Marine Finance
A boat loan is the financing of a boat purchase through
a loan whether its secured or unsecured loans. Choosing the right financing
source can be as important as choosing the right boat. Before
applying for a boat loan a borrower must ensure that they have a clean credit
history, lenders will not assist or approve boat loans to any borrower who
disregard their financial responsibilities. Boat loans are as sensitive as any
other type of loan, which means the responsibility to do repayments must be
done on time.
Boat loans can be repaid at a fixed rate as well as a variable
rate. If a borrower chooses to repay at a fixed rate it means that there is a
fixed sum of money that needs to be paid every month. If the borrower chooses
the variable rate or adjustable rate, the interest rate fluctuates with market
interest rate.
Borrowers are allowed to choose the interest rate option that
will best suit their budget. Most lenders will not fully finance a boat
purchase so the borrowers will need to have some capital before applying for a
boat loan in New Zealand. Always take into consideration the costs
involved with the fees associated with the boat loan that may turn out to be
costly
Where to get boat loans in NZ ?
There are numerous financial institutions and
other lenders that offer boat loans and boat refinancing in New Zealand. And
just like applying for a loan online, financial institutions and lenders that
offer boat loans have websites for those borrowers who wish to apply online.
Listed below are three
TOYOTA MARINE FINANCE
Boat
loans with Toyota Marine Finance: Besides helping them get into a vehicle,
Toyota Financial Services helps New Zealanders get on to the water as well. Website: www.getaboat.co.nz
NZLoan
No high
pressure sales tactics, no hidden costs and no horrendous interest rates.
NZLoan is the best for quick, easy, low interest car or marine finance. website : www.nzloan.co.nz
FINANCE POINT
It’s
easy, it’s simple and it’s fast. Boat loans or refinance you existing loan at
the touch of a button. Getting your boat loan from Financepoint can save you
time, money and hassle. website : www.financepoint.co.nz
MARAC FINANCE
They offer marine finance to kiwis with very competitive rates and fees. It is flexible with competitive rates and fast finance
approval. The loan and the repayment is
scheduled on the weekly, fortnightly or monthly basis depending on your needs. check out more on MaraceFinance here
