A boat equity loan is a type of short-term secured cash loan that uses the title of your boat as the collateral. The loan amount is determined by the current market value and condition of your boat.
A major benefit of this loan type is that there is no credit check involved nor is a co-signer required. The lack of a credit check means is that there is no protracted approval process, and even if you have non-existent or substandard credit, you can qualify.
Additionally, you can maintain possession of your boat while paying off the loan. You provide your boat title, and you can keep the keys. It’s a simple exchange, and as soon as you make your final loan payment, we’ll return your title to you.
If you decide to proceed with the process, the only requirements we have are that you be at least 18 years old, and you also need proof of employment or another regular income source. Furthermore, you will need to be prepared to show identification and references.
We are a nationwide company and we work with boat title lenders throughout the country. No matter your location, you can secure a boat equity loan with us.
What Information Do I Need to Provide?
To summarize, when you speak with one our experienced lender agents they will request the following:
- Your boat’s information, such as; make, model, year, power engine, and any upgrades or optional equipment on it.
- A valid ID showing you are 18 years of age or older.
- Documentation showing the original purchase price.
- A list other assets you may have.
- Proof of income ( pay stubs, social security, alimony, etc.)
Once we have this information, we can proceed with funding – a simple, transparent process that can be completed in as little as one business day.
The Benefits of Obtaining a Boat Equity Loan with Us
Our boat equity loans are not “one-size-fits all.” Our loan packages are customized to you. When you work with us, you will be paired with a loan specialist who will walk you through all the steps and work with you closely to design ae loan package tailored to your unique financial circumstances and budget.
We offer flexible payment periods. Depending on the amount you receive, you may be able to pay off your boat equity loan in just a few months. But if you need longer terms, this is also an option. We have customers who stretch their loan payments as far out as two, three or four years.
There is nothing complicated or tedious about our loan application. We understand that you need cash as fast as possible, so you don’t have time to deal with applications asking a unnecessary questions. We keep everything simple and to the point. This is how we differ from traditional lenders.
Our streamlined, short online application on this page makes it possible to get fast cash in about 24 hours or less. Our process is secure and discreet, which is a major plus especially if you want to keep the matter private.
It only takes one to two minutes to complete the online form, and once you receive your pre-approval, you can speak with a title loan specialist to start customizing your loan. Again, we offer a loan solution that is unique for you, innovative and safe.
The steps are as follows:
- Fill out your application to get your free quote
- Speak with a title loan specialist to customize your boat title loan
- Pick up your cash at your convenience
Remember, the pre-approval and estimate are free, and there is no obligation. Apply today. We look forward to serving you.