Borrow using your Boat
Are you looking for cash? Well, if unsecured loans aren’t an option for you, you can always consider securing a loan against your boat. A secured loan implies less risk for the lender, and therefore, a larger chance for you to qualify for the loan you are seeking – even if you have a bad credit score!
A secured loan can also allow you to qualify for a larger loan.
In order to apply, some of the things you will need to know about your boat include:
- Boat Model
- Boat Valuation
- Boat Year
Typically you may borrow up to fifty percent of the boat’s value, which is a substantial amount of money if you have a boat that is a newer model. This money comes in handy in today’s economy, as you may need to pay for school expenses, car expenses, home mortgages or other expenses. Note also that in securing a loan against your boat, you are simply using your boat as collateral for the loan – you, the borrower, would get to keep your boat as you repay the loan.
If you are going to get a loan against your boat, existing loans or liens against the boat cannot be present. So if you need some money fast, be sure to apply with us today. We will help you secure a loan against your boat to get you funded quickly.
Borrow using your boat today.
Are you looking to purchase a new boat instead? Click here.