|Vessel Length||Client Annual
|$75,000 - $4,000,000||240 Months||25 feet or longer||5.50% APR|
|$55,801 - $74,999||180 Months||25 feet or longer||5.37% APR|
|$25,000 - $55,800||180 Months2||25 feet or longer||6.75% APR|
|$100,000 - $4,000,000||
3-Year Fixed Adjustable Rate Program
Fixed for 3 years at 4.50% APR then adjusts to WSJ prime rate + .50%. Amortized over 240 months. Prepayment penalty 1.50% for first 12 months.
|$100,000 - $4,000,000||
Monthly Variable Rate Loan Program
(Rate changes monthly - no rate lock)
Important Information About These Products
Subject to credit approval, eligibility and credit qualifications.
1 Your actual rate may vary based on a number of factors, including loan term. Available rates may change without notice. Property insurance required. Loan approval and final terms are subject to review of your credit history, income and other factors. Rates effective 06/11/2018.
2 Payment Example: A borrower financing $75,000 after a down payment of 15% at an Annual Percentage Rate of 5.50% would make 240 monthly payments of $515.91.
SunTrust Marine Lending offers marine loans throughout the U.S. with exceptions to the following states: Hawaii and Vermont.
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Investment and Insurance Products:
Are Not FDIC or any other Government Agency Insured Are Not Bank Guaranteed May Lose Value
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Equal Housing Lender. SunTrust Bank - NMLS #93471. Member FDIC.
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