NEWS
Interest only loans for boats now available
Boating finance specialist, Finlease, has introduced an 'interest-only' finance option for boat buyers. The product was 'unveiled' at the recent Sydney Boat ShowAccording to Finlease, the loans are offered to customers with strong financial histories and are typically for amounts over $100,000. The facilities are secured by the boat alone -- in other words, borrowers do not need to use their real estate as security.
According to Finlease a minimum deposit of 20 per cent of the purchase price is required. The loan terms are for 12–18 months at which time the loan can either be rewritten for a further interest only period (with conditions) or rolled over into a longer term debt.
Finlease says the loans are available for boats purchased for both business and private use.
For more information, contact Finlease, tel 1800 358 658 or click here and follow the links.
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Written byBoatsales Staff
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Please see our Editorial Guidelines & Code of Ethics (including for more information about sponsored content and paid events). The information published on this website is of a general nature only and doesn’t consider your particular circumstances or needs.
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