Cast Off with Smooth Sailing Boat Financing
We specialize in boat loans for all types of new and used marine vessels: power or sail including personal watercraft, bass boat, trawlers, multi-hulled and more. From the beginning of the journey to the end, we give you a hassle free experience. We offer competitive rates with flexible terms for secured and unsecured loans. Are you ready to dive into boat financing?Apply Online
Estimate Your Payment
Get Boat Financing from $5,000 and Up
Have on Hand
- Asset information
- 2 years of verifiable income history
- Debt info
- Social Security or Taxpayer ID Number
Here’s What’s What
- Terms that go up to 20 years*
- Fixed monthly payments
- No prepayment penalty
- Get a 0.25% rate discount when you set up an automatic payment from a Bank of the West deposit account at the time of loan closing
* Example of a boat loan: A 12 year fixed rate $25,050 loan (includes a $50 processing fee) with a 6.890% APR would have 144 monthly payments of $255.63.
1. Fill out application
2. Get approved
3. Finish loan paperwork
What might prevent me from getting a loan?
Loans are subject to credit and application approval. Credit scores of 690 or higher are preferred.
Can I have a co-signer?
No. Co-signers are not currently permissible for this particular loan.
What is the process? Do I need to come to a branch?
You do need to come into a branch to sign the final paperwork.
I got denied. Now what?
Poor credit scores are the most common reason that people do not qualify. Please read this article, Good Credit Planning, to improve your score and reapply when it improves.
Check out More FAQs
The more you know, the better your course will be for a boat loan.
Subject to credit approval. Certain restrictions apply.
Automatic Payment rate discount of 0.25% is valid only for applications submitted directly to Bank of the West via the Apply Now link, at a branch, or over the phone to a Bank of the West Call Center. Cannot be combined with other relationship discounts.
APR is the Annual Percentage Rate. Subject to consumer loan program guidelines and credit approval. Certain fees, closing costs and restrictions may apply.
APR applied to the loan is the APR in effect on the date the application is received and is valid until 30 days from application date.
APRs may vary with loan term.
Maximum loan term is based on loan amount.
Rates and terms are subject to change without notice.
Credit score may vary depending on credit reporting agency.