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 usually 6–8 %. 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.
Secured boat loan with low interest rate
We recommend that you check whether you have assets that can be used as collateral, because a secured bank loan has the lowest interest rate. The interest rate for a bank loan is typically 3–5%. You will need collateral or a guarantor for the loan.
Eligible collateral include, for example, a home that you own if it is debt-free or if you have already repaid part of your home loan. Forest, investments and other assets may also be eligible as loan collateral.
You can get a secured boat loan starting from 8,000 euros, with no upper limit. In other words, you can apply for it even to finance a larger boat. You can apply for a secured boat loan even if you are not an OP customer.
OP cooperative bank’s owner-customers earn OP bonuses on secured bank loans.
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.
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.