Boat Loans

Here are a few things that affect your eligibility:

• Credit history
• Income and expenses
• Loan purpose³
• State of residence*

To get your OneMain loan, you will need to provide the following:

• Proof of identity (such as a driver’s license, state-issued ID card, passport or available third-party verification service)
• Proof of residence (such as a driver’s license with current address, utility bill or signed lease)
• Proof of income (such as pay stubs or tax returns)

We may ask for more info based on your situation. Take the next step and start your loan application today.

At OneMain, boat loan terms are offered based on each customer’s personal situation and needs. Here are a few things that affect your loan terms:

• Credit history
• Income
• Expenses
• Value of collateral (for a secured loan)
• Where you live

*Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: $3,100. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.

Borrowers in these states are subject to these maximum loan sizes: North Carolina: $11,000 for unsecured loans to all customers; $11,000 for secured loans to present customers. Maine: $7,000. Mississippi: $12,000. West Virginia: $13,500. Loans to purchase a motor vehicle or powersports equipment from select Maine, Mississippi and North Carolina dealerships are not subject to these maximum loan sizes.

If you believe this is the best time to buy a boat, a personal loan from OneMain can help. You can use the boat loan to cover routine or ongoing costs of boat ownership.

The amount of time you can finance a boat loan varies by lender and customer, but OneMain Financial boat loans typically have repayment terms of 2–5 years.

We work with a wide range of customer credit scores and take your whole financial picture into account to help you find a loan that’s right for you.

If you’re still unsure if you can get a loan for the boat you have your eye on, you can start by seeing if you’re prequalified for a personal loan today. Checking for offers won’t affect your credit score.

From the start of the application to receiving the funds, the OneMain loan process could be as quick as one day.

Loan timing may vary based on: when you submit your application, how many documents are needed for approval, how long it takes for OneMain to receive, review and verify those documents, and whether your loan is secured by collateral, among other factors.

• Completing the online loan application: Takes just minutes to complete and see your loan options.*
• Signing your loan documents: After final loan approval, signing your closing documents takes about 30-45 minutes.
• Receiving your funds: When using your debit card to receive funds, you can get your money as soon as an hour after signing the loan documents. Funds can also be paid out by direct deposit (ACH), which are available approximately 1-2 banking days after loan closing.

A check can be issued as soon as the same day as the closing.

*Timing may vary based on: when you submit your application, how many documents are needed for approval, and how long it takes for OneMain to receive, review, and verify those documents, and whether your loan is secured by collateral, among other factors.

Are you still wondering if a boat loan is right for you? Don’t worry — we’re here to help. Just find a branch near you and let’s talk.