Apply online for low rate boat finance if you want to make your boating fantasies a reality. Not only will it assist you in funding that new or old boat you’ve been admiring, but it’ll also be a speedy and painless process that will have you out on the water in no time! Purchasing the boat of your dreams is easy due to our loan products, simple process, and wholesale interest rates. So, whether you’re looking for a loan for a fishing boat, family fun on the water, or the more challenging side of sailing, our affordable loan rates, flexible alternatives, and trusted lenders could help you find the ideal boat loan. What type of boat financing is right for you?

Consumer Boat Finance

A consumer loan provides you with simple repayments and a set interest rate for the loan duration. The boat will also be used as security, giving your lender more confidence. If you cannot repay your loan for whatever reason, your vessel will be sold, and the proceeds applied to the repayment amount. The consumer is responsible for any outstanding debt. A loan repayment calculator will assist you in determining what loan structure is best for you and your lifestyle.

  • Fixed interest rates that are secure and stable
  • Flexible loan terms of one to seven years are available.
  • Select a repayment term that is convenient for you.

Personal Boat Finance

An unsecured bank loan can provide you with the funds you require to purchase the boat of your dreams. However, a personal boat loan is a terrific alternative if you’re looking for low rates, flexible terms that work for you and your budget, and a repayment that is cost effective. Furthermore, your boat or new accessory can be used as collateral to lower your interest rate and monthly payments.

  • You can fund your desired model in a variety of ways.
  • Competitive rates.
  • Get a lower interest rate on your loan by securing it.

Boat Chattel Mortgage

A chattel mortgage is an acceptable alternative if you use your boat for business purposes. Your selected lender purchases your vessel under a chattel mortgage then registers a mortgage, establishes a fixed interest rate, and arranges an ongoing repayment plan with you. You’ll also benefit via tax-deductible interest and depreciation because you’re using your boat for business.

  • Fixed-rate of interest
  • Loans with terms ranging from one to seven years are available.
  • There are options for residual value or balloon repayments.

Information is power, so the more we know, the better it is for you. So, apply for boat finance with Credit Concierge today!