Boat Loan

Boat loan features

Get low interest rates on your new or used boat loan from Nationwide Bank. Already have a boat loan? Refinance at a lower rate to save money.

Boat loan rates

Use this table to help you find the right boat loan rate for your budget. Our rates are the same for new and used boats as well as for refinancing a current loan.

Bank loan terms

Depending on the amount you wish to borrow for your boat loan, you can find a term that suits your needs. The boat loan terms below are available in 6-month increments.

Loan amount	Terms available
$50,000+	Up to 84 months
$25,000 - $49,999	Up to 72 months
$12,000 - $24,999	Up to 60 months
$1,000 - $11,999	Up to 48 months

What you need to apply for a boat loan

Nationwide Bank has a quick and secure boat loan application so you can get the loan you need to buy the boat you want. Before beginning your application, gather this basic information about yourself and the boat you want to buy. If you don’t have a boat picked out yet, that’s OK – you can still apply to be preapproved for a boat loan.

You must be 18 years or older to apply for a boat loan.

If you are applying for a boat loan with another person, and this person agrees to apply jointly, you will need to have his or her ID, residence, job and income information, too.

Find answers to the top boat loan questions

Q. Do I have to purchase a boat through an authorized dealer in order to get boat financing?
A. No. You can buy your boat from a dealership or a private party when you get a new or used boat loan from Nationwide Bank.

Q. After I am approved, how quickly can I get a check?
A. After you fill out the loan application online and you are approved, we’ll send you boat loan documents to read, sign and return. Once we receive your signed documents, you’ll get a check in two business days.

Q. Is it possible to pay off my boat loan early?
A. Yes. You can pay off your boat loan early with no penalties.

Q. How much is my current boat worth?
A. If you are going to trade in your current boat or sell it to another person, it’s important to know a fair asking price. Use websites like nada.com to find out what your boat is worth.

Q. What isn’t included in the price of my boat?
A. After you’ve negotiated a fair deal, you may be surprised to find yourself writing a check for more than you thought. When you buy a boat, be sure to factor in:

• Sales tax
• License and registration fees
• Dealer administrative fee

Don’t forget that Nationwide can provide you with the insurance you need to stay protected on the water. Request a boat insurance quote from Nationwide Insurance today!