Boat Loans in North Carolina Starting at $20,000.00 and Refinancing Starting at $75,000.00
Credit Scores 690 or Higher Are Required

As a national lender with over 30 years experience, the team at Chesapeake Financial are not only boat loan experts, we’re boat enthusiasts.

We make boating adventures possible every day in North Carolina. Our business is built upon treating each customer with respect and helping them achieve financing for the boat of their dreams. We know how important customer service is, which is why when you contact us, you’ll be speaking with an expert in the field, not an automated system.

We’re the number one boat loan lender nationwide and proud of it. We work to ensure that every possible option is considered before making a loan determination. Our fast process also ensures that you’ll receive a response from us within 24 hours. We’ll go farther to qualify you for a boat loan than a bank would ever think about doing. We have the expertise in the industry to secure financing for you and if we can’t get you a loan, we’ll let you know why.

Reasons Our Customers Love Us

Easy Online Application

Utilize our simple application. This allows you to apply for an boat loan immediately with a response provided within 24 hours.

Fast 24hr response

Chesapeake Financial will provide you a timely response within 24 hours of your application. Give us a call or get started online so you can stop wondering and start buying.

Flexible Financing

No matter what your financial background is we will work towards a positive solution. Get in touch today to see what your RV loan options are.

Years of Experience

Trust a team with over four decades of experience. You want to feel confident moving ahead with your financing, and we will get you there with professional reliability.

Important Reasons to do Business with Chesapeake Financial Services

Boating in North Carolina

No matter where you go — from the coast to the mountains — North Carolina offers beautiful places to explore. This state provides various activities that take you through the sandy beaches of the Atlantic Coast to the isolated and serene waters of its many lakes.

Jordan Lake

Hailed as the best lake for the whole family in North Carolina, Jordan Lake has something for everyone. Located in New Hope Valley inside Chatham County, it has more than 13,940 acres of land and a shoreline of 180 miles. It offers various places for activities of all kinds such as hiking trails, campsites, swimming beaches, and plenty of boating ramps. If your active family is looking for things to do while trying to get away from the summer heat, Jordan Lake is the best choice.

boat loans
couple on boat on lake

Lake Norman

Just 15 minutes away from Charlotte lies the majestic Lake Norman, the biggest lake in North Carolina. With a total area of 32,510 acres along with a 520-mile shoreline, it is truly a water lover’s paradise and will make you feel like you’re a world away from the stresses of life. However, the best way to appreciate this stunning lake is by boat or you can enjoy a wide range of activities such as wakeboarding, water skiing, sailing, and fishing. Fish here are known to bite all year round, so you never have to wait for the seasons to catch fish

The Atlantic Ocean

The Atlantic Ocean is the second largest body of saltwater in the world and covers twenty percent of the Earth's surface. It is home to an astounding number of coral reefs and has a number of aquatic wildlife including sharks, dolphins, whales, sea turtles, and manatees. There is an entire mountain range, known as the Mid-Atlantic Ridge, buried beneath the Atlantic Ocean. Whether sailing, fishing, or relaxing, the Atlantic Ocean is a go-to vacation spot that doesn't disappoint.

Ocean

Other Notable North Carolina Boating Locations

North Carolina is a beautiful place where the waters connect to the ocean. You can find something that appeals to every type of boater here. From fishing to sightseeing, you’ll find it here in North Carolina. Here are some other places for you to bring your boat while in North Carolina:

• Fontana Lake

• Lake James

• Lake Glenville

• High Rock Lake

Call for a Consultation!

We play by the rules, but we think outside the box. Why go to a banker when you know he’s only got two things to do: turn you down or approve you. We make every effort to secure a boat loan for you. Your approval is our success.

Boat Loan Amounts

24-Hour Response

Minimum credit score

We Can’t Finance a Boat Loan If You’ve Had any of the Following Events

We realize that things happen in life, but there are some items that lenders don’t look favorably upon. If you’ve experienced any of the following events within the last several years, then we won’t be able to secure a boat loan for you.

boat loans delaware

New & Used Boat Loans in North Carolina for Broker, Dealer, & Private Sales

Whether you’re a first-time boater or a lifelong enthusiast, Chesapeake Financial can secure funding for your boat purchase. We offer the best loan rates, terms, and exceptional customer service that you’ll be hard-pressed to find anywhere else in North Carolina. 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 North Carolina. 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.

Down Payment options

  • 10% on boat loans up to $99,999 (depending on the value and age of the boat, possibly even less up to $49,999 on 2017 models or newer)
  • 15% on boat loans over $100,000
  • 20% on boat loans over $500,000
  • No Income verification required on loans under $100k and up to $124999 on boats 2017 and newer.
  • State income program for boat loans as high as $200k with proper credit scores if not self employed.

Interest Rates

The interest rate on a boat loan is based on the age of the boat, the total amount financed, your credit score, and vehicle valuation. We work with you to find the best rate possible for your situation.

Documents You’ll Need

Boats older than 2017 & over $100k requires full documentation including 2 years tax returns and a personal financial statement. Personal liquidity (liquid assets) are an important part of a large loan approval process.Your personal financial statement will need enough liquidity to cover the loan

Give Us a Call

When you call us you'll be speaking with a knowledgeable expert in the boat loan industry. Our goal is to answer all of your questions and help you secure financing if we can. If you happen to call us and we don't answer, leave your name, number, and the we'll give you a call back as soon as we can. We will call you the same day you call us and you will never be left hanging. You may also contact us using our “Contact US” page.

Models Covered Under Our Older Boat Loans

Chesapeake Financial is a national lender that offers boat financing in North Carolina on model years up to 20 years in age. Older boat model years are considered on a case-by-case basis and will vary based on the size of the boat loan, the age of the vessel, and your credit scores. Minimum loan amounts on older boats start at $2500.00 We accommodate broker, dealer, and private sales for older boat loans.

Refinancing

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 North Carolina 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 questions, feel free to give us a call. We look forward to speaking with you soon.

Refinancing starts at $75K*

*Based on value

Documents You’ll Need: 

  • Refinanced boat loans require full documentation including 2 years tax returns and a personal financial statement depending on your credit scores. State income refis are available with good credit.
  • Your personal financial statement will need enough liquidity to cover the loan.
four people eating lunch on boat

Call for Rates

Click the button below to call us today and discover your rate.

The Loan Process

1. Find the Boat of Your Dreams

2. Submit an Application.

Once the application is filled out, you’ll get a response from us within 24 hours at most. Usually the same day.

3. Get Approved.

Take your approval loan to the dealer, a private party or a broker. This will improve your purchase power.

4. Complete Your Loan Documents.

After the deal is finalized, contact us for the documents required and we’ll finalize your loan.

5. Funding.

We’ll send the funds overnight to you or the dealer. Wires are available.

6. Jump in Your Boat.

Feel the wind and spray of the open water on your new boat.

service areas

We are a national lender that deals in all of the contiguous 48 states

Check Out Our Outstanding Customer Reviews

My call was returned within minutes — not hours like other places. Phil got me a great loan with a great rate even though we were first time “big boat” buyers. Very happy with EVERYTHING that was done!

 

– MARK MILLS

Great company to do business with and would refer anyone needing a boat loan over to them. Very knowledgeable and will go the extra mile to get you the best rate. Couldn’t be more pleased.

 

– SERGIO GALINDO

Phi is a pleasure to deal with. I have financed two boats with him and he has always made it an easy, quick process. I would highly recommend contacting Phil when shopping for your boat financing.

 

– VITO MANZI

Apply for a New Boat Loan in North Carolina Today!

Frequently Asked Questions

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.

Call us. We will have a few short questions and you’re on your way.

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.