Get out on the water with a boat loan
Our Seacoast lending team understands the local boating lifestyle and can help you finance time on the water with confidence.
Financing that gets you out there
Navigate with a team that knows the waters and helps you secure financing that aligns with your goals.
Current boat loan rate
| APR | Term | Monthly payment per $1,000 borrowed | Minimum & maximum loan amount |
|---|---|---|---|
| 9.00%1 | Up to 10 Years | $12.682 | $15,000.00-$200,000.00 |
1Annual Percentage Rate (APR) as of 04/08/2026 may be as low as 9.00% and is subject to change without notice. APRs assume excellent borrower credit history. Your actual APR may differ based upon your credit history, loan amount and term. All loans are subject to credit approval. Terms and conditions are subject to change without notice. The displayed rate reflects a 0.25% reduction in rate for auto-payment from a Newburyport Bank deposit account.
2Principal and interest payment are based on lowest rate and maximum term.
2Principal and interest payment are based on lowest rate and maximum term.
Boat Loans FAQs
What types of boats can be financed with a boat loan?
Boat loans can typically be used to finance new or used boats. Eligibility may vary based on the type, age, and condition of the vessel.
How are boat loan rates determined?
Rates are based on factors such as credit history, loan amount, term length, and boat details. A lender can help review available options.
Are there flexible repayment terms available?
Yes. Boat loans offer flexible terms designed to fit a variety of budgets and timelines.
Can I finance a used boat?
Yes. Financing may be available for both new and used boats, depending on eligibility and loan requirements.
