If you want a boat loan, there are lots of lending sources to choose from. Like all vehicle financing the things you have to be aware of when choosing a loan for your new boat is

• the price of the boat
• how much of your own money you are going to use
• how much do you need to borrow
• the interest rates of the loan
• the loan terms also known as 'the small print' in the loan contract.

You should compare loan offers from several sources before you choose one. On the internet this is really easy because, you'll be provided a list of different loan offers with rates and terms included. This makes it really easy to do a comparison and choose the right boat lender for you.

When you have decided which loan offer you'll go for you must apply for the loan. You loan application has to be approved and the lender will check your credit rate before he or she can do that. Most lenders will also require proof of income before they can approve your loan application. If you apply for your loan offline, you have to do some paperwork, online you just have to fill in a few boxes of info, push a button and sit down and wait for the decision.

When it comes to the loan