Bad Credit Boat Loans


Are You Looking To Get A Boat Loan with Bad Credit, Without Chasing Offers Or Submitting A Lot Of Applications?

Getting boat loans with good credit or bad credit can be a challenge.

We’re on a mission to help you get funded to buy your boat by simplifying the application and qualification process while looking for the right lenders.

Be part of the 19.21* million borrowers in the US that enjoy their personal loan either for a boat or anything else.

*Based on Q4 2020 (TransUnion)  



We help you get bad credit boat financing


Fishing Boat


Sport Boat


Cruiser Boat


Anything Boat

Start your simple application

At Paydivvy we have an extensive network of lenders, that can help you receive funding for a loan amount of up to $35,000 to get the boat of your dreams in full or for a down payment, and start sailing soon, regardless of your credit or situation.

The process is as simple as subtimming the information on a form, waiting for lenders to contact you if you qualify, and then choosing loan terms that suit you the best.

No paperwork, no hassle, fast and simple.

Getting funded has never been as easy as it is now.


Apply Here

More than $5,000

Celebrating getting a loan

Our 3 Step Process to Help You Get bad credit boat loans

1) Fill up the form

To gather your information and be able to send it to our network of lenders. It’s fast, easy and seamlessly.

2) wait for loan offers

After we gather your information, we send it to our network of lenders that will study your application to send you offers.

3) accept the one you like

If approved you’ll be able to chose one offer form the multiple you will potentially receive. And that’s all!


How Can You Get A Boat Loan With Paydivvy?

If you are looking for low interest rates and the ability to apply online instead of going to a credit union or traditional bank, our fast and secure process starts with filling up our online form.

And nope…

This is not a long process that includes endless paperwork, in-person meetings, and awkward questions to answer.

You only need to complete our form in order for us to help you get in touch with lenders looking to work with you.

Right after that, there’s a verification process to make sure your information is correct.

It’s not difficult for our average visitors looking for funding for a down payment or full payment to get approved within 24-48 hours after we’ve sent the information to our pool of qualified lenders (these are lenders that have experience giving loans even if you have a poor credit score)

All it takes it’s 5 minutes from your time.

Here are the requirements:

  • Must be at least 18 years old.
  • Must be a U.S. citizen or Permanent Resident.
  • Currently employed or receiving a steady income.
  • Have a bank account to receive the funds, ideally with a direct deposit

If you have a low credit score, you’re probably expecting the worst, because of past experiences or what you’ve read online.

You may think your case is unique, or you have different circumstances, and you won’t get funded, but that doesn’t need to be true.


Getting a boat loan with bad credit may be easier than you think.

Even if you have

  • Minimal credit history
  • FICO credit scores in the mid-500 range or below.
  • An emergency financial crisis to buy or repair a boat that demands funds now (these are rare but happen sometimes)
  • Self-employment history who have been turned down by previous lenders
  • Boat re-financing issues

None of that matters!

We’ll Literally Do The Hard Work For You And Find A Lender For Your Boat

Can you imagine how it feels to get multiple offers instead of chasing offers?

You’ll be like the captain making decisions, instead of wishing or hoping to get approved. It’s an empowering feeling that turns “hopefully” into “I’m in Charge”.

You could literally start receiving offers as soon as tomorrow and get funds in your bank account within 24 hours.

Finally, you’ll be able to enjoy sailing in the boat you’ve been dreaming about.

All our customers looking for unsecured personal loans start the process by submitting their application with our bank-level 256-bit AES encrypted form.

It’s simple, fast, and seamless.

Note 1: Since each lender has its own lending policies, once having an offer, please be sure to read their disclosures and lending practices carefully before you sign and agree to the personal loan.

Note 2: At Paydivvy we also make our best effort to avoid lenders with bad practices.


Can I get a boat loan with bad credit for a down payment?

Yes, you can. You just need to meet the basics requirements, that you can find here

My team is here to help you despite bad credit or no credit history. After all, people shouldn’t be judged or denied receiving funds to buy a boat because of what happened in their past. That’s not fair. Everyone should be given the same opportunities.

We work hard to find the perfect lender for your specific situation and make sure you have the highest probability to get approved. We do that every single month, with individuals of all ages and backgrounds.


Is there any minimum credit score for a boat loan?

Unlike many other lenders, Paydivvy’s network of lenders doesn’t have minimum credit score requirements. They assess the loan approval based on factors, including

where you live, how much you want to borrow, and what you are buying.

How do you get approved for a boat loan?

To do that, you must first complete the online application, which will get you in touch with a pool of lenders that have the highest probability of getting you approved. If you are approved, you will have 30 days to determine whether or not you want to take the loan. This also applies for a used boat loan.


How long can you finance a used boat for?

Your loan term will vary depending on the size and cost of the boat. Paydivvy’s network of lenders offers financing repayment terms of up to 15 years. You may also be offered extended warranties if you need them.

What are the requirements?

  1. Must be at least 18 years old
  2. Must be a U.S. citizen or Permanent Resident.
  3. Currently employed or receiving a steady income.
  4. Have a bank account to receive the funds, ideally with direct deposit.
  5. Be sure you can make your monthly payment.


What kind of boat can I buy?

Anything you can afford. Whether that’s a luxury boat, a speed boat, or a fishing boat.

How do boat loans work?

A bad credit boat loan is a smart and effective decision to make until you can fix your credit.  Paydivvy’s lender partners offer personal loans for all sorts of circumstances and faster than any other companies.

To get started, you have to fill out the online application here.

Most people usually get a response in less than 24 hours (during business hours).

Once you’re approved, you’ll get the money deposited in approximately 3-5 business days.

Getting a boat is a dream come true, that’s why we try our best to make it reality in the shortest amount of time possible.


What are current boat loan rates?

At Paydivvy we try getting in touch with lenders that offer the best boat loan interest rates possible, no matter your credit score or the cost of the boat. Current boat loan rates can be as low as APR% 3.5%*

How do you protect my privacy and personal information?

At Paydivvy privacy is crucial. We use industry-standard 256-bit encryption on our website so that third parties won’t be allowed to intercept. Check out our privacy policy for more details.


Do I get charged extra if I’m late on a payment?

Typically this is out of our control and depends on the lender you end up getting the boat loan from. We recommend you to read closely their requirements and conditions before making any decision and make sure you can make your monthly payment. Even with the best boat loans, you should expect to get charged extra if you’re late.