Call Us To Pre-Qualify!
Menu
Flexible Boat Financing Solutions for Every Boater!
Boat Loans Starting At $35,000 to as high as 20 million
Search
The first step in the boat buying process is finding a new or used boat that meets your needs! Next, you can estimate your monthly payment by using our boat loan calculator.
Apply
Once you have found the perfect boat, it is time to apply for your Boat Loan. Our online application is quick & easy and will pair you with one of our marine lenders instantly.
Enjoy
You can expect a fast-funding process with all of our boat loans. First, we will email your loan documents directly to you and once returned to us, it’s a 2 day turn around. This is how you can get out on the water sooner to enjoy your new vessel!
Discover the boat of your dreams in Kentucky with Chesapeake Financial. We specialize in customized boat loans in Kentucky, prioritizing exceptional customer service. As the leading national boat loan lender, we explore multiple options to secure boat financing in Kentucky, providing a response within 24 hours. Trust our expertise to secure your boat loan in Kentucky, and if we can’t, we’ll provide a clear explanation why.
Loan Benefits
Application Process
We offer instant approvals and answers in less than 24 hours. Our team is always a call away. Have any questions? Call us to see if you pre-qualify.
Our Kentucky boat loans have competitive low rates with up to 20 year terms. Most of our loans don't require proof of income!
After being in business for over 30 years we know how to process your loan funds quickly. Our loans can be used at dealerships and for private party sales.
Our team will help you through the entire buying process! We also assist with the registration & titling process so you can just enjoy your new boat!
Want to estimate your monthly boat payment? Check out our easy-to-use boat loan calculator so you can budget in advance for your new boat loan! If you would like more information on planning your next boat loan, give our team a call today!
Securing an affordable Kentucky boat loan is crucial when financing your dream boat purchase. Whether you’re looking to invest in a luxurious yacht, a family-oriented pontoon boat, or a practical fishing boat, boat loans can provide the necessary funds upfront. With these loans, you repay the borrowed amount over time, along with interest.
Typically, boat loans offer favorable interest rates as they are secured by the boat itself. However, the availability and terms of boat loans may vary among lenders, depending on factors such as credit history, loan amount, and term length. By exploring different lenders’ options, you can find the ideal boat loan that suits your specific requirements.
Understanding the Prerequisites:
To secure a boat loan, understanding the qualifications is crucial. Lenders assess your credit score to gauge your repayment capacity and reliability. A healthy credit history can unlock favorable terms and interest rates, making the loan more affordable and manageable.
Varied Lender Requirements:
Different lenders have unique criteria, and it is essential to know these before applying. When considering your loan, boat financing companies will look at the value, age, and condition of the boat you are considering to purchase. It is important to note that most boat lenders will require a 10-20% down payment.
Down Payments:
Assess Your Financial Health:
Before diving into the application process, assess your financial status. Scrutinize your budget, check your credit score, and minimize your debt-to-income ratio. Knowing your financial health will help you determine how much you can afford and help in choosing the right loan amount for your next boat.
Gather Necessary Documentation:
Prior to starting the application process, make sure you have the following documents to ensure the boat loan process goes smoothly!
Whether you’re a first-time boater or a lifelong enthusiast, Chesapeake Financial can secure funding for your boat purchase. We offer great loan rates, terms, and exceptional customer service that you’ll be hard-pressed to find anywhere else in Kentucky. The boat loan application process is simple. We always protect your credit file and secure a boat loan that fits your budget.
Our process ensures a seamless transition from application to funding for your next boat. We even supply guidance on how and where to title your boat in Kentucky. If you have any questions at any time, we’re only a phone call away. Check out our loan information below and give us a call to get the process started.
New and used boat loans begin at $35,000 and go as high as $22 Million. We do not finance boats that are older than 20 years of age. Interest rates vary by credit scores, age of boat, and equity positions. The wholesale value must be $50,000 or higher on boats older than 15 years of age and by no means, can we finance boats that are older than 20 years of age.
We do not finance boats not listed in the NADA or BUC Value guides. Please refer to the section on what boats we can and cannot finance and the required down payments section.
There are times in life when refinancing your boat makes perfect sense. Whether you’re wanting a lower payment, a better interest rate, needing to change from joint ownership to single, or simply looking to extend your term, you’ll find that refinancing your boat loan in Kentucky is a simple process with Chesapeake Financial. You’ll receive a fast response after submitting your application through our secure portal. If you have any boat refinancing or credit questions, feel free to give us a call. We look forward to speaking with you soon.
Refinancing starts at $60,000
Are you a self-employed business person looking for a no-income verification boat loan? At Chesapeake Financial, we specialize in no proof of income loans to help you acquire the boat you want.
A no-doc loan means the borrower doesn’t have to provide the lender with standard proof-of-income documents such as tax returns, paychecks, or W2s. We may verify your income through earning statements, savings, assets, stock holdings, and more. Traditionally, self-employed no-income verification boat loans have larger down payment requirements and higher interest rates.
Over the last 33 years in business, we have become accustomed to the trials of the self-employed not having proof of income documentation. Well now we have the answer. If you do not have sufficient ability to prove your income but still maintain a high credit rating, we have more than one way of obtaining up to $199,999.00 even if you can’t.
We can also overcome the lack of personal liquidity up to $299,999. That means that even if you can prove your income but lack the large savings or investment accounts that most lenders require, we can help there as well. Please feel free to give us a call to discuss these options.
Understanding the Prerequisites:
To secure a boat loan, understanding the qualifications is crucial. Lenders assess your credit score to gauge your repayment capacity and reliability. A healthy credit history can unlock favorable terms and interest rates, making the loan more affordable and manageable.
Varied Lender Requirements:
Different lenders have unique criteria, and it is essential to know these before applying. When considering your loan, boat financing companies will look at the value, age, and condition of the boat you are considering to purchase. It is important to note that most boat lenders will require a 10-20% down payment.
Down Payments:
Assess Your Financial Health:
Before diving into the application process, assess your financial status. Scrutinize your budget, check your credit score, and minimize your debt-to-income ratio. Knowing your financial health will help you determine how much you can afford and help in choosing the right loan amount for your next boat.
Gather Necessary Documentation:
Prior to starting the application process, make sure you have the following documents to ensure the boat loan process goes smoothly!
Whether you’re a first-time boater or a lifelong enthusiast, Chesapeake Financial can secure funding for your boat purchase. We offer great loan rates, terms, and exceptional customer service that you’ll be hard-pressed to find anywhere else in Kentucky. The boat loan application process is simple. We always protect your credit file and secure a boat loan that fits your budget.
Our process ensures a seamless transition from application to funding for your next boat. We even supply guidance on how and where to title your boat in Kentucky. If you have any questions at any time, we’re only a phone call away. Check out our loan information below and give us a call to get the process started.
New and used boat loans begin at $35,000 and go as high as $22 Million. We do not finance boats that are older than 20 years of age. Interest rates vary by credit scores, age of boat, and equity positions. The wholesale value must be $50,000 or higher on boats older than 15 years of age and by no means, can we finance boats that are older than 20 years of age.
We do not finance boats not listed in the NADA or BUC Value guides. Please refer to the section on what boats we can and cannot finance and the required down payments section.
There are times in life when refinancing your boat makes perfect sense. Whether you’re wanting a lower payment, a better interest rate, needing to change from joint ownership to single, or simply looking to extend your term, you’ll find that refinancing your boat loan in Kentucky is a simple process with Chesapeake Financial. You’ll receive a fast response after submitting your application through our secure portal. If you have any boat refinancing or credit questions, feel free to give us a call. We look forward to speaking with you soon.
Refinancing starts at $100,000
Are you a self-employed business person looking for a no-income verification boat loan? At Chesapeake Financial, we specialize in no proof of income loans to help you acquire the boat you want.
A no-doc loan means the borrower doesn’t have to provide the lender with standard proof-of-income documents such as tax returns, paychecks, or W2s. We may verify your income through earning statements, savings, assets, stock holdings, and more. Traditionally, self-employed no-income verification boat loans have larger down payment requirements and higher interest rates.
Over the last 33 years in business, we have become accustomed to the trials of the self-employed not having proof of income documentation. Well now we have the answer. If you do not have sufficient ability to prove your income but still maintain a high credit rating, we have more than one way of obtaining up to $199,999.00 even if you can’t.
We can also overcome the lack of personal liquidity up to $299,999. That means that even if you can prove your income but lack the large savings or investment accounts that most lenders require, we can help there as well. Please feel free to give us a call to discuss these options.
The term is based on the value and age of the boat you are purchasing.
Yes, in fact, we do 15-20 year boat loans.
Yes, with a simple 5 question conversation. Please give us a call at your convenience.
Interest rates are based on your credit score and the value of the boat you’re purchasing. Call us for specifics regarding your situation.
Always within 24 hours and as fast as instantly.
There are several reasons why being prequalified for a boat loan can aid a buyer. First, it lets the buyer know how much money they can borrow. Second, being prequalified can make the boat buying process a smooth experience. You can walk into a dealership and have confidence that you have financing already in place. Prequalification lets you know how much boat you can afford and what the monthly payments will be.
Yes. No prepayment penalties are ever assessed.
Depending on the age and amount borrowed, as many as 20 years in term.
By having good credit and calling us for valuation.
We offer boat loans in the lower 48 States. These include Tennessee Boat Loans and Florida Boat Loans. All the information about our boat financing can be found on our website. However if you have any questions we did not answer, just give us a call!