Today’s lowest boat loan refinance rate 2

As low as

9.24% APR

To qualify for the lowest rate, the loan must include:

  • A term of 48 months or less
  • A loan for $25,000 or more
  • Financing of not more than 100% of the boat’s value
  • A boat that is 12 months old or less
  • Automatic payments from a U.S. Bank personal checking or savings account

Should I refinance my boat loan?

Lower your interest rate

If you qualify for a lower interest rate, you could save money over the remaining duration of your boat loan.

Lower your monthly payment

Refinancing could help you reduce your payment to better fit your monthly budget.

Pay your loan off sooner

Your monthly payment may increase, but you’ll make fewer payments overall and may pay less interest in the long term.

How does boat loan refinancing work?

If you’re looking for a new boat lender, you could have a decision in just a few days when you apply for a U.S. Bank boat loan refinance. We don’t offer boat refinancing in all states.1


Gather a few things before you start:

  • Current loan balance, account number and lien holder
  • Boat identification number (BIN) 
  • Insurance provider information
  • Boat registration


Fill out our easy online application (or visit a nearby U.S. Bank branch for help). We’ll give you our decision within 3 to 5 business days. If we don’t accept your initial application, we may respond with a counteroffer you can consider.


If you’re approved, grab your insurance and registration documents and stop by your local U.S. Bank branch. A loan officer will help you finalize the details and set up payments. Then, we’ll pay off your existing loan and update the title.

Start of disclosure content
  1. Boat loan refinancing is available in the following states: Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin, Wyoming.

  2. Rates as low as 9.24% annual percentage rate (APR) are available for 4-year boat loans $25,000 and higher at 100% loan-to-value (LTV) or less on a new boat. Rates may be higher for loans to purchase a boat from a private party, smaller loan amounts, longer terms, used boats and other credit qualifiers. In order to receive the lowest rate advertised, a setup of automatic payments from a U.S. Bank personal checking or savings account is required. Automatic payments are not required for loan approval. The Consumer Pricing Information brochure lists fees, terms and conditions that apply to U.S. Bank personal checking and savings accounts. This brochure can be obtained by visiting a U.S. Bank branch or calling 800-872-2657. Loan fees apply. Loan payment and APR will vary based on the loan amount, the term, and any fees. Loan payment example: for a $25,000 boat loan over a 48-month term, monthly payment would be $624.98 at an APR of 9.24%. A prepayment penalty of 1% of the original loan amount applies if the account is closed within 1 year, with a $50 minimum and $100 maximum. There may be a title registration fee which is determined by your state of residence. Offer is subject to credit qualifications. Rates are subject to change. Some additional restrictions may apply. Installment loans are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC.

Start of disclosure content

Credit products offered by U.S. Bank National Association and subject to normal credit approval.