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Head out on a new adventure with the marine or boat loan that’s right for you.

Now that you've decided to set sail on a new or used boat, it's time to consider your financing options. There are multiple loan options to choose from, depending on the size and cost of your boat. Explore your options and get underway with the loan that fits your needs today.

  • Loans for boats of every size
  • Competitive interest rates
  • Secured and unsecured options available
  • Apply online in minutes
  • Boat Size
  • Loan Amount
  • Interest Rate
  • Loan Term (months)
  • Application Process
  • Fees
  • Unsecured vs. Secured
  • Features
  • Conditions
  • Marine Loan

    For purchase or refinance of a new or used boat at least 25' in length. Our marine loan offers competitive interest rates and generous repayment terms. Let our Marine Loan Specialists help you easily navigate the loan process.

  • 25' in length or greater and can be documented by the USCG
  • Purchase: $25,000 to $4,000,000
    Refinance: $54,601 to $4,000,000
  • Fixed rates as low as 4.75%2 APR
    Variable rates as low as 3.75%2 APR

    Check Marine Rates >
  • Terms up to 240 months4
  • Apply online or in a branch, or download and print an application form to mail, fax or drop off at one of our two Marine Lending office locations
  • No points, service charges or financing fees
  • Secured by the title to the boat or by the ship's mortgage
  • Potential for tax deductible interest5
    Filing of U.S. Coast Guard documentation and lien recordation fees at cost6
    As a member of the National Marine Lenders Association, SunTrust Marine Loan Specialists have the knowledge and experience to help you navigate the loan process.
  • Fiberglass and aluminum hulls, 25' in length or greater, less than 20-year-old models. (Less than 15 years for multi-hulls and less than 10 years for houseboats)

    Recreational use only.

    Requires U.S. Coast Guard (USCG) documentation.

    Not available for high performance boats (60+ mph), commercial vessels, floating homes, barge or dredge boats or personal watercraft (PWC).

    Warranties or sales tax cannot be financed.

    Not available in Hawaii or Vermont.

    Minimum down payments

    Survey required for used purchase

  • LightStream Boat Loan

    If you've got good to excellent credit, an unsecured boat loan from LightStream requires no collateral and has no fees. Plus, applications are processed online so you can get fast, hassle-free financing and access to funds as soon as today1.

  • Any size
  • $5,000 to $100,000
  • As low as 3 APR with AutoPay
  • 24 to 84 months*
  • Complete online process: application to funding
  • No fees
  • Unsecured. Boat not used as collateral.
  • Use the loan for all your boat related expenses - trailer, motor, etc.
    Get your funds as soon as today1
  • Loan proceeds may not be used to refinance any existing loan with LightStream.

Important Information About These Products

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.m. Eastern time: (1) review and electronically sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; and (3) complete the final verification process.

2 Your 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 3/17/2017.

3 The APR listed is for an unsecured boat, RV or aircraft loan between $10,000 and $24,999 with a term between 24 and 36 months, for applicants with excellent credit. Your APR may differ based on loan purpose, amount, term, and your credit profile. Rate is quoted with AutoPay discount, which is only available when you select AutoPay prior to loan funding. Rates under the invoicing option are 0.50% higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.

* LightStream Payment example: Monthly payments for a $10,000 loan at 3.24% APR with a term of 3 years would result in 36 monthly payments of $291.87.

4 Payment example: Financed loan amount of $75,000 after a down payment of 15% with a 20-year term at a rate of 4.75% Annual Percentage Rate (APR) would result in 240 monthly payments of $484.66.

5 Consult a tax advisor regarding deductibility of interest.

6 The U.S. Coast Guard charges documentation and lien recordation fees that vary based on details of the transaction. SunTrust does not mark up or profit from these fees.

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