as collateral. Staying current on payments helps you maintain ownership of your collateral. LightStream unsecured
boat loan tooltip An unsecured loan does not have collateral. Because of that, it may have a higher interest rate compared to a secured loan.
How to apply

Apply in person, or by phone if you have a Truist account. Call 855-527-8762.

Schedule an appointment with a Truist banker to apply for a boat loan. Calculate your monthly payments on a secured boat loan.

Apply online.

Apply now for a LightStream unsecured boat loan. Explore rates and payments on a LightStream unsecured boat loan.
Availability Available in branches in the following states: AL, AR, DC, FL, GA, IN, KY, MD, MS, NJ, NC, OH, PA, SC, TN, TX, VA, WV. Available nationwide
Collateral Boat None
Boat model year Up to 10 prior model years No restrictions
Boat size Less than 30 feet in length No restrictions
Interest rates Fixed rates from 7.83% to 10.11% APRDisclosure 4 Fixed rates from {{lsiAutoMinRate}}% - {{lsiAutoMaxRate}}% APR with AutoPayDisclosure 5, Disclosure 6
Loan amounts $3,500 to $150,000Disclosure 7 $5,000 to $100,000
Loan terms Up to 180 months,Disclosure 8 based on a combination of loan amount and collateral age Up to 144 monthsDisclosure 8
Fees No pre-payment penalties. Late payment and returned payment fees vary by state. No origination fees, no pre-payment penalties, and no late fees.
Payment options Digital, Autopay, mail, phone, in-branch Digital—Autopay or invoice
Interest rate lock 90 daysDisclosure 9 30 daysDisclosure 9
Funding As soon as todayDisclosure 3 As soon as todayDisclosure 2
How to apply

Apply in person, or by phone if you have a Truist account. Call 855-527-8762.

Schedule an appointment with a Truist banker to apply for a secured boat loan. Calculate your payments on a secured boat loan.

Apply online.

Apply now for a LightStream unsecured boat loan. Explore rates and payments on a LightStream unsecured boat loan.
Secured boat loan tooltip A secured boat loan uses your boat as collateral. Staying current on payments helps you maintain ownership of your collateral. LightStream unsecured
boat loan tooltip An unsecured loan does not have collateral. Because of that, it may have a higher interest rate compared to a secured loan.
How to apply

Apply in person, or by phone if you have a Truist account. Call 855-527-8762.

Schedule an appointment with a Truist banker to apply for a boat loan. Calculate your monthly payments on a secured boat loan.

Apply online.

Apply now for a LightStream unsecured boat loan. Explore rates and payments on a LightStream unsecured boat loan.
Availability Available in branches in the following states: AL, AR, DC, FL, GA, IN, KY, MD, MS, NJ, NC, OH, PA, SC, TN, TX, VA, WV. Available nationwide
Collateral Boat None
Boat model year Up to 10 prior model years No restrictions
Boat size Less than 30 feet in length No restrictions
Interest rates Fixed rates from 7.83% to 10.11% APRDisclosure 4 Fixed rates from {{lsiAutoMinRate}}% - {{lsiAutoMaxRate}}% APR with AutoPayDisclosure 5, Disclosure 6
Loan amounts $3,500 to $150,000Disclosure 7 $5,000 to $100,000
Loan terms Up to 180 months,Disclosure 8 based on a combination of loan amount and collateral age Up to 144 monthsDisclosure 8
Fees No pre-payment penalties. Late payment and returned payment fees vary by state. No origination fees, no pre-payment penalties, and no late fees.
Payment options Digital, Autopay, mail, phone, in-branch Digital—Autopay or invoice
Interest rate lock 90 daysDisclosure 9 30 daysDisclosure 9
Funding As soon as todayDisclosure 3 As soon as todayDisclosure 2
How to apply

Apply in person, or by phone if you have a Truist account. Call 855-527-8762.

Schedule an appointment with a Truist banker to apply for a secured boat loan. Calculate your payments on a secured boat loan.

Apply online.

Apply now for a LightStream unsecured boat loan. Explore rates and payments on a LightStream unsecured boat loan.

Frequently asked questions about boat loans

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For secured boat loans, depending on the boat’s age and loan amount, the term can vary, up to 180 months. For unsecured boat loans, you can finance for up to 144 months. Both options provide flexibility to meet your needs.

The interest rate on your boat loan will depend on factors including your credit profile, loan amount, and loan terms. Comparing multiple options can help you find the best interest rate.

Yes, you can. For a secured loan, your boat must be 10 years old or less, less than 5 net tons, and less than 30 feet in length. For a LightStream unsecured boat loan, there are no restrictions on the boat’s make, model, size, or age.

With a secured refinance loan, Truist will mail your payoff amount to your previous lender, and you’ll begin making payments to Truist under the terms of the new loan.

With an unsecured refinanceDisclosure 1 loan, you’ll use funds from your new unsecured loan to pay off the remaining balance on your existing boat loan. You’ll then make monthly payments to Truist under the terms of the new loan.

You can use a LightStream loan to refinance your existing boat loan from another lender, but you can’t use LightStream loan proceeds to refinance an existing LightStream or Truist loan.

For secured boat loans, there is no set credit score requirement, although higher credit scores are generally viewed more favorably and can result in lower interest rates. Other factors are also considered when you apply for a loan, including but not limited to your income, debt-to-income ratio, and any down payment you plan to make.

The LightStream unsecured loan requires good-to-excellent credit profiles.

Here are some characteristics we find people with good-to-excellent credit share:

  • Credit history: Several years of credit history (excellent credit profiles have 5 or more years) with a variety of account types, including major credit cards, installment loans, vehicle loans, and mortgage debt, if applicable.

  • Assets: The ability to save money, shown by retirement or investment accounts, as well as liquid assets such as checking and savings accounts.
  • Income vs debt: Stable income and assets with the ability to repay current debt obligations in addition to the new LightStream unsecured loan. (Excellent credit profiles typically include little, if any, credit card debt.)

  • Payment history: A good-to-excellent payment history with few or no late payments, and no other problems repaying debt.


Everyone’s credit profile is unique, and during our approval process, we look beyond your credit score and examine your entire credit profile. Please note: A high FICO® score doesn’t guarantee approval.

 

Note for joint applicants: Each party on an application is reviewed equally since they share responsibility for this loan.

You may also be interested in these options.

Home Equity Line of Credit (HELOC)

Turn your home’s equity into opportunity. Remodel, invest, or take care of big expenses.

Learn more about a Home Equity Line of Credit.
RV loans

Where will the road take you? Get there in comfort and style with an RV. We have secured and unsecured options for buying new or used, or refinancing.

Learn more about RV loans.
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Just a moment : loading interest rates

Disclosure 1 LightStream boat refinance loan proceeds cannot be used to finance an existing LightStream loan or be used for cash out refinance purposes.

Disclosure 2 For the LightStream boat loan: You can fund your loan today by wire transfer if today is a banking business day, your application is approved, and you complete the following steps before 2:30 pm ET: (1) review and e-sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; and (3) complete the final verification process.

Disclosure 3 For a secured boat loan: Your loan officer will provide you with guidance on what documentation is needed to help expedite the approval process.

Disclosure 4 Your loan terms, including APR, may differ based on amount, term length, and your credit profile. Current rate range is 7.83% to 10.11% APR. Excellent credit is required to qualify for lowest rates. Less than a majority of applicants qualified for lowest rate. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. These offers are subject to credit approval under Truist underwriting guidelines including qualifying loans with certain debt to income, FICO® scores and other underwriting credit criteria.

Disclosure 5 AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Excellent credit required for lowest rate. Rates vary by loan purpose.

Disclosure 6 Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Lowest rates require excellent credit. At least 30.03% of approved applicants applying for the lowest rate qualified for the lowest rate available based on data from 10/01/2025 to 12/31/2025. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.

Payment example: Monthly payments for a $25,000 loan at 7.24% APR with a term of 3 years would result in 36 monthly payments of $774.67.

Maximum APR for a LightStream loan is {{lsiMaxRate}}%. Loan terms range from 24 - 240 months depending on the loan type.

{{lsiRateOptional:Rates are accurate as of}} {{lsiRateDate}} {{lsiRateOptional:and are subject to change.}}

Disclosure 7 Minimum loan amount may vary in some states to comply with applicable law.

Disclosure 8 For comparison purposes, a consumer who finances a new boat for $25,000 at a term of 84 months and at an annual percentage rate (APR) of 5.74% would remit 84 payments of $362.00.

Disclosure 9 For a secured boat loan: once your application is approved, the interest rate is valid for 90 days as long as there are no changes to your application or loan terms.

For an unsecured boat loan: once your application is approved, the interest rate is valid for 30 days as long as there are no changes to your application or loan terms.

Disclosure 1 LightStream boat refinance loan proceeds cannot be used to finance an existing LightStream loan or be used for cash out refinance purposes.

Disclosure 2 For the LightStream boat loan: You can fund your loan today by wire transfer if today is a banking business day, your application is approved, and you complete the following steps before 2:30 pm ET: (1) review and e-sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; and (3) complete the final verification process.

Disclosure 3 For a secured boat loan: Your loan officer will provide you with guidance on what documentation is needed to help expedite the approval process.

Disclosure 4 Your loan terms, including APR, may differ based on amount, term length, and your credit profile. Current rate range is 7.83% to 10.11% APR. Excellent credit is required to qualify for lowest rates. Less than a majority of applicants qualified for lowest rate. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. These offers are subject to credit approval under Truist underwriting guidelines including qualifying loans with certain debt to income, FICO® scores and other underwriting credit criteria.

Disclosure 5 AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Excellent credit required for lowest rate. Rates vary by loan purpose.

Disclosure 6 Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Lowest rates require excellent credit. At least 30.03% of approved applicants applying for the lowest rate qualified for the lowest rate available based on data from 10/01/2025 to 12/31/2025. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.

Payment example: Monthly payments for a $25,000 loan at 7.24% APR with a term of 3 years would result in 36 monthly payments of $774.67.

Maximum APR for a LightStream loan is {{lsiMaxRate}}%. Loan terms range from 24 - 240 months depending on the loan type.

{{lsiRateOptional:Rates are accurate as of}} {{lsiRateDate}} {{lsiRateOptional:and are subject to change.}}

Disclosure 7 Minimum loan amount may vary in some states to comply with applicable law.

Disclosure 8 For comparison purposes, a consumer who finances a new boat for $25,000 at a term of 84 months and at an annual percentage rate (APR) of 5.74% would remit 84 payments of $362.00.

Disclosure 9 For a secured boat loan: once your application is approved, the interest rate is valid for 90 days as long as there are no changes to your application or loan terms.

For an unsecured boat loan: once your application is approved, the interest rate is valid for 30 days as long as there are no changes to your application or loan terms.

Disclosures

Truist Bank, Member FDIC. © 2026 Truist Financial Corporation. Truist, the Truist logo, Truist Purple, Truist One, Truist Marquee, LightStream, and the LightStream logo are service marks of Truist Financial Corporation.

Equal Housing Lender

Investment and Insurance Products:

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  • May Lose Value

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New York City residents:

Translation or other language access services may be available. When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative. A description and translation of commonly-used debt collection terms is available in multiple languages at http://www.nyc.gov/dca.

Borrowers with Limited English Proficiency (LEP) needing information can use the following resources:

The Consumer Finance Protection Bureau (CFPB) also provides additional resources for homeowners seeking payment assistance in select languages at: https://www.consumerfinance.gov/housing/housing-insecurity/help-for-homeowners/

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