Hi there! When it comes to boat loans, interest rates are influenced by your credit rating. Applicants with lower scores present a higher level of risk to marine finance lenders and are therefore charged a higher level of interest on their loan – so, the short answer is to take steps towards improving your credit score if you suspect yours may limit your chances of getting a boat finance deal you can afford.
By applying for finance through a broker, you can get access to the best boat loan rates available to you – as we work closely with a panel of reputable lenders, each with a unique set of criteria when it comes to approving an application. That way, even if you’ve suffered some financial difficulties in the past, you may still be able to enjoy competitive marine finance rates.
Marine mortgage calculators are the simplest way to get an idea of interest rates and monthly repayments. Give ours a go for your own personalised, online quot