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. To explore what your new loan payments might look like, try our Boat Loan Calculator at seacoastbank.com/boat-loan-calculator.

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. 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 at seacoastbank.com/personal/lending/consumer-lending/rates or contact our personal lenders, who can provide personalized rate information and 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 do I need to apply?

To get started, you will need a valid driver's license for identification, recent pay stubs, W-2s or other income verification documents, details about the boat you are financing including the manufacturer, model year and value, and the total estimated boat cost including any warranties, taxes and fees.

Boat & Yacht Loans & Financing

Whether you’re buying your first fishing boat, purchasing a cruiser or financing a yacht, Seacoast Bank offers boat loans built for Florida borrowers.

We offer competitive rates, flexible terms and local lenders to get you on the water quickly and affordably.

Financing is available for new and used boats, yacht purchases, refinancing an existing loan, custom boat construction, refit and even offshore delivery.

Ready to see what you can afford? Use our Boat Loan Calculator to estimate your monthly payment, then connect with a local lender when you’re ready to apply.

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What You Can Finance with a Seacoast Boat Loan

Flexible Lending Options

New Boat Loans: Finance a new vessel with competitive rates and flexible terms. Seacoast offers boat loans for model years starting at 2020 through 2026, with loan amounts ranging from $10,000 to $250,000.

Used Boat Loans: Pre-owned boat financing is available for qualified vessels, with rates and terms based on the boat’s age, condition and your credit profile.

Yacht Financing: Seacoast has lenders experienced in yacht loans who can help structure financing to fit your situation, whether you’re purchasing a motor yacht or a sailing vessel.

Refinance Your Boat Loan: If you have an existing boat loan, refinancing may help you find a lower rate or adjust your term. A local lender can review your current loan and walk you through your options.

Finance Beyond Purchase: Seacoast can also help finance custom boat construction, vessel refit, offshore registration and international delivery.

Applying for Your Boat or Yacht Loan or Refinancing Is Simple

At Seacoast Bank, we understand that navigating the loan application process shouldn’t slow down your dreams of boating bliss. That’s why we’ve made applying for your Seacoast Boat & Yacht Loan quick and hassle-free.

Apply Now >

Gather Your Info: Before beginning your application, ensure you have the necessary documents ready. You’ll need your driver’s license information, proof of income, collateral details and the approximate selling price or value of the vessel.
Begin Your Application: Click “Apply Now” above to create a secure account and submit your information online. You can even save your application and return to it later if needed.
Done: That wasn’t so bad, right? A local Florida lender will follow up with you in one business day or less on your loan status.

Boat Loan Rates and Terms

Seacoast offers competitive boat loan interest rates that vary based on your credit profile, loan term and the type of vessel you’re financing. A local lender can provide current rates based on your specific situation.

Here’s what to know about boat loan terms at Seacoast:

Loan amounts: $10,000 to $250,000
Down payment: 20% required, plus tax, title and registration fees

Loan terms: Short-term options up to 48 months, medium-term from 49 to 84 months and longer-term options depending on loan amount and vessel type

Rate example: For example, a $30,000 loan at 8.252% APR (Annual Percentage Rate) over 84 months would result in an estimated monthly payment of $471.37 plus a one-time $250 loan processing fee. An APR of 8.252% requires a minimum credit score of 751 and automatic payments from a Seacoast Bank deposit account. All loans are subject to credit approval and offers may be withdrawn at any time.

Learn more about current boat loan rates or contact a local lender directly.

Fast Application Process

We understand that getting out on the water is your priority. That’s why we’ve designed a fast and efficient loan application process.

Simple Application - Our online application is straightforward and easy to navigate

Quick Decisions - We leverage technology to expedite the decision process, so you won’t be waiting weeks to find out if you’re approved

Digital Convenience - Enjoy the ease of uploading documents and signing electronically, saving you valuable time and effort

Rapid Funding - Once approved, you’ll receive the funds quickly to secure your dream boat and hit the water sooner

Boat & Yacht Loans