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More than any bank

Boat Loans

Boat loans finance - for those with a taste for the open water.


Your very own boat is a lifestyle purchase that takes your evenings, weekends and holidays to the next level. One way to fund this exciting purchase is with boat loans from Norton Finance. Borrowers will benefit from the wide range of loans to choose from.
  • Massive choice

    We search the market from over 600 plans.

  • Flexible terms

    You can choose to spread the cost over any term from 1 to 30 years.

  • Here to help

    Even if you have a poor credit history or CCJs, are self-employed or even retired.

Looking for a larger amount?

Alternatively, call FREE on 0800 694 5566 Open 24 hours a day.

Homeowner rates, from 2.9%

2019 Gold Feefo Trusted Service Award

Unlike a bank we can search wider to find you the best products. So you get more choice not more rejections, even if you have a bad credit history. And that’s more than any bank can offer

What are boat loans?

Boat loans are personal loans used to buy a boat. The type of boat you buy is up to you; a glamorous yacht or a chilled-out cruiser, a speedy powerboat or a cosy canal barge for family getaways. Whatever adventures you’re hoping to have on the water, the right boat loan can help you get there with flexible terms and manageable repayments.

How do boat loans work?

There are two ways you can get finance for a boat, similar to getting a car loan. You can buy a new or second-hand boat using either finance option:

  1. A personal loan to purchase the boat outright. The borrower pays off the amount to an agreed timeframe alongside interest on the loan.
  2. Arrange a deal with the registered boat seller. Alternatively, make the purchase using finance agreed between yourself and the seller. An upfront lump sum may be required, with the remainder of the value paid over time, alongside interest.

Applying for a loan

At Norton Finance, it’s our job to understand your needs as an individual. We listen to your personal circumstances, learning about your financial situation to make sure we help you find the right boat loan.

Before borrowing any sum of money, including boat loans and other types of personal loans, you must be sure that you can manage the repayments.

Am I eligible for a boat loan?

Lots of people are eligible for a boat loan. At Norton Finance, we can help you find a loan even if you have bad credit or CCJs; are retired, self-employed or receiving benefits. If you’re someone who lives aboard a boat, or is planning to, we can also help you secure the finance you need.

What do I need to apply for a boat loan?

To begin your application for a boat loan, you need the following details to hand:

You can start your application online, then we’ll get in touch with you to find out a little more. It’s a good idea to have a note of the boat you’re looking to buy, including its make, model and running costs. Then we can get moving and find the best way to bring your boat home.

Boat Loan FAQs

Please click below for the answers to our most commonly asked questions. If you can't find the information you need, call us free on 0800 694 5566 and one of our advisers will be happy to help.

How much can I borrow?

Our secured loans range from £3,000 to £500,000. The amount you can borrow will depend on your individual situation.

How long are the repayment terms?

Loans are paid back over one to 30 years. The most important thing is that you’re comfortable with the instalments, alongside your other regular outgoings.

What are the interest rates?

The interest rate you’re offered will depend on your financial situation both historically and right now. For homeowners, interest rates start at 2.9%.

Are there any loan fees?

As a broker rather than a bank, we don’t charge upfront loan fees. We receive a commission from the lenders we work with on the loans we secure for our customers. On secured loans, we may charge a broker fee of up to 12.5% of the loan on completion, capped at £3,995. On unsecured loans we don’t charge broker fees.

Can I use a boat loan to buy an older boat?

Yes, Norton Finance can provide you with the finances needed to buy an older boat. The age and condition of the boat does not affect your chances of being approved for a loan. Instead, our boat loans are based on whether or not you can comfortably afford the monthly repayments.

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