Secured Loans for Boats
It may seem an odd reason to take out a loan but when you see all those expensive yachts and cruisers out on the waves you can be sure they have not all been paid for with cash. For many people sailing is their life and where other people would take out a loan to purchase a car or extend their home, others would prefer to spend their loan on a boat.
We have up loans for all types of people who wished to purchase a boat - you may be setting up a business and securing the loan for the boat purchase against you home - one customer was setting up a sailing school and need to buy a 38 foot yacht. Others may be buying a boat in advance of retirement, knowing that they can pay off the loan once they get their first lump sum from their pension.
- Secured Loans
Boats are not cheap and therefore you could look to a secured loan in order to borrow the larger amount that you may need for a boat purchase. - Unsecured Loans
Unless your sailing boat is small or cheap - a small dinghy perhaps - then it is unlikely that you will be able to find an unsecured loan that covers the full amount you need - it depends on your credit history and other aspects of your personal circumstances.
Request a Quote and one of our team will discuss your options and provide some example quotes for you.
Complete the Quote request form today.
