Boat Loans in South Carolina Starting at $25,000.00

Proof of Income Is Not Required on Most Loans
If We Can't Do It, No One Can
Apply Today!

A national boat lender with over 30 years experience.

We make boating adventures possible every day. Our business is built upon helping customers get the boat they want and a boat loan that works for them. Want the boat of your dreams? Look no further than Chesapeake Financial for great boat loans in South Carolina. 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.

No Proof of Income Loans

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 32 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.

Reasons Our Customers Love Us

Easy Online Application

Utilize our simple application. This allows you to apply for a 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 boat 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

$25,000 Minimum Boat Loan Amount after down payment
We accommodate private sale, dealer and broker sales
Competitive Interest Rates
Easy & Secure Application Process
Easy Pre Qualification with a short question and answer phone call

24-Hour Response
100% Financing Available (for loans under $49,999 on 2018 models and up with appropriate credit scores and proper valuations.)
Flexible Proof of Income Requirements
Self-Employed Borrowers Welcome
The Best Customer Service

Boating in South Carolina

If you’re looking for a new place for adventure and exploration, look no further than South Carolina. Its gorgeous beaches, historic towns, amazing water sports, and great climate are all reasons why tourism has become such a big part of its industry. If you plan to take your boat with you, here are just a few places where you can truly enjoy what it means to ride the water.

Lake Jocassee

With a waterfall pouring into this lake, while you witness the beautiful backdrop of the Blue Ridge Mountains, not many other lakes can offer what Lake Jocassee has. This scenic lake is fed by four rivers and is nestled in Devils Fork State Park, where it showcases 7,500 acres of water along with 75 miles of shoreline. If you think that it looks familiar, that’s because it’s been featured in movies such as The Hunger Games and Deliverance. Some of the most popular activities here include scuba diving, swimming, and fishing.

Lake Marion

Lake Marion is known as the state’s largest lake, which has over 110,000 acres and spans across five different counties near the towns of Charleston, Santee, and Moncks Corner. This lake features wide expanses of water, where cypress trees give it a swamp-like appearance. It’s also abundant in wildlife, where you’re likely to find egrets, deer, wild turkeys, and alligators. The lake offers campgrounds nearby, along with piers and cabins which stretch around the lake. Big fish can also be caught here.

Lake Murray

Considered the Jewel of South Carolina, Lake Murray boasts world-class fishing and boating for the entire family. Lake Murray is 50,000 areas in size and has over 650 miles of shoreline. Besides fishing, you can enjoy paddle boarding, skiing, and sailing. Nearby non-water activities include hiking, birdwatching, and cycling.

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.

Other Notable South Carolina Boating Locations

South 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 South Carolina. Here are some other places for you to bring your boat while in South Carolina:

• Lake Wateree

• Lake Hartwell

• Lake Greenwood

• Clarks Hiil Lake

We also offer services in other states:

• North Carolina boat loans

• Florida boat loans

View all boat financing services

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.

24-Hour Response

Minimum credit score 740

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.

Late child support payments
Bankruptcies
Foreclosures
Credit scores lower than 740
Forbearances
Late car payments
Late mortgage payments

New & Used Boat Loans in South 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 South 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 South 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.

New and used boat loans begin at $25,000 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.

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 2018 models or newer)
15% on boat loans over $100,000
20% on boat loans over $500,000
No Income verification is required on loans under $100k and up to $124999 on boats 2018 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 2018 & over $100k normally requires full documentation including 2 years tax returns and a personal financial statement. Exceptions may apply. 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 boat loan lender that offers boat financing in South Carolina on model years up to 20 years in age. Boats older than 15 years of age 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 and are based on wholesale valuations. Minimum loan amounts on boats older than 15 years of age start at $50,000. We accommodate broker, dealer, and private sales.

Bow Riders
Bass Boats
Cuddy Cabins
Center Consoles
Full Cabin
Sports Cruisers
Sailboats
Catamarans
Trimarans
Pontoon Boats
Cruisers
Yachts
Power Super Yacht
Sail Super Yacht

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 and small boats older than 2008

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 South 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 $100K*

*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.

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 South 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.

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.