Boat repair financing in time for the season.
Engine work, hull repair, or the yard bill that arrived without warning — financed fast enough to keep a haul-out from costing you the whole season on the water.
Fixed rates from
9.74%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.
- Repowering or a major engine or outdrive rebuild
- Hull, keel, or structural repair after a haul-out
- Electronics, rigging, or sail replacement
- An unexpected yard invoice or storm-damage repair
Why a Lightstream loan.
Funded in time for the season
A boat on stands is a boat you are not using. Same-day approval for qualified applicants gets the yard paid and the work started before the season slips away.
A fixed payment on a surprise bill
Haul-out surprises are stressful enough. A fixed-rate loan turns an unexpected yard invoice into one predictable payment instead of a maxed-out card.
A shorter, sensible term
This purpose is sized for faster-payoff terms, matching the loan to a repair rather than stretching it over the life of the boat.
Pay any yard or specialist
Funds land in your account, so you settle with the boatyard, the rigger, or the engine shop directly — no lender approval on the invoice.
Loan amounts and terms.
- Loan amounts
- $3,000 – $50,000
- Repayment terms
- 2–6 years
| Loan term | APR range with AutoPay* | Example payment per $10,0002 |
|---|---|---|
| 3 years | 9.74%–20.74% | $321.45/mo |
| 4 years | 10.54%–21.54% | $256.23/mo |
| 5 years | 11.44%–22.44% | $219.62/mo |
| 6 years | 11.44%–22.44% | $192.60/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.
For qualified applicants, approval and funding can happen the same day, with money deposited to your account. That lets you authorize the work and pay the yard’s deposit immediately rather than waiting on a slower secured loan while your slot in the queue moves.
Yes. Because this loan is unsecured, it is independent of any existing loan on the boat. You can finance a repower or repair without involving the lender that holds your purchase loan.
A program minimum applies, shown in the calculator. For a smaller job below that floor, boaters often bundle related work — say a repower plus new electronics — into one loan that clears the minimum.
Boat repair favors the program’s shorter term bands, listed in the calculator, so you are not still paying for this season’s haul-out several boats from now.
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.