You can get a boat loan with a credit score in the mid-500s, but a score above 700 will result in the best interest rates.
Every lender has their own credit score requirements, but you can typically qualify for boat financing with a credit score of 600 or better. Those with a credit score above 700 will usually receive the best interest rates and lower down payments. Even if you have a lower credit score, say in the mid-500s, you may still be able to qualify for a boat loan. Just keep in mind, you’ll probably have to pay a higher interest rate, make a larger down payment and pay additional fees.
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