Boat loan monthly payment calculator

Thinking of buying a boat? Use our calculator to find out how much you might owe based on your loan amount, term and interest rate. This can help you compare offers to find the best deal for you.

How to use this boat loan calculator

1. Enter how much you want to borrow under Loan amount.
2. Type in your loan term in years (not months) under the Loan terms field.
3. Enter the loan’s interest rate if it doesn’t come with any fees under Interest rate. If your loan does come with fees, enter the annual percentage rate (APR), which includes interest and fees combined.
4. Click Calculate.
5. Review your results.

Not only will our calculator show your monthly repayments, but also how much you’ll pay in interest over the life of your loan.

Compare loans for your new boat

5 of 5 results

Updated regularly

Finder Score	APR	Min. credit score	Loan Amount
Promoted Finder score 9 Excellent SoFi personal loans	Finder score 9 Excellent	7.74%–35.49% with autopay and member discounts (0.25% each)	680	$100,000	A highly-rated lender with competitive rates, high loan amounts and no required fees.	Go to site View details Compare product selection Compare	loading
Promoted Finder score 8.5 Great Best Egg personal loans	Finder score 8.5 Great	6.99% to 35.99%	640	$100,000	Fast and easy personal loan application process. See options first without affecting your credit score.	Go to site View details Compare product selection Compare	loading
Promoted Finder score 9.3 Excellent Upstart personal loans	Finder score 9.3 Excellent	6.20%–35.99% (includes any origination fee)	300	$75,000	This service looks beyond your credit score to get you a competitive-rate personal loan.	Go to site View details Compare product selection Compare	loading
Finder score 9.5 Excellent LightStream personal loans	Finder score 9.5 Excellent	Varies by loan purpose	Good to excellent credit	$100,000	Borrow up to $100,000 with low rates and no fees.	Go to site View details Compare product selection Compare	loading
Finder score 8.2 Great Upgrade personal loans	Finder score 8.2 Great	7.74% to 35.99% (includes origination fee)	580	$50,000	Check your rates with this online lender without impacting your credit score.	Go to site View details Compare product selection Compare	loading

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How we picked these

What is the Finder Score?

The Finder Score crunches 6+ types of personal loans across 50+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

Read the full breakdown

Bottom line

When you’re choosing a loan to finance your new boat, knowing how much you’ll pay in the short and long run is crucial to figuring out which is the best deal. You can learn more about the different offers out there by reading our guide to boat loans.

Need to calculate something different? Check out our full list of personal finance calculators.

Frequently asked questions

• What is the average interest rate for a boat loan?

  Interest rates depend on both your lender and credit history, but they usually start somewhere between 4% and 6%. The lowest rates are typically reserved for those with high incomes and excellent credit.

• How long can I get a boat loan for?

  Since boats can be pricey, the average term for a boat loan is typically longer than that of your average personal loan, clocking in anywhere from seven to 15 years. Though some lenders might offer terms as long as 20 years.

• What credit score do I need for a boat loan?

  Because boat loan amounts can be rather high, lenders typically require good credit for you to qualify. It’s best to have a credit score of at least 700 if you want to get approved for the most competitive rates.

Written by

Ezra Wolfgang

Graduate publisher

Ezra Wolfgang was a video producer at Finder, helping people compare providers to choose the best for their needs. Prior to joining Finder, Ezra interned on the assignment desk at ABC News in New York, where he helped find, develop and write breaking news stories. Ezra earned a BA in media studies from Hunter College, taking a healthy dose of courses in film and documentary production, print and digital reporting and studio television. In his spare time, Ezra goes on the occasional run, takes photos, writes scripts and shoots his own tiny, short films. See full bio