A Wall Street Journal article titled Getting a Marine Loan to Finance a Yacht Purchase notes that getting a marine loan is comparable to securing a mortgage.

Best yacht loans. Boat loans through Bank of the West and its lending division Essex Credit are a good option for people planning to get a boat loan of 50000 or above. Whether you choose a personal loan or a special boat loan financing can be a great way to make the boat of your dreams a reality. Yes Norton Finance can help you raise the finances needed to buy an older boat.

Luckily if you decide to get a yacht there are a wide range of financing options. Our team works with lenders around the nation to ensure we find the best boat loan rates for our customers. Some credit unions offer secured boat loans for up to 500000.

Best Loan Experience Guaranteed. Get a FREE Quote. Edgar Montañez a Global Wealth private client banker for BBVA says yacht.

The age and condition of the boat does not affect your chances of being approved for a loan. Boat Loans - Apply Online. GREAT RATES and SERVICE from the largest marine lender in the nation.

Youll need good credit to qualify and can borrow up to 100000. LightStream is a best boat loan option for people with strong credit looking to get a loan quickly and pay it off relatively quickly too terms max out at 84 months. Through a growing network of well over a dozen of the leading national and international banks we are able to deliver the best terms possible for our clients.

We are ready to answer any questions you may have about financing your vessel boat. Who its best for. Rates starting at a low 5 and terms as long as 20 years set boat loans apart from your typical personal loan.