BOAT LOANS
	NEW & USED
	80% Financing - 20% Down Payment
	FIXED RATE
	AMOUNT	RATE	APR	TERM	MONTHLY PAYMENT    PER $ 1,000
	$100,000 and over	6.250%	6.250%	180 months	$8.57
	$50,000 - $99,999	6.375%	6.375%	180 months	$8.64
	$15,000 - $49,999	7.500%	7.500%	180 months	$9.27
	$15,000 - $49,999	7.375%	7.375%	120 months	$11.80
	$5,000 - $14,999	8.500%	8.500%	180 months	$9.84
	VARIABLE RATE - Minimum Term 13 months
	AMOUNT	RATE	APR	TERM	INITIAL MONTHLY PAYMENT    PER $ 1,000
	over $10,000	5.375%	4.630%	180 months	$8.10
	$10,000 or less	8.375%	6.530%	60 months	$20.63
	Index is the weekly average yield on U. S. Treasury Securities adjusted to a constant maturity of one year
	(one year T-bill), 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 FIXED/REVERTS TO 1 YEAR VARIABLE IN THE 4TH YEAR
	AMOUNT	RATE	APR	TERM	INITIAL MONTHLY PAYMENT    PER $ 1,000
	over $10,000	6.125%	5.160%	180 months	$8.50
	$10,000 or less	8.375%	8.010%	60 months	$20.45
	Index is the weekly average yeild on U.S. Treasury Securities adjusted to a constant maturity of one year
	(one year T-bill), 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 $525.00 - $550.00.
	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 12/23/2008