What is the difference between a Conventional and Non-Conventional Yacht Loan?


Conventional LoansSportfishing Boat Loans

A conventional yacht loan is a type of loan that is offered by traditional financial institutions, such as banks, and is secured by the yacht as collateral. The interest rates on these loans are generally lower than non-conventional loans, and the terms are typically longer. At Azure, we differ from our competitors by being able to offer terms as long as 30 years in our conventional lending process.



  • Low Costs
  • Higher Loan Limits
  • Flexibility for Some


  • Higher credit score requirements
  • Higher down payment requirements
  • Stricter qualifying guidelines

Yacht Loan Process

Non-Conventional Loans or “Bridge Loans”

On the other hand, a non-conventional yacht loan is a type of loan that is offered by non-traditional lenders, such as yacht financing companies or specialized lenders. These loans may be unsecured or secured by the yacht, and the interest rates are generally higher than conventional loans. Non-conventional loans may also have shorter terms than conventional loans.

Non-conventional, or “Hard Money,” yacht loans may be more flexible in their lending criteria and may be easier to obtain than conventional loans, especially for individuals who have a less-than-perfect credit history or who do not meet the strict requirements of traditional lenders. However, they may also come with higher fees and charges.


  • More flexible lending criteria
  • Quicker approval process
  • Higher loan amounts (this is good for more expensive yachts.)
  • More flexible repayment terms
  • Options for unsecured loans


  • Higher interest rates
  • Shorter loan terms
  • Higher fees and charges
  • Greater risk
  • Less regulatory oversight

Ultimately, the choice between a conventional and non-conventional yacht loan will depend on the borrower’s individual financial situation and needs. It is important to carefully compare the terms and fees of different loan options before making a decision.

Azure Funding makes Non-Conventional Boat Loans easy for dealerships, banks, brokers…We are the #1 choice for hard money loans to the entire marine industry!

Non conventional loans