Marine Loan

Loan Amount
 . New Boat

 Maximum USD 750,000

 . Used Boat

 Maximum USD 300,000

 . New Engine

 Maximum USD 100,000
Loan Tenor
Minimum 2 years & maximum 5 years
Variable Interest Rate
New boats & Engine = BRR+4% (Min 11%)*

Used boats = BRR+6% (Min 13%)*

File Fees
1% of loan amount (Maximum USD 1,000)

Age
Minimum 25 years old (at loan initiation) and Maximum 64 (at loan settlement)

 

Currently the BRR as of November 2018: USD 7.9%

 

Guarantees can be requested on case by case basis

* Terms and conditions apply

 


Loan Amount
 . New Boat

 Maximum USD 750,000

 . Used Boat

 Maximum USD 300,000

 . New Engine

 Maximum USD 100,000
Loan Tenor
Minimum 2 years & maximum 5 years
Variable Interest Rate
New boats & Engine = BRR+4% (Min 11%)*

Used boats = BRR+6% (Min 13%)*

File Fees
1% of loan amount (Maximum USD 1,000)

Age
Minimum 25 years old (at loan initiation) and Maximum 64 (at loan settlement)

 

Currently the BRR as of November 2018: USD 7.9%

 

Guarantees can be requested on case by case basis

* Terms and conditions apply

 

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