In this video, we look at how to get the best boat loan for your situation.
Types Of Boat Loans
In general, there are two main types of personal boat loans.
Secured Boat Loan
This loan is secured against the boat you are buying so the lender has the security of knowing that they can potentially re-sell the boat if you default on your loan. This will result in a lower interest rate boat loan.
Unsecured Boat Loan
This loan is usually not tied to the asset you are buying and usually attracts a higher interest rate.
Boat Loan Interest Rates
Always ask any prospective lender for a lower interest rate and make sure that you are wary of any extremely low interest rate offers. Uncharacteristically low interest rates could have you paying much more in hidden fees and charges throughout the life of your loan.
Ready To Apply For A Loan?
At Aussie Boat Loans, we take the stress out of your search for a boat loan. With a large panel of potential lenders, we can find you a low interest rate loan with a fast approval.
Call us now on 1300 769 999 or apply online now.