Get Boat Loan Application Supplement - Penfed - Penfed

Filling out the Boat Loan Application Supplement from PenFed online is a straightforward process that allows users to gather necessary information for obtaining a boat loan efficiently. This guide provides a step-by-step approach to assist users in filling out the form accurately.

Follow the steps to complete the Boat Loan Application Supplement

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering your member name and application number at the top of the form to link your application correctly.
3. In the Boat Information section, indicate whether the boat is new or used. If the length is 25 ft. or weighs 3 tons (6000 lbs), you may need to contact PenFed for titling documentation procedures prior to loan approval.
4. Fill in the boat's year, manufacturer, model, model number, serial number or VIN, weight in net tons (2000 lbs = 1 ton), length in feet, and name of the boat if it is used. If applicable, include the title number required by your state.
5. Proceed to the Motor Information section. Indicate if the motor is new or used, then provide the year, horsepower (HP), manufacturer, and serial number or VIN.
6. Next, fill out the Trailer Information section in the same manner, specifying if the trailer is new or used. Include details such as the year, length in feet, manufacturer, and serial number or VIN.
7. In the Purchase Information section, enter the purchase price, down payment, and amount to be financed. Include the seller's name, whether it is a private party or dealer/broker, and the seller's address, along with their phone number if applicable.
8. Answer whether the boat is lien-free and provide the name and address of the lienholder if it is not. Include the seller's account number with the lienholder and the payoff amount, ensuring to note the payoff good through date.
9. Fill in the Storage/Ownership Information, detailing summer and winter docking locations and any associated fees. Indicate the state in which the boat will be titled and/or registered, and specify the names that should appear on the title/MSO/registration.
10. Acknowledge your agreement for full coverage hull insurance with specified terms, including the name of the insurer and the insurance policy number, along with the address of the insurer.
11. Finally, ensure all signatures are provided, including the member's and co-applicant's signatures along with the dates.
12. Once all sections are completed, review your entries for accuracy. Save changes, download, print, or share the completed form as needed.

Start filling out your Boat Loan Application Supplement - PenFed online today!