Boat Loans
One of the best parts about living in Florida is being able to enjoy the water all year long. It’s even better when you have your own boat or personal watercraft to take out. Our boat loans can help you get the financing you need with low rates and no application fee or pre-payment penalty.
Explore Boat Loan Rates
Find a boat loan to meet your needs so you can start enjoying the water whenever you want. Check out our boat loan rates below and apply today!
Advantages
- Get pre-approved
- Apply in person, by phone or online
- No application fee or prepayment penalty
- New is defined as 2023 to current model year vehicles
Advantages
- Get pre-approved
- Apply in person, by phone or online
- No application fee or prepayment penalty
- Used is defined as 2016-2022 model years
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Boat Loan Benefits
Great Rates and Fair Terms
With our new and used boat loans, you can use our fixed interest rates to lock in affordable monthly payments that will stay the same even when the market changes. You’ll also get flexible terms to fit your monthly budget, but won’t face prepayment penalties if you pay ahead. Plus you can get pre-approved and apply for a boat loan without any application fee.
Better Rates and Monthly Payments with Suncoast
Already have a boat loan with another financial institution? Refinance with Suncoast! Here are some reasons you might want to refinance your boat loan:
- Your interest rate is higher than it needs to be — if you got a loan when interest rates were higher, it might make sense to refinance when lower interest rates are available.
- Your credit score has improved since you got your car loan — if you got your loan when your credit score was lower, you may qualify for better loan options if you refinance.
- You need to reduce your monthly payments — if a personal setback or a family emergency has changed your financial situation, refinancing might help you reduce monthly payments so you can get through your setback without extra stress.
- You want a better lender — when you finance at a dealership, you may end up with a lender who isn’t very responsive or has a payment system that leaves a lot to be desired. Refinancing could make life a lot easier when you find a lender who puts your needs first
Not Just for Boats
If you’re looking to buy a personal watercraft, a Class A inboard motor vessel designed to sit, stand, or kneel with one to three people, like Jet Ski, WaveRunner, and Sea-Doo, you can take out one of our boat loans to pay for it.
Boat Loans
^Maximum term for APR shown displayed in months.
New Boat/Motor/Trailer
- Suncoast boat loans for financing boats, motors, trailers and personal watercraft.
- Get pre-approved. Apply in person, by phone or online.
- No application fee. No prepayment penalty.
- New is defined as 2023 to current model year vehicles.
- Personal watercraft 72 months maximum term.
- Payment Example: 144 payments of $10.70 per $1,000 borrowed based upon a 7.75% APR.
- Not available for Boats being used as a primary residence.
Used Boat/Motor/Trailer
- Suncoast boat loans for financing boats, motors, trailers and personal watercraft.
- Get pre-approved. Apply in person, by phone or online.
- No application fee. No prepayment penalty.
- Used is defined as 2016-2022 model years.
- Personal watercraft 72 months maximum term.
- Payment Example: 144 payments of $10.70 per $1,000 borrowed based upon a 7.75% APR.
- Not available for Boats being used as a primary residence.
Boat Loan and Refinancing FAQ
Yes. This product covers all the components of a boat loan, so it is listed for that purpose.
Suncoast boat loans cover boats, motors, trailers, and personal watercraft.
No, new and used boat loans are not available for boats used as primary residences
You could make 144 payments of $10.70 per $1,000 borrowed based upon a 7.75% APR.
For new and used personal watercraft, the maximum loan term you can secure is 72 months.
Members can use their free & clear boat as collateral and take cash out. As with other types of collateral, cash out is limited to 100% of the J.D. Power Retail Value.
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