Boat & Yacht Loan Financing - Financing for new or used boats and yachts

FAQs

Can I refinance a boat loan?

• Yes, you can. Seacoast Bank offers refinancing options to help you potentially lower your interest rate or extend your loan term.

How long does it take to get a boat loan?

• Our streamlined process allows for quick decisions. In many cases, you should receive a loan approval within one business day after applying. However, keep in mind that while approval may be given, the distribution of funds may take up to an additional week.

How do I find local boat loan rates?

• Seacoast Bank offers competitive rates for boat loans, which are updated regularly. You can view the most current rates on our website or contact our personal lenders, who can provide personalized rate information and Florida boat financing options.

Are there credit requirements or limitations for boat loans?

• Yes, a credit check is typically part of the application process. Having good credit can qualify you for better rates and terms.

What I Need to Apply?

• At Seacoast Bank, we’ve streamlined the application process to get you on the water quickly. To get started, simply gather the following information:

  • Driver’s License - We’ll need a copy of your valid driver’s license for identification purposes.
  • Proof of Income - Recent pay stubs, W-2s or other documents verifying your income will help us determine your loan eligibility.
  • Collateral Information (if applicable) - For secured loans, you’ll need details about the boat you’re financing, including the manufacturer, model year and value.
  • Estimated Boat Cost - Be sure to include the total purchase price, any warranties you plan to add and estimated taxes and fees to get the most accurate loan amount.