Adelaide Boat Finance Made Easy.
If you’re looking at purchasing a boat; either new or used, from an Adelaide boat dealership, you’ll be wanting to find out what boat loans are available in Adelaide, what the repayments will be and if you can be approved for boat finance.
Boat loans Adelaide can be applied for online in under 2 minutes and if you qualify; meeting the lenders boat lending criteria, you could have an approval the same day.
National Finance Choice are boat finance brokers, assisting you buy boats or any other marine craft such as jet skis with either a secured personal loan product or unsecured personal loan product; arranging boat insurance at the same time too.
With secured personal loans for a boat – secured boat loans, the lender will take the boat as security; i.e. take a mortgage over the boat, until all the repayments have been made, you will then own the boat freehold. In the case of unsecured personal loans for purchasing a boat – unsecured boat loans, the lender will not take the boat as security; or anything else for that matter.
Due to the increased security to the lender, secured boat finance will generally attract a lower interest rate than unsecured boat finance.
The lending criteria for secured boat loans will not be as stringent as it will be for unsecured boat loans; which is generally only given to home buyers or home owners who have an excellent credit history, stability of at least 5 years in their employment and address and have a good record of savings. If you are applying for a secured loan for a boat, you may be required to be the holder of a boat license to qualify for the loan in South Australia.
The boat lending criteria will vary from lender to lender; which is why it’s an advantage to use National Finance Choice SA NFC SA) in Adelaide. NFC SA’s experienced boat loan brokers are aware of which lender from its panel is more likely to approve boat loan applications given your unique circumstances; increasing the chance of a speedy approval.