If you want to apply for a boat loan, you can expect most lenders to require a minimum score of 680. However, some lenders will work with borrowers who have lower credit scores.

Lenders may offer secured loans into the millions, depending on the boat's value, with terms up to 20 years. However, the type of boat you want to buy could limit your choice of repayment term ...

To determine the best boat loans, CNBC Select analyzed dozens of U.S. lenders offering both personal loans that can be used to finance a boat purchase and lenders offering boat loans specifically.

Our boat loan calculator can help. A boat loan can help you finance the cost of a boat, which typically ranges between $20,000 to $75,000, depending on the type of boat.

We collected data, researched, and evaluated APRs, fees, loan amounts, and terms from 59 leading personal loan lenders to help you find the best boat loans. Skip to content. News ...

If you finance, lenders generally limit boat loan payments to 15% of your gross monthly income. Someone with $20,000 of monthly retirement income could spend up to $3,000 per month on the boat.

Different lenders will have different credit score requirements. If you want to apply for a boat loan, you can expect most lenders to require a minimum score of 680.