Today’s lowest boat loan refinance rate 2

As low as

 % APR

To qualify for the lowest rate, certain conditions apply.2

What could your monthly payment be?

Use our boat refinancing calculator to estimate your rate and monthly payment.

Calculate your payment

Decide if a boat loan refinance is right for you.

Whether you’re catching the wind with your sailboat or cruising on your yacht, here are a few reasons to consider refinancing your boat loan.

Lower your interest rate

If you qualify for a lower interest rate, you could save money over the remaining duration of your boat loan.3

Reduce your monthly payment

Refinancing could help you reduce your payment to better fit your monthly budget.

Pay your loan off sooner

Your monthly payment may increase, but you may make fewer payments overall and may pay less interest in the long term.

How does boat loan refinancing work?

If you’re looking for a new boat lender, you could have a decision in just a few days when you apply for a U.S. Bank boat loan refinance. Boat refinancing isn't available in all states, or on boats registered with the U.S. Coast Guard as a documented vessel.1

 

Prepare

Gather a few things before you start:

  • Current loan balance, account number and lienholder
  • Hull identification number (HIN)
  • Insurance provider information
  • Boat registration4
  • Hull details
  • Engine details
  • Trailer details
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Apply

Fill out our easy online application (or visit a nearby U.S. Bank branch for help). In most cases, we’ll give you a decision within one to two business days. If your initial application isn’t accepted, we may respond with a counter-offer you can consider.

Apply now
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Finalize

If your application is approved, you can upload your insurance and registration documents to our online portal. A concierge agent will help you finalize the details and set up payments. Then, we’ll pay off your existing loan and update the title.

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Get started

Apply now
Call 800-473-6372
Make an appointment
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Disclosures

  1. Refinancing is available in the following states: Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin, Wyoming.

  2. Rates as low as 8.99% annual percentage rate (APR) are available for boat loans with a term of 180 months or less, a FICO credit score of 800 or higher, a loan amount of $50,001and higher, at 100% loan-to-value (LTV) or less on a baot that is less than 4 years old. Rates may be higher for loans to purchase an boat from a private party, smaller loan amounts, longer terms, used boats and other credit qualifiers. In order to receive the lowest rate advertised, a setup of automatic payments from a U.S. Bank personal checking or savings account is required. Automatic payments are not required for loan approval. The Consumer Pricing Information disclosure lists fees, terms and conditions that apply to U.S. Bank personal checking and savings accounts. The disclosure can be obtained by visiting a U.S. Bank branch or calling 800-872-2657. Loan fees apply. Monthly payment and annual percentage rate (APR) will vary based on the term, amount financed, model year, loan-to-value (LTV) percentage, credit history and applicable fees. Payment example: for an amount financed of $60,000 on a 3 year old boat over a 120-month term with a $100 origination fee, monthly payments would be $454.29 at an annual percentage rate (APR) of 8.26%. A prepayment penalty fee of 1% of the original loan amount applies if the account is closed within 1 year with a $50 minimum and $100 maximum. There may be a title registration fee which is determined by your state of residence. Offer is subject to credit qualifications. Rates are subject to change. Some additional restrictions may apply. Installment loans are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC.

  3. To be eligible for refinance, the existing loan must have been obtained at least 260 days prior to submitting your refinance application.

  4. There may be title and/or registration fees which are determined by state.

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Credit products offered by U.S. Bank National Association and subject to normal credit approval.