Boat financing, calculated.
How It Works
Three steps from your first estimate to cash back at closing.
Step 1Get Pre-Qualified
Share a few basic details about you and the boat you are buying. Our system runs a soft pull automatically, so there is no impact on your credit score.
Get pre-qualified
Step 2Submit One Application
One application covers every matching lender in the network. Your pre-qualification carries over, so you never enter the same information twice.
Apply now
Step 3Close and Earn Cash Back
Your lender closes and funds the loan. You then earn cash back of up to $5,000, paid when your loan closes and funds. Cash back applies to loans of $50,000 or more.
Calculate cash backHow Buying a Boat Works
The three steps above, in full. Most buyers go from pre-qualification to funded in typically 3 to 6 weeks, since underwriting runs in parallel with the survey rather than after it.
Pre-Qualify
Soft credit inquiry. See your terms and cash back amount. Your score is untouched.
Find Your Boat
Shop with your budget confirmed. Your locked cash back follows you.
Sign the Purchase Agreement
Two contingencies protect your deposit: a satisfactory survey and financing approval. In most cases, if either falls through, you can walk away and keep your deposit.
Apply
Digital application and document upload. Having your paperwork ready keeps things moving.
Survey and Sea Trial
Your own independent SAMSSociety of Accredited Marine Surveyors, a professional body whose accredited surveyors lenders recognize. or NAMSNational Association of Marine Surveyors, a professional body whose certified surveyors lenders recognize. surveyor. Underwriting runs in parallel. Vessels under 35ft may not require a survey, depending on the lender.
Accept the Vessel
If the vessel went through a survey, this is where it matters: accept, renegotiate on the findings, or exercise your contract rights.
Close and Fund
Registration decided, insurance in place, funds ready. YachtWay MasterCover can connect you with insurance providers.
Read Before You Borrow
How Long Can You Finance a Boat?
Typical 10 to 20 year terms, what caps yours, and the payment-versus-interest trade.
Should I Refinance My Boat Loan?
When a lower rate pays off, and what a second-time underwriter looks at.
What Credit Score Do I Need for a Boat Loan?
The score tiers marine lenders use, and what can offset a middling number.
How Much Boat Can I Afford?
Work backward from a monthly payment you are comfortable with to a realistic boat budget.
Can You Finance a Used Boat?
How pre-owned financing differs from new, from term caps to the required survey.
What Is a Marine Survey and Do I Need One?
The inspection lenders require on a used boat, and why it protects you too.
How Much Do I Need to Put Down on a Boat?
Why it ranges from 0 to 30 percent, and what more money down buys you.
How Much Does a Boat Loan Cost per Month?
A clear breakdown of what drives your monthly payment, with real numbers by loan term.
Pre-Qualification vs. Application
What each stage really involves, and the documents to gather before you apply.
Should I Pay Cash or Finance a Boat?
The case for each, and the liquidity question only you can answer.
How Long Does It Take to Get a Boat Loan?
The full timeline from pre-qualification to funding, and the two things that decide how fast you close.
Can You Charter a Boat You Financed?
Why recreational loans restrict charter use, and what changes in the loan, insurance, and paperwork.
Marine Financing Guide
Every stage from pre-qualification to closing in one document. Download it as a PDF to read offline or share.
Create your Personal Financial Statement (PFS)
When applying for a yacht loan, it is essential to provide a Personal Financial Statement. It helps lenders assess your financial situation and makes for a smoother application.
Why YachtWay EasyFund
We built EasyFund to fix what frustrates most boat buyers: complicated financing, limited lender options, and zero reward for the borrower. Here is how we are different:
Paid directly to you when your loan closes and funds. No marine lender pays the borrower.
A National Lender Network
One application. Lenders across the country compete for your marine loan every day.
Guided and Fully Digital
The entire application process is fully digital. Upload documents once, track every step, and reach a real person anytime.
No Credit Impact Until You Apply
Pre-qualification is a soft inquiry that leaves your score untouched. A hard pull comes only at the full application.
Your Data Is Protected
SOC 2 Type I & II audited, GDPR compliant. Never sold, never shared beyond lenders you choose.
YachtWay is not a lender
Ready to Move Forward?
See your cash back estimate, or get pre-qualified in under a minute.
YachtWay is not a lender. EasyFund connects buyers with matching lenders. Interest rates and terms shown are estimates only and are subject to change. The only rate displayed on these pages is a 6.5% annual rate shown as an example. Our calculators are provided for example purposes only but use real-world formulas, including debt-to-income (DTI) ratio and average liquidity percentages, to help estimate affordability. YachtWay does not offer financial advice. The costs shown reflect annual interest only and do not include vessel maintenance, insurance, docking fees, or other costs associated with boat ownership. Displayed rates are based on well-qualified borrowers with excellent credit. Actual rates and APR may vary based on your credit profile, loan terms, and lender approval. Your actual interest rate, APR, and loan terms will be determined by your lender upon completion of a full application, credit review, and underwriting. This is not a commitment to lend. All financing is subject to credit approval and program guidelines. Cash back of up to $5,000 is paid when your loan closes and funds through YachtWay EasyFund’s lender matching program. This amount is an estimate and not a guarantee. The cash back offer applies to loans of $50,000 or more.