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December 10, 2020 7:35 AM Dori Zinn - Forbes Advisor
Posted:
Updated:
December 11, 2020 8:37 PM
Buying a boat might be a major dream of yours. Heading out whenever you want and sailing the seas with nothing but you and the water sounds enticing.
It’s not just a pipe dream. If you don’t have all the cash you need to buy a boat, you can finance it through a boat loan. Here’s where to find one and how to get a boat loan.
How Boat Loans Work
A boat loan is a type of installment loan similar to an auto loan that banks, credit unions and online lenders offer. When you get a boat loan, you’re required to make fixed monthly payments over the life your loan until it’s repaid. The length of your loan and its interest rate typically vary depending on various factors, including your loan size, credit score, annual income, the lender and the type of loan you get secured or unsecured.
KXLY
December 10, 2020 5:35 AM Dori Zinn - Forbes Advisor
Posted:
Updated:
December 11, 2020 6:32 PM
Buying a boat might be a major dream of yours. Heading out whenever you want and sailing the seas with nothing but you and the water sounds enticing.
It’s not just a pipe dream. If you don’t have all the cash you need to buy a boat, you can finance it through a boat loan. Here’s where to find one and how to get a boat loan.
How Boat Loans Work
A boat loan is a type of installment loan similar to an auto loan that banks, credit unions and online lenders offer. When you get a boat loan, you’re required to make fixed monthly payments over the life your loan until it’s repaid. The length of your loan and its interest rate typically vary depending on various factors, including your loan size, credit score, annual income, the lender and the type of loan you get secured or unsecured.