Bad Credit Boat Loans


We search for the best boat financing programs for all credit types.

Trustpilot 5 stars

550 Minimum Score

We have programs for you even if you have past credit issues including past bankruptcies, late payments, or collections.


With our hands on approach and pre-qualification process, we reduce the number of inquires from lenders by only sending you to lenders that match your needs.

No Hidden Fees

None of our lenders charge hidden fee such as pre-payment penalties you'll find on other sites.

You want to buy a new or used boat. You know you could afford the payments, but you also know you have a low credit score. Do you have to toss your dreams of boat ownership overboard? Absolutely not. At My Financing USA, we help people looking for new or used boat loans, even if they have bad credit.

Your past credit score may not be an accurate indication of whether you can afford boat payments. Circumstances change, and we believe everyone deserves a chance to fulfill their desire to own a boat, regardless of their past. We can help you find a rate you can afford. Even if you have had a past bankruptcy or made a few late payments, a poor credit score may not bar you from low-credit boat loans. 

Getting a Boat Loan With Bad Credit

Why should you choose My Financing USA if you have credit concerns? We have programs specifically designed for people with bad credit ratings. We also make an effort to protect your score by minimizing the number of inquiries lenders make. This effort can keep your credit score steady and prevent further damage. Dealers often run multiple credit reports, which hurts you if you have a low score. Plus, lenders are less likely to see credit rebuilding opportunities. Our team will work with you to facilitate those changes. 

We want to help you get out on the water on a boat, and we will do everything we can to make it happen. Our process checks various lenders to find the most favorable terms and rates. We handle the entire process online, making it faster and more convenient.

We Have the Best Boat Loans for People With a Bad Credit

You can trust My Financing USA to help you find the financing options you want. We have assisted hundreds of thousands of customers, and we have earned a sterling reputation. Our customers' reviews reflect our dedication to offering stellar support and making the process as easy as possible. By conducting everything online, we make your part simple. You can even sign your closing documents online using DocuSign. Other benefits of working with us include: 

  • Safe and secure¬†DigiCert Secured website, which protects your personal information.¬†
  • Fast response times as short as 48 to 72 hours after submitting your application. 
  • Pre-qualification for loans, which makes it easier to know how much you can afford to spend on your boat. 

Boat Rates & Payments

Choose Your Credit Score

as low as


MONTHLY 7.24% (120mo)

as low as


MONTHLY 6.99% (180mo)

as low as


MONTHLY 6.49% (240mo)

as low as


MONTHLY 11.69% (120mo)

as low as


MONTHLY 11.89% (144mo)

as low as


MONTHLY 12.09% (180mo)

as low as


MONTHLY 15.95% (120mo)

as low as


MONTHLY 15.95% (144mo)

as low as


MONTHLY 15.95% (180mo)

as low as


MONTHLY 17.75% (120mo)

as low as


MONTHLY 17.75% (144mo)

as low as


MONTHLY 17.95% (180mo)

What is a good interest rate for an boat loan? Our current rates for boat loans range from Rates Between 6.49% and 19.95% based on several factors, such as the amount you're financing, the type of boat, the age of the boat, your location, your credit score and your credit history. The rates we offer are fixed APRs, which means your interest rate won't change due to index variables throughout the loan period. As a result, you don't have to worry about fluctuating interest rates that could make you pay more over time.

Fill Out an Online Application Today 

It only takes five minutes to fill out our application. We offer services in the 48 contiguous states and Alaska. We can find you the best bad credit boat loans. Fill out an application today to get started, and contact us if you have more questions. 

Our Process Is Easy


Apply Online

Use our DigiCert Secured website to submit your information.


We Find Your Match

We verify your information and match you with the right nationwide boat loan program.


Sign & Sail!

Sign your closing docs right from your phone then pick up your boat with a check in hand.

Our Customers Love Us

We love our customers...

Because customers like you keep referring friends and family, we keep growing!


Years In Business

$13.5 Billion

In Applications



Loan Programs For All Credit Types

  • 550 Minimum Score
  • Terms Up To 20 Years
  • $10k Minimum Loan Amount
  • 10-15% Down Preferred
  • Rates Between 6.49% and 19.95%
  • Private Party Purchases OK
  • Dealer Purchases OK
  • Some Collections OK
  • Some Late Payments OK
  • Past Bankruptcy OK
  • Co-Signers OK
  • Recreational Use Only
  • No Full Timers
  • No Park Models, Toterhomes or Schoolies
Your Next Adventure Starts Here

A Company You Can Trust

National Marine Lenders Association Logo

National Marine Lenders Association

We are a contributing and accredited member of the NMLA.

5 Star TrustPilot Rating

5 Star Rated On Trustpilot

We are the highest rated RV & boat lender in the USA.

Better Business Bureau Logo

Better Business Bureau

We have the highest possible rating from the Better Business Bureau.

Additional Readings:

What Is the Difference Between Hard and Soft Credit Checks?
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How Hard Is It to Finance a Boat?

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How Does a Credit Inquiry Affect My Score?

How Does A Credit Inquiry Affect My Score?

Having several inquiries can reduce your overall credit score and affect your RV or boat loan approval. Lenders use your credit report to conduct a risk assessment. Inquiries can affect their decision to offer a loan to you.

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