Boat Loan Programs
Buying a boat is a big deal. As this community's financial guide, we want to help you navigate the financing process and maximize opportunity. Plus, you get a team of local lenders at your side who want the best for you.
| Loan Type | APR | Maximum Term | Monthly payment per $1,000 borrowed | Minimum & Maximum Loan Amount | Apply |
|---|---|---|---|---|---|
Boat Loan-Small (< 25ft & < 5 tons) | 6.50%1 | Up to 10 Years | $11.363 | $25,000.00- $250,000.00 | Apply Now |
Boat Loan-Large (25+ft & 5+ tons) | 7.25%2 | Up to 20 Years | $7.913 | $50,000.00- $500,000.00 | Apply Now |
1 Annual percentage rate as of 12/1/22 is 6.50% and is subject to change without notice. The monthly principal and interest payment per $1,000 is $11.36. This boat loan program reflects a .50% reduction in rate for auto-payment from a Newburyport Bank deposit account. Loan approval and APR are subject to creditworthiness. Displayed terms are based on a credit score of 800+. Displayed terms are for loans up to 80% loan to value. Terms and conditions are subject to change without notice.
2 Annual percentage rate as of 12/1/22 is 7.25% and is subject to change without notice. The monthly principal and interest payment per $1,000 is $7.91. This boat loan program reflects a .50% reduction in rate for auto-payment from a Newburyport Bank deposit account. Loan approval and APR are subject to creditworthiness. Displayed terms are based on a credit score of 800+. Displayed terms are for loans up to 80% loan to value. Terms and conditions are subject to change without notice.
3 Principal and interest payment based on the lowest rate and maximum term.