Essex Credit Boat Loan & RV Loan Review

Essex Credit Boat Loan & RV Loan is offered by Essex Credit, a direct lender founded in 1981 and based in San Ramon, CA. Essex Credit Boat Loan & RV Loan is available in 49 states (and Washington, DC).

How much can you borrow via Essex credit?

Essex credit loan amounts start at $10,000 and go up to $2,000,000.

What APR does Essex credit offer on its car loans?

Essex credit offers an car loan product that ranges from 3.99% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with Essex credit?

Essex credit has car loans with a maximum term of 240 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.

Does Essex credit charge an origination fee?

Yes, Essex credit may charge a loan origination fee.

Does Essex credit charge a late fee?

Yes, Essex credit charges borrowers with a late payment penatly fee

Does Essex credit charge prepayment fees?

No, Essex credit will not charge you a fee for paying your loan early. Whenever possible choose lenders like Essex credit that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Essex credit loan?

Yes, you can. Essex credit does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for Essex Credit Boat Loan & RV Loan?

Applicants with a credit score of at least 690 and up to 850 may be eligible for Essex Credit Boat Loan & RV Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Essex Credit Boat Loan & RV Loan does not have or does not disclose a minimum annual income eligibility requirement. Essex Credit Boat Loan & RV Loan only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members are eligible to apply for a loan via Essex Credit Boat Loan & RV Loan. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Recent pay stubs
• Driver's license
• Proof of citizenship or residence permit

What is the estimated funding time for a car loan via Essex credit?

Essex credit will typically approve (or deny) a car loan application within 72 hours and fund the car loan within 14 business days of approval.