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Recreation Lending brings you the best in Marine Financing! Whether you are
looking to finance a $10,000 bass boat, a $5,000,000 mega yacht, or
somewhere in between, we will lock you in on the best rates and terms
available.
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No income verification on loans up to $250,000
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ZERO down payment on loans up to $150,000
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Rates apply to new, used, private sales, brokerage,
and refinance
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Nationwide Lending Authority on most boats 1974 and newer
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NO points
and NO origination fee
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Variable
rate loans starting at 4.50%
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Rate
Chart - Updated April 26, 2008 |
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|
Amount Financed |
Rate |
Down Payment |
Term |
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$100,000-$4mil |
5.99 - 6.75% |
10-20% down |
20 years |
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$75,000-$99,999 |
5.99 - 6.99% |
5-10% down |
15-20 years |
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$40,000-$74,999 |
6.38 - 7.50% |
0-10% down |
15 years |
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$25,000-$39,999 |
7.25 - 7.99% |
0-10% down |
15 years |
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$20,000-$24,999 |
7.38 - 9.50% |
0-10% down |
10-12 years |
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$10,000-$19,999 |
9.50 - 9.99% |
0-10% down |
10 years |
| Minimum Loan $10,000 ~ 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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