![]() Higher loan amounts can usually be stretched over longer periods of time.Interest rates generally go down as the term of the loan goes down.Interest rates generally go down as the loan amount goes up.However, there are a few generalities that hold true for the vast majority of boat loans: Credit scores, debt ratios, and net worth may all be considered by the lender, more or less depending on your personal circumstances and the size and term of the loan. Of course, there are some other variables that can come into play. When you get your boat loan, just what will the payments be? To get a good idea of how the monthly expense for different loans will shake out, use our Boat Loan Calculator. In fact, there’s even an organization, the National Marine Lenders Association, made up of lenders who are familiar with all the ins and outs of making boat loans. ![]()
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