On the water and under the sun—what better way to spend time with family and friends? Whether you’re buying your first boat or trading up, 1st Mariner Bank can help. Our loan options will allow you to make the most of your finances.
You can use a boat loan from 1st Mariner for the following purposes:
Finance a vessel purchased from a dealership or private party seller.
Refinance a current loan.
If you own the vessel free and clear, use the loan for other purposes.
We offer a 0.25% discount if you have a 1st Mariner Bank checking account with an active direct deposit.
We Finance New and Used Boats
1st Mariner offers financing of up to 80% of the BUC listed value of the boat/yacht. The minimum loan amount is $7,500.00. Loan terms range from 5 years to 15 years depending upon the amount borrowed.
Contact your 1st Mariner Bank loan specialist at 410-558-4200 or toll-free at 1-888-561-BANK (2265) to discuss your boat financing and access our boat loan rates.
We’ve made it easy, safe and secure to apply online for your boat financing for new and used boats.
Download a Boat Loan Application
Download our Boat Loan Application for your new or used boat purchase and bring it to your nearest 1st Mariner branch or fax it to us at 410-345-2405.