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Recreation Lending brings you the best in Marine Financing! |
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Variable rates as low as 4.42% on $100k+ loan, (20 yr
term)
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Light income verification on loans up to $500,000
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Rates apply to new, used, private sales, brokerage, and
refinance
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Nationwide Lending Authority on most boats 1980 and newer
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NO PREPAYMENT PENALTY*
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Rate
Chart - Updated February 20, 2009 |
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Amount Financed |
Fixed
Rate |
Down Payment |
Term |
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$100,000-$4mil |
6.49 % |
10-25% down |
15-20 years |
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$75,000-$99,999 |
6.87% |
10-15% down |
15-20 years |
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$50,000-$74,999 |
6.99% |
10% down |
15 years |
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$25,000-$49,999* |
7.50% |
10% down |
15 years |
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Rates Subject to Change. |
| Final rate based on credit history, loan amount, down payment, and rate updates. |
 Quick Easy Application Process |
Fixed & Variable Rates |
| Experienced Loan Officers |
USCG Documentation |
| Local, Regional and National Program Available |
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Refinance Loans |
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The time to Refinance is NOW! |
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Recreation Lending offers refinance programs that could save you hundreds or even thousands of dollars compared to your current loan. Our programs will finance up to
90% of the value of the boat**, even more in many cases. See if Refinancing saves you money, Call or submit a
Rate Quote Request Today !
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| YOUR CURRENT LOAN |
| In 2000 You Borrowed |
$100,000 |
| At a rate of |
7.50% |
| Payments @ 240 Months |
$805.00 Month |
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| BY REFINANCING |
| Remaining Balance |
$96,000 |
| At a rate of |
5.12% |
| New Payment = |
$705.00 Month |
| Based on the Remaining 204 Months |
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