"Remote" lenders - those that never meet you but transact business by email and regular mail - generally loan you a percentage of the entire boat's selling price.  BoatLoanUSA.com does that, too: your credit plus the boat's selling price determine what you can borrow.

But the difference in lenders can be startling:

• Some lenders "load up" contracts with fees and processing charges that can increase as your loan increases.
• Others advertise low rates, then raise them dramatically when your loan application is actually processed.
• Other lenders require "backup" collateral.  For instance, they may require you to use your home as a backup asset for your boat loan. 

We even offer special plans with unique payments.  There are three variants:

1. Your payments are low for the first year, and then payments rise for the rest of the term. 
2. Your payments are low for the term of the loan, then a large lump sum (balloon) is due at the end. 
3. We offer no money down loans if you qualify.

Finding the lowest total-cost loan
Here's a simple way for you to make sure you are getting the boat loan with the lowest overall cost. 

1. Do your homework on the boat you want to buy.
2. Pre-apply for a boat loan at BoatLoanUSA.com.  It costs you nothing to get this "baseline" look at your boat loan credit-worthiness. 
3. While you're at it, ask BoatLoanUSA.com about the reasons, other than interest rate, which help make a our boat loan usually the best, cheapest, and safest loan for you.
4. Use this "baseline" approval to help you compare loans at other sources. 

Do it like this:

1. Ask any potential lender to completely fill out a sample loan contract for the exact terms the lender will give you for a boat loan or to provide you with a written proposal.
2. Fax or email that document to BoatLoanUSA.com.  We'll compare the exact terms of their loan to our loan and show you the advantages our program provides.