Financing Your Boat
At the core of our offerings at Import a Boat is also Boat Finance. Boat financing is a very efficient method of buying a boat way more than people think it is. Purchasing a boat is honestly not as hard as people think all thanks to Boat finance.
At Import a Boat, we make available a topnotch medium to get your desired finance to help your boat in the shortest possible time. With our way, you do not necessarily have to face the long hassle of the traditional physical banks just to set your finances straight and give you a wide range of financing options.
Our various financing packages and options are fashioned so that it can be fitted easily into your choices. If it doesn’t, it can be easily modified given the flexibility of our packages. Be rest assured that your choices are safe with us.
Boat Loan
One of our financing packages is Boat loans. The processing of a Boat loan depends on several factors such as; the purpose for the loan, the amount of money you want as loan, the time frame for collecting the loan, and your net worth or credit profile. Without the smooth running or confirmation of the above, your credit loan stands a very high chance of being rejected.
At Import a Boat, we are skilled in helping you secure boat loans for any vessel type. We have delivered a topnotch experience to our clientele, and we guarantee you a stress-free and easy process. The most common forms of boat loans are marine loan and Light stream loan.
Our loan process is very simple and entails just three basic steps.
- Filling out the online application for the loan.
- The processing of the application. Once a decision has been made over your application, we would let you know at once.
- Scheduling an appointment with your bank manager for closing and funding your loan.
Once it is a banking day, you can fund your loan. Of course, the approval of your credit loan depends on your eligibility as well as your credit qualifications.
The bank loan rates are largely dependent on some factors. The terms of your loan which entails APR is quite distinct based on the factors mentioned above. If you have very good credit, then you will most likely qualify for very low rates. The loan rates range from about 4.3%- 11.9% APR/AutoPay. At times the rates can be discounted if quoted with AutoPay. Without it, the rates may be higher. Of course, certain conditions are applicable.
In processing a boat loan, we at Import a Boat allow you to have co-signer or a co-applicant. However, this is only possible if you are co-owners of the vessel.
Once your loan has been successfully processed, and you are not satisfied with our services, please get in touch with us. We would instantly send you an enquiry form to fill. That way, you can intimate us on how to improve our services.
Boat Finance Calculator
As earlier stated, owning a boat isn’t necessarily as expensive as you think. With our Boat finance calculator, you can easily calculate how affordable getting yourself a boat can be. This medium is one of our numerous ways of making it stress-free for our clients to have their needs met, and expectations surpassed. The calculator allows us to help you find a boat that perfectly matches your purse, expectations, and lifestyle. This way, you can reasonably stay within your budget.
The amazing thing to note is that you get a front-row seat to experience it all, right from you filling and submitting your application for a credit loan, right down to examining and evaluating the financing options available to you. We are here to help every step of the way.
The boat finance calculator helps to figure out what you are expected to pay on your boat loan as payments occasionally. All you need to do is to punch in the amount of credit loan borrowed, the term of payment, and the pre-agreed interest rate. After entering the values, you can go ahead and calculate. The boat loan calculator will reveal both the amount for the principal and payments on interests that you will achieve on a boat loan with a fixed-rate basis.
In making the boat finance calculator easy, there are some finance terms or phrases that might help in calculating. They are;
Payment Per Month: This refers to the amount of money you are expected to pay every month in a bid to pay your loan. This amount is largely determined by the amount you get from the loan calculator.
Term Of A Loan: This means the number of years you are looking forward to make payments for the loan.
Interest Rate: This isthe amount paid for obtaining the credit loan.
Deposit: This is the amount total expected to be paid as a down payment. The standard is always 15% of the total boat price. However, this is largely dependent on the term, boat age etc.
Cost Price: This is also known as the purchase price. It is the absolute cost of buying the boat, excluding any sales tax.
Balance Outstanding: This is the amount of total loan balance remaining or owed on the boat purchase.
Allowance: This is the amount given to you as a part of any boat trade or purchase.
Additionally, there are other boat finance or loan calculators. These types are determined by the function they perform. They include;
Loan Calculator For Credit Score: This way, you get to calculate your credit score and weigh your options for a personal loan available to you.
Loan Calculator For Home Equity: You get to check if you are eligible for a loan such as a home equity loan calculator for a personal loan.
Loan Calculator For Debt-To-Income Ratio: This makes it possible to evaluate your debt to income ratio.
Disclaimer: We are not a registered financial institution in Australia. All the financial opinions rendered here emanate solely from our team’s research and experience and are intended to serve educational purposes only. All information is, however, accurate and updated. Occasionally though, you may come across misprints or unintended errors.