Boatloan.com

Lender Summary

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.

What they're saying

Ratings & Reviews
85 Reviews
  • Interest Rates
    Excellent
  • Fees & Closing Costs
    Excellent
  • Responsiveness
    Excellent
  • Customer Service
    Excellent

Review Breakdown

  • 5 Star
    (67)
  • 4 Star
    (3)
  • 3 Star
    (0)
  • 2 Star
    (0)
  • 1 Star
    (15)

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.

  • Closed with Lender:

    Yes
  • Loan Type:

    Auto Loan
  • Review Type:

    Lender Review

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.

  • Closed with Lender:

    Yes
  • Loan Type:

    Auto Loan
  • Review Type:

    Lender Review

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!

  • Closed with Lender:

    Yes
  • Loan Type:

    Auto Loan
  • Review Type:

    Lender Review
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LendingTree Certification:

The LendingTree Certification Program recognizes Lenders and Loan Officers with outstanding performance on the LendingTree Network, they are committed to providing exceptional customer service and are graduates of LendingTree University.

LendingTree Certification:

  • Certified Lender
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  • Certified President's Club
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