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Boat Loans

Our area has access to the beautiful Chesapeake Bay and local water ways.

The bay gives an excellent opportunity to experience the fun of boating. Whether you enjoy fishing or just cruising the water a boat will give years of joy and let you experience the beauty of the bay. Harford Bank is here to help you attain that dream of boat ownership. We know what is important to the boat owner and we are ready to help. Harford Bank has great boat loan interest rates and terms.

Product Features

  • Affordable fixed interest rates, terms and payments
  • Purchase a new or used boat
  • Refinance your current boat loan to a lower rate to save money
  • Variety of loan terms with competitive pricing are available
  • Quick loan closings

All Rates are expressed in Annual Percentage Rate [APR].

Boat Loan Rates

New Boat Rates

Term Loan Amount Automatic Payment Interest Rate* Standard Interest Rate
120 Months Up to $50,000 4.94% 5.19%
180 Months $50,001 and Larger 4.74% 4.99%

Used Boat Rates

Term Loan Amount Automatic Payment Interest Rate* Standard Interest Rate
120 Months Up to $50,000 5.24% 5.49%
180 Months $50,001 and Larger 5.84% 6.09%

*Automatic Payments: To qualify for the Automatic Payment Interest Rate, you must have the monthly payments automatically transferred from a deposit account that you maintain with Harford Bank.

For new boat loans, the Annual Percentage Rates are computed based on $50,000 and $75,000 loans made for the maximum terms available. For used boat loans, the APRs are computed based on $50,000 and $75,000 loans made for the maximum terms available. The APR will be different for a different loan amount and/or loan term.

Automatic Payment Interest Rate payment examples

Based on a new boat loan amount of $50,000 and a term of 120 months, the monthly loan payment is $528.99; a $75,000 loan for 180 months would have monthly payment of $583.16

Based on a used boat loan amount of $50,000 and a term of 120 months, the monthly loan payment is $536.35; a $75,000 loan for 180 months would have a monthly payment of $626.65.

Standard Interest Rate payment examples

Based on a new boat loan amount of $50,000 and a term of 120 months, the monthly loan payment is $535.12; a $75,000 loan for 180 months would have monthly payment of $592.89.

Based on a used boat loan amount of $50,000 and a term of 120 months, the monthly loan payment is $542.53; a $75,000 loan for 180 months would have a monthly payment of $636.78.

There is a down payment requirement of 10% for new and used boat loans. Lower rates are available for a 20% down payment. Terms and rates are subject to change without notice-other terms and conditions may apply.

Visit any branch or call 410-942-4000

Fred Branscome NMLS#2016086 Cell Phone: 443-981-1243

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NMLS #630406
Routing #055001070

8 West Bel Air Avenue
Aberdeen, MD 21001
410-272-5000

member of FDIC and equal housing lender

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