Obtaining a boat loan
With a boat loan you can have your dream boat out on the water sooner. This is made possible by natloans tailoring your boat financial to your individual circumstances and current financial situation.What choices do you have when it comes to financing a boat? There are essentially two types of boat loans available for you.
Secured Boat Loan
With a secured boat loan you own the boat from the moment you take possession of it! This is very appealing to many of our customers. Another advantage is that you can make additional repayments at any time which will reduce the amount of interest and period you have the loan.
Unsecured Boat Loan
An unsecured boat loan is a very flexible loan product and can be used to purchase other marine goods. You have own the boat from the on set of the loan contract which is means that you can claim depreciation if used for business. These loan generally attract a higher interest rate as a result of the flexibility but are great of non-home owners.
Like with any loan you need to look at your current circumstances and determine how much your can afford. There are a number of factors that will affect the amount of money you can borrow. Our friendly staff have been professionally trained to look at your current finical situation and tailer a loan specifically for you. This means you will be able comfortably repay the boat loan without the hassle of feeling like you have a financial burden.