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Boat Financing Canada - Marine & Watercraft Loans - Top rates in Canada - Good & BAd Credit Welcome!

Used Fishing Boat on the water with an angler catching a fish

Life is better on the water.

With thousands of new and preowned boats and watercraft for sale throughout KIJIJI, Facebook marketplace and other marine dealers - why not choose to be the captain of what you buy.

We provide the approval so you can find the new or used watercraft near you that fits your needs and budget. We'll buy it in and give you access to the top boat loan options in Canada.

Western Canada Mountains

Flexible Boat loan options for all!

  • Lenders that finance Older model year boats.

  • Top boat financing rates available in canada.

  • Loans for All major marine makes and models.

  • Approvals for self employed & contractors.

  • Marine Refinance Options May Be Available.

  • $0 down financing on most Boat approvals.

  • Short time at the job accepted.

  • Bad Credit Boat Loan Options.

All major Watercraft makes approved

Our lending network provides boat financing for all major HIN stamped makes. This includes Princess, Regal, Riva, Rodman, Sealine, Sea-ray, Sunseeker, Chaparral, Lund, Mastercraft, Seadoo, Tracker, Bertram, Mirrocraft, Thresher, Triton, Alumacraft, Princecraft, Campion, Bayliner, Glastron, Yamaha, Tige, Heyday, Tahoe, Lowe, Splendor, Sun Tracker, Four Winns, Monterey, and Kawasaki financing options.


What credit score is needed to finance a Boat?

No minimum credit score is required to secure a boat loan in Canada. Lenders typically evaluate other factors besides credit score when deciding whether to grant you a loan, including prior payment history, debt service ratio, and length of employment.

What interest rates are available for boats & jet skis?

You can get a boat or watercraft loan starting at 9.9% interest with the most reliable lenders in Canada. The rate ranges for a loan are typically between 9.9% and 11.9% with excellent credit, 12.9% to 16.9% with average credit, and at minimum 19.9% with bad credit.

What term lengths are offered for marine financing?

Your lender will structure your boat loan based on your payment goals and affordability. Watercraft loans are usually available from 5 to 8 years. Some lenders offer loans as short as 2 years for lower priced units or as long as 15 years for higher valued models.

Is it difficult to get approved for bad credit boat financing?

With many options available today, getting bad credit marine financing is fairly straightforward, even if you have poor or even no credit history. We have access to the best boat financing options in Canada to lock in an approval.

Can you build credit with a boat or watercraft loan?

When payments are made on time, a boat loan can help you build credit. An installment loan is a great way to prove your credit worth, since most Canadian lenders report to your bureau.

Do you offer Guaranteed Boat Financing?

While we have access to all of the available lenders in Canada, we can not guarantee boat loans. Many boat dealers who offer this are not being entirely up front as in many cases this guarantee comes with harsh conditions. Check out this blog post for more info.

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