Secured Boat Loan

Typically, secured loans feature lower interest rate then unsecured lending. With a secured boat loan, the boat is used as security. An amount is lent that is either equal to, less than or greater than the value of the boat.

Do I need a deposit

Usually boat loans require some form of deposit. However, if you are a homebuyer, you may qualify for a no deposit boat loan

What is required to apply for a boat loan

A lender likes to see proof of income and also identification. This usually means drivers licence and two recent payslips.

Do you arrange pre-approvals for boat finance?

Yes we certainly do. We are able to provide you with an obligation free pre-approval. You pre-approval is valid up to a certain loan amount. This means you can go out looking for a boat and know you have the finance approved when you need it.