Frequently Asked Questions
How much money do I have to put down to finance my boat?
Our downpayment requirements vary. We offer downpayment options as low as 20% of the purchase price or value.
What is the minimum credit score needed to be approved for funding?
The credit score requirements to be eligible for a boat loan through LaVictoire Finance vary depending on multiple loan factors such as the loan amount. We offer financing options with credit scores as low as 660.
Is there a minimum loan amount?
Currently, our minimum loan amount is $70,000.
What loan terms do you offer?
We are proud to offer a wide variety of loan products to ensure that our products fit the needs of our customers. We have a team of lending experts ready to discuss all of the options available and will work with you to create a product that works for you.
Can you help me secure insurance for my new boat?
You need to have insurance on your boat on or before your closing date. Our team is happy to provide you with excellent resources to help you meet these insurance requirements if needed.
Will you finance a boat used for charter?
Yes! Not only do we offer a variety of financing options for personal-use vessel ownership, but we also offer financing options for boats used in full-time and part-time charter.
Reach out to a team member to learn more about the specific requirements to finance a boat used in charter.
What does LaVictoire Finance do for you as a lender?
As a lender, LaVictoire Finance operates as a division of the Bank of Clarke County to help you finance your boat.
This offers many benefits to you as the buyer, including one-on-one guidance from our expert lending team, the ability to see the financing options available to you within minutes when you apply online, and transparency into your loan as it progresses through our online portal.
We also work with a network of trusted boat dealers on a referral basis every day.
Do you offer an option to close through online notarization?
Absolutely. Our loan process prioritizes a quick and easy customer experience. You can close when you want, where you want with our Remote Online Notary service.