BOAT LOANS
	NEW & USED
	80% Financing - 20% Down Payment
	FIXED RATE
	AMOUNT	RATE	APR	TERM	MONTHLY PAYMENT    PER $ 1,000
	$100,000 and over	5.990%	5.990%	180 months	$8.43
	$50,000 - $99,999	6.500%	6.500%	180 months	$8.71
	$15,000 - $49,999	7.000%	7.000%	180 months	$8.99
	$5,000 - $14,999	8.000%	8.000%	180 months	$9.56
	VARIABLE RATE - Minimum Term 13 months
	AMOUNT	RATE	APR	TERM	INITIAL MONTHLY PAYMENT    PER $ 1,000
	over $10,000	4.990%	4.31%*	180 months	$7.90
	$10,000 or less	7.990%	6.36%**	60 months	$20.27
	Index is the weekly average yield on U. S. Treasury Securities adjusted to a constant maturity of one year
	Margin is 4.00%, Caps are plus or minus 2.00% per review and plus or minus 8.00% lifetime.
	Payment may vary after one year.
	3 YEAR VARIABLE/REVERTS TO 1 YEAR VARIABLE IN THE 4TH YEAR
	AMOUNT	RATE	APR	TERM	INITIAL MONTHLY PAYMENT    PER $ 1,000
	over $10,000	5.500%	4.73%*	180 months	$8.17
	$10,000 or less	8.125%	8.1%**	60 months	$20.34
	Index is the weekly average yeild on U.S. Treasury Securities adjusted to a constant maturity of one year
	Margin is 4.00%, Caps are plus or minus 2.00% per review and plus or minus 8.00% lifetime.
	Payment may vary after three years.
	*APR assumes 20% down payment and is based on a loan amount of $25,000.00.
	**APR assumes 20% down payment and is based on a loan amount of $10,000.00.
	Vendor Single Interest (VSI) coverage is required which costs $31.00 per boat up to a loan of $75,000.00.
	Coverage is for a maximum term of 180 months.
	Documentation is required on boats 26 feet or longer at a cost of between $400.00.
	Survey is required by a certified surveyor on boats 24 feet or longer and more than 2 years old.
	No high performance boat financing available.
	ALL RATES, TERMS AND CONDITIONS SUBJECT TO CHANGE.
	SUBJECT TO CREDIT APPROVAL
Member FDIC.                Equal Housing Lender.       www.chelseagroton.com        Rates effective 01/20/2012