If you want to borrow money for the purchase of a boat, there are various options for this. On the website Botentekoop.nl are different providers who are happy to finance your new boat.

An interest rate depends on several factors such as type of boat financing or your financial position. In some cases the interest offered is remarkably low. Vigilance is required. How come the rates are so low? Are there perhaps additional costs for a mandatory boat insurance or other products?

The risk analysis of the lender, based on, for example, age, duration or the type of contract, determines the interest rate. This is therefore different for every boat financing. Also pay attention to early repayment of the loan. It may be that costs are charged for this, while repayments can be made free of charge at another party. This can vary per society.

Personal loan

With a personal loan it is possible to borrow a fixed amount in one go. You immediately know where you stand. For the entire duration you pay a fixed amount with a fixed interest and repayment per month. It is also possible to repay early or early. This is subject to conditions that differ per financier.

Revolving credit

With a revolving credit you withdraw money when needed. With such a loan, the term and repayment is flexible. The interest is that too and can therefore rise or fall. With this variant it is also possible to repay in a conjugated manner. Always be well informed about what suits you best.

The amount that you can borrow depends entirely on your personal situation. This includes income, monthly costs and other financial obligations. To fund your boat, a provider will calculate an amount that you can borrow on the basis of this data. Please note that this loan entails additional monthly charges. Points for attention are the duration, the monthly amount and the repayment period. The longer the term, the more you ultimately pay in interest.

It is always a good idea to see if a saving is possible, so that the monthly costs are also lower. It is also useful to see whether the existing loan can be closed on better terms. Compare the different financing providers to see if the most recent interest rate is still in force for this loan.