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First Reliance Bank

Boat Loans

Low Rate Boat Loans in black text above boat dockedIf you like skimming across the water and feeling the breeze in your hair, we have some great rates on boat loans that can get you into whatever boat type you like best!

Our boat loans are competitively priced and have flexible repayment terms.  We finance new and used boats and marine boats up to 10 years old.  We’ll also finance recreational aluminum Jon boats, Jet Skis and Personal Water Craft up to 4-5 years depending on the age of the boat.

Recreational Boat Loan Requirements

  • We’ll finance recreational boats (no houseboats) that are titled by the South Carolina Department of Natural Resources
  • New boats require the purchase invoice; Refinanced boats require a lender payoff letter and a dealer survey or acceptable boat industry valuation such as NADA or Insured Value as indicated by an Insurance policy
  • Replacement value insurance is required with First Reliance Bank listed as Loss Payee
  • Terms vary with loan amount and age of boat

Consumer Marine Boat Loan Requirements

  • We’ll finance consumer marine boats used for recreational purpose that are  new or used. (No houseboats)
  • Eligible vessels must be domiciled inside Coastal South Carolina
  • Purchase invoice is required on new marine boats; A lender payoff letter and title search is required on refinanced boats
  • Replacement value insurance is required with First Reliance Bank listed as Loss Payee
  • Terms vary depending on the age of the boat and loan amount
  • Boats must have a Vessel Mortgage documented by the United States Coast Guard

Call 888.543.5510 or email CustomerCare@firstreliance.com for more information or stop by any of our branches to apply for your loan today.

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