Affordable financing is one of the things that makes buying a timeshare on the resale market so attractive. Rather than a mortgage on the timeshare itself, timeshare loans are essentially personal loans guaranteed by your good credit. Bay Tree Solutions has put together a list of preferred lenders who will finance your timeshare purchase, at lower rates than the resorts charge, for terms up to 7 years with no down payment needed. A convenient option is to include closings costs in your monthly payment, for a true "zero down" timeshare loan: To do so, request an additional $500-$1,000 more than the sale price of your new property.
Financing is available for purchase prices between $5,000 and $100,000. APR varies based on creditworthiness.
Our top recommendation is SoFi®, an online personal finance company that offers excellent rates and terms. Publicly available SoFi® rates and terms are used to calculate example monthly payments shown on our website. Click here to visit their website and apply for a loan to finance your timeshare purchase.
Another great choice is LightStream®, a division of SunTrust Bank; offering financing with flexible terms to qualified buyers, with no down payment needed.
Another recommended option for timeshare financing is Vacation Club Loans. They offer competitive financing for most of the Major Brands. Visit their website to shop rates using their convenient payment calculator.