Boat Loans: How Exactly To Finance a Boat Buy Captaining your own personal motorboat is just a experience that is priceless. But until you’ve conserved a boatload of cash, you’ll need a motorboat loan to help make your goals a real possibility. Unsecured loans from banks, credit unions or online loan providers can be utilized for almost any function, including ships. The program procedure is usually fast, and approval is basically considering your credit ability and score to settle. Though some lenders need the mortgage become guaranteed by the ship, they don’t need a payment that is down. Before you.