Boat loan
Loan for a new or used boat.
What does the boat loan cost?
It is important to be aware of the costs of owning a boat, such as insurance, maintenance, mooring, winter storage and a range of other things you need to consider.
The price of the boat loan itself depends on the boat's price, repayment period, the type of boat you want to buy and how much equity you want to use – you must have at least 20% in equity. All you need to do is give us a bit of information, and we will help you with the calculation.
Price example
Boat under 7 metres: Nominal interest rate 8,59 %, eff. Interest rate 11,09 %, NOK 150 000 o/5 years. Annuity loans NOK 150 000 o/ years. Instalment amount NOK 3 149 per month Cost: NOK 42 639 total: NOK 192 639
Boat over 7 metres: Nominal interest rate 7,45 %, eff. Interest rate 9,46 %, NOK 150 000 o/5 years. Annuity loans NOK 150 000 o/5 years. Instalment amount NOK 3 067 per month Cost: NOK 36 520 total: NOK 186 520.
Boat loan secured by the boat
To borrow money for a boat with security in the boat, it must be registered in either the Small Boat Register or the Ship Register. Which register is correct for your boat depends on the size of the boat.
Is the boat over or under 7 metres?
Boats of 7 metres (23 feet) and over must be registered in the Ship Register for you to be able to finance the loan with security in the boat. Boats under 7 metres can be registered in the Small Boat Register.