Smooth Sailing Starts with the Right Loan

Sailing, fishing, cruising, or jet skiing—no matter your passion, BayFirst has the perfect loan to help you hit the water. With competitive interest rates, tailored repayment options, and a streamlined application process, we’ll have you off the dock and on your way in no time.

Let us help you finance your next adventure with confidence and ease. Get Started.

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Up to 100% Financing

With no down payment options, finance up to 100% of your watercraft purchase up to $100,000.

Competitive Interest Rates

Apply today to see our latest competitive rates.

Navigate financing with BayFirst.

At BayFirst, we’re Here for What’s Next®. So, when you need help getting behind the helm, we’ve got you covered. When you choose a boat loan with us, not only do you get the backing of an industry-leading Florida community bank, but you can also expect:

  • Expert advice from our lenders
  • Easy application process
  • Manage your loan with online and mobile banking

Have questions? We’re here to help.

Speak to a lender

What’s Next? Get Started.

Whether you already found the perfect boat or want to get preapproved before shopping, Applying for financing is easy with BayFirst. You’ll need to gather your ID, social security number, and some personal information including income and debt history. You can apply online or at a banking center.

Fill Out An Application

Easily apply online or in a banking center. Approval is fast and your funds are often available the same day.

Get Started

Lock In A Competitive Rate

We’ll work to find the best rate and loan option for your budget. Then just sign and we’ll let you know when the funds are available.

Go Shopping

Find the perfect boat and sail off into the sunset.

Explore our Lending Footprint

Dreaming of life on the water? Explore the counties below to see where our boat loan products are available.

Counties We Proudly Serve:
  • Charlotte
  • Lee
  • Citrus
  • Manatee
  • Collier
  • Orange
  • Desoto
  • Osceola
  • Hardee
  • Pasco
  • Hernando
  • Pinellas
  • Highlands
  • Polk
  • Hillsborough
  • Sarasota
  • Lake Sumter

Boat & Watercraft FAQ

What kind of watercraft loans are available?

BayFirst can finance nearly any recreational watercraft, though we typically finance motorboats, jet boats, yachts, sail boats, jet skis and pontoons. Our lenders can let you know if we can finance another type of vessel.

Does my watercraft need to be new?

We can finance new and used watercraft purchases.

How do boat loans work?

Much like it does for a car loan, BayFirst can lend you the funds you need to purchase a boat. Your loan terms and rate will depend on your down payment, income, credit score and other factors. And you’ll pay back your loan amount plus the interest rate you agree to signing.

Can I afford a boat?

Before financing a boat, make sure you can manage the monthly payments and afford the added expense of ownership, including insurance, annual maintenance and slip fees.

What credit score is needed for a boat loan?

You’ll receive better rates and terms with a higher credit score, however there is no set credit score needed to secure financing for a boat.

Effective April, 1, 2025, in order to obtain a home equity, personal, or auto loan, a BayFirst checking, savings, or money market account is required with minimum balance of 5% of the loan amount or $5,000, whichever is less. The account may be funded by net proceeds from home equity loans. All loans subject to approval, including credit approval. Income and credit restrictions may apply. Programs subject to change or terminate without notice.