Boat financing at a rate that does not follow the marine market.
Sail or power, new or brokerage, priced at a fixed rate that does not drift with the marine lending market. Funds land in your account so you can close on the right boat the week you find it.
Fixed rates from
9.49%APR with AutoPay*
Assumes excellent credit. Your rate is determined by your credit profile, amount, and term.
Checking your rate does not affect your credit score.
What it covers.
- A new or brokerage sailboat, cruiser, or center console
- A private-party purchase paid directly from your account
- Repowering, electronics, or a refit on a boat you own
- Survey, sea trial, registration, and first-season slip fees
Why a Lightstream loan.
A rate set by your credit, not the marine market
Boat financing rates swing with a specialty market and price up for older hulls. A fixed personal-loan rate is set on your credit and holds for the full term.
No lien on the hull
Unsecured financing means no marine lien recorded against the boat — cleaner for a future brokerage sale and no Coast Guard documentation entanglement.
Buy new, brokerage, or private
Funds in your account make you a cash buyer at a dealer, through a broker, or at a private slip — wherever the right boat is listed.
Closed before the season
Good boats sell fast in spring. Same-day approval for qualified applicants means financing is ready when the survey comes back clean.
Loan amounts and terms.
- Loan amounts
- $3,000 – $100,000
- Repayment terms
- 2–12 years
| Loan term | APR range with AutoPay* | Example payment per $10,0002 |
|---|---|---|
| 3 years | 9.49%–20.49% | $320.28/mo |
| 4 years | 10.29%–21.29% | $255.02/mo |
| 5 years | 11.19%–22.19% | $218.37/mo |
| 6 years | 11.19%–22.19% | $191.32/mo |
| 7 years | 12.29%–23.29% | $178.08/mo |
| 10 years | 12.29%–23.29% | $145.15/mo |
Funds can be received as soon as the same business day for applications approved before 2:30 p.m. Eastern time.¹
Frequently asked questions.
No. A secured marine lender requires a survey because the boat is their collateral. This loan is unsecured, so a survey is strongly recommended for your own protection on any used boat, but it is not a condition of funding — which keeps your timeline your own.
Yes. Funds are deposited to your account, so buying through a broker or directly from an owner works the same as a dealer purchase — you pay the seller and handle title or documentation transfer as a cash buyer.
No. Marine lenders cap the age of hulls they secure; because this loan is unsecured, a well-kept older boat that a title lender would decline can still be financed on your credit and income.
Yes. Size the loan to cover the purchase plus electronics, registration, and season one’s slip or storage — because the money funds to your account, the full cost of getting on the water can be in a single loan.
Related loan purposes.
Disclosures
*Loan terms vary by loan purpose, amount, term, and credit profile. The lowest advertised rates require excellent credit. 29.46% of approved applicants who applied for the lowest rate qualified for it, based on data from 01/01/2026 to 03/31/2026. The rate quoted includes the AutoPay discount; the AutoPay discount is only available prior to loan funding, and rates without AutoPay are 0.50% points higher. All loans are subject to credit approval; additional conditions and limitations apply. Advertised rates and terms are subject to change without notice.
¹Same-day funding is available if your loan is approved on a banking business day and, by 2:30 p.m. Eastern time, you complete these steps: (1) review and electronically sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; (3) complete the final verification process.
²Example payments are per $10,000 borrowed at the lowest APR shown for that term, include the AutoPay discount, and assume excellent credit. Your payment is determined by your amount, term, and credit profile.
Payment example: Monthly payments for a $10,000 loan at 7.24% APR with a term of 3 years would result in 36 monthly payments of $309.87.
Maximum APR for a Lightstream loan is 25.39%. Loan terms range from 24 – 240 months depending on the loan purpose.