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Catamaran boat loans. Standard. It specializes in high-value boat purchases and only offers boat loans that are over 100000. Sign up by 27 June 2021.

Whether a dealer or private party purchase or a refinance of your existing boat loan Essex Live-Aboard financing program may be what you are looking for. Ad Hall of Fame boat dealer with a full line of Cobalt Boats offering salesservice storage. Generally the lenders are looking for 20 down and they will amortize over 15 to 20 years.

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Essentially now a days in this depressed economy you get rates as low as 4 ½ up to 5 but 4 ½ seems to be where it is at right now. Loans are available from 25000 for boats model year 1998 and newer. How A Boat Loan Works.

It doesnt take your catamaran as collateral. However for loans under 50000 zero down loans are possible depending on the borrowers credit score and income. You can apply in a branch or over the phone with a marine loan specialist in about 15 minutes.

Your lenders want to know that your normal financial situations wont be affected by the loan that they give you. Multi-Hull Boats Catamarans Trimarans. Generally speaking lenders will want a down payment between 10 and 20 of the boat purchase.