It is possible to get a loan to buy a yacht, there are some big banks that offer it and then there are couple of finance companies in Hong Kong that specialize in boat loans.
It is not that common thing out here in Hong Kong compared to the west. But it is possible. The rates and terms are always changing according to bank’s or finance company’s policies.
But generally, the companies will only give loans for a new boat. Because they are not experts in evaluating the used boats. If they start giving loans on used boats, then the banks will need to hire a new team who has expertise in boat valuation. This is not going to be a profitable thing for a bank to do. Usually the banks give 70% of the purchase price and the pay back time is less than 10 years. Again these things are ever changing. Also the interest rates as you know keep changing depending on the government rates and economic conditions.
As you license the boat. The boat’s license will be held by the finance company or the bank until the loan is cleared.
But if you are buying a new boat, then it is possible. But if you are buying a used boat. Then its not. For used boat only thing to do is to get a personal loan and payback without listing your boat as an asset.