2 This calculator is provided as a self-help tool for informational purposes only. It is only intended to estimate basic monthly payments based on your inputs. All examples are hypothetical and are for illustrative purposes only. Boats: New boat loan of $20,000 for three years at 6.05% APR will have a monthly payment of $612.
Boat Size25' in length or greater and can be documented by the USCGAny sizeLoan AmountPurchase: $25,000 to $4,000,000Refinance: $57,201 to $4,000,000$5,000 to $100,000Interest RateFixed rates from 4.99% APR to 7.99% APR 2Variable rate at 4.25% APR 2As low as 3 APR with AutoPayLoan Term (months)Terms up to 240 months 424 to 84 months.Application ProcessApply online or in a branch, or to mail, fax or drop off at one of our two Marine Lending office locationsComplete online process: application to fundingFeesNo points, service charges or processing feesNo feesUnsecured vs. SecuredSecured by the title to the boat or by the ship's mortgage/U.S. Coast Guard documentationUnsecured. Boat not used as collateral.FeaturesTax-Time Savings: Potential for tax deductible interest 5Save with our Services: The boat owner is responsible for paying the required US Coast Guard documentation fee and Ship's Mortgage lien recording fee. SunTrust can record these documents for you at no additional cost, while other lenders may charge a fee for these services.
6Use the loan for all your boat related expenses - trailer, motor, etc.Get your funds as soon as today 1Table ComparisonFor purchase or refinance of a new or used boat at least 25' in length. Our marine loan offers competitive interest rates and flexible repayment terms. Let our Marine Loan Specialists help you easily navigate the loan process.If you've got good to excellent credit, an unsecured boat loan from LightStream requires no collateral and has no fees. Plus, applications are processed online so you can get fast, hassle-free financing and access to funds as soon as today 1. Boat Size25' in length or greater and can be documented by the USCGAny sizeLoan AmountPurchase: $25,000 to $4,000,000Refinance: $57,201 to $4,000,000$5,000 to $100,000Interest RateFixed rates from 4.99% APR to 7.99% APR 2Variable rate at 4.25% APR 2As low as 3 APR with AutoPayLoan Term (months)Terms up to 240 months 424 to 84 months.Application ProcessApply online or in a branch, or to mail, fax or drop off at one of our two Marine Lending office locationsComplete online process: application to fundingFeesNo points, service charges or processing feesNo feesUnsecured vs. SecuredSecured by the title to the boat or by the ship's mortgage/U.S. Coast Guard documentationUnsecured.
Boat not used as collateral.FeaturesTax-Time Savings: Potential for tax deductible interest 5Save with our Services: The boat owner is responsible for paying the required US Coast Guard documentation fee and Ship's Mortgage lien recording fee. SunTrust can record these documents for you at no additional cost, while other lenders may charge a fee for these services. 6Use the loan for all your boat related expenses - trailer, motor, etc.Get your funds as soon as today 1. Important Information About These ProductsSubject to credit approval, eligibility and credit qualifications.1 You can fund your loan today if today is a banking business day, your application is approved, and you complete the following steps by 2:30 p.m. Eastern time: (1) review and electronically sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; and (3) complete the final verification process.2 Your actual rate may vary based on a number of factors, including loan term.
Available rates may change without notice. Property insurance required. Loan approval and final terms are subject to review of your credit history, income and other factors. Rates effective.3 Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Rate is quoted with AutoPay discount.
AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. LightStream Payment example: Monthly payments for a $10,000 loan at 5.99% APR with a term of 3 years would result in 36 monthly payments of $304.17.4 Payment example: Financed loan amount of $75,000 after a down payment of 15% with a 20-year term at a rate of 4.99% Annual Percentage Rate (APR) would result in 240 monthly payments of $494.55.5 Consult a tax advisor regarding deductibility of interest.6 The U.S. Coast Guard charges documentation and lien recordation fees that vary based on details of the transaction.
SunTrust does not mark up or profit from these fees. SunTrust, SunTrust PortfolioView, SunTrust Robinson Humphrey, SunTrust Premier Program, AMC Pinnacle, AMC Premier, Access 3, Signature Advantage Brokerage, Custom Choice Loan and SunTrust SummitView are trademarks of SunTrust Banks, Inc. All rights reserved. All other trademarks are the property of their respective owners.Services provided by the following affiliates of SunTrust Banks, Inc.: Banking products and services are provided by SunTrust Bank, Member FDIC. Trust and investment management services are provided by SunTrust Bank, SunTrust Delaware Trust Company. Securities, brokerage accounts and insurance (including annuities) are offered by SunTrust Investment Services, Inc., a SEC registered broker-dealer, member FINRA, SIPC, and a licensed insurance agency. Investment advisory services are offered by SunTrust Advisory Services, Inc., a SEC registered adviser.
GFO Advisory Services, LLC is a SEC registered investment adviser that provides investment advisory services to a group of private investment funds and other non-investment advisory services to affiliates. Mortgage products and services are offered through SunTrust Mortgage, a tradename for SunTrust Bank, and loans are made by SunTrust Bank.'
1Direct deposit required. This military special may expire at any time. Applicants must contact Navy Federal by phone or visit a branch to receive the discount.
Active duty rate discounts (which are also available for retired military members) can be applied, subject to certain restrictions.2This calculator is provided as a self-help tool for informational purposes only. It is only intended to estimate basic monthly payments based on your inputs. All examples are hypothetical and are for illustrative purposes only. Your payment amount will differ based on a variety of factors, including when your first payment is due. Accuracy is not guaranteed.3Credit and collateral subject to approval. Rates subject to change and are based on creditworthiness, so your rate may differ.
Boat and recreational vehicles must be used for recreational purposes only.Boats: New boat loan of $20,000 for three years at 6.05% APR will have a monthly payment of $612.$25,000 minimum amount financed for 61 to 84 months. $30,000 minimum amount financed over 84 months.New Motorcycles: 2018, 2019 and 2020 model years with less than 1,000 miles. New motorcycle loan of $15,000 for three years at 7.25% APR will have a monthly payment of $468.$25,000 minimum amount financed for 61 to 72 months. $30,000 minimum amount financed for 73 to 84 months.Used Motorcycles: Model years 2017 and older, or more than 1,000 miles regardless of title history. $25,000 minimum amount financed for 61 to 72 months.Other Collateral: Loan for other collateral of $15,000 for three years at 8.09% APR will have a monthly payment of $474.$25,000 minimum amount financed for 61 to 84 months. $30,000 minimum amount financed for over 84 months.
Collateral loans available for up to 180 months for home improvement on your primary residence.Navy Federal Information.©2019Navy Federal Credit Union. All rights reserved. Equal Opportunity EmployerNavy Federal conducts all member business in English. All origination, servicing, collections and marketing materials are provided in English only. As a service to members, we will attempt to assist members who have limited English proficiency, where possible.
Military images used for representational purposes only; do not imply government endorsement. Android ™, Google Pay ™ and Google Play ™ are trademarks of Google LLC. The Android Robot is reproduced or modified from work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License. App Store ®, Apple ®, Apple Pay ®, iPhone ®, iSight ®, Wallet ®, Touch ID ® and iTunes ® are trademarks of Apple, Inc., registered in the U.S.
And other countries. Amazon, Kindle, Fire and all related logos are trademarks of Amazon.com, Inc. Or its affiliates.APY = Annual Percentage Yield, APR = Annual Percentage Rate+Rates are based on an evaluation of credit history, so your rate may differ.Rates are variable and based on an evaluation of credit history, so your rate may differ.Message and data rates may apply. Are available.♦Terms and conditions are applied to gift cards.