Boat loan – apply for boat financing directly online

Apply for financing for a new boat easily. Select the financing option that best matches with your need for a loan and buy the boat of your dreams! Compare loans and apply for boat financing directly online.

  • Manage your loan safely and easily throughout the loan term

  • Flexible repayment

  • Apply for a loan online right away

 

Calculate a suitable loan for you

How much do you need to borrow?
Monthly repayment
-
Loan term
Planned loan term. The maximum recommended home loan term is 20 years. You can discuss with the bank if the 20-year loan term does not suit your needs.
Interest rate
The interest rate given automatically by the calculator is the current default interest on the home loan (12-month Euribor + customer-specific mark-up). You can change the interest rate and try how changes in interest rates affect the loan.
Try out how a considerably higher rate affects the monthly repayment of your loan.

Home loan


Monthly repayment
€/mo
Payment protection insurance premium
€/mo
Loan amount: €
Scope of payment protection insurance: €
Insurance premium: €/mo
€/day
A maximum of 300,000 euros can be insured on the loan, monthly compensation is a maximum of 2,500 euros and the maximum policy term is 30 years. If you have a larger loan, your bank will help you choose a suitable solution for protection.
Total monthly repayment of protected loan:
€/mo
Failed to calculate payment protection insurance. Try again.
You can earn OP bonuses during the first year
+ €
OP bonuses are earned by all Group member bank owner-customers with transactions entitling to bonuses. At Helsinki OP Bank, you are given OP bonuses when your banking and/or insurance transactions come up to at least €5,000 per month. Transactions mean, for example, the total amount of loans, savings, purchases paid using OP-Visa as credit card. They also include insurance premiums for Pohjola’s home, family and motor vehicle policies. OP bonuses are used to pay for banking services such as loan service charges. OP bonuses are also used for Pohjola home, family and motor vehicle policy premiums and OP-Kiinteistökeskus real estate commissions. OP bonuses have been calculated for the first year on the bonus scheme rules currently in effect. The calculation has taken account of your monthly repayments for the first year.
Repayment method:Equal payment
Equal payment. The monthly repayment amount remains constant but the loan term may change when interest rates change.
Effective interest rate: %
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
Estimated total cost: €
Indicates how much it would cost to repay the loan, including charges and interest amounts, based on the information you have provided.
How much do you need to borrow?
What would be a suitable loan term?
Last repayment
We recommend you
Other options
Hire purchase SECURED

The loan is not amortised quickly enough. Change the loan amount or loan term.
Monthly repayment
€
Interest rate
%
Total cost
€
Last repayment: €
The loan is secured against the car you have bought
  • The loan is secured against the car you have bought
  • Suitable for all banks' customers
  • Preliminary financing decision at once
  • Suitable for all banks' customers
  • Preliminary financing decision at once
Loan documentation fee €YLL_DATA_INIT_COST_AMOUNT and handling fee €YLL_DATA_EXPENSES_MONTHLY/repayment.
  • Interest rate: %
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
Read more about Hire purchase ›
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Flexible Consumer Credit UNSECURED

The loan is not amortised quickly enough. Change the loan amount or loan term.
Monthly repayment
€
Interest rate
%
Total cost
€
You can apply for credit worth €2,000–8,500
  • You can apply for credit worth €2,000–8,500
  • Suitable for making smaller purchases
  • Credit decision issued immediately or within two banking days
  • Suitable for making smaller purchases
  • Credit decision issued immediately or within two banking days
The loan servicing fee is €6 / month and covers the credit establishment fee, drawdowns to your account and invoicing. You will not pay other expenses than the interest and loan servicing fee.
  • Interest rate: %
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
Read more about Flexible Consumer Credit ›
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Special Consumer Credit UNSECURED

The loan is not amortised quickly enough. Change the loan amount or loan term.
Monthly repayment
€
Interest rate
%
Total cost
€
You can apply for credit worth €2,000–15,000
  • You can apply for credit worth €2,000–15,000
  • Suitable for financing a one-off purchase
  • Credit decision issued immediately or within two banking days
  • Suitable for financing a one-off purchase
  • Credit decision issued immediately or within two banking days
The loan servicing fee is €6 / month and covers the credit establishment fee, drawdowns to your account and invoicing. You will not pay other expenses than the interest and loan servicing fee.
  • Interest rate: %
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
Read more about Special Consumer Credit ›
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Bank Loan SECURED

The loan is not amortised quickly enough. Change the loan amount or loan term.
Monthly repayment
€
Interest rate
%
Total cost
€
You need collateral for the loan, such as an owner-occupied home.
  • You need collateral for the loan, such as an owner-occupied home.
  • Suitable for one-off purchases of over €10,000
  • We can customise a loan repayment plan for you
  • Suitable for one-off purchases of over €10,000
  • We can customise a loan repayment plan for you
Loan drawdown and any possible partial drawdowns are subject to a charge based on the bank's service charges and fees.
  • Interest rate: %
  • Reference interest rate:
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
Read more about Bank Loan ›
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How much do you need to borrow?
What would be a suitable monthly repayment?
We recommend you
Other options
Flexible Consumer Credit UNSECURED

The loan is not amortised quickly enough. Change the loan amount or monthly repayment.
Loan term
Interest rate
%
Total cost
€
You can apply for credit worth €2,000–8,500
  • You can apply for credit worth €2,000–8,500
  • Suitable for making smaller purchases
  • Credit decision issued immediately or within two banking days
  • Suitable for making smaller purchases
  • Credit decision issued immediately or within two banking days
The loan servicing fee is €6 / month and covers the credit establishment fee, drawdowns to your account and invoicing. You will not pay other expenses than the interest and loan servicing fee.
  • Interest rate: %
  • Reference interest rate:
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
Read more about Flexible Consumer Credit ›
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Special Consumer Credit UNSECURED

The loan is not amortised quickly enough. Change the loan amount or monthly repayment.
Loan term
Interest rate
%
Total cost
€
You can apply for credit worth €2,000–15,000
  • You can apply for credit worth €2,000–15,000
  • Suitable for financing a one-off purchase
  • Credit decision issued immediately or within two banking days
  • Suitable for financing a one-off purchase
  • Credit decision issued immediately or within two banking days
The loan servicing fee is €6 / month and covers the credit establishment fee, drawdowns to your account and invoicing. You will not pay other expenses than the interest and loan servicing fee.
  • Interest rate: %
  • Reference interest rate:
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
Read more about Special Consumer Credit ›
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Bank Loan SECURED

The loan is not amortised quickly enough. Change the loan amount or monthly repayment.
Loan term
Interest rate
%
Total cost
€
You need collateral for the loan, such as an owner-occupied home.
  • You need collateral for the loan, such as an owner-occupied home.
  • Suitable for one-off purchases of over €10,000
  • We can customise a loan repayment plan for you
  • Suitable for one-off purchases of over €10,000
  • We can customise a loan repayment plan for you
Loan drawdown and any possible partial drawdowns are subject to a charge based on the bank's service charges and fees.
  • Interest rate: %
  • Reference interest rate:
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
Read more about Bank Loan ›
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Period for which you apply for a loan
Loan amount
Interest rate
Loan repayment period

Estimated student loan

Repayment amount
 €/mo
Borrowing rate
 %
Total cost
 €

 €/mo

 €

 %

 €

 €

 €

12 yrs

96 

A student loan generates OP bonuses that are used, for example, for insurance premiums. 

Read more about student loan >
Apply for student loan
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  • The calculation is only suggestive. The loan offer made to you describes the loan interest rate and other terms and conditions in detail.

Compare boat loans

Select the most sensible way to finance your boat purchase. You can apply either for a secured or an unsecured loan to finance the new boat. Different boat loans come with different interest rates, maximum loan amounts and collateral. 

Compare the loans, apply online and make your boat dream come true!

Unsecured boat loan of 2,000–15,000 euros

If you want an unsecured loan, apply for Special Consumer Credit. The loan interest rate is 7.95 % + 3-month Euribor. The advantage of an unsecured boat loan is that you will get the financing decision very quickly – often immediately. You can get a boat loan of up to 15,000 euros without collateral. Only OP customers can apply for a loan without collateral.

Read more about unsecured Special Consumer Credit >

Secured boat loan with low interest rate

You can apply for a secured loan starting from 10,000 euros, with no upper limit, alone or together with another person. The interest rate of a secured loan is lower than that of an unsecured loan because collateral ensures that the loan is repaid to the bank. The loan interest is determined separately for each customer.

In general, residential property (such as an owner-occupied home, a buy-to-let home or a holiday home) is used as collateral. The home doesn’t need to be free from debt to be used as collateral for a loan.

Other assets, like forest, investments or savings, can also be used as collateral. However, the boat to be bought or consumer goods aren’t eligible as collateral.

OP cooperative bank’s owner-customers earn OP bonuses on secured bank loans.

Read more about a secured bank loan >

Flexibility in case of unexpected events

You can anytime repay a larger amount than the agreed monthly repayment or pay off the boat loan in full without any extra charges.

When applying for the loan, you agree on the size and schedule of repayments for paying back your loan. However, you can easily change your repayment plan at op.fi (in Finnish) later on, if needed. You can change the amount of repayment and the loan’s maturity date or apply for a grace period or a repayment holiday.

Read more about managing an unsecured Special Consumer Credit

Read more about managing a secured bank loan 

Boat financing suitable for you

In comparing different types of boat financing, pay special attention to the total loan costs. A loan always involves other costs than the interest or the loan establishment fee, and these should not be compared separately.

The loan offer you receive from us is based on your circumstances and how you manage to cover your expenses with your income. We always want to make sure that the size of a loan is suitable for your situation and that you won’t have any problems in repaying it.

Apply for boat financing online – and get the loan decision quickly

Fill in an application for boat financing easily online. You will get the decision on an unsecured boat loan usually immediately and on a secured loan usually within 1–3 days.

Example calculation for Bank Loan

Bank loan is a one-off loan. The effective interest rate for the loan of 10,000 euros with a 5-year loan term is 4.7%, when the loan interest rate is a 12-month Euribor + 3.85% (3.54% February/2022), the monthly loan servicing fee is 2.50 euros and the one-off origination fee charged at the loan drawdown is 120 euros. The estimated total amount payable is 11,208 euros. This calculation is based on the assumption that the entire loan has been drawn down, the loan interest rate, fees and charges are constant throughout the loan term, and the loan is repaid in equal instalments of 182.30 euros every month.

The loan is granted by an OP cooperative bank.

Example calculation for Special Consumer Credit

Special Consumer Credit is a one-off loan: the effective interest rate for a 7,000-euro loan with a 5-year payback period would be 9.58% if the credit interest rate were the 3-month Euribor + 7.95% (7.4% in September 2021) and the loan servicing fee 6 euros per month.

The estimated total amount payable would be 8,755.09 euros. This calculation is based on the assumption that the loan is drawn down in a lump sum and the loan interest and charges and fees remain unchanged throughout the loan term. It also assumes that the loan is repaid in monthly instalments of 146 euros all the way to the final instalment.

The loan is granted by OP Retail Customers Plc

What kind of loan do you need?

Manage your personal finances in a smart way and apply for a loan with OP. Learn more about all OP loan options!
Owner-customer benefits and OP bonuses through banking services

OP cooperative bank owner-customers earn OP bonuses from:

  • Funds in savings accounts

  • Home loans, student loans and secured bank loans

  • Mutual funds and unit-linked insurance assets

  • Insurance premiums paid, such as home and motor vehicle insurance and continuous travel insurance

 OP bonuses are used for the bank’s service charges and insurance premiums.

Terms and conditions, and forms
Take a look at the terms and conditions governing loans, pledges and guarantees. You will accept the terms and conditions of the loan and collateral agreement at the time of signature.
The financing is granted by OP Retail Customers plc, OP Corporate Bank plc or OP cooperative bank, depending on the financing product.