Interest rate is pretty awesome.

Best boat loan companies. Essex Credit a division of Bank of the West offers the lowest starting rate on this list but it applies to live-aboard boats watercraft used as residences. Ad Hall of Fame boat dealer with a full line of Cobalt Boats offering salesservice storage. The best rates tend to go to expensive new vessels though you can still find a good deal if you have a credit score over 670 and can afford a down payment of at least 20.

You can borrow anywhere between 15000 and 350000 with BoatUS and sometimes even more. This is the best loan I recommend to all my friends. Most boat loans are secured loans that use the boat as collateral.

A 10000 boat loan with Bank of the. Rates starting at a low 5 and terms as long as 20 years set boat loans apart from your typical personal loan. Customer service provided by them is really appreciating.

Best for Unsecured boat loans. Interest rates may vary based on the state of the boat new vs. Other types of new and used boats qualify for a starting APR of 429 on loan amounts of 50000 or more.

The required down payment depends on things like the age of. This lender offers boat loans of up to 5 million for a variety of different watercrafts whether. Many lenders recognize the fact that boat buyers are excellent loan clients and have maintained offerings for boat loans along with serving the more traditional auto and real estate markets.

Our primary goal is to tailor a finance package to meet your individual needs. Well help you find or build the Cobalt Boat of your dreams call us today to get started. Despite recent changes in credit markets a network of lenders stand ready to assist boat buyers finance their purchases.