Financing boat


Financing boat


The Netherlands is a water sports country par excellence. Every day many water sports enthusiasts sail over the Dutch waters and that is contagious. If you also want to buy a motor or sailing boat yourself, that is a considerable one-off investment. Without sufficient resources, a loan may be the solution. But what should you look out for when taking out a loan for a boat and what are the monthly charges for financing your future yacht. A loan can bring the new boat a lot closer, but be well informed about the different options.

5 questions and answers

If you want to borrow money for the purchase of a boat, there are various possibilities for this. On the website botentekoop.nl are several providers who would like to finance your new boat.

An interest rate depends on several factors such as type of financing or your financial position. In some cases the interest offered is remarkably low. Vigilance is required. How come the rates are so low? Are there perhaps additional costs for compulsory insurance or other products? The risk analysis of the lender, based on, for example, age, duration or the type of contract, determines the interest rate. This is therefore different for everyone. Also pay attention to early repayment. It may be that costs are charged for this while another party can be repaid free of charge. This can vary per society.

Personal loan
With a personal loan it is possible to borrow a fixed amount in one go. You immediately know where you stand. For the entire duration you pay a fixed amount with a fixed interest and repayment per month. It is also possible to repay early or early. This is subject to conditions that differ per financier.

Revolving credit
With a revolving credit you withdraw money when needed. With such a loan, the term and repayment is flexible. The interest is that too and can therefore rise or fall. With this variant it is also possible to repay in a conjugated manner. Always be well informed about what suits you best.

The amount that you can borrow depends entirely on your personal situation. This includes income, monthly costs and other financial obligations. A provider will calculate an amount based on this data that you can borrow to the maximum. Please note that this loan entails additional monthly charges. Points for attention are the duration, monthly amount and the repayment period. The longer the term, the more you ultimately pay in interest.

It is always a good idea to see if a saving is possible, so that the monthly costs are also lower. It is also useful to see whether the existing loan can be closed on better terms. It is always possible to compare different financing providers to see if the most recent interest rate and conditions still apply to this loan.

To insure your boat abroad, you need an international insurance certificate. You must be able to show this proof when you go abroad with your boat. You can request the international insurance certificate from the insurer. Do this in time so that you can take it with you at the time of departure.

Our advice.

No matter what you do. Our advice. Always let yourself be well informed about the different options tailored to your personal situation. Click on one of the providers below for a calculation of the monthly costs.

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