Marine Loan Fixed Rates

Loan Amount Maximum Loan Term Vessel Length Client Annual Percentage Rate1
$75,000 - $4,000,000 240 Months 25 feet or longer 4.99% APR
$53,501 - $74,999 180 Months 25 feet or longer 5.12% APR
$25,000 - $53,500 180 Months2 25 feet or longer 6.25% APR

3-Year Fixed Adjustable Rate Program

$100,000-$4,000,000 Fixed for 3 years at 3.99% APR then adjusts to WSJ prime rate + .50%. Amortized over 240 months. Prepayment penalty 1.50% for first 12 months.

Monthly Variable Rate Loan Program

$100,000-$4,000,000 Amortized over 240 months. Prepayment penalty 1.50% for first 12 months. Rate adjusts monthly to 1 Month LIBOR + 350 bps. The rate for Feb 2014 is: 3.66% APR.

For Small Boat Loan rates, call 800.279.4824.

Important Information

1Your actual rate may vary based on a number of factors, including loan term. Available rates may change without notice. Property insurance required. Loan approval and final terms are subject to review of your credit history, income and other factors. Rates effective 02/01/2014.

2Payment Example: A borrower financing $25,000 after a down payment of 15% at an Annual Percentage Rate of 6.25% would make 180 monthly payments of $214.35

SunTrust Marine Lending offers marine loans throughout the U.S. with exceptions to the following states: Alaska, Hawaii, Idaho, Montana, Nebraska, North Dakota, South Dakota, Utah, Vermont, and Wyoming.

SunTrust Small Boat Loans are available in AL, AR, FL, GA, MD, MS, NC, SC, TN, VA, WV and DC.

Contact Us

To reach a SunTrust representative:

  • 800.797.2628
  • Marine Lending Specialist
  • 800.SUNTRUST
  • Existing Marine Loans
  • 800.279.4824
  • Small Boat Loan Applications
  • Email us
  • Chat now

Securities, Investment and Insurance Products and Services:

  • Are Not FDIC or any other Government Agency Insured
  • Are Not Bank Guaranteed
  • May Lose Value

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