Dreaming of Summer? "5-60% APR Get ready with a New Boat and a GREAT rate! Member FDIC Contact us today BankCherokee 651.227.7071 BankCherokee.com *5.60% APR is available on new boat loans (model years 2018 & 2019) up to 10096 (loan to value) for a 72-month term. APR includes $50 loan documentation fee. Minimum loan amount of $10,000 is required. Maximum loan amount of $200,000. Must have automatic payment from a BankCherokee checking account. For example, a $20,000 loan at 5.50%, rate for 72 months results in a monthly payment amount of $326.86. Loans oider btoats vary and moay be higher Othier restriction imay apply.tes for other terms and BankLocal. BankBetter. BankCherokee. older boats vary and may be higher. Other restriction may apply.