Popular Questions

While Marker 5 has access to the most competitive rates in the marine industry the interest rates vary based on a number of factors including but not limited to: the amount you are financing, the age of the unit, and your credit history/score. To further discuss rates please contact us at +1 239-437-0085.

For boats over 30' in length and/or loan amounts over 100,000 the lenders may require US Coast Guard documentation. We will include those documents in your closing package and facilitate that process so that it is taken care of for you.

These are some general guidelines for terms: 10,000 to 24,999 = 144 months 25,000 to 49,999 = 180 months 50,000 to above = 240 months These terms could change based on the age of the unit or credit.

Most banks look for a minimum of 10% down with that amount increasing for loans over $200,000. It is possible on loans under $100,000 and with approved credit to qualify for no money down.

Generally, approvals are good for 30 days. It is usually possible to have that approval time extended in the case of an ordered unit or other extenuating circumstance.

Approval times can vary based on the size of the loan or the complexity of the credit history. Often it is reasonable to expect an approval the same day while some applications may require more time.

There are a few ways that you can choose from to get started with your loan application. You can complete an application online or you can download a printable version that can be faxed or mailed to us. If you have questions or these options are not feasible for you please contact our office at +1 239-437-0085.

Yes, we take every measure to ensure that your information is protected while in transit over the internet.