Boat Loans

New Boat Loan Used Boat Loan Boat Loan Refinance Lease Buyout


Call 1-877-422-6569 8 a.m. - 11 p.m. ET Monday - Thursday 8 a.m. - 9 p.m. ET Friday 9 a.m. - 5:30 p.m. ET Saturday

Apply for Boat Loans With Nationwide

Find the boat loan that fits your budget with boat financing from Nationwide Bank®. We offer low boat loan rates and flexible terms. It takes just minutes to get preapproved, and you can finish the loan online anytime, anywhere.

Current boat loan rates

Whether you are applying for a new boat loan or want to refinance your existing loan, check out our current boat loan rates below.

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

Loan amount Terms available
$25,000+     Up to 144 months
$12,000+         Up to 72 months
$2,000+ Up to 60 months


Nationwide Bank offers the same great rates for new, used and refinance boat loans. And you can do everything online – from getting preapproved to signing your loan documents to paying the seller. You can also add the cost of the boat trailer to your loan.

There are no fees to apply and no fees to refinance, so apply today!

How to apply

Get preapproved on our secure site and finish your loan when you find the boat you want.

You must be 18 years or older and a U.S. citizen or legal resident to apply for a loan. Have the following information available to complete your boat loan application.

Personal information Financial information Boat information
  • Previous address if you've been in your current home less than two years
  • Previous employer if you've been with your current employer less than two years
  • The amount you wish to borrow or refinance for your boat loan
  • Annual income (salary, bonuses, retirement income, etc.) and other income (child support, alimony) if you wish to have it considered as a basis for repaying your boat loan
  • Bank account information for your automatic loan payments1
  • Year, make, model and HIN2 
  • Purchase price
  • Trailer and motor information
  • Name, address and phone number of the seller or dealership

If you are applying for a boat loan with another person, you will need to have that person’s residence information, too.


Do I have to purchase a boat through an authorized dealer in order to get boat financing?

No. You can buy your boat from a dealership or private party to get a new or used boat loan from Nationwide Bank. The name and address of a private party must match the vehicle title when entering it within the application.

What boats are not eligible for a Nationwide loan?

Nationwide Bank does not offer loans on boats that have a salvage title or with a model year before 1960. Specific types of vehicles such as jet skis, rowing boats and inflatable boats are not eligible for financing.

After I am approved, how quickly can I get a check?

Because Nationwide Bank is a digital bank, everything happens online, including financing your boat. We make it easy by sending the funds from your loan directly to the seller.

Here's how it works:

In our boat loan application, we will ask you for the address and phone number of the seller.

Once you’ve signed your loan documents, we will email you a secure Funding Code and a link to the Nationwide Payment Center. When you’re ready to get your boat, simply share this information with the seller. The seller will tell Nationwide Bank where to deposit the funds, and you can drive home in style.

Please note, if you purchase a boat through a private individual, the price of the boat will go straight to the seller. The rest of your loan will go into your account for you to pay tax and any fees as part of the purchase. Be sure you receive the signed title of the boat so you can send it to Nationwide Bank.

For boat refinance loans, we will send the check directly to the lender.

Is it possible to pay off my boat loan early?

Yes. Nationwide Bank does not charge a penalty for paying off your loan early.

What isn’t included in the price of my boat?

Be sure you factor in sales tax, any dealer fees and the cost of an extended warranty if you purchase one.

Make sure your boat is protected in and out of the water. Get a boat loan insurance quote from Nationwide today.

Share Article