Questions About Financing . . .

Is the boat you've always wanted seemed just out of reach, Coastal's marine loan may just change your mind. Terms are structured to fit your personal financial needs. You can fill out the quick and easy application in the comfort of your own home, and your application will be promptly processed so you can get an approval right away. To help you get a better understanding what's involved in financing your boat, you'll find below the answers to some of the most commonly asked questions.

Q. What kind of boat can be financed?
A. Any size sailboat or powerboat for personal use has financing available regardless of whether you are buying it through a dealer, private party or refinancing a boat you currently own.

Q. What are your current interest rates?
A. As boats differ so do our programs. Rates are generally based upon the model year of the boat and the dollar amount financed. However, we want you to know, Coastal's rates and terms are among the most competitive and comprehensive that the industry has to offer. For a confidential, no obligation, cost free quote, call your-marine-lender.com toll free at: 1-888-887-BOAT (2628)

Q. How long will it take for my application to be approved?
A. Conditional approval can be given in less time than you might think. In many cases just 24 hours after we receive your completed application package.

Q. Can I pay off the loan anytime without a prepayment penalty?
A. Most loans come with very short, or even no prepayment penalties. The interest is charged on a simple interest basis.

Q. What type of title does Coastal require?
A. Coastal will assist you in making all of the arrangements to document your boat with the U.S. Coast Guard. There is a charge for the form preparation and Coast Guard filing fees.

Q. How are loan funds disbursed?
A. Once your loan request has been approved and you have signed all the necessary documents, Coastal will issue a cashier's check made payable to you and the seller. We can also arrange a wire transfer of funds.

Q. How do I apply?
A. Go to our Online Loan Center. There you will find printable Loan and Personal Fiancial Statement Applications that you an print then fax to our 24 hour fax line: 1-616-494-2629.