U.S. Bank Boat Loans Info
You don't have to be a millionaire to enjoy the sea on your own boat, and there are boats of all sizes, from small fishing boats to large ocean liners, so you're sure to find one that fits your budget.
In addition, there are many bargains to be found on the second-hand market that can save you a pretty penny.
U.S. Bank offers you the possibility of financing the purchase of any type of boat for personal use, with a limit of $150,000, whether it's a new or used boat. And to do so, it offers very competitive interest rates starting at 8.24% APR (Annual Percentage Rate).
To get the best rate, the boat must be new, the amount requested must be more than $25,000, the repayment term must be less than 48 months and the installments must be made automatically from the bank's own checking account.
If any of the above conditions are not met, in addition to the income and minimum credit qualification requirements, the rate may increase depending on the creditworthiness you can demonstrate.
You may also be interested in US Bank's RV loan for recreational vehicles or the Auto loan, to finance or refinance a car.
Español: Préstamo Barco de U.S. Bank