Boat loan – apply for waterproof boat financing

Choose between two different loan alternatives for financing a motor boat, sailing boat or, say, a water scooter. Compare the loans, apply online and buy your dream boat.

  • Manage your loan safely and easily throughout the loan term.

  • We don’t have hidden interests or other costs.

  • Flexible repayment, when needed.

 

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 200,000 euros can be insured on the loan, monthly compensation is a maximum of 1,500 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 2.30 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 2.30 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 2.30 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 2.30 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 €8,000
  • We can customise a loan repayment plan for you
  • Suitable for one-off purchases of over €8,000
  • 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 2.30 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 2.30 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 2.30 euros.
Read more about Special Consumer Credit ›
Show additional information
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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 €8,000
  • We can customise a loan repayment plan for you
  • Suitable for one-off purchases of over €8,000
  • 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 2.30 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.

 

Choose an unsecured or secured loan 

Depending on your needs, you can apply either for a secured or an unsecured loan. They differ from each other in terms of collateral, interest rate and maximum loan amount.

Unsecured loan of 2,000–15,000 euros

Special Consumer Credit is an unsecured loan. Its advantage is that normally you will get financing for your boat very quickly. The loan interest rate is usually 6 – 8 %. You can get a 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 >

A secured loan comes with an affordable interest rate

Bank loan is a secured loan. Its advantage is an affordable interest rate, typically 3 – 5%. You will need collateral or a guarantor for the loan. As collateral, you can use, for example, a home that you own. If you have made payments on your home loan and your home serves as collateral for it, some of its value may be free for use as collateral for your new loan.

You can apply for a secured loan even if you are not an OP customer. You can get a secured loan starting from 8,000 euros, with no upper limit. In other words, you can apply for it even for financing a large boat.

OP cooperative banks’ owner-customers earn OP bonuses through secured bank loans.

Read more about a secured bank loan >

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.

 

Apply online – you will get the loan decision quickly

Apply for a boat loan online. You will get the loan decision quickly. As a rule, you will get a decision on an unsecured loan right away. For a secured loan, you will get the loan decision within 1–3 days.

 

Owner-customer benefits and OP bonuses through banking services

OP bonuses

As an owner-customer, you will earn OP bonuses for example from:

  • loans
  • savings and investments
  • purchases you have paid with credit
  • insurance premiums for home, family and motor vehicle policies.

From 1 November 2020, OP bonuses will accrue from:

  • home loans, secured bank loans, student loans
  • savings and investment accounts
  • mutual fund units and unit-linked insurance
  • non-life insurance bills

The change on 1 November 2020 means that no OP bonuses will accrue from:

  • deposits in current accounts
  • unsecured consumer loans (Flexible Consumer Credit, Special Consumer Credit, One-off Credit and Overdraft Facility)
  • OP hire purchase
  • Purchases paid using OP Visa as a credit card, the balance of credit with interest of OP-Visa and OP-Mastercard cards

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 Card Company plc, OP Corporate Bank plc or OP cooperative bank, depending on the financing product.