Every boat owner knows how much fun it is to be out on the waves, enjoying their watercraft. Therefore, it’s no surprise that so many people want to buy a boat of their own. However, boats are expensive, and it’s not very likely that you have the money needed to get a new one laying around your house or lost in the cushions of your couches. That’s why so many boat owners look to financing to get their dream boat. Finding a good boat loan can be difficult, but it doesn’t have to be. TD Bank Boat Loans are a solid choice to get you out on the water with minimal fuss. TD Bank can also help refinance your current boat loan, saving you money on monthly payments and interest.
Boat Loans with TD Bank
There are many different options when it comes to getting a loan from TD Bank. As of writing, they offer loans from $2,000 to $50,000. The amount of the loan will influence the interest rate you receive, and thus can affect your monthly payments. The loan amounts offered by TD Bank fit nicely in the range to purchase many different types of marine vessels, and you should be able to get the funding you need to complete your purchase, as long as you’re not looking to spend too much money.
Something that many boaters will love is the fixed rate that TD Bank offers on its loans. This preserves predictability and makes it so that you don’t have to keep track of constantly changing interest rates so your monthly payment will always be the same. Many watercraft enthusiasts prefer this to a variable rate loan, where the rate can change at any time depending on factors that are beyond your control.
Another great thing to note with TD Bank loans is the low APR. The APR rates start at 8.99% as of this writing, and you can receive a discount on your loan if you sign up for automatic payments with a TD Bank checking account. This makes TD Bank an especially appealing option for those who already do their banking with them, and their online banking software and app will let you track your checking account as well as your loan so you can get a complete picture of your finances in one swift move.
Boaters have also reported being charmed by the fact that TD Bank doesn’t charge any annual fees for their loans, which can save you thousands over the course of the loan. When combined with the automatic payment deduction and already low APR, it’s not hard to see why so many boaters have high praise for their TD Bank loan.
Make your TD Bank Boat Loan Even Better
The standard options for TD Bank are good, but there are things that boaters can do to improve their financing situation even more. The first step you should take is to check your credit report. A higher credit score will help qualify you for the best loan options and rates. If you have derogatory remarks on your report, consider a credit repair service to get them removed and get your score up. The savings on your loan will certainly outstrip the cost of the service, and it can also help put your mind at ease knowing that you will certainly qualify for the loan you’re requesting.
As you can see, TD Bank is a solid choice for financing the watercraft of your dreams. If you’re thinking about buying a boat and will need financing, give them a call or visit your local branch to see what they can do for you!