Boatloan.com is powered by Intercoastal Financial Group, the nation's oldest and largest independent marine lending services firm. With over 25 years in the marine industry, we know our clients require more than just the lowest rate. We are reinventing the recreational loan process to deliver modern, personalized service with the fastest loan approval process in the marketplace. Our hassle-free approach continues to result in the highest customer satisfaction rate as proof of our dedication and experience. We welcome the opportunity to start a conversation about your boat or RV loan today.
We chose Boatloan because they had better reviews than the lowest offer. After we decided to go with them, we filled out another application which did a hard hit on our credit vs. the soft hit lending tree does. This is to be expected. What I didn't expect was they came back 1% lower than the Lending Tree estimate! My overall experience was good. The loan fees were higher than I expected. I've never bought a travel trailer before so I don't have anything to compare it to. Maybe Lending Tree should consider listing documentation fees etc. I'm sure those are flat fees. Also the loan process took a couple of weeks. Again, I don't know if that's good or bad. But you have the final approval, underwriting, getting documents notorized and what not. Plus they need things from the dealer. We purchased our travel trailer online through an out of state dealer so that added to the level of difficulty. The first email I got had the wrong phone number in it. However I did also get an email from Lending Tree with contact info. I figured that out after the first day of not hearing back when I left a message on someone else's vm apparently. But other than that the communication was good. Hal Jolles was our loan rep. He was easy to work with and explained everything. He was responsive when I called or emailed with a question. He also handled all of the title work. The sales tax and title fees where added into the loan. We never had to go to the BMV at all. Everything came in the mail. We probably could have gotten it done quicker at the dealership or maybe a local bank. But a little patience saved us over $2,000 over the term of our 15 year loan (even with the fees). I think that's worth 5 stars!
Carol from Lafayette, IN
Reviewed in August 2021
Closed with Lender:
Yes
Loan Type:
Auto Loan
Review Type:
Lender Review
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(1 of 5)stars
Horrible Experience
The process was herendous. Please make sure you do your research before choosing this company. They have some of the worst customer service I have ever experienced. They don't follow through and have poor communication. At times it seems as if they have no idea what they are even doing. Read reviews and check out any complaints against the company. Save yourself a whole lot of headaches and go with someone more reliable.
Michelle from Peculiar, MO
Reviewed in June 2021
Loan Type:
Auto Loan
Review Type:
Lender Review
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(1 of 5)stars
No Response
Submitted information via Lending Tree weeks ago. Received the 2nd best offer, but chose to go with them because of the reviews. Multiple calls to them, including voicemails left with no response. Do they really want my business?
Bryan from Saint Martinville, LA
Reviewed in March 2021
Loan Type:
Auto Loan
Review Type:
Lender Review
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(5 of 5)stars
Recommended
Incredibly fast
From start to finish the process took 6 business days. It would have been done faster if I and the seller would have provided all the information faster and completed documents faster. I bought the motorhome from a private seller.
Esaul from Modesto, CA
Reviewed in March 2021
Closed with Lender:
Yes
Loan Type:
Auto Loan
Review Type:
Lender Review
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(5 of 5)stars
Recommended
Great experience for first time boat loan
Michael and Lidia were great to work with. Michael was the first one to personally call me and ask about my loan needs, answered all of my questions and that was the reason why I chose them to process my loan. Everything went very smoothly and quickly once the process was started.
Sean from Krum, TX
Reviewed in February 2021
Closed with Lender:
Yes
Loan Type:
Auto Loan
Review Type:
Lender Review
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(5 of 5)stars
Recommended
Went very smoothly
Michael and Lidia did a great job. Not only did they have the best rate but they were the only ones to return my calls when shopping around. When a problem came up with the boat title Michael new just what to do and followed up accordingly.
Christopher from Broomfield, CO
Reviewed in January 2021
Closed with Lender:
Yes
Loan Type:
Auto Loan
Review Type:
Lender Review
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(1 of 5)stars
Excruciatingly Tedious!!
Excruciatingly tedious!!! If I could give a lower score I would. We have gotten many loans (mortgage, mortgage refi, car loan, etc) and NOTHING was more difficult than the process for this loan. IFG makes it difficult every step of the way, to the point where it was like having another full time job. My loan officer was very helpful initially. As the process wore on, he grew much less helpful. There were several occasions where I had to track down information and forms for him from my state DMV. He was also very unclear about the timeline, when things would be complete, or even when I could go pick up the RV from the seller. At this time, it has been over a month since the process first started, and I still cannot legally drive the RV. The title work has still yet to go through. It has been a never ending waiting game. The most laughable part is that they sent us a bill for our first payment to be due**.BEFORE WE CAN ACTUALLY DRIVE IT!! This is 2020. In many cases you can have loans taken care of with a few clicks online. Or, you can go sit in a dealership, and drive off of the lot the same day. I fail to see why IFG has made their systems so archaic, and customer service so lacking. It takes over a month to finalize loan financing and title work. It has been a long time since I have had such poor experience from a company.
Mike from Milton, DE
Reviewed in December 2020
Closed with Lender:
Yes
Loan Type:
Auto Loan
Review Type:
Lender Review
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(4 of 5)stars
Recommended
Amazing Rate
The initial pre approval process was very easy. Fees were very reasonable, Rate / Term were amazing, no other company was close. The process to finalize the loan was a bit of a bear. This may have been due to the seller being a smaller dealer not used to somebody not using their financing company. I had to make multiple calls to my agents, then the dealer making sure they were following up with each other. Final closing was delayed one day as a result. Overall pretty happy with the results.
Tom from Indianapolis, IN
Reviewed in September 2020
Closed with Lender:
Yes
Loan Type:
Auto Loan
Review Type:
Lender Review
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(1 of 5)stars
Boat Loan
BEWARE!! I used this company for a boat loan. It has been the worst experience ever! I would not use them for any reason. They lost the titles to the boat and it’s been 2 months without any resolution! The loan is already done, I’m being sent payments and I ha e not been reimbursed for the loan amount. At this point I’ve had to hire an attorney to handle collecting my funds that the bank sent the broker and they are with holding or have decided to keep. Thefts! Liars and unprofessional. You’ve been warned!
Todd from Encinitas, CA
Reviewed in August 2020
Closed with Lender:
Yes
Loan Type:
Auto Loan
Review Type:
Lender Review
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(5 of 5)stars
Recommended
So easy
I loved working with the folks at boa*****.com* They made it so easy and personal. I had never bought a boat before but they walked me through the process. I didn't have to use an automated line or sit on hold. I was able to text them and get responses immediately. Great customer service! They went above and beyond.
Summer from Marshall, TX
Reviewed in August 2020
Closed with Lender:
Yes
Loan Type:
Auto Loan
Review Type:
Lender Review
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