Boat Loan

Nothing's more relaxing than spending time on a boat, away from the noise and stresses on land. Our Boat Loan puts this experience within your reach.

How it works

Borrow up to 75% of the amount to buy your new or second-hand boat.

Benefits

  • Lower monthly repayments by spreading the loan over a period of up to 10 years.
  • Interest rates as follows (available until end of June 2019): 
    • a variable interest rate of 4.85% p.a. (APRC 5.09%), made up of the Bank's Base Rate and spread of 2.35% p.a. in the case of an unsecured Personal Loan
    • a variable interest rate of 3.99% p.a. (APRC 4.18%), made up of the Bank's Base Rate and spread of 1.49% p.a. in the case of a secured Personal Loan.

An unsecured Personal Loan representative example consists of a loan of €20,000 repayable over 7 years with a variable interest rate of 4.85% p.a. The loan will be rapayable in 84 monthly instalments of €281.90, totalling €23,719.79 in addition to a €40 processing fee. The applicable Annual Percentage Rate is 5.09%.

A secured Personal Loan representative example consists of a loan of €20,000 repayable over 7 years with a variable interest rate of 3.99% p.a. The loan will be repayable in 84 monthly instalments of €273.79, totalling €23,038.73 in addition to a €40 processing fee. The applicable Annual Percentage Rate is 4.18%.

Come talk to us

If you're interested in getting a Boat Loan, visit us at your preferred BNF Bank branch. Don't forget to bring:

  • Your ID Card
  • Evidence of income:
    • Last year's FS3 and the last 3 months' payslips OR
    • If you're self-employed, the last 3 years' Income Tax Return, including the Profit and Loss Account
  • Bank statements of all your accounts held with other banks
  • Evidence of the boat product you want to buy, such as a pro-forma invoice.

We're ready to listen.

Terms and conditions apply. The offer does not apply in conjunction with any other offer on the same product and in such a case the better offer applies. This loan is subject to the Bank's lending criteria. The Bank reserves the right to amend or withdraw this loan product from the market at any time, at its sole and absolute discretion and without any prior notice.

BNF Bank plc is a credit institution licensed to undertake the business of banking by the MFSA in terms of the Banking Act 1994. Registered in Malta C41030 - 203, Level 2, Rue D'Argens, Gzira, GZR1368, Malta.

Brochure

 


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BNF Bank plc is a credit institution licensed by the MFSA to undertake
the business of banking in terms of the Banking Act 1994.