Boat Loans

Are you looking for boat financing options that meet your budget, credit, and income needs? Chesapeake Financial is a reliable and trusted boat lender in the Annapolis, MD area because we provide secure boat loans that protect your credit and fit your budget.


We are not just lenders, we are financial experts who share a passion for boating and want to help our clients get the boat of their dreams while staying within their financial limits.

Ready to get started?

Apply Now and Receive a Response in 24 hours!
You have options with us

Flexible Financing Boat Loans Available

At Chesapeake Financial, you will not be turned away due to:


  • Self Employment
  • Difficulty with Proof of Income
  • Budget Concerns 


A new boat loan is within reach with our experts, who are experienced in working with different incomes, employment, and more to help get every boater out on the water. We ensure you receive boat financing tailored to your needs.


If you’re ready to begin the boat loan application process, fill out our free online application or give us a call. We promise a 24hour response time and sometimes can provide instant approval with good credit scores on models 2015 and newer.


Stop waiting and start sailing with our boat loans — the water is waiting for you, and we want to get you there. 

bad credit boat loans
sail boat loans
Down Payments are affordable with us

Boat Financing Details with Chesapeake Financial

Our New and Used Boat Loans begin at $20,000 and go as high as $25-Million.


Our minimum down payments are:


  • 10% on boat loans up to $99,999
  • 15% on boat loans over $100,000
  • 20% on boat loans over $500,000


The trade equity does count towards your down payment, so talk with us about your options. Income verification is not typically required on most loans under $100,000 on units 15 years old and newer and up to $124,999 on model years 2016 and newer.


We offer refinancing options starting at $68,000 and up on your existing boat loans. If you are looking to adjust your financing options, talk to us about what we can do for you.

we look at your needs

Boat Loan Interest Rates that Work for You

We offer boat loan interest rates that begin at 4.24% on large loans with excellent credit. Other rates may apply based on the age of boat, the amount financed, and credit scores.


Talk to us about your needs when looking for the boat you want to purchase and considering your options. Give us a call and we promise to work on a positive solution or return your call the same day if we’re not in the office.


We will together to provide a solution that allows you to get on the water within the needs of your budget.

bad credit boat loans
Is Your Boat Covered

Models Covered Under Our New and Used Boat Loans

Chesapeake Financial offers boat financing on model years 2005 and newer. Older model years are considered on a case by case basis and will vary based on the size of loan, the age of vessel, and credit scores. We accommodate broker, dealer, and private sales for your boat loan.

We Offer Boat Loans For:
  • Bow Riders
  • Bass Boats
  • Cuddy Cabins
  • Center Consoles
  • Full Cabin
  • Sport Cruisers
  • Sailboats
  • Catamarans
  • Trimarans
  • Pontoon Boats
  • Cruisers
  • Yachts
  • Power Super Yacht
  • Sail Super Yacht
We Do Not Finance:
  • Boats Not in the NADA Guide
  • Boats Not in the BUC Book
  • House Boats
  • Charter Boats
  • Air Boats
  • Commercial Vessels
  • High-Performance Boats
  • Personal Watercraft
  • Inflatables
  • Live Aboard
  • Short-Term Bridge Loans

Why Choose Us

Easy Online Application
Our simple online application allows you to apply for a boat loan immediately and you will receive a response within 24hours
Fast 24hr Response
Whether you apply online or give us a call, we won’t leave you waiting and wondering; get a response within 24hours so you can prepare to get the boat or RV you desire
Flexible Financing
We work with clients with various financial backgrounds so we can always work towards a positive solution no matter what your budget is
Years of Experience
With over four decades of experience and a positive reputation, we ensure that your financial needs are handled and you feel confident making your boat purchase

Ready to get started?

Apply Now and Receive a Response in 24 hours!