Boat loans
Loans for new or used boats.
How much does a 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 number of other things to bear in mind.
The price of the boat loan itself depends on the price of the boat, the repayment period, the type of boat you’re going to buy and how much down payment you’ll need – you need at least a 20% down payment All you need to do is give us some information and we’ll help you with the calculation.
Price example
Boats under 7 metres long:
Nominal interest rate 8,84 %, eff. Interest rate 11,36 %, NOK 150 000 o/5 years. Annuity loans NOK 150 000 o/5 years. Instalment amount NOK 3 167 per month Cost: NOK 43 720 total: NOK 193 720
Boat over 7 metres:
Nominal interest rate 7,95 %, eff. Interest rate 9,99 %, NOK 150 000 o/5 years. Annuity loans NOK 150 000 o/5 years. Instalment amount NOK 3 102 per month Cost: NOK 38 620 total: NOK 188 620
Boat loan with security in the boat
To borrow money for a boat with security in the boat, it must be registered in either Småbåtregisteret (the Small Boat Register) or Skipsregisteret (the Ship Register). The register that is right for your boat will depend on the size of the boat.
Is the boat over or below 7 metres?
Boats measuring 7 metres (23 feet) and above must be registered in the Skipsregisteret (the Ship Register). to get your loan financed by security in the boat. Boats under 7 metres can be registered in the Småbåtregisteret (the Small Boat Register).