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Credit unions can be a good source for boat loans — if you’re a member. You may be eligible for membership perks that are similar to those offered by banks, like lower interest rates and fees.
The APRs on unsecured personal loans for boats may range from 7.5 percent to almost 36 percent, while secured boat loans may stay in the 9 to 12 percent range. New boat rates are usually lower ...
Starting APR. 4.24%. Loan amounts. $10,000 to $5 million. Loan terms. 4 to 20 years. Credit scores. 700+ Fees. Processing fees. More Information About Bank of the West
Bankrate’s take:Utility bills, credit card statements and lease agreements all serve as proof of residence.Copies of your tax returns, W-2s, 1099s and bank statements can be used as proof of income.
Deciding to buy an older used boat versus a new one often comes down to the price tag, available boat loan ... or bad credit. Financing a new boat. ... low credit score. Financing a used boat.
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