Whether it is a new or used boat purchase or refinance, our staff of experienced finance professionals will work with you, one-to-one, every step of the way to ensure your satisfaction. We offer the best boat loan rates.



At Chesapeake Financial, we offer boat loans starting at $20,000 to $25 million. The minimum down payment is 10% on loans up to $99,999, 15% over $100,000 and 20% over $500,000. Additionally, trade equity will count towards your down payment. As a result, you get the best boat loan rates!

Chesapeake Financial finances 2006 boat modes and newer. Older model years are considered on a case by case basis and vary with size of loan, age of vessel and credit scores. Brokers, dealers and private sales are welcome.

Furthermore, our boat loan rates start at 4.24% for large loans with excellent credit. Other rates are based on age of boat, amount financed and credit scores.

In addition, income verification is NOT typically required on most boat loans under $100,000 on boats 15 years old and newer. Also, up to $125,000 on model years 2016 and newer.

Chesapeake Financial offers loans for a variety of boats:

  • Bow riders
  • Bass boats
  • Cuddy cabins
  • Center consoles
  • Full cabin
  • Sport cruisers Sail boats
  • Catamarans
  • Trimarans
  • Pontoon boats
  • Cruisers
  • Yachts & Super yachts, both power and sail.

Note, We DO NOT finance boats not in the NADA guide or BUC book. This includes house boats, charter boats, air boats, commercial vessels, high performance boats, personal watercraft, inflatables, live a board or short-term bridge loans. Check out our services.

Boat Loan

Boat Loan Rates

Boat Loan Rates

Let our team of experts help you finance your dream boat.

We offer some of the most competitive boat financing and extended terms in the marine industry.

Apply Online: Apply in less than 15 minutes.

Application Review: We will review your application and contact you within 24 business hours for additional information and required documentation needed to evaluate your application.

Loan Decision & Processing: Chesapeake Financial representative will contact you to review loan terms and will request from you any final required documents.

Final Decision & Loan Closing: You review the final approved loan terms provided arrange to sign the loan documents.