PERSONAL LOANS
LightStream: Best overall boat loan
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As one of the most competitive online lenders in the personal loan space, LightStream's boat loans are geared toward borrowers who have strong credit and need a large loan. Plus, its minimum interest rate is the lowest out of all of our best boat loans.
- Several years of mixed credit
- Assets or savings
- Stable, sufficient income
- Few reported delinquencies
- None
Same day if approved before 2:30 p.m. ET, Monday through Friday
Pros
- Longer terms
- High maximum amount
- No down payment
Cons
- Requires excellent credit
- Limited eligibility criteria
- No due date flexibility
*Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are .50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 9.99% APR with a term of 3 years would result in 36 monthly payments of $322.62. Truist Bank is an Equal housing Lender. © 2024 Truist Financial Corporation. Truist, LightStream, and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.